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Treasury Finance Manager - Securitisation

Apply now Job no: 695492
Work type: Permanent Full Time
Location: England - Newcastle, Scotland - Central Scotland, Remote - work from anywhere within the UK
Categories: Finance&Treasury

Business Unit: Group Finance
Salary range: up to circa £69,000 - £77,000 – negotiable, depending on experience.
Employment Type: Permanent

Give your career some Virgin va-va-voom

Virgin Money is all about disrupting the status quo, taking on the challenges of the future, and saying goodbye to boring banking. We’re on the lookout for like-minded individuals and innovators like you to help push us forward. We’re also transforming how we work to give our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin. 

Here’s what it means for YOU:

  • 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)​
  • Up to five extra paid well-being days per year​
  • A 35-hour working week
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Market leading Pension & Private Medical Insurance
  • Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
  • Ability to work anywhere in the UK​ (where the role allows)

 And you get these Red-Hot Rewards from day one!

We want you to reach your full potential, and we’ll do anything we can to get you there. Developing our own makes great sense – and we know you can make an even bigger difference. Your perfect role awaits…

A Treasury Finance Manager opportunity now exist within our Treasury Finance team reporting to the Treasury Finance Lead Manager.

As a Treasury Finance Manager, you will act as a subject matter expert responsible for securitisation accounting relating to the special purpose vehicles (SPVs) and the Group.  The role involves significant technical knowledge, practical systems ability and communication skills. This is a great opportunity to develop in-depth knowledge and understanding of technical accounting and products. While core systems provide the ability to investigate data and variances, collaboration with SMEs and stakeholders is also required. Continuous improvement of processes, enhancements to the control environment and maximising the efficiency of our systems is key.  

The core role of our Leaders is to deliver the very best performance through their people by keeping our Purpose, Strategic Aims and Values & Behaviours at the heart of all they do whilst developing their team with stretching goals to build capability and ambition.

In a nutshell this role is about:

  • Overseeing the financial accounting and control of Securitisation and Covered Bond Programmes, from source system and deal bookings through to external financial reporting
  • Overseeing the production of SPV financial statements and Group statutory reporting relating to securitisation, including leading relationships with auditors 
  • Providing technical accounting advice on securitisation and covered bond structures and / or restructures, including acting as an SME for related regulatory reporting
  • Providing leadership over a professional team of accountants. Being responsible for nurturing, coaching and monitoring team members, providing pro-active and motivational input into the performance review process.
  • Taking ownership of TMS, Subledger and General Ledger accounting rules and mappings as related to securitisation
  • Acting as the key point of contact for Treasury, Treasury Operations and wider Finance in relation to securitisation related matters  
  • Maintaining awareness of IFRS exposure drafts and guidance notes as related to Treasury funding products and transactions, coordinating policy development and implementation
  • Ensuring documented processes and controls are in place to deliver accurate financial metrics as well as designing and implementing initiatives to improve the financial governance as measured through number of audit findings (internal and external)
  • Sharing knowledge and information proactively with key senior contacts and assisting them in identifying and addressing issues and future requirements
  • Providing insight and support to other Finance and Treasury stakeholders through the development of targeted and high-quality analytics and MI

There are a few essentials you need to bring...

  • ICAS or equivalent qualified
  • Experience in accounting for Securitisation and Covered Bond programmes
  • Experience in explaining complex and technical accounting matters in straightforward terms to a range of stakeholders
  • Thorough IFRS accounting knowledge, specifically in IAS 32, IAS 39, IFRS 7, IFRS 9 and IFRS 13
  • Experience in financial systems change and report development processes
  • Thorough understanding of business processes and controls and audit trail requirements

We’d love you to have...

  • Experience in a wider range of Treasury products such as MTN, AT1 and Sub Debt
  • A general understanding of micro hedge accounting

We really need you to have the skills and experience listed in the ‘essentials’ section above, but the rest is just our wish list, so please don’t let that put you off applying, we’d love to hear from you!Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our careers team at

Now the legal bit…
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.

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