Current Opportunities

Good is not enough, our client strives to be excellent in all they do.

Head of Fund Financial Reporting

Immediate Start - Full Time London City

Our client believes in diversity because it is the right thing to do, because it makes them a better place to work and it makes them a better business. They pride themselves on the quality of their people. They seek to attract and retain the best people, and to ensure everyone has the opportunity to reach their full potential. They have asked us to find female candidates for the a Head of Fund Financial Reporting role. 

Purpose of the role

The Middle Office is primarily responsible for the accuracy of the official financial records of the funds to support the NAV production process as well as the integrity of the investment book of records (IBOR) maintained internally. The London based team support 4 businesses and include Product Control & Accounting functions with business aligned Middle Office heads responsible for supporting front office driven change across all of Operations.

The Head of Fund Financial Reporting is a newly created leadership role in London reporting to the Head of Middle Office. The individual will be responsible primarily for the oversight of the production of the fund’s audited financial statements as well as other fund financial reporting obligations.

Specific responsibilities

Establishment of model with in the Middle Office

  • Transition the function from offshore office to London and establish the Financial Reporting function within the Middle Office team
  • Challenge the existing model and re-define roles and responsibilities of individuals involved in the Financial Reporting process as appropriate

Manage the banks fund relationships with audit firm(s)

  • Agreement of global engagement terms, co-ordination of audit planning, negotiation and authorisation of audit fees
  • Seek continuous improvement in the process driven by periodic debrief sessions with fund administrators and auditors
  • Drive, lead and participate in all audit driven initiatives and assignments
  • Identify, interpret, challenge and advise on the implication to fund audit of upcoming changes to the accounting landscape
  • Point of contact for all fund audit related issues

Manage the oversight of financial statement preparation and fund audit

  • Lead the oversight from a technical accounting perspective alongside managing the review process being performed by other bank teams and in particular the broader Middle Office
  • Present to fund Board of Directors on audit progress and explain/clarify issues identified
  • Oversee the co-ordination of Board review and sign off, fund administrators
  • Oversee outsourced relationships with providers of services to the financial statement review process
  • Provide support and take an active leadership role across broader Middle Office group and PCO as appropriate
  • Solutions focus to ensure adaptability of function to support change and manage operational risk for increased complexity
  • Support and engage on broader initiatives impacting the operations of the Financial Reporting function

Key competencies

  • Technical accounting professional essential with relevant accountancy qualification
  • Prior experience in audit essential
  • Detailed understanding/comprehension of IFRS and US GAAP in context of financial statement preparation essential.  Ability to apply to investment funds strongly preferred
  • Prior exposure to the review of fund financial statements strongly preferred
  • Broader understanding of fund accounting, product control and/or other middle office functions preferred
  • Strong focus on management of operational risk
  • Relationship management skills and articulate to both senior internal stakeholders, fund boards and clients
  • Ability to work under pressure, prioritise own workload and meet tight deadlines
  • Excellent communication, co-ordination skills and experience in collaborative change management environment
  • Strong team player, but also self-directed and able to take initiative

Back to opportunities