Manager - GCT Business Transformation

Location
London
Salary
£63135 - £70150 per annum + benefits
Posted
07 Aug 2019
Closes
26 Aug 2019
Ref
023154
Hours
Full Time
Contract Type
Permanent

We support agile working.

At Lloyds Banking Group, we have a clear purpose; to help Britain prosper and to become the best bank for our customers. What we do makes a genuine difference to families, businesses and communities and we are playing a central role in creating a thriving UK economy.

You'll be joining our Group Corporate Treasury (GCT) function, which performs the core Treasury function of arranging funding, liquidity and capital for the whole Lloyds Banking Group.

What will you be doing?

Your role will be within the Business Transformation team, part of GCT Control and Transformation. This team is responsible for delivering the financial reporting aspects and partnering to GCT desks for 'one off complex transactions', ensuring the appropriate governance and sign off is completed by various stakeholders around the Group.

Initially, your primary focus will be on 'one off complex transactions' with key accountabilities including:

  • Reporting the statutory and management accounting impacts of the transaction on the Group, both from a day 1 and ongoing basis

  • Analysing the hedge accounting impact of the transaction on the Group, including the impact on capacity on the existing hedge accounting models

  • Reporting and understanding the legal entity impact of the transaction

  • Ensuring from a governance perspective that issues are highlighted to key stakeholders on a timely basis through the complex transaction review process and escalated appropriately

  • Ensuring completeness of sign off from the various stakeholders.

Over time you'll also start to assist in providing full facilitation of business process reviews to GCT teams, utilising the LEAN principles and following the DMAIC framework. You'll be completing comprehensive reviews and providing implementation road map packs for senior sponsors, to help identify 'waste' and improvement opportunities. You'll help drive the continuous improvement culture, assisting with LEAN training and drive GCT Operational Excellence initiatives.

This role requires real technical expertise but isn't driven by the usual month or year-end reporting cycle. The analysis you undertake into one off complex transactions will be high profile, involve significant stakeholder interaction and your day to day role will benefit from a real breadth and variety - particularly once you begin the LEAN process review activity.

What can you bring to the role?

It's essential that you're a Qualified Accountant (ACA, ACCA, CIMA) with post qualification experience gained within a Treasury function. Industry background is less important than your ability to demonstrate an in-depth knowledge and understanding of the purpose of a Group Treasury function within a Bank, the different hedging strategies executed by a Group Treasury function, the impact one off complex transactions have on the financial position and the regulations relevant to our industry, such as IAS39.

You'll also need to demonstrate your knowledge of banking products and the accounting of financial instruments (interest rate derivatives) and have the commercial acumen to get behind the numbers to understand the economic and business rationale for completing a transaction, and be able to explain the financial impact of the transaction on the Group e.g. hedge accounting impacts.

Whilst Hedge Accounting experience would be useful, it is not essential, and the same goes for previous experience of the LEAN / DMAIC framework. As you'll be managing the relationship with the front office, you must have excellent communication skills, be adept at using Excel and PowerPoint to give stakeholder presentations and be confident in understanding and simplifying complex business issues. You'll also need a controls focused and continuous improvement mindset, combined with a collaborative and business partnering approach.

It is a very exciting time to join LBG. Together we'll continue our market leading, ground breaking transformation and you'll help us realise the Group's vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.

And in return?

We can offer you a real opportunity to develop your Treasury skills and experience. We're passionate about diversity in the workplace and support agile working - we're open to discussing a variety of working styles and options to suit both you and the business.

In addition to the salary quoted, the position also offers:

  • Discretionary Performance Share Award

  • Generous pension contribution

  • A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)

  • Private health cover

  • Share schemes

  • 30 days holiday plus bank holidays

You'll enjoy our total dedication to your ongoing personal and professional development. So if you have the skills we're looking for, we'd love to hear from you. We'll help you perform at your best today, so you can fulfil all your potential in the future. We know that success is built from the inside out through our people. Our customers' experience and success starts with yours.

Lloyds Banking Group is committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We're an equal opportunity employer and deeply value diversity within our organisation.

Did you know we've won awards?

We've gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women.

 

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