This inclusive employer is a member of myGwork – the largest global platform for the LGBTQ business community. End Date Wednesday 10 July 2024 Salary Range £42,120 - £46,800 We support flexible working – click here for more information on flexible working options Flexible Working Options Other Agile Working Arrangements / Open to Discussion Job Description Summary. Job Description JOB TITLE: Investments Subsidiary Control & Reporting Assistant Manager - 12 MONTH FTC SALARY: £42,120 - £46,800 LOCATION(S): Edinburgh HOURS: Full time WORKING PATTERN: Hybrid, 40% (or two days) in an our Edinburgh office About this opportunity An exciting opportunity to join a fast-paced finance function at Lloyds Banking Group (LBG) has arisen. A small but tight knit team, Product Control is a key interface between the activity undertaken by the Treasury desks and the financials reported in the general ledger. It is our role to verify, translate and explain ‘accounting’ data to support our Finance partners to report effectively. Special Purpose Vehicles (SPV’s) play a vital role in supporting LBG. SPV’s are utilised for: Significant Risk Transfers (SRT’s). SRT’s are used to reduce the Risk Weighted Assets (RWA’s) of a Division by selling them to the SPV and thus “de-recognise” them on the balance sheet. This reduces RWA's of the Division where the assets originally resided and support the Groups capital consumption. Retail Lending – SPV’s where the underlying assets are Retail Mortgages (High Loan to Value, LTV). We securitise existing High LTV (85/95%) mortgages to provide headroom to the Retail Division to increase their lending capability. Pension Assets – SPV’s also support contingent asset requirements for various pension schemes across the Group. Day to day you’ll be; Supporting the Securitisation Desk and actively participate in new, complex transactions, providing supporting information to partners as and when required. Taking ownership and preparation of weekly P&L production, reconciliations, explaining 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. Producing the annual statutory accounts for the SPV's of the Group. About us If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose. What you’ll need Recently qualified accountant with Statutory reporting 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. And any experience of these would be really useful Actively demonstrate core Lloyds Banking Group values and behaviours Ability to 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. Establishing and building relationships with partners to support the provision of quality and timely information and analysis to advise business decisions. Participating in Resource Sharing, demonstrating collaboration and teamwork across the department, support and drive continuous improvement in behaviours and processes. 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 bonus award, subject to Group performance Share schemes including free shares Benefits you can adapt to your lifestyle, such as discounted shopping 28 days’ holiday, with bank holidays on top A range of wellbeing initiatives and generous parental leave policies Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey. 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.