Banking & Capital Markets Finance Leader – Assurance
Our London based Banking & Capital Markets (“B&CM”) Assurance business generates annual revenues of c.£150m and employs over 700 people. It provides statutory audit, internal audit, risk assurance (including technology and regulatory) services to a range of multinational businesses operating in the banking and capital markets industries.
Working directly with the B&CM Assurance business unit leader and finance partner, the individual in this role will provide commercially focused solutions and insight in support of the business unit’s financial strategy. The individual will participate in local leadership meetings to provide support (and where appropriate, challenge) to the business from a financial perspective. The individual will work in close partnership with the finance centres of excellence and representatives of other functional services to support business units’ decision making. The individual will draw on commercial and technical knowledge, and excellent interpersonal skills to drive, influence and challenge the business to achieve short and long term financial objectives.
Direct: Director of Finance, Assurance
Indirect: Assurance B&CM Business Unit Leader, Assurance B&CM Finance Partner
Leads a team of 3 finance staff
Commercially minded with a good understanding of PwC’s business model
Strong analytical skills and the ability to communicate with impact - both written and verbal
People management skills with a focus on career development for both self and other team members
A strong relationship builder with a reputation for integrity and evoking trust and openness in partners, client facing staff and support staff alike
Committed to developing mutually supportive relationships with the wider finance team and able to effectively utilise the expertise available. Recognises the importance of interacting and networking with peers to ensure an open and steady flow of information
Action orientated, with a focus on continuous improvement in all areas of work.
Demonstrates high energy and productivity, and able to deliver quality results with a challenging but positive and influencing style
A change manager with gravitas and credibility to influence at a senior level within the organisation
Performance management & improvement
Is responsible for providing commentary and interpretation of the monthly financial results to the Assurance business unit leader, market leaders and office senior partners. Able to interpret, communicate, narrate and draw management attention to the commercial implications of business performance, succinctly and with impact.
Monitors performance of the financial scorecard metrics while understanding the relationship / behaviours of the non financial metrics. Employs strong business analysis skills to explore opportunities to identify underlying business issues from financial data and trends. Proposes, discusses and agrees actions with the Assurance business unit leader and leads/supports implementation of any actions to address areas of poor performance. In doing so provides constructive challenge.
Of a more specific nature, is responsible for:
Driving a focus on client profitability and selectivity.
Seeking profit/margin improvement opportunities and leading local business units implementation of firmwide or LoS specific financial performance improvement initiatives.
Taking steps to influence business unit billing and cash collection performance, and supplementing target performance reports prepared by the MI centre of excellence with appropriate commentary.
Working closely with Resourcing functions to provide input into the development of local business unit manpower plans including reward, recruitment and mobility strategies.
Offering general pricing support to local business unit engagements
Providing business analysis support and financial information provision of an ad hoc nature, employing expertise of the MI centre of excellence if appropriate
Business strategy & strategic planning
Works closely with other functional representatives to provide input into the preparation of the financial aspects of the business plan. Helps identify, develop and prioritise delivery of the firm’s strategic and operational financial objectives within the business units, ensuring alignment with the business balanced scorecard.
Budgeting & forecasting
Leads and coordinates preparation of the business units’ annual budgets and forecasts in line with centrally defined guidelines, liaising with and gathering input from all appropriate sources across the business units
Works closely with HC and Resourcing functions to provide input into the development of local BU manpower plans
Financial control & compliance
Works in close partnership with the Financial Control centre of excellence to encourage a culture of strong financial discipline and adoption of one firm financial policies and procedures within the business unit.
Acts as People Manager for some member of the finance team (currently 3), with responsibility for managing individual performance, well-being and career development
Is responsible for managing the workloads of the team and setting the appropriate tone and working environment
Works in partnership with the Finance training team and HC Leader to explore opportunities to improve the commerciality of client facing Partners and Staff
Provides input into the design, and if appropriate, delivery of commercial awareness training.