Head of Finance and Executive Director Job at Microsoft Corporation (Dublin)

Job Description

The Finance Compliance Director will serve as Head of Finance and Executive Director of a newly created electronic money institution based in Dublin, Ireland. This role will provide effective financial leadership to develop and implement a Finance governance framework, including policies and procedures and roles and responsibilities, to deliver regulated business strategies and manage financial risks effectively. The role will also maintain complete and accurate financial records that properly account for and explain the activities of the business at any point in time, while also ensuring that regulatory requirements for capital and liquidity as a licensed e-money institution are continuously monitored and met.

Job Responsibility

Responsible for preparing and presenting recurring management reporting packs to the senior management team, containing monthly financial KPIs/ratios and strategic performance metrics, comparisons of actuals to plan, detailed commentary and analysis of results highlighting key business points and trends, compliance with regulatory requirements, and escalating items of concern
Ensure the month-end closing procedure is met within standard deadlines, perform regular P&L analysis and reconciliations, ensure the preparation of bi-monthly VAT returns and annual corporate tax computations and prepare annual financial statements including P&L, Balance Sheet and Cash Flow Statement, that comply with International Financial Reporting Standards ("IRFS") and enable the accounts to be readily and properly audited
Ensure all e-money positions are always reconciled and customer funds are held securely in safeguarding accounts at third party banks, including ownership and assurance that payments to Revenue are accurate and timely and appropriate stress tests, recovery and resolution strategy are performed and documented
Assume responsibility as the Designated Safeguarding Officer being PCF-56
Oversee the Finance element of the outsourcing relationship with technology service providers, including tracking and monitoring performance levels against the agreed SLA, ensuring the SLA is up-to-date and aligns with active business requirements and addressing any issues with company senior management
Develop, implement and maintain a financial risk management framework and financial internal control framework to enhance financial operations and identify, quantify and manage financial risks, including but not limited to credit risk exposure management, FX risk exposure management, liquidity risk monitoring and management
Oversee and manage relationships with external auditors, tax advisors and any other financial advisory services, manage the interim and annual audit processes and prioritise and address all audit queries as may arise
Own the budgeting activity of the entity by proactively setting, managing and reviewing the company's annual operating plans and multi-year forecasts and strategic business plans, work closely with functional leadership to set and review annual operating budgets, identify and manage variances from approved budget and manage variances with senior leadership

Requirements

Bachelor's Degree in Finance or related field AND extensive years of finance or financial compliance experience or equivalent experience
Membership of a recognised Irish or international accountancy body: Chartered Accountants Ireland (ACA), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Institute of Certified Public Accountants in Ireland (CPA)
Extensive experience from a high-performance environment within Payment Services along with a successful proven track record in a Finance leadership role in a regulated financial institution in EU
People management experience
Proficient communication and relationship building skills, able to deliver through influence and build trusted relationships with a range of stakeholders
Willing to be granted PCF-11 and PCF-1 roles as established by the Central Bank of Ireland

Nice to have

Master's Degree in finance or related field AND extensive years experience in finance or financial compliance or equivalent experience
Current or prior experience holding a PCF-11 and/or PCF-1 role recognized by the Central Bank of Ireland within a regulated Payment Services entity
Current or prior board membership and/or board committee experience in a financial services company

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Head of Finance and Executive Director

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