Head of Finance (Chief Financial Officer)

Overview

Head of Finance (Chief Financial Officer) Jobs in Madrid, Community of Madrid, Spain at Linares Abogados

Title: Head of Finance (Chief Financial Officer)

Company: Linares Abogados

Location: Madrid, Community of Madrid, Spain

Please note that Linares Abogados is handling the following application on behalf of a company in the process of obtaining CASP authorisation.

The Head of Finance (Chief Financial Officer) will be responsible for managing a CASP financial operations and supporting the financial soundness, stability and growth of the institution. The role is key to ensuring that a CASP maintains an effective financial management and control framework.

This position will oversee the finance function, including accounting, budgeting, financial reporting, cash flow management and financial control, while also supporting the institution in meeting its regulatory and statutory obligations. The Chief Financial Officer will play an essential role in ensuring that a CASP has appropriate financial resources, maintains sound financial processes and produces accurate, timely and reliable financial information for management, the Board of Directors and the competent authorities.

Among others, the Head of Finance (Chief Financial Officer) will be responsible for the following duties:

·        Providing strategic financial guidance to support A CASP’s business objectives and ensure that the institution’s financial commitments are properly met.

·        Managing the institution’s financial operations, including accounting, budgeting, expense control and financial planning.

·        Preparing timely and accurate financial statements, management accounts, budgets, forecasts and financial reports in accordance with applicable laws and regulations.

·        Monitoring and managing A CASP’s cash flow and liquidity position to ensure that the institution has adequate financial resources for its operations and growth.

·        Overseeing the institution’s capital planning and monitoring compliance with capital adequacy and own funds requirements applicable to CASPs.

·        Supporting the monitoring of safeguarding requirements and the reconciliation of relevant balances in coordination with the Operations function.

·        Overseeing payment-related financial reconciliations, settlement flows and other finance-related controls relevant to A CASP’s payment services activity.

·        Identifying, assessing and managing financial risks and contributing to the implementation of appropriate financial controls and mitigation measures.

·        Ensuring compliance with applicable financial, accounting and regulatory requirements.

·        Preparing reports for senior management, the Board of Directors and, where required, the competent authorities in relation to financial performance, financial resources and financial risks.

·        Managing relationships with banks, payment partners, external auditors and other relevant stakeholders on financial matters.

·        Coordinating statutory audits and supporting internal and external review processes relating to the finance function.

·        Supporting the institution in maintaining accurate books and records and ensuring appropriate retention of accounting and financial documentation.

SPECIFIC AREAS OF RESPONSIBILITY:

A. Financial Management

a)      Managing the Entity’s financial operations and contributing to its financial stability and long-term growth.

b)      Preparing and controlling the annual budget and monitoring financial performance against business plans.

c)      Monitoring cash flow, liquidity and expenditure to ensure that the Entity can meet its operational and regulatory obligations.

d)      Identifying financial risks and opportunities and proposing appropriate actions to management.

B. Risk Management

a)      Overseeing the Entity’s accounting function and ensuring the accuracy and completeness of accounting records.

b)      Preparing financial statements, management accounts and other financial reports in accordance with applicable legal and regulatory requirements.

c)      Ensuring that financial information is prepared on a timely, accurate and reliable basis for senior management, the Board of Directors and the competent authorities.

d)      Coordinating with external auditors and supporting statutory and financial audit processes.

C. Payments, Crypto, Safeguarding and Capital Adequacy

a)      Monitoring the financial aspects of payment services activity, including reconciliations, settlement flows and other relevant finance controls.

b)      Supporting the supervision of safeguarding arrangements and reconciliation processes relating to clients’ funds, in coordination with the relevant operational areas.

c)      Monitoring capital adequacy, own funds and other financial resource requirements applicable to the Entity.

d)      Contributing to the preparation of reports and analyses relating to solvency, liquidity and the adequacy of financial resources.

D. Governance and Regulatory Compliance

a)      Ensuring compliance with applicable accounting, financial and regulatory requirements relevant to the Entity.

b)      Supporting the preparation of information and responses requested by supervisory authorities and other relevant stakeholders on financial matters.

c)      Presenting financial reports, recommendations and proposals to senior management and the Board of Directors.

CANDIDATE PROFILE

·        At least 5 years of relevant professional experience in finance, accounting, financial control or similar roles within regulated financial institutions, including experience in payment services, electronic money institutions, banks, crypto entities, fintech or similar regulated environments.

·        Proven experience in managing accounting and financial reporting functions within financial institutions.

·        Demonstrable experience in budgeting, cash flow management, financial planning and expense control.

·        Experience in preparing financial statements, management accounts and regulatory or statutory financial reporting.

·        Practical experience in capital adequacy, own funds monitoring, liquidity management and financial resource planning will be highly valued.

·        Experience in payment-related reconciliations, settlement processes, safeguarding-related controls or similar finance activities in regulated payment services environments will be highly valued.

·        Experience in dealing with external auditors, financial institutions, payment partners and other relevant stakeholders on financial matters.

·        Strong knowledge of accounting and financial reporting requirements applicable to regulated financial institutions.

·        Strong knowledge of the financial and regulatory framework applicable to crypto entities and payment services providers.

·        Good understanding of internal controls, financial risk management and governance arrangements within regulated financial services firms.

·        Ability to analyse financial and regulatory information and translate it into clear reports, controls and management actions.

·        Strong drafting and reporting skills, with the ability to prepare clear and reliable financial information for management and governing bodies.

·        Excellent written and verbal communication skills, with the ability to interact effectively with senior management, the Board of Directors, auditors, banks, payment partners and regulators.

·        Strong analytical skills, sound judgement, attention to detail and a high degree of reliability.

·        University degree in Accounting, Finance, Economics, Business Administration or another relevant discipline.

·        Additional training or certifications in Accounting, Finance, Audit, Financial Control or Financial Regulation will be highly valued.

·        Residence in Spain.

·        Full professional proficiency in English and Spanish, both written and spoken.