- Preparing monthly Group financial returns.
- Producing statutory financial statements for three UK-based entities.
- Preparing corporation tax, VAT, and other tax filings.
- Submitting IFRS-based regulatory returns to the FCA (FINREP) and the Bank of England.
- Supporting other financial and regulatory reporting requirements as needed.
The role also involves ownership of technical accounting matters and maintaining a strong governance framework over the financial reporting process, including balance sheet substantiation.
As the Bank undergoes a significant change programme, the individual will collaborate with stakeholders across the organisation to provide technical accounting support and ensure reporting processes remain robust and compliant.
- Preparing the monthly/quarterly Group Financial Reporting Pack (GFRP) for PLC and associated returns.
- Preparing other regular Head Office returns such as related parties reports, CAPEX reports, other subsidiary forecasts and tax analyses, etc.
- Liaising with Head Office for queries/issues in relation to relevant Head Office reports.
Financial Reporting
- Preparing annual statutory report for PLC, including preparation of disclosure notes for the annual reports.
- Preparing annual account preparation for all other London-controlled subsidiaries.
- Preparing quarterly FINREP return to FCA.
- Assistance with other financial reporting related issues.
Technical Accounting
- Preparing technical accounting papers on key judgements and issues which will be distributed to the Board Audit Committee.
- Involved in assessing impact of GAAP changes to relevant reports of PLC.
- Work closely alongside the Risk department to assess the Bank's hedge effectiveness in line with IFRS 9
- Lead the Bank's monthly Technical Working Group meetings
- Assess the adequacy of the Bank's IFRS 9 credit impairment provisions
UK Taxation Reporting
- Preparing quarterly VAT return to HMRC under partial exemption methodology.
- Responsible for quarterly corporation tax instalment payment.
- Preparation and journalling of monthly corporation tax provision computation.
- Assisting in checking and reviewing the annual corporation tax return to HMRC.
- Preparing annual BBSI return and assisting in preparation of SAO certification.
- Assistance with other tax-related matters.
Regulatory reporting
- Preparing the Bank of England (BoE) statistical returns
Daily/regular Reports
- Assisting in overall Finance's daily and monthly controls, including suspense, FX and swaps.
Process improvement
- To assist in reviewing and enhancing the Finance control environment with a view to implementing best practice.
Change
- To support the Bank's change program and initiatives, including assessing the downstream reporting implications of the implementation of new systems.
Other work
- Assisting in the preparation of relevant procedures for regular reports and processes.
- Assisting in updating processes and files for changes in systems and
- Carrying out ad-hoc work as requested by the line manager and Financial Controller.
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