Group Financial Controller (GFC) in City of Westminster
Group Financial Controller (GFC)

Group Financial Controller (GFC) in City of Westminster

City of Westminster Full-Time 80000 - 100000 £ / year (est.) No home office possible
GB Bank Limited

At a Glance

  • Tasks: Lead financial reporting and ensure compliance in a fast-growing bank.
  • Company: Join one of the UK's fastest growing and award-winning banks.
  • Benefits: Competitive salary, generous pension, private medical cover, and 25 days holiday.
  • Other info: Collaborative culture that values continuous learning and professional development.
  • Why this job: Make a real impact in a dynamic environment with career progression opportunities.
  • Qualifications: Qualified Accountant with experience in banking or regulated financial services.

The predicted salary is between 80000 - 100000 £ per year.

About us

Join one of the UK’s fastest growing and award winning banks. We are a team of ambitious, passionate, hardworking, and committed people who have successfully created and launched one of the UK’s newest specialist property finance banks. As we embark on an exciting journey of growth, we are seeking exceptional new team members who possess both the ambition and drive to contribute to our vision. At GB Bank, we believe that career progression should not only be achievable but accelerated, enabling our employees to reach their potential in a supportive and dynamic atmosphere. Our environment is fast-paced and collaborative, where your efforts are recognised, rewarded, and make a tangible impact. We take pride in fostering an open and inclusive culture that not only embraces change but also encourages continuous learning and professional development.

In this role

The Group Financial Controller (GFC) is responsible for the integrity, accuracy and control of the Bank’s financial and regulatory reporting framework. This is a senior leadership role within Finance, accountable for:

  • Statutory financial reporting (IFRS / UK GAAP)
  • Management accounting and performance reporting
  • Regulatory reporting (COREP, FINREP, PRA returns)
  • Treasury operations
  • Finance operations (ledger, payments, reconciliations, controls)

The GFC ensures the Bank maintains a strong control environment while supporting growth, capital efficiency and regulatory compliance. The role is central to Board, Audit Committee and PRA engagement.

Key areas of responsibility

  • Statutory Financial Reporting
    • Lead preparation of Group and subsidiary statutory accounts
    • Own accounting policy framework and technical position papers.
    • Manage external audit process and year-end timetable.
    • Ensure appropriate treatment of:
    • EIR and fee income
    • Hedge accounting
    • Loan loss provisioning
    • Securitisation and structured transactions
  • Maintain robust financial controls and documentation.
  • Accountable for clean audit opinions and high-quality disclosures.
  • Management Accounting & Performance Reporting
    • Lead monthly management accounts production.
    • Develop Board and ExCo performance packs.
    • Provide insight into:
    • Net interest margin
    • Cost of funds
    • Product profitability
    • RWA density and capital usage
  • Partner with business heads to enhance commercial understanding of financial performance and product initiatives.
  • Tax Compliance
    • Oversee corporate tax compliance framework, including:
    • Corporation tax returns
    • Quarterly instalment payments
    • Deferred tax calculations
    • VAT returns
  • Ensure accurate tax provisioning in statutory and management accounts.
  • Deliver tax automation and process improvements.
  • Support in the submission of CRS/FATCA and BBSI returns.
  • Regulatory Reporting & Capital Returns
    • Oversee delivery of PRA and Bank of England reporting including:
    • COREP
    • FINREP
    • Leverage ratio reporting
    • Large Exposures
    • Liquidity returns (LCR / NSFR)
  • Ensure alignment and reconciliation between regulatory reporting and statutory numbers.
  • Maintain RWA calculation oversight under UK CRR.
  • Support Pillar 3 disclosures.
  • Coordinate responses to PRA queries and reviews.
  • Treasury and Finance Operations – Control Environment
    • Oversee core finance and treasury operations:
    • General ledger integrity
    • Payments and settlement controls for both treasury and the wider business
    • Reconciliations and substantiation
    • Financial systems governance
    • Accounts payable process
  • Design and maintain robust control frameworks.
  • Ensure compliance with SMCR accountability.
  • Support Internal Audit and regulatory reviews.
  • Leadership & Team Development
    • Build and lead a high-performing Financial Control function.
    • Develop capability across regulatory reporting and treasury finance.
    • Drive continuous improvement and automation.
    • Promote strong risk and control culture.
  • Key Skills & Experience

    • Essential
      • Qualified Accountant (ACA/ACCA or equivalent preferred).
      • Significant post-qualification experience in banking or regulated financial services focused in challenger bank or growth bank.
      • Strong knowledge of:
      • IFRS (particularly IFRS 9)
      • UK CRR capital framework
      • PRA regulatory reporting
    • Experience managing external audit.
    • Experience leading teams.
    • Experience interacting with auditors and regulators.
  • Desirable
    • Exposure to securitisation / structured funding.
    • Experience with regulatory reporting platforms.
    • Experience overseeing treasury accounting.
    • Basel 3.1 awareness.
  • Skills & Competencies

    • Strong technical accounting capability.
    • Deep understanding of capital and liquidity frameworks.
    • Structured and detail-oriented with strong control mindset.
    • Able to operate at Board and regulator level.
    • Commercially aware and strategically aligned.
    • Calm under pressure with delivery focus.

