Financial Analyst

  • £££Excellent
  • London, England, United Kingdom
  • Permanent, Full time
  • Westbourne Partners
  • 11 Dec 17 2017-12-11

The incumbent will assist the Head of Finance and senior management by analysing the financial standing of the UK banking business; the incumbent will provide input for business recommendations and assessment of business proposals by the UK’s business Divisional Heads and departments. They will also be involved in financial, regulatory and MIS reporting of the UK to Head Office and to the FCA. You must have Sound experience in reporting, consolidation and financial analysis, typically gained through at least with 4-6 years of relevant experience in the banking industry and tax systems particularly PESM, Corporation Tax and VAT

Position: Financial Analyst

Location: Mayfair, London

About us: We are the UK Subsidiary of a global Financial Services firm with operations across EMEA and APAC.

Job Summary:

The incumbent will assist the Head of Finance and senior management by analysing the financial standing of the UK banking business; the incumbent will provide input for business recommendations and assessment of business proposals by the UK’s business Divisional Heads and departments. They will also be involved in financial, regulatory and MIS reporting of the UK to Head Office and to the FCA.

Duties & Responsibilities: 

  • Provide the required support in monitoring limits and exposures with a view to improving the branch’s profits, whilst at the same time ensuring compliance with the consolidated / overall approved limits
  • Ensure timely and accurate compilation of information required for disclosure of all material matters concerning the branch
  • Assist Head of Finance in developing mechanisms designed to ensure compliance with all relevant UK laws and regulations and also international laws and regulations
  • Assist Head of Finance in performance monitoring and quality measurement purposes pertaining to the financial control related process
  • Build and maintain strong and effective relationships with other related units and Head Office to achieve the UK Branches goals and objectives
  • Provide timely and accurate information to the external and internal auditors and the Group’s compliance function when required in coordination with Head of Finance
  • Provide input for business development and recommendations
  • Prepares monthly, quarterly, annual MIS and regulatory reports
  • Tracks expenses and revenues vs. budget and forecast / analyse fluctuations and variances
  • Prepares monthly Branch budget consolidation and assists in the Budget / forecast process
  • Reviews monthly Payroll
  • Coordinates financials questions / answers with Head Office and Finance departments
  • Prepares annual and quarterly financial statements and disclosures for internal stakeholders such as FCD; Compliance; Risk; Audit
  • Prepares annual financial information for external stakeholders such as Auditors; Outsourced Payroll; Regulatory bodies etc.
  • Evaluates profit and cost efficiencies in the Branch / Office
  • Develops, maintains and distributes as-hoc reports and financial info as needed
  • Assist in managing the banking business from a financial perspective to gauge the quality and performance of the bank’s departments
  • Compiles, analyses, and interprets data as and when requested by the Head of Finance
  • Prepares financial reports for forecasting, trend and results analysis
  • Provide cover for the Head of Finance, in case of their absence
  • Possess a prominent knowledge of the banking business, its products and related risks together with a good knowledge of operations and control
  • Sound knowledge of IFRS, PESM, Corporation Tax and local tax regulations and practices
  • Identify areas for professional development of self
  • Ensure high standards of confidentiality and ethics to safeguard commercially sensitive information
  • All other ad hoc duties and/or activities related to Group that management may request of the employee from time to time

Education/Experience Requirements:

  • University graduate in Accounting, Finance or Economics
  • Professional Accounting qualification such as CPA, ACA, ACCA
  • Accounting / GAAP knowledge
  • Sound experience in reporting, consolidation and financial analysis, typically gained through at least with 4-6 years of relevant experience in the banking industry
  • Strong computer skills (preference for Advanced Excel skills and / or EQ3/4 Banking system expertise).
  • Sound knowledge of relevant statistics, local relevant regulatory banking regulation and local tax systems particularly PESM, Corporation Tax and VAT
  • Excellent understanding of Risk Management aspects (Liquidity & Interest Rate Risk)
  • Ability to manage external auditors and manage relationships with external tax authorities
  • Ability to coordinate with several units within the Head Office to resolve various issues
  • Ability to deliver under pressure
  • Strong initiative and ability to manage multiple projects
  • Excellent Communication skills, (including report writing) in English
  • Ability to work well with others in fast paced, dynamic environment
  • Understanding of the relevant laws, regulations and best practices pertaining to financial topics in a Banking environment
  • Personal integrity and self-management
  • Familiar with the balanced scorecard approach
  • Knowledge of AML laws and regulations