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Head Of Finance

Sovereign Recruitment Solutions
London, United Kingdom
Competitive Salary
Closing date
Nov 25, 2022

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Job Role
Contract Type
Full Time
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Head of Finance

My client is a Forex & CFD Brokerage regulated in multiple global jurisdictions.

This role requires the individual to lead the Client Money and Finance teams. It requires a strong leader who has experience and knowledge of FCA regulation and can effectively streamline complex processes and implement a robust control environment. The individual will be responsible for all aspects of finance across three businesses, two regulated (UK & Offshore) and one support operation (Cyprus).

The business is growing quickly as it expands into a broader range of products and strategies, and it is expected that this individual will form part of the core team that will manage and develop this expansion.


* Maintain rigorous control over costs

* Construct and monitor reliable financial control systems

* Support the control and reporting of Company initiatives and projects

* Review and submission of FCA regulatory returns as required and monitoring of regulatory capital requirement on an ongoing basis

* Ensure regulatory requirements of all statutory bodies are met regarding all the Company’s financial affairs, including FCA reporting and managing Company policies regarding regulatory capital requirements.

* Processing the monthly payments for payroll on a timely basis

* Maintain relationship with external auditors – managing their requests and ensuring that all relevant information is made available to them, investigating any recommendations and/or findings

* Maintain and enhance the Company’s finance policies

* Ensure record keeping and procedures comply with regulatory requirements- auditors, government agencies and FCA inclusive.

* Prepare, maintain and submit for annual approval the company’s ICAAP; ILAA and the Pillar 3 disclosures

Client Money:

* To review and approve the reconciliations for all client money in and out of the Company

* If any regulatory breaches were to occur ensure the root cause is identified, the breach is correctly documented, and measures are put in place to prevent a repeat breach

* Ensuring that there are adequate controls around client money to ensure there is no misappropriation

* To Chair the monthly CASS Committee and produce appropriate and timely MI

* To be responsible for all procedures and policies and ensuring these are kept up to date

* To report any suspicions of market abuse (including any suspicion of insider dealing) to Compliance.

* Reporting of any suspicion of money laundering, terrorism financing or any criminal activity to the MLRO.

* Review and submit the monthly CMAR return

* Responsible for the annual CASS audit

Skills and competencies

* Attention to detail

* Confident

* Proficient in Excel

* Leader

* Proficient in both oral and written communication

* Good organisational and time management skills


* Experience of working within Financial Services

* Experience of dealing with Client money

* Experience of managing and mentoring a team
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