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Head of Financial Control

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Investec

18d ago

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance
  • Zürich

AI generated summary

  • You must have a relevant degree, a qualified accountant designation, audit training, extensive financial control experience, IFRS knowledge, and strong leadership skills. Fluency in English is required.
  • You will oversee financial reporting, maintain control processes, ensure regulatory compliance, develop internal controls, provide financial analysis, manage your team, and engage with stakeholders.

Requirements

  • A bachelor's degree in finance, accounting, or a related field. A qualified accountant such as CA, ACCA, or CFA is a necessity.
  • Must have completed training in an audit firm.
  • Extensive experience in financial control, accounting, or audit roles within the banking or financial services industry.
  • In-depth knowledge of IFRS and other relevant accounting standards.
  • Strong understanding of Swiss financial regulations and compliance requirements.
  • Excellent analytical and problem-solving skills, with the ability to identify and address control weaknesses and risks.
  • Strong attention to detail
  • Proficiency in financial analysis and reporting tools.
  • Strong leadership and team management skills.
  • Fluent English. German or French is an added advantage.
  • Excellent communication and stakeholder management abilities.
  • Experience in Wealth Management/Private Banking industry

Responsibilities

  • Financial Reporting: The Head of Financial Control is responsible for overseeing the preparation and submission of accurate and timely financial statements, including balance sheets, income statements and related notes. They ensure compliance with Swiss GAAP, International Financial Reporting Standards (IFRS) and other applicable legal and regulatory requirements.
  • Financial Control Processes: The Head of Financial Control designs, implements, and maintains robust financial control processes and procedures to safeguard the bank's assets, prevent fraud, and ensure compliance with internal policies and external regulations. They establish and monitor key control indicators and perform regular risk assessments to identify control weaknesses and implement appropriate remedial actions.
  • Regulatory Compliance: The Head of Financial Control ensures compliance with relevant regulatory requirements, including those set by the Swiss Financial Market Supervisory Authority (FINMA) and other regulatory bodies. They monitor changes in regulations and accounting standards and implement necessary updates to financial control processes to ensure ongoing compliance.
  • Internal Control Framework: The Head of Financial Control develops and maintains an effective internal control framework, including the design and execution of internal controls. They collaborate with internal audit and risk management functions to identify control gaps, implement control enhancements, and ensure adherence to the bank's risk appetite and tolerance levels.
  • Financial Analysis and Insights: The Head of Financial Control provides financial analysis and insights to senior management and other stakeholders, highlighting key financial trends, risks, and opportunities. They contribute to strategic decision-making by providing accurate and timely financial information and recommendations.
  • Team Management: The Head of Financial Control manages a team of financial control professionals, providing leadership, guidance, and support. They oversee the recruitment, training, and development of team members, ensuring the team has the necessary skills and expertise to perform their roles effectively.
  • Stakeholder Engagement: The Head of Financial Control collaborates with various stakeholders, including Group finance, risk, and compliance teams, external and internal auditors, and regulators. They build strong relationships with these stakeholders to ensure effective communication, coordination, and collaboration in achieving the bank's financial control objectives.

FAQs

What is the role of the Head of Financial Control at Investec?

The Head of Financial Control is responsible for overseeing and managing the financial control function, ensuring the accuracy and integrity of financial reporting, compliance with regulatory requirements, and implementing effective financial control processes.

What are the key responsibilities of the Head of Financial Control?

Key responsibilities include financial reporting, designing and maintaining financial control processes, ensuring regulatory compliance, developing an internal control framework, providing financial analysis and insights, managing a team, and engaging with stakeholders.

What qualifications are required for the Head of Financial Control position?

A bachelor's degree in finance, accounting, or a related field is required, along with a qualified accountant designation (CA, ACCA, CFA). Candidates must have completed training in an audit firm.

What experience is needed for this role?

Extensive experience in financial control, accounting, or audit roles within the banking or financial services industry is required.

What accounting standards should candidates be knowledgeable about?

Candidates should have in-depth knowledge of IFRS and other relevant accounting standards, as well as a strong understanding of Swiss financial regulations and compliance requirements.

Is fluency in languages other than English an advantage?

Yes, fluency in German or French is considered an added advantage for this position.

What working arrangement does Investec offer for this role?

Investec offers a hybrid working arrangement of four days in the office and one day remote work.

What wellbeing benefits does Investec provide?

Investec offers a variety of wellbeing benefits, including a Wellbeing Subsidy, Corporate Gym Membership, Virtual GP access, Peppy Health App, optional private medical and dental insurance.

Are there any monetary benefits provided by Investec?

Yes, Investec provides a non-contributory pension and discretionary bonus as part of its monetary benefits.

How does Investec support diversity and inclusion in the workplace?

Investec fosters a sense of belonging and inclusion, creating an environment where everyone can be themselves, which drives innovation, creativity, and business performance.

Will support be offered during the recruitment process for candidates with disabilities?

Yes, Investec provides assistive technology through Recite Me to help candidates during the application process and encourages individuals with disabilities or neurodivergent needs to seek assistance from the Careers team.

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Finance
Industry
10,001+
Employees
1974
Founded Year

Mission & Purpose

Investec is a company that offers a wide range of financial services, including banking, asset management, and investment solutions. Their ultimate goal is to provide comprehensive financial products and services to individuals, businesses, and institutions, helping them achieve their financial goals and aspirations. Investec's purpose revolves around delivering expert financial guidance, innovative solutions, and personalized support to their clients, aiming to foster financial growth, stability, and prosperity. Through their diverse offerings, Investec seeks to empower clients in managing their finances, making informed investment decisions, and navigating the complexities of the financial landscape.

Benefits

  • Be healthy

    Being healthy means taking care of yourself, your body and your lifestyle holistically. Eating healthily, keeping active, sleeping well and doing what makes you feel your best. You will have access to excellent healthcare choices, including private medical insurance, 24-hour GP access, onsite physiotherapists (in London), wellbeing subsidy, dental plans, income protection and regular eye tests.

  • Be you

    Being you means bringing your whole self to work. Balancing and integrating your personal, family, financial and work life to create greater harmony and connection. To ensure you feel valued and rewarded, we will support you with an attractive salary and bonus scheme. We also offer a generous pension scheme, and independent free pension and mortgage advice. Should the worst happen, we also offer a death-in-service benefit. Also, to support you and your loved ones through the many life stages, we offer generous parental and dependant’s leave policies, and a series of events and activities to help you navigate life changes. Annual leave starts at 25 days and increases the longer you stay with us. We also offer part-time and flexible working options when possible.

  • Be present

    Being present means taking care of your mental wellbeing, so you feel empowered to realise your potential and able to cope with the stresses of life. We have onsite and telephone-based clinical psychologists, as well as a professional and a confidential 24/7 Employee Assistance Programme that is always there to help.

  • Be connected

    Being connected means taking care of and feeling connected to your social wellbeing. It’s a sense of belonging, purpose and relationship in the workplace, your local community and your environment. If you’re passionate about contributing to the community, you’re in the right place. Here you can take up to two paid days a year to work with our community partners. We also arrange fun and meaningful volunteering opportunities throughout the year. You can also join one of the many networks at Investec, such as the award-winning group of environmental champions, Team Green, and our diversity and inclusion networks - Gender Balance, LGBTQ+, Multicultural and YoungMinds. We also recognise the commitment and loyalty of our colleagues with referral schemes and long-service awards.