FP&A - Treasury and Savings Business Partner in London

About us

Vida Bank provides competitive savings products through Vida Savings and specialist mortgage solutions through Vida Homeloans. Our mortgage business supports Buy to Let (BTL) and residential borrowers (ROO) who find themselves underserved elsewhere. Our mortgage customers range from Buy to Let investors to the self-employed and customers with multiple jobs. Our savings proposition is delivered online via our website and is focused on providing savers with fair, transparent and competitive rates. Our typical customers are active savers, who tend to look beyond their current account provider for savings accounts.

Our business model and strategy are underpinned by our core purpose to ‘Help More People Find a Place to call Home’. We are here to help the underserved, especially those with more nuanced personal circumstances or borrowing needs who are not able to access a mortgage from a mainstream mortgage lender. Working exclusively with intermediary partners, we combine cutting-edge technology with skilled and caring underwriting expertise to solve complex customer problems.

As a fully regulated UK based bank with ambitious growth aspirations, we recognise the importance of having a clearly articulated culture strategy and the need to actively manage how it embeds in the business together with the behaviours which exemplify it. As a recognised Best Companies Top 100 mid-sized company to work for in the UK and a finalist at the Financial Reporter Women’s Recognition Awards, we take pride in our diverse workforce, championing both ethic and gender diversity through our EDI commitments. Having met the target set by being a member of the HM Treasury Women in Finance Charter we have 50% of senior management roles filled by women. With offices in London, Newcastle and Skipton, we bring our teams together regularly to collaborate and empower our colleagues to have more choice around when and where they work on the days they are not in the office, with colleagues working remotely in various locations across the UK.

Our Culture

We are proud to have built a culture founded on an ethos of caring, and that sits at the heart of our Vida Values, driving the way we run our business, support our customers and other stakeholders on a daily basis. We genuinely care about delivering the right outcomes for all our stakeholders who we consider through the cultural framework as our customers, colleagues, company and communities that we operate in. By Joining Vida you will have a sense of belonging in what is a diverse and collaborative environment, where you will be empowered to take responsibility for driving delivery. We embrace a diversity of backgrounds and experiences in our people, in the deeply held belief that better outcomes are achieved for customers when our colleagues are better placed to empathise with and understand their unique circumstances. From application to interview, we place inclusion at the heart of all we do.

Role Overview:

The Finance team is responsible for the financial integrity of the Vida Bank business. This involves the preparation of management, statutory and regulatory reports and the maintenance of underlying accounting records within a robust financial controls framework. Preparing financial forecasts, analysis and strategic plans in a dynamic business environment is a core part of the Finance team’s role. Financial Planning & Analysis Business Partners are responsible for supporting the delivery of financial forecasts, plans and financial analysis that enhances management’s understanding of the key financial business drivers that will deliver the growth and future sale of the business.

Key Responsibilities:

• Act as a business partner and link between Treasury and Finance producing MI that analyses and challenges Treasury financial performance, including:
• HQLA and cash management and associated P&L;
• Wholesale funding efficiency and costs;
• Liquidity metrics and efficiency;
• Hedging efficiency and associated costs;
• Provide Treasury with support and challenge on the financial implications of transactions, including forecast returns and ROE from proposed structures.
• Analyse and challenge Treasury assumptions included in the Pricing Model.
• Act as a business partner and link between the Savings and Finance teams producing MI that analyses and challenges Savings financial performance including:
• Retail deposit product margins and management;
• Retail deposit product assumptions including rollover assumptions, attrition, repricing behaviours;
• External retail deposit market analysis and overview to provide to savings team.
• Attendance of treasury and savings team meetings to provide financial insight and feedback insights to the finance team.
• As required manage FP&A Analyst.

Requirements:

• Experience of financial modelling in a financial services environment is preferable but not essential.
• Advanced Excel skills.
• Experience of management accounts preparation with thorough knowledge of accounting principles and procedures.
• ACA/ACCA/CIMA qualified.
• A high level of determination, willingness and flexibility to deliver to a high standard against tight deadlines.
• Be able to present financial data to a high standard in a clear and concise format.
• Very strong analytical skills and attention to detail.
• Communicates in a constructive, positive and respectful manner.

Our Values

Our values are well established and recognised throughout our organisation. They provide a frame of reference for the behaviours expected from our colleagues every day. We find ways to break old conventions, especially those which cause exclusion or customer harm. We look for these qualities when hiring new talent into the organisation, and they underpin our approach to personal development and performance management for all our people. At the heart of this is the fact we care about our Customers, Our Colleagues and our Communities. We are:

• Visionary - We innovate and break old habits, thinking big and pushing boundaries together as one team.
• Inclusive - We value each other’s differences and work to see people for who they really are.
• Dynamic - We are flexible and fast, cutting through complexity and never accepting second best.
• Authentic - We are honest and genuine, what you see is what you get.

Benefits

We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.