Job Description and Responsibilities

Job Title: Assistant Manager

Reporting To: Finance & Regulatory

Book keeping

• Month end entries like depreciation, accruals and prepayments entries.
• IFRS9 working – Monthly.
• Making regular payments to the vendors/ service providers.
• GL movement, scrutiny, analysis, review on monthly basis.

Financial management

• Assist in preparation of annual accounts of the Bank, viz balance sheet, income statement and cash flow statement as per IFRS and Indian GAAP.
• Overall oversight of all financial transactions and accountancy matters.
• Financial planning and related ongoing discussions with senior management.

Management accounts

• Produce and review of monthly management accounts along with balance sheet analysis, income analysis, variance analysis, comparative analysis, ratio analysis, KPI, commentary.

Taxation:

• Filing of quarterly VAT return to HMRC.
• Timely payment of Corporation tax and VAT.

Educational qualification: - Accounting and Finance degree is preferrable.

Email your CV to hr@unionbankofindiauk.co.uk

Job Description and Responsibilities

Job Title: Officer- Operations

Department: Operations Department

Reporting Line: Head of Operations

Essential Duties and Responsibilities

Specific:

• Online Deposit-Union premier Bond (UPB)
• E Banking Services
• Complaints Handling
• Customer Service
• SCV Data handling and Reporting

General:

• Adhering to FCA’s Conduct Rules (both Individual and Senior Manager’s Conduct Rules)
• Adhering to FCA's Principles of Business & PRA’s Fundamental Rules.
• Adhering to all systems, controls & Regulatory guidelines.
• Maintain compliance with all policies and procedures of the Bank.

Description of Duties

• Checking the mails in regards to union premier bond and responding all types of requests & queries before EOD.
• Attend all types of customer calls related to UPB.
• Coordinate with the Vendor related to any issues in the UPB website or in the UPB portal.
• Reconciliation of NatWest agency and Nostro related to UPB on daily basis.
• Posting of transactions in Finacle for UPB amount transfer
• Processing of applications in backend portal.
• Daily upload and safekeeping of all the documents received from customers for UPB applications.
• Coordination with the UPB support Vendor for resolving queries.
• UAT testing for new implementation requests or any new validations regarding the same.
• Any other matter related to UPB and as assigned by the department head/line manager.

Internet Banking (IB) –

• E banking Application Processing, User Creations and Handling customers issues.
• Technical issues escalations to IT department, Internet Banking Team in India and Infosys India.
• Handling customer compliant related to Internet Banking
• Any other matter related to IB and as assigned by the department head/line manager.

Complaints Handling-

• Handling of Customer complaints related to UPB and process of resolving and giving resolution as per the regulatory guidelines.
• Handling of Customer complaints related to IB and process of resolving and giving resolution as per the regulatory guidelines.

Treasury Back office-

• Finacle Treasury and Core Primary Bench Strength for Treasury Back office for entering and verifying the deals.
• Generating Settlement diary on daily basis
• Preparation of Daily Reconciliation of Nostro Accounts
• Settlement & verification of deals in Finacle treasury
• Any other matter related to Treasury Backoffice and as assigned by the department head/line manager.

Single Customer View (SCV)-

• Periodical SCV data reconciliation and Audit Verifications.
• Rectifications of errors in Finacle accounts relating UPB.
• Reporting trouble shooting to IT department for DIT support.
• Any other matter related to SCV and as assigned by the department head/line manager.

Other Duties and responsibility:

• Assisting branch operations team, when required.
• Working as Bench strength to Treasury Back office specifically for Finacle core and Treasury operations.
• Primary Bench Strength for Handling UPB accounts handling
• Primary Bench Strength for handing IB and Customer queries
• Any other assignments as and when required and assigned by the Department Head.

Please feel free to send your CV's to hr@unionbankofindiauk.co.uk

Job Description and Responsibilities

Title: Credit Analyst / Senior Credit Analyst

Department: Credit

Reporting Line: Head of Corporate Lending

Essential Duties and responsibilities

Specific: (Including Prescribed responsibilities)

Requirement is for Credit Analyst / Senior Credit Analyst well versed in Corporate Finance / Syndicated loans

• Processing and recommendation of credit proposals including syndicated loans, corporate loans, SME and other business loans to the appropriate authority.
• Support all phases of the transaction cycle starting from deal origination, financial analysis, deal structuring, execution, due diligence, and post completion review/ renewals and follow up.
• Undertake financial analysis to identify all material financial risks and opportunities across a range of lending requests from customers and ensure quality credit underwriting within the Banks risk appetite taking account of counterparty and sector trends.
• Timely processing and recommendation of review/renewal proposals/miscellaneous request/new business and placing before respective authority through proper channel/
• Carrying out internal risk ratings of the borrowers.
• Periodic inspection of borrowers business and projects to ensure adherence to covenants as per sanctioned proposal.
• Participate in transaction meetings with Head Corporate Lending and where appropriate attend client due diligent meetings.
• Proper maintenance and storage of loan documentation and also to ensure the document remains live and valid.
• Covenant compliance – pre as well as post disbursement.
• Following up with customers for necessary papers required for review and renewal of loan accounts and placing before respective committees for approval before due date.
• Preparation and submission of required reports/information for internal and external requirements of the bank and also MIS, both independently and in coordination with the Risk Management Department/Other department.
• Produce regular portfolio reports on exposures, LGDs, asset concentrations, security coverage, performance trends, etc working in conjunction with the Banks vision and business plan.
• General:
  • Maintain compliance with all policies and procedures of the Bank.