    Professional Qualifications (if appropriate)

    • Qualified Accountant (ACA / ACCA or equivalent).

    What we can offer you

    • 8% company pension contribution and 3% individual contribution (which you can opt to increase)
    • 25 days holiday every year plus bank holidays on top
    • Private medical cover with BUPA – includes no excess + you can add family through salary sacrifice
    • Death in service at 4 x base salary with Aviva
    • Mental health support - through a helpline and counselling sessions
    • Enhanced maternity, paternity and adoption leave

    What else do I need to know?

    • Location: Mayfair, London (4+ days in the office)
    • Salary: Competitive
    • Hours: 35 Hours per week

    We are an equal opportunities employer and positively encourage applications from suitably qualified and eligible candidates, regardless of their age, sex, race, disability, sexual orientation, gender reassignment, religion or belief, marital/civil partnership status, or pregnancy and maternity. At GB Bank, we value privacy and data protection rights. We have longstanding data protection culture and promote robust ethical standards in data management. Please read our Privacy Notice in relation to our recruitment activities before submitting your application to work with us.

    Group Financial Controller (GFC) in City of Westminster employer: GB Bank Limited

    At GB Bank, we pride ourselves on being one of the UK’s fastest growing and award-winning banks, offering a dynamic and collaborative work environment in the heart of Mayfair, London. Our commitment to employee growth is reflected in our accelerated career progression opportunities, comprehensive benefits including private medical cover and generous pension contributions, and a culture that values inclusivity and continuous learning. Join us to make a tangible impact while enjoying a supportive atmosphere that recognises and rewards your efforts.
    GB Bank Limited

    Contact Detail:

    GB Bank Limited Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Group Financial Controller (GFC) in City of Westminster

    ✨Tip Number 1

    Network like a pro! Reach out to people in the finance sector, especially those who work at banks or financial institutions. A friendly chat can lead to insider info about job openings and even referrals.

    ✨Tip Number 2

    Prepare for interviews by researching the company inside out. Understand their values, recent news, and how they operate. This will help you tailor your answers and show that you're genuinely interested in being part of their team.

    ✨Tip Number 3

    Practice common interview questions, but don’t just memorise answers. Instead, focus on how your experiences align with the role of Group Financial Controller. Use the STAR method (Situation, Task, Action, Result) to structure your responses.

    ✨Tip Number 4

    Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.

    We think you need these skills to ace Group Financial Controller (GFC) in City of Westminster

    Statutory Financial Reporting
    IFRS
    UK GAAP
    Management Accounting
    Regulatory Reporting
    COREP
    FINREP
    Treasury Operations
    Financial Controls
    Tax Compliance
    Audit Management
    Team Leadership
    Technical Accounting
    Capital and Liquidity Frameworks
    Commercial Awareness

    Some tips for your application 🫡

    Show Your Passion: When writing your application, let your enthusiasm for the role shine through! We want to see that you’re not just qualified, but genuinely excited about joining our team and contributing to our vision at GB Bank.

    Tailor Your CV: Make sure your CV is tailored to the Group Financial Controller role. Highlight your relevant experience in statutory financial reporting, management accounting, and regulatory compliance. We love seeing how your skills align with what we’re looking for!

    Be Clear and Concise: Keep your application clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that gets straight to the important bits without unnecessary fluff.

    Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our amazing team at GB Bank.

    How to prepare for a job interview at GB Bank Limited

    ✨Know Your Numbers

    As a Group Financial Controller, you'll need to demonstrate your expertise in financial reporting and regulatory compliance. Brush up on IFRS, UK GAAP, and the capital framework before the interview. Be ready to discuss specific examples of how you've managed statutory accounts or led external audits.

    ✨Showcase Your Leadership Skills

    This role requires strong leadership capabilities. Prepare to share experiences where you've built high-performing teams or driven continuous improvement in financial processes. Highlight your ability to foster a strong risk and control culture within your team.

    ✨Understand the Business

    Get familiar with GB Bank's mission and values. Understand their growth journey and how your role as GFC will contribute to their vision. Be prepared to discuss how you can enhance commercial understanding of financial performance and product initiatives.

    ✨Prepare for Technical Questions

    Expect technical questions related to tax compliance, treasury operations, and regulatory reporting. Review your knowledge on COREP, FINREP, and liquidity returns. Practise articulating complex concepts clearly, as you'll need to communicate effectively with both the Board and regulators.

    Group Financial Controller (GFC) in City of Westminster
    GB Bank Limited
    Location: City of Westminster

    Land your dream job quicker with Premium

    You’re marked as a top applicant with our partner companies
    Individual CV and cover letter feedback including tailoring to specific job roles
    Be among the first applications for new jobs with our AI application
    1:1 support and career advice from our career coaches
    Go Premium

    Money-back if you don't land a job in 6-months

    >