Finance Manager, Product Control

at  Lloyds Banking Group

End Date
Wednesday 31 July 2024
Salary Range
£62,874 - £69,860
We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job Share
Job Description Summary
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Job Description
JOB TITLE: Finance Manager – Product Control, Group Finance Support

SALARY: £62,874-£66,36690

LOCATION(S): Edinburgh
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
About this opportunity
The Product Control team is a control function responsible for the production of daily/weekly P&Ls across Commercial Banking and Treasury products. This includes providing analysis of the P&L at the appropriate level of granularity and ensuring appropriate controls are in place around the completeness, accuracy and presentation of reserves.

The Issuance desk play a vital role in supporting Lloyds Banking Group to fill the equity shortfall and raise funding for the Group by both public and private placement Medium Term Notes. The products you will be expected to report the financials on, include:

• Medium Term Notes
• Covered Bonds
• Eurobonds
• Derivatives – including interest rate swaps and currency swaps
• Money Market Placements and Deposits

You’ll be responsible for reporting the PnL on the EMTN’s within Group Corporate Treasury. Weekly PnL reporting is required.
You’ll have one direct report.

Key Responsibilities:

• Actively demonstrate core Lloyds Banking Group values and behaviours
• Support the implementation of robust processes aligned to business objectives, recommending improvements where appropriate. Minimising operational risks using judgement to determine where issues require partner concern.
• Establish and build relationships with partners to support the provision of quality and timely information and analysis to advise business decisions.
• Participate in Resource Sharing, demonstrating collaboration and teamwork across the department, support and drive continuous improvement in behaviours and processes.
• Ownership and preparation of weekly P&L production, reconciliations, explain market-based commentary, sign offs, issue resolution and partner concern.
• Supporting the month end close processes associated with accurately reporting and independently validating the bank’s balance sheet in a timely manner.

Why Lloyds Banking Group
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What you’ll need

• Qualified accountant with line management experience
• Finance professional with a proven track record gained in a range of roles and/or proven depth of knowledge within their specialism.
• Understanding of relevant business systems, along with practical understanding of financial systems and processes.
• Ability to utilise and manipulate spread sheets, produce formatted charts and use sophisticated formulae and pivot tables.
• Seeking an individual who is comfortable in working in a fast paced & changing environment, able to support delivery of solutions to urgent ad hoc queries and requests from partners.

About working for us
Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Benefits you can adapt to your lifestyle, such as

discounted shopping

• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous

parental leave policies
If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.
At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop.
We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference

The Issuance desk play a vital role in supporting Lloyds Banking Group to fill the equity shortfall and raise funding for the Group by both public and private placement Medium Term Notes. The products you will be expected to report the financials on, include:

• Medium Term Notes
• Covered Bonds
• Eurobonds
• Derivatives – including interest rate swaps and currency swaps
• Money Market Placements and Deposit

Key Responsibilities:

• Actively demonstrate core Lloyds Banking Group values and behaviours
• Support the implementation of robust processes aligned to business objectives, recommending improvements where appropriate. Minimising operational risks using judgement to determine where issues require partner concern.
• Establish and build relationships with partners to support the provision of quality and timely information and analysis to advise business decisions.
• Participate in Resource Sharing, demonstrating collaboration and teamwork across the department, support and drive continuous improvement in behaviours and processes.
• Ownership and preparation of weekly P&L production, reconciliations, explain market-based commentary, sign offs, issue resolution and partner concern.
• Supporting the month end close processes associated with accurately reporting and independently validating the bank’s balance sheet in a timely manner