job / financial controls and compliance manager 4812

Financial Controls & Compliance Manager - Glasgow

up to £50,000 + Group Benefits - Audit & Risk
Ref: 4812 Date Posted: Monday 04 Nov 2019
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Financial Controls & Compliance Manager required for the Group Finance function of this Glasgow corporate

This is a newly created role with a primary focus to provide assurance to management that key financial controls are in place and being operated correctly through a cycle of process reviews and controls testing across not only the Finance function but the Group as a whole. It is a full-spectrum role, with a remit that encompasses both compliance and advisory duties, from assessing, monitoring and reporting on existing controls to providing professional advice and input on major projects / new activities.

The role also has operational responsibility for management of the Group’s insurance arrangements and takes the lead in managing the University’s relationship with its insurance brokers and (if applicable) any direct insurance arrangements.

Primary responsibilities:

Financial Controls

  • Responsible for managing the Group’s financial control framework in order to provide assurance to management whether appropriate financial controls are in place;
  • Responsible for planning and executing a programme of controls testing to check whether financial reporting controls are designed, implemented and operating effectively and to agree remediation plans;
  • To prepare & report key management information to senior management to provide assurance over the performance of financial controls;
  • To manage queries about the financial control environment from within the Group;
  • To provide advice on the financial control implications, setting out requirements / recommendations as appropriate, of new business development and change projects
  • To ensure that the Financial Regulations and supporting policies & procedures are regularly reviewed and updated;
  • To support the development and provision of relevant in-house training resources on matters relating to financial controls, insurance and the Financial Regulations.

Insurance

  • Responsible for ensuring that the Group’s insurance coverage is maintained at levels assessed to be adequate but not excessive;
  • Responsible for ensuring that all insurance policies are renewed in a timely manner and are placed on terms deemed to deliver good value for money;
  • Takes lead responsibility for managing the Group’s relationships with its insurance broker and its insurance companies (where cover is placed directly);
  • Responsible for periodic tendering exercises for both insurance brokers and insurance policies (normally triannual);

You will be a qualified accountant with a minimum of two years PQE within either an internal audit or financial controls environment. You will have demonstrable experience of working with financial accounting processes in a complex financial environment. You will also have demonstrable experience of presenting and explaining financial and other data to both financial and non-financial colleagues;

Salary up to £50,000 + Group Benefits (including enhanced pension).  For further information contact Stuart Ringland on (0141) 530 4333 or email stuart@lusona.co.uk