Description of Duties

• Mainly responsible for Credit processing and approval
• Timely review and renewal of all credit facilities in stage 1 and 2.
• Monitoring of stage 1 and 2 accounts - which includes undertaking follow ups, meetings, and telephonic talk with prospective and existing customers.

Please feel free to send your CV's to hr@unionbankofindiauk.co.uk

Chief Finance Officer (CFO) - Job Specifications

The Chief Finance Officer (CFO) position is accountable for multiple financial and administrative areas within the Bank. Leading the overall management of finance and regulatory reporting department of the Bank, this includes the development of a financial and operational strategy, metrics tied to that strategy, the ongoing development and monitoring of control systems designed to preserve the Bank assets and report accurate financial results. Further accountable for the accurate reporting of the various regulatory returns applicable to the Bank.

Title: Chief Finance officer

PRA - Senior Management Function: SMF 2 – Chief Finance

PRA Prescribed Responsibilities:

• Responsibility for managing the allocation and maintenance of capital, funding (where applicable) and liquidity (O)
• Responsibility for the production and integrity of the firm’s financial information and its regulatory reporting (Q)

Regulatory Approval Required: Yes

Department: Finance & Regulatory Reporting.

Reporting to: Chief Executive Officer

Direct reports: Head of Finance:

• Deputy Manager – Reg Reporting
• Assistant Manager – Reg Reporting
• Deputy Manager – Finance
• Assistant Manager - Finance

Executive Management: Member of:

• Executive Management Committee (EMC)
• Asset Liability Committee (ALCO)
• Investment Committee (IC)
• Senior Manger Crisis Team (SMCT)

Principal accountabilities are:

Planning:

• Assisting the CEO in formulating the Bank's future direction and supporting tactical initiatives
• Monitor and direct the implementation of strategic Business Plans
• Develop Financial and Tax strategies
• Manage the capital request and budgeting processes
• Monitor, assess and recommend the impairment provision in accordance with IFRS 9
• Develop performance measures and monitoring systems that support the Bank's strategic direction
• Accountable for model management of ICAAP, ILAAP and IFRS9 and its assurance

Operations:

• Participate in key decisions as a member of the executive management team
• Maintain in-depth relations with all members of the management team
• Manage the accounting, regulatory reporting and tax departments
• Oversee the Bank's transaction processing systems
• Implement operational best practices

Financial Information:

• Accountable for the issuance of financial information accurately
• Report financial results to the Board of Directors
• Report financial and management information to ACB.

Regulatory Reporting:

• Oversee the Regulatory reporting function
• Ensure the regulatory reporting to the PRA, FCA and BOE are completed as per the regulatory guidelines and within regulatory prescribed timelines.

Risk Management:

• Understand and mitigate key elements of the Bank's risk profile
• Construct and monitor reliable control systems
• Ensure that the Bank complies with all legal and regulatory reporting requirements
• Ensure that record keeping meets the requirements of auditors and government agencies
• Report risk issues to the audit committee of the board of directors
• Maintain relations with external auditors and investigate their findings and recommendations

Funding:

• Responsibility for managing the allocation and maintenance of capital, funding and liquidity
• Monitor cash balances, available and required liquidity and cash forecasts

Third Party Relationships:

• Maintain banking relationships
• Manage any third parties to which accounting, regulatory reporting, tax, or finance functions have been outsourced

Skills and Competencies required:

• Candidate must have at least a Bachelor’s degree in Finance, Accounting, Business Management, Business Administration.
• Qualified Chartered Account (ACCA) or its equivalent especially ICAEW qualified Chartered Accountant or ICAS (equivalent Scottish qualification) will be preferred
• 5-7 years of Management Experience in Finance role in a UK regulated Bank.
• Should have working knowledge and experience of IFRS 9, other UK statutory accounting requirements for a PIE, PRA, FCA, BoE regulatory reporting
• Excellent Interpersonal Skills with the ability to interact with all levels of staff and management
• Experience of managing key stakeholder relationships, including external auditors
• Proven strong leadership and people management skills with strong abilities to communicate complex issues at board level both orally and in writing
• A reputation for integrity and a broad appreciation of financial and international matters are essential

Please feel free to send your CV's to hr@unionbankofindiauk.co.uk