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Banking & Financial Services
Midlothian
October 10, 2023
Permanent
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Job Description

JOB TITLE: Finance Manager – Commercial Banking Control and Reporting (12 Month FTC)

Salary: £61,641 – £68,490

LOCATION(S): Edinburgh

HOURS: Full time

WORKING PATTERN: Our work style is hybrid, which involves spending at least

two days per week, or 40% of our time, at one of our office sites.

You’ll join us in Group Finance Support (“GFS”), a team of c600 colleagues within the Finance Division at Lloyds Banking Group (“LBG”), providing centralised support and expertise to the rest of Finance and the Business.

About this opportunity

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

This role is a 12 month fixed term contract and sits within the Commercial Banking Financial Control and Reporting team within GFS, who are responsible for financial control activity for the Commercial Banking division (“CB”) such as income recognition, reconciliation and substantiation of financial data, guardianship of the ledger and ensuring risk are appropriately raised and resolved.

We are looking for an enthusiastic and hardworking candidate to lead a Finance team responsible for extracting commercial deposit, overdraft and trade data from underlying source systems, its recognition in the ledger, its substantiation and reconciliation and other financial control processes.

Day to day, you will:

  • Lead the operations of the team including managing capacity, ensuring daily and regular deadlines are met, handling reconciliation issues and working with the wider Financial Control team to ensure that:

  • processes work efficiently and in controlled manner

  • the financial control framework owned and operated by the team mitigates inherent risks in the processes

  • the ledger is complete and accurate

  • Run month end processes, including the monthly balance sheet reconciliation and substantiation process, including “Integrity” certification and the assurance of the ledger at month end;

  • Own the reporting and resolution of any control issues or balance sheet breaks and ensuring action plans are closed in an appropriate and timely manner;

  • Understand the economics and accounting for some of the more complex CB transactions (including their recognition under IFRS 9)

  • Manage and coaching colleagues, both as line manager and performance manager;

  • Production and presentation of certain metrics and other reporting for risk and governance forums

  • Work with Finance Platform, and other Change teams to ensure that Financial Control matters are considered in LBG’s Transformation project, including running the ongoing change impact on source system reconciliations;

  • Develop personal capabilities using existing formal and informal training opportunities, while also coaching others as required;

  • Proactively identifying improvements to existing processes, systems and procedures, including the running of debrief meetings and driving continuous improvement initiatives;

  • Guide the team to the eventual successful adoption of the new Oracle ledger

Why Lloyds Banking Group?

At LBG, we have a clear purpose; to help Britain prosper and to become the best Financial Services provider for our customers. Through our brands, our Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses and play a key role in helping to build a growing UK economy.

What you’ll need:

  • Accountancy qualification – ICAS (or equivalent), ACCA or CIMA

  • Passion for Financial control and a questioning mentality;

  • Good analytical skills

  • Experience of managing a team;

  • Strong stakeholder management

  • Desire to adopt and emulate LBG’s Grow With Purpose ethos

Any experience of these would be really useful

  • Financial services experience

  • Strong risk awareness

  • LBG systems knowledge or knowledge of loan systems in other Financial services organisations

We also offer a wide-ranging benefits package, which includes:

  • A generous pension contribution of up to 15%

  • An annual performance-related bonus

  • Share schemes including free shares

  • Benefits you can adapt to your lifestyle, such as discounted shopping

  • 30 days’ holiday, with bank holidays on top

  • A range of wellbeing initiatives and generous parental leave policies

Ready for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more.

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