Financial Analyst
Posted 2 days ago by KennedyPearce Consulting
£25 Per hour
Undetermined
Undetermined
City Of London, England, United Kingdom
Summary: The role of Financial Analyst involves supporting senior financial staff at an International Bank in the UK, focusing on financial control duties such as reporting and governance. The analyst will prepare and validate data for supervisory submissions, enhance reporting processes, and drive improvements in controls and automation. This position requires strong analytical skills and collaboration with various departments to ensure compliance and efficiency. The role is essential for maintaining the integrity of financial information and supporting the overall financial governance framework.
Key Responsibilities:
- Preparing and validating underlying data for monthly and quarterly Supervisory Submissions.
- Participating in projects to enhance Supervisory Reporting processes using third-party software.
- Maintaining and updating procedures for Supervisory Submissions and reporting software.
- Preparing monthly Variance Analysis for queries from the Local Regulatory Authority.
- Driving continuous improvement, updates, and automation of controls and processes.
- Producing and submitting Local and National Supervisory Authority submissions monthly.
- Reviewing and improving governance and control processes.
- Supporting the implementation of new systems and technology.
Key Skills:
- Strong data analytical and IT skills, especially in MS Office (Pivot Tables, VBA, scripting).
- Excellent communication, interpersonal, and problem-solving skills.
- Minimum 2 years’ experience in banking/financial services performing regulatory and control activities.
- Experience with specialised regulatory reporting systems is preferred.
- Part-qualified accounting professionals (ACA/CIMA/ACCA preferred).
Salary (Rate): £25.00/hr
City: City Of London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Finance
Contract Role Description – Financial Analyst
Our Client, an International Bank, requires an interim Financial Analyst to support senior UK Financial staff, particularly the UK Head of Management Information & Financial Governance, in executing local and Group financial control duties, including financial reporting, supervisory reporting, governance, and controls.
Key responsibilities include:
- Preparing and validating underlying data for monthly and quarterly Supervisory Submissions, ensuring accuracy, full support, and timely delivery.
- Participating in projects to enhance Supervisory Reporting processes using third-party software, collaborating with offshore IT for improved source data.
- Maintaining and updating procedures for Supervisory Submissions and reporting software.
- Preparing monthly Variance Analysis to address movement queries from the Local Regulatory Authority.
- Driving continuous improvement, updates, and automation of controls and processes.
Key Accountabilities
- Proficient in data manipulation tools (e.g., Pivot Tables) and understanding end-to-end data flow from core banking systems to reporting outputs.
- Prepare accurate, timely, and fully supported data for Supervisory Submissions.
- Keep management informed of developments and issues, fostering a “no surprises” culture.
- Execute efficiency improvements for the role and wider department, including task automation.
- Anticipate and plan for potential future issues impacting UK Finance.
- Share knowledge to strengthen the overall control environment.
- Support other departments in achieving branch objectives and ensuring compliance with the Group Financial Governance Framework.
Role Context – Key Deliverables & Activities
Supervisory & Local Tax Reporting
- Produce and submit Local and National Supervisory Authority submissions monthly.
- Maintain and update procedures for compiling submissions, including software enhancements.
- Provide cover for the Specialist Reporting Accountant.
- Resolve queries from internal stakeholders, Group, and Supervisory Authorities.
Controls
- Review and improve governance and control processes.
- Drive timely remediation of gaps and enhance the integrity of UK financial information.
- Monitor internal accounts and analyse internal data.
- Create, update, and test local departmental policies and procedures.
Information Technology
- Support the implementation of new systems and technology, including User Acceptance Testing, training, and business requirement documentation.
- Reconcile substantial data related to system upgrades and testing.
Qualifications & Experience
Essential
- Strong data analytical and IT skills, especially MS Office (Pivot Tables, VBA, scripting).
- Excellent communication, interpersonal, business awareness, problem-solving, and presentation skills.
- Minimum 2 years’ experience in banking/financial services performing regulatory and control activities within a finance function.
Strong Preference
- Experience with specialised regulatory reporting systems.
- Part-qualified accounting professionals (ACA/CIMA/ACCA preferred).
- No requirement for full regulatory training in capital or liquidity reporting for this branch-based role.