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Business Transformation Manager

Employer
Hays A&F
Location
England, London
Salary
+ benefits
Closing date
May 30, 2023

View more

Job Role
Treasury
Sector
Banking
Contract Type
Permanent
Hours
Full Time
Level of qualification
CIMA

Job Details

Your new company
has an objective to drive the UK market. What we do makes a genuine difference to families, businesses, and communities as we play a central role in creating a thriving UK economy. Together we will deliver our strategic vision 2022 of being a UK focussed digital leader and integrated financial service provider with our aim to become the best bank for our customers, colleagues, and shareholders.

Your new role
You will be joining our Group Corporate Treasury (GCT) function, with its core purpose of arranging funding, liquidity, and capital as well as managing market risk for the Group. Your role will be within the Business Transformation Team, part of GCT Finance and Reporting. Our purpose is to provide technical accounting guidance, valuable financial insights, and innovative solutions on 'one-off complex transactions', new products, and new business initiatives. We ensure that these are delivered in a governed and timely manner. Alongside this, we encourage and foster a continuous improvement culture throughout GCT.

Initially, your primary focus will be on one-off transactions, new products and new business initiatives with key accountabilities including:

  • Performing feasibility analysis over proposals from the business and collaborating with various teams to design innovative and efficient structures for transactions such as capital debt restructuring, securitisations, mergers, and acquisitions
  • Summarising statutory and management accounting impacts of 'one-off complex transactions' on the Group and at legal entity levels, both on a day one and ongoing basis
  • Analysing the hedge accounting impact of 'one-off complex transactions' and the impact on capacity in existing models
  • Understanding the operational booking approach and any limitations or challenges for new products or initiatives and supporting business SMEs in designing solutions
  • Assessing the level of governance required for the proposals and ensuring that we adhere to Group Minimum Standards
  • Preparing governance papers (including summary documents and detailed accounting analysis, hosting governance meetings to engage key business partners on a timely basis and obtaining approvals to support successful delivery

Over time, you will also provide great guidance and support the facilitation of business process reviews across GCT, utilising LEAN principles and the DMAIC framework. The key activities will include:

  • Completing comprehensive process reviews to help identify 'waste' and improvement opportunities
  • Selecting improvement options, prioritising the initiatives and providing implementation roadmaps for senior sponsors
  • Driving the continuous improvement culture, which may include rolling out LEAN training to colleagues across the department and empowering them to implement operational excellence initiatives

This role requires technical accounting and treasury expertise but is not driven by the usual month or year-end reporting cycle. The analysis you undertake on strategic transactions and initiatives will be extremely high profile, involve significant colleague interaction and your day-to-day role will benefit from a real breadth and variety!

What you'll need to succeed
Some essentials:

  • Accounting Qualification (ACA, ACCA, CIMA) is mandatory
  • Post qualification experience gained within the Treasury space, although industry background is less important
  • Proficiency at using MS Excel and MS PowerPoint
  • An ability to demonstrate in-depth knowledge and understanding of the purpose of a Treasury function within a Bank and the products used (e.g. Interest Rate Swaps, Bonds)
  • An awareness of the different hedging strategies performed by a Treasury function and the concept of hedge accounting more broadly
  • Experience in preparing accounting papers or similar analysis
  • Experience of working in a controlled and governed manner
  • Great collaborative skills
  • Great influencing skills and the ability to explain and present 'complex' concepts in a 'simple to understand' form
  • A commercial and strategic mentality, with the confidence to challenge assumptions
  • An inquisitive personality with a desire to challenge how we do things


Some desirable attributes:

  • Experience of performing financial analysis or modelling
  • An awareness of regulations impacting Treasury
  • Experience of learning or putting the LEAN/DMAIC framework into practise


What you'll get in return
Competitive salary and benefits package.

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk

Company

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