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Head Of Finance

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

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
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.

Finance:

* 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

* Experience of working within Financial Services

* Experience of dealing with Client money

* Experience of managing and mentoring a team
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