Finance Director

Job Description

Finance DirectorWe are delighted to be exclusively partnering with a leading Financial Services business, a financial powerhouse with a presence in 18 Countries, based neatly between Liverpool Street and Fenchurch Street in the City of London.As the Finance Director, you will be working with a company that incorporates an investment firm, asset management, trading venue, training and advice and looking after client assets.The firm offers a fixed income brokerage - agency and IDB operating in London and Europe, fixed income custody, treasury management consultancy and award-winning ESG asset management.This role is very hands-on, and you will prepare and be responsible for financial accounts, management information, tax, regulatory returns, and associated documents for a UK-based group comprising 3 regulated entities: one based in Europe and two in theUK.You will ideally be a qualified accountant (preferably ACA) with at least 5 years of experience within financial services. You will act as financial controller, operational risk manager and finance director. The role does not have any direct reports, however,Central Services will maintain the purchase and sales ledger, input and pay invoices, raise invoices and be responsible for credit control.This appointment is a Board appointment, and the candidate will also be a member of the Risk & Governance Committee, the Expenses Panel, the Limit Committee, and the Operational Risk Committee.Your Responsibilities

• You will prepare month-end management accounts for our UK 3 trading entities - journals, bank reconciliations, accruals, prepayments, full monthly balance sheet reconciliations, departmental P&Ls, consolidations, and group reporting.
• You will provide technical papers to the auditors as required to show compliance with new standards or to provide audit evidence for items such as impairment.
• You will produce a monthly report containing key management information: departmental P&Ls versus the prior year and budget, KPIs, charts, fund mandate performance and other management information of use to stakeholders.
• You will produce monthly, quarterly, and bi-annual regulatory returns - Quarterly returns MIF001, MIF002, MIF003 and MIF004, FSA001, FSA002 etc.
• You will produce business plans and monthly forecasts of cash and regulatory capital (including European entity)
• You will produce annual financial statements, including a group consolidation and cash flow statement.
• You will produce quarterly VAT returns and annual corporation tax returns, including the application of reverse charge VAT and partial recovery.
• You will work with a specialist firm to ensure that the firm recovers R&D tax credits as applicable.
• You must update the payroll outsource provider of monthly payroll changes, prepare P11Ds, and PSA, making pension payments.
• You will write and update key FCA documents and reports: updated and presented to the Board annually, including ICARA, Stress and scenario testing, reverse stress tests, Wind up plans for each entity, Recovery and resolution plan, Contingency Funding plansand Pillar 3 disclosure.

• Acting as Company Secretary for all entities and the Remuneration Committee.
• Responsible for the Groups Remuneration policy document and how it adheres to the FCA Remuneration Principles, including Enterprise risk management policy, Risk matrix, Risk assessments of new trading ventures/desks, Monthly operational risk meetings andCredit limits for new clients (working in conjunction with the COO)
• Responsible for the UK and European Insurance - PI, D&O, healthcare, travel, life

Due to the quantum of average gross assets, our clients regulated entities are deemed significant by FCA and are therefore regulated as one of the top, most significant firms in the UK. SMCR is applicable under the enhanced regime, meaning from a regulatoryperspective there are additional regulatory requirements and reports above smaller regulated entities.Under SMCR the role has prescribed responsibility for (a) managing the firms internal stress tests; and (b) ensuring the accuracy and timeliness of information provided to the FCA and other regulatory bodies for stress testing; Responsible for the collectionand recovery of amounts owed to the firm by its customers; Responsible for the creation and administration of staff incentive schemes. Other SMCR-prescribed responsibilities are Governance, Payroll, and Insurance.Your Skills and Expectations

• Qualified Accountant (preferably ACA)
• Minimum 5 years of experience
• Hands-on approach to the job
• Hold a board position and be a key member of our leadership team
• Help drive the growth and development of the business
• Act as financial controller and finance director

Remuneration and Rewards

• £100,000 - £120,000 Base Salary
• 31 days holiday + bank holiday
• Pension scheme up to 5% matched contribution
• Discretionary Bonus
• Health Care for you (your family can be added at your cost)
• Life Assurance 4 times base salary

For further information on this exciting new Finance Director position, please contact Darren Buckley at AJ Chambers

Keyskills :
ACAAsset ManagementFinance DirectorManagement AccountsRisk Management