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Group Finance Director

Employer
Tenet
Location
Homeworking
Salary
+ Executive Benefits Package
Closing date
19 May 2021

View more

Sector
Financial Services
Responsibilities
Executive Management
Position/Level
CFO
Contract Type
Permanent
Language
English

Parkinson Lee Executive Search are the retained partner to Tenet in the appointment of a Group FD.

Employing around 280 people, and with a turnover of circa £160 Million, Tenet is the fourth largest independent investment advisor support network in the UK, and the largest UK Whole of Market Operator.

The business has gone through a period of significant re-organisation and alignment over the last 18 months and now operates across three services lines.

Tenet Network Services (TNS) supports a network of approximately 1250 advisors across the UK. In addition, Tenet Compliance Services (TCS) provides services to c.180 directly authorised firms. Lastly, Tenet & You (T&Y) is a financial advisory business with employed advisors with approximately £600m assets under management.

Tenet have a highly engaged, experienced & successful leadership team in place and a clearly defined strategy which is currently being executed. The business is poised for significant investment and substantial exponential growth both organically, and via acquisition, over the next 3-5 years.

The current Group Finance Director is emigrating overseas which means an opportunity now exists for a new Group Finance Director to join the board.
Reporting to and working closely with the CEO and wider executive team, you will contribute to the creation of a sound and appropriate corporate culture whilst also contributing to the successful delivery of planned results, both operationally and financially.

Leading a team of 42 across Finance and IT, you will deliver effective strategic direction and operational efficiency in relation to:

*Group strategic plan
*Corporate Development
*Shareholder and Stakeholder relations
*Achievement of financial and operational plans

Key accountabilities will include:
*Responsibility for the firm's performance of its obligations under the FCA's Senior
Managers Regime
*Overall responsibility for the firm's compliance to financial standards
*Group strategy and implementation
*Business Continuity Planning
*Corporate Planning / Development
*Financial Planning and Performance of the Group
*Financial reporting and statutory accounting for the Group
*Regulatory capital reporting
*IT Strategy & Cyber Security oversight
*Member support and payment services oversight
*Effective management and oversight of Support Functions
*Management of liquidity position
*Taxation calculation and payment
*Effective Executive and Stakeholder management
*Budget management

The successful candidate will be a qualified Finance Executive with previous experience of operating in a number 1 finance position within a regulated environment. We are looking for individuals with confidence, energy and drive, and someone that will put the needs of the overall business above their individual responsibilities.

Skills required include:

*Experience of working within the UK financial services sector
*Board Level experience within an SME or senior manager within a large organisation
*Qualified Accountant (ACCA/CIMA/ICAEW) any additional qualifications (ACII / FCII)
would be highly desirable
*Business Financial management and Operational management experience
*Strategic planning and implementation experience
*Experience of general staff management and managing teams to achieve regulatory
outputs, procedures and measures
*Experience of Life Investment Fund Industries, mortgage, financial and prudential
regulations would be advantageous

The ideal candidate will be based within commutable distance of Tenet's Leeds Head Office; however we would also consider applications from individuals willing to spend 2-3 days a week in Leeds and live further afield.

This is an outstanding career opportunity which will play a pivotal role in the continued success and substantial growth of the business. For a confidential discussion or to express your interest, please do not hesitate to contact Lee Bhandal at Parkinson Lee on 07590 529274, or alternatively email him at

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