Job Description

Up to 100,000 plus excellent bonus and benefits
Hybrid Working available (4 days in the office, 1 day WFH)
Due to exciting business growth, our client, a leading international bank based in the heart of central London, is seeking a fully qualified Deputy Head of Financial Control to join their Financial Control Department. his is a pivotal leadership role reporting directly to the Chief Financial Officer. You will step into a position that combines critical operational oversight with a mandate for transformation. You will manage a dedicated team of six finance professionals, leading all core financial operations while simultaneously spearheading key initiatives to modernize our systems and significantly enhance financial controls and efficiency.
Candidates must have experience in Banking and must have UK experience
Duties of the Deputy Head of Financial Control to include:
Financial Leadership & BAU

• Management & Financial Reporting: Oversee the full month-end close cycle, ensuring timely and accurate delivery of Management Information (MI) and financial reports for the Executive Committee and Head Office.
• Regulatory Reporting: Manage all regulatory submissions, including complex Bank of England (BOE), PRA, and Automatic Exchange of Information (AEOI) reporting, ensuring stringent compliance standards are met.
• Planning & Modelling: Play a key supporting role in the annual Budgeting and Financial Planning cycles, utilizing your FP&A and financial modelling expertise.
• Governance: Actively participate in key decision-making forums, including the Operational Risk Management Committee (ORMC), Financial Instrument Valuation Group (FIVG), and the Single-Customer-View Working Group (SCVWG).

Transformation & System Initiatives (Change Agent)

• Efficiency Drives: Lead the implementation of new systems and processes, including supporting a new regulatory reporting system, and streamlining Purchase-to-Pay (supplier invoices/expenses) systems.
• Control Enhancement: Implement an auto-reconciliation tool for bank reconciliations and improve workflow management for the month-end process.
• Strategic Assessment: Assess the current integration of the Core Banking system and Data Warehouse, scoping and implementing process improvements for enhanced financial and regulatory reporting controls.

People Management & Development

• Provide strong, collaborative leadership to the Finance Team (6 reports), adopting a hands-on, roll-up-your-sleeves approach when necessary.
• Empower and Upskill: Be committed to the development and mentoring of the team, fostering a high-performance culture and ensuring team members are actively contributing to problem-solving and efficiency improvements.

Requirements for the successful Deputy Head of Financial Control include:

• Candidates must have Banking and UK experience.

• ACCA or ACA qualified accountant with a minimum of 10 years post-qualification experience in a similar environment.
• Significant experience managing small Finance teams within the banking or financial services industry is mandatory.
• Extensive experience in management/financial reporting, planning, and budgeting, coupled with strong technical accounting knowledge.
• Advanced Excel and numerical skills are essential. Experience with Power BI or other solid visualisation tools is highly desirable.
• Demonstrable ability to set clear expectations, delegate effectively, and encourage a culture of continuous improvement, innovation, and compliance.
• Candidates must be educated to University degree level.

This vacancy is being advertised by Montpellier Resourcing Associates Limited. The services advertised by Montpellier Resourcing Associates Limited are those of an Employment Agency.

Skills Required