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Financial Calculations Governance Specialist

2 months ago


Farnborough, Hampshire, United Kingdom