Business Transformation Manager
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.
Your role will be within the Business Transformation team, part of GCT Finance, Controls and Operations (FCO). This team is responsible for partnering with GCT desks for "one off complex transactions" as well as ensuring the appropriate governance and sign off is completed by various stakeholders around the Group. They also use the Lean framework to facilitate and support GCT teams in completing business process reviews, to ensure processes are effective and efficient at meeting customers' needs.
Initially, your primary focus will be on 'one off complex transactions' with key accountabilities including:
* analysis and reporting of the statutory and management accounting impacts of the transaction on the Group, both from a day1 and ongoing basis
* analysis and reporting of the hedge accounting impact of the transaction on the Group, including the impact on capacity on the existing hedge accounting models
* analysis, 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 advocate 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.
You must be 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 and the key responsibilities of each of the teams in the division, how one-off complex transactions need to be accounted for under IAS39 / IFRS9 and the impact this has on the financial position.
You'll also need to demonstrate your knowledge of banking products and the accounting of financial instruments and derivatives (interest rate/FX), 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. 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.
In return, we can offer you a real opportunity to develop your Treasury skills and experience in a proudly diverse working environment.
So if this sounds like your next career move and you have the skills and background we're looking for, we'd like to hear from you.