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- Tasks: Lead FIA Cost Cap submissions and ensure compliance with financial regulations.
- Company: Join a fast-growing racing team entering the FIA Formula One World Championship.
- Benefits: Accelerate your career in a high-performance culture with opportunities for growth.
- Why this job: Be part of an ambitious team aiming for excellence in motorsport while ensuring financial integrity.
- Qualifications: Must be ACA or ACCA qualified with experience in financial regulations in F1.
- Other info: Work collaboratively with diverse teams and utilize cutting-edge business intelligence tools.
The predicted salary is between 43200 - 72000 £ per year.
Financial Regulations Business Partner, Northamptonshire
Client:
Talent Works
Location:
Northamptonshire, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
5abaa2ff992a
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Talent Works is working with a fast growing racing team that is entering the FIA Formula One World Championship. This new Team is gearing up for rapid growth. To achieve their goals, they need to create and sustain a high-performance culture in every area. They have ambitious plans to build an outstanding operation that can compete at the highest level.
From exceptional Engineering and Design talent to a world-class Race Team, supported by specialists in off-track roles – we are assembling the expertise needed to drive this operation forward and compete at the highest level.
Being a part of this Team, will accelerate your career. Take a closer look at the role:
Job Description:
The Financial Regulations Business Partner plays a critical role in ensuring adherence to the FIA Cost Cap regulations, safeguarding the financial integrity of the organisation while maximising performance within regulatory boundaries. This role involves close collaboration with finance, technical, and operational teams to monitor and manage cost cap compliance, prepare regulatory submissions, and implement best practices for financial governance.
What you will be doing:
Controls & Reporting
- Lead the FIA Cost Cap regulations submission process, ensuring they meet all regulatory requirements.
- Monitor financial activities and establish internal controls to ensure compliance with cost cap requirements, identifying and working with the organisation to mitigate potential breaches.
- Develop and maintain detailed tracking systems to monitor spend against the cost cap in real-time.
- Liaise with the FIA and other regulatory bodies on cost cap matters, including submissions, audits, and queries.
- Perform regular internal audits to ensure that spending is in line with cost cap guidelines, identifying areas of non-compliance and recommending corrective actions.
- Investigate any discrepancies, irregularities, or non-compliant expenditures and work with relevant teams to resolve issues promptly.
- Monitor ongoing projects and initiatives to ensure that they remain within cost cap constraints.
- Produce internal financial reports for senior management, highlighting compliance status and any potential risks.
- Educate teams on cost cap regulations and the importance of compliance.
- Provide training and guidance to finance and non-finance stakeholders on how to categorise and report costs correctly.
- Keep abreast of any changes to cost cap regulations or guidelines, ensuring that the organisation is always operating within the most current compliance framework.
- Track cost cap opportunities and initiatives.
- Stay updated on industry-specific and finance developments and identify opportunities to enhance existing processes.
- Build out internal and external network.
- Identify manual tasks that can be automated.
- Act as a role model within the wider Finance team demonstrating core values and behaviours and advocating achievement and compliance.
Requirements
- ACA or ACCA Qualified
- Financial Regulations in F1 experience
- Able to communicate financial matters to the business with clarity and transparency demonstrated through strong presentation skills
- Experience working under pressure and managing competing demands
- Excellent attention to detail
- Able to provide examples where the status quo has been challenged and the positive impact or outcome on the organisation
- Ownership for identifying and providing solutions for financial issues
- Enjoys working both autonomously and as part of a team
- Willingness to use latest business intelligence tools (e.g. Microsoft Power BI) to interrogate data, problem solve and provide recommendations
- Tenacious, reliable and flexible attitude to work
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Financial Regulations Business Partner employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Regulations Business Partner
✨Tip Number 1
Familiarize yourself with the FIA Cost Cap regulations. Understanding these regulations inside and out will not only help you in the interview but also demonstrate your commitment to compliance and financial integrity.
✨Tip Number 2
Network with professionals in the Formula One industry. Attend relevant events or join online forums where you can connect with others who have experience in financial regulations within motorsport, as this could give you valuable insights and potential referrals.
✨Tip Number 3
Showcase your ability to work under pressure by preparing examples from your past experiences. Highlight situations where you successfully managed competing demands while ensuring compliance with financial regulations.
✨Tip Number 4
Stay updated on the latest developments in financial regulations and business intelligence tools like Microsoft Power BI. Being knowledgeable about these tools will position you as a forward-thinking candidate who is ready to enhance existing processes.
We think you need these skills to ace Financial Regulations Business Partner
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Financial Regulations Business Partner position. Understand the key responsibilities and requirements, especially regarding FIA Cost Cap regulations and financial governance.
Tailor Your CV: Customize your CV to highlight relevant experience in financial regulations, particularly in the context of Formula 1 or similar high-pressure environments. Emphasize your qualifications (ACA or ACCA) and any specific achievements related to cost cap compliance.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your passion for the role and the racing industry. Use specific examples from your past experiences to demonstrate how you have successfully managed financial compliance and contributed to organizational success.
Highlight Communication Skills: Since the role requires clear communication of financial matters, ensure you provide examples in your application that showcase your strong presentation skills and ability to convey complex information effectively to both finance and non-finance stakeholders.
How to prepare for a job interview at TN United Kingdom
✨Understand FIA Cost Cap Regulations
Make sure you have a solid grasp of the FIA Cost Cap regulations. Be prepared to discuss how your previous experience aligns with these regulations and how you can ensure compliance within the organization.
✨Showcase Your Financial Acumen
Demonstrate your financial expertise by providing specific examples of how you've managed financial compliance in high-pressure environments. Highlight your attention to detail and ability to identify discrepancies.
✨Communicate Clearly and Confidently
Since this role requires clear communication of financial matters, practice articulating complex financial concepts in simple terms. Use examples from your past experiences to illustrate your points effectively.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about past situations where you had to challenge the status quo or implement changes, and be ready to discuss the outcomes.
