Finance Risk Controller

Location: London
Department: Legal and Finance
Employment Type: Full-time

Tide is the leading provider of UK SME business accounts and one of the fastest growing FinTechs in the UK. That’s not an unfounded boast – we have over 120,000 members (what we like to call our customers), over two percent market share, and have raised over £120m in funding.

We’re also one of LinkedIn’s top 10 hottest UK companies to work for, winner of Best Use of Technology (Growth Finance Awards); Best Banking Provider (Contracting Awards); Innovative Product of the Year (Growth Finance Awards) and we’re listed in the Top 100 FinTech Disruptors and The Startups 100. And that’s just for 2019.

Your Team

As a Finance Risk Controller at Tide (fondly referred to as a Tidean, a mighty challenger of the banking world) you’ll join an ambitious team of highly motivated, talented Tideans who love to collaborate, and are driven by helping people achieve their business ambitions. We live and breathe our values, which are to put our members first, work as one team and be data driven, as part of our team, they’ll matter to you too.

As part of this team, you will be helping us to monitor and report on financial risk across our product portfolio. We are scaling and developing our product offering at a phenomenal rate, and as such need someone within the Finance team to take ownership of our risk monitoring process.

You will be responsible for evaluating the performance of our B2B loan book, using data to calculate the level of provision required, and understanding our exposure in other financial risk areas such as fraud. This means aligning closely with other teams, in particular Credit Risk and Fincrime, to understand the risks we are facing at a macro and micro level, and ensure that this is fairly & accurately reflected in our numbers.

You will be responsible for the ongoing reporting of these numbers to Tide’s finance team, and month to month reporting within our board reporting pack. You will also be responsible for providing supporting evidence to our financial auditors, and ensuring that we are following best practice and applying the relevant accounting standards correctly.

Separately, you will also be involved in our treasury function. You will own the preparation and monitoring of our day to day cash position, manage cash inflows and outflows through the approval of payments, and update our rolling weekly direct cash flow forecast.

About You

We’re an international scale up, we’re highly driven and we move quickly! If fast paced environments, cross team exposure, inquisitive freedom and the ability to have a real impact on a rapidly growing scale up appeals to you, then you already have the mind of a Tidean. If you have that along with the following experience, we’d love to hear from you.

The non-negotiables:

  • Experience working in a financial lending business
  • Experience with provisioning models and in particular IFRS9 for volume loan books (consumer, small business)
  • Familiar with accounting entries and disclosure of loan provisions and impairments under FRS102 and IFRS9
  • Experience dealing with the statutory audit of financial services company
  • Confident dealing with senior stakeholders across the business and owning your work with minimal hands-on management
  • Professional finance qualification (ACA / ACCA)
  • 5+ years’ total experience
  • Meticulous attention to detail

The highly desirables:

  • Knowledge of FCA reporting requirements for a B2B lending business
  • Financial modelling capabilities
  • Preparation of management accounts, variance analysis and accompanying commentary
  • Personable, able to build strong working relationships

About Tide

With over 120,000 members, we’re the leading provider of SME business accounts in the UK. Why? Because we’re solving a real world problem by being passionate about helping our members.

SME’s have been underserved and overlooked by traditional banks for years. In an entrepreneurial age where everyone is expected to take a shot, traditional banks have not evolved with the needs of the market. That’s where Tide comes in.

With quick on-boarding, low fees and innovative features, we thrive on making data driven decisions to help SMEs save both time and money.

Here’s what we think about diversity and inclusion…

Diversity is what makes our world interesting. Fact. We don’t build our product for one type of person, Tide is here for everyone. And that’s how we build our teams. We’re a melting pot of different cultures, races, religions, girls who like girls, boys who like boys and those who like both. We’re proud of the fact that we represent society and it will always be our mission to do so. Everyone here is given a voice, and if you like the sound of that, we’d encourage you to come and find your voice here, too.