Finance Manager - Statistical Reporting

This review provides an insightful overview of the Finance Manager - Statistical Reporting (12-month secondment/FTC) position at Lloyds Banking Group, offering valuable guidance for prospective candidates.

Opportunity Overview:

This 12-month fixed-term contract or secondment offers a significant opportunity for a skilled finance professional to contribute to a critical function within Lloyds Banking Group. The role is based in Edinburgh, with a hybrid working model that requires a minimum of two days per week (or 40%) in the office. The salary range for this position is £65,385 - £72,650.

Key Responsibilities and Impact:

• Regulatory Reporting Excellence: You will be instrumental in the preparation and submission of consolidated Bank of England (BofE) Statistical Returns, as well as FCA / PRA Regulatory and Retail Regulatory returns to UK Finance. This involves working across three main banking entities and Bank Holding Companies within the Group.
• Control Framework and Governance: A core aspect of this role is ensuring that returns are delivered accurately and on time, operating within a robust control framework. You will provide effective managerial oversight of processes and controls, driving a strong risk and control environment.
• Change Management and Project Support: You will assist in impacting regulatory changes on reporting processes and support complex group-wide projects to maintain seamless delivery to regulators.
• Stakeholder Engagement and Process Improvement: Building and maintaining strong relationships with key stakeholders is crucial. The role also emphasizes leading and supporting process improvement initiatives, both within your team and across wider departments.
• Professional Development: This position offers avenues for personal growth through continuous learning and development opportunities. You will also be responsible for developing the capabilities of your direct reports, sharing your specialized expertise through training and coaching.

Advantages for Candidates:

• Career Advancement: This role provides excellent exposure to high-level regulatory reporting and a chance to develop significant expertise in a vital area of financial services. The temporary nature of the contract can be a strategic stepping stone for career progression.
• Flexible Working: Lloyds Banking Group is committed to flexible working. Candidates will benefit from a hybrid model, offering a balance between in-office collaboration and remote work.
• Impactful Role: You will be part of a team responsible for ensuring the compliance and integrity of critical financial reporting, directly contributing to the stability and reputation of a major financial institution.
• Diverse and Inclusive Environment: Lloyds Banking Group champions inclusivity and diversity. Candidates will join an organisation that actively promotes equality and provides support for all employees, including workplace adjustments for those with disabilities.
• Comprehensive Benefits: Beyond the salary, the role comes with a competitive benefits package, including a generous pension contribution, annual performance-related bonus, share schemes, and various wellbeing initiatives and generous parental leave.

Key Considerations for Career Path:

• Secondment/FTC Nature: Candidates should be aware that this is a 12-month secondment or fixed-term contract. While offering valuable experience, it's important to consider how this aligns with your long-term career objectives.
• Financial Services Sector Experience: While not explicitly mandatory, previous experience within the financial services sector is highly preferred, as is being a qualified accountant (ICAS/ACCA/CIMA or equivalent). Candidates with strong foundational accounting skills and a desire to specialize in regulatory reporting will find this role particularly rewarding.
• Analytical and Technical Skills: Strong Excel skills are a must, given the nature of statistical reporting. The ability to analyze data, manage controls, and drive process improvements will be key to success.
• Stakeholder Management: The ability to build and maintain relationships with various internal and external stakeholders is paramount. Strong communication and interpersonal skills will be essential for navigating this aspect of the role.

This Finance Manager position represents a compelling opportunity for a driven finance professional to make a tangible impact within a leading financial institution. It offers a dynamic work environment, opportunities for skill enhancement, and the chance to contribute to critical regulatory functions, all within a supportive and inclusive culture.