Head of Finance

Kroo Bank Ltd; City of Westminster; On-site; GBP 80,000 - 100,000; Full time

Job summary

A forward-thinking financial institution in Westminster is looking for a Head of Finance to enhance their finance capabilities and ensure compliance with all regulatory requirements. This role involves management reporting, financial statement oversight, and coaching finance teams, within a fast-paced startup environment focusing on innovation and integrity.

Benefits

35 total days holiday

3 personal health days

Employer-sponsored volunteer program

Mental health support access

Workplace pension with contributions

Access to learning fund after 1 year

Remote working equipment

Access to a full gym

Cycle to Work scheme

Enhanced parental leave policy

Growth opportunities in a startup

Qualifications

• Experience in financial and regulatory reporting in financial institutions.
• Clear understanding of retail banking and prudential requirements for banks.
• Ability to solve problems with an analytical approach.

Responsibilities

• Refine daily, weekly and monthly management reporting.
• Prepare financial statements and ensure accuracy and completeness.
• Implement automated regulatory reporting framework.
• Manage budgeting and business plan processes.

Skills

Financial reporting development

Retail banking understanding

Analytical problem-solving

Stakeholder management

Team management and coaching

Adaptability in a startup environment

Job description

Responsibilities

• Continue to refine our daily, weekly and monthly management reporting
• Prepare the bank's financial statements and exercise oversight of associated controls to ensure the completeness and accuracy of the financial statements in compliance with appropriate accounting standards
• Implement a robust automated regulatory reporting framework and oversee regulatory reporting
• Maintain the Finance Manual and Financial Risk Management Policy
• Ensure compliance with all relevant regulatory capital and liquidity requirements
• Manage the budgeting and business plan processes and ensure alignment with regular evaluation of the bank's capital and liquidity requirements
• Oversee the bank's tax affairs, ensuring that tax obligations are minimised within the law and good practice and manage compliance with the HMRC Code of Practice on Taxation for Banks
• Ensure appropriate expenditure control is in place and operates effectively
• Liaise with external auditors and ensure that the external audit is carried out effectively
• Ensure that regulatory reporting is complete, accurate and timely
• Oversee Kroo's tax affairs, including VAT, corporation tax filings, FATCA/AEOI filings and ISA returns
• Oversee other finance functions, including purchase ledger, reconciliations and payroll

Qualifications

• You have experience developing and implementing financial and regulatory reporting in financial institutions
• You have a clear understanding of retail banking
• You have good knowledge of the prudential requirements for banks
• You love solving problems and taking an analytical approach
• You've managed, developed and coached finance teams
• You enjoy managing a variety of stakeholders with different needs
• You are adaptable and will enjoy working in a fast paced startup where you are given autonomy and ownership

About Kroo

We're creating the world's most social bank and improving people's relationship with money for good. Our mission is to remove the stress and social awkwardness that money creates, allowing people to freely enjoy their lives in a connected and meaningful way. We're building a bank that's better for customers, their friends, and the planet. Here at Kroo, doing what is right is in our DNA. We act with integrity, transparency and honesty. We think big, dream big, and relentlessly pursue our goals. We like to be bold, break new ground, and we never stop learning. But most importantly, we are on this journey together. We are looking for a Head of Finance to lead on developing and scaling our finance capabilities. You'll report directly to our CFO and work cross-functionally with a variety of teams.

Benefits

• 35 total days holiday (25 annual leave, 8 bank holidays, 1 Kroo bank holiday [June 24th], and 1 day off during the week of your birthday)
• 3 personal health days
• An employer-sponsored volunteer programme (up to 4 hours per month supported by our partner Matchable)
• Access to Spill, our mental health support partner
• A workplace pension, with 5% employee contribution and a 3% employer top off
• After 1 year of service, access to £500 from the Kroo Learning Fund for career-related L&D
• All equipment you need to work remotely effectively, with a MacBook Pro as standard
• Access to our modern, bustling office in Holborn, Central London, includes a full gym
• Access to our Cycle to Work scheme
• Access to our Electric Car scheme
• An enhanced parental leave policy
• Room to grow and excel within a fast-paced, high growth start-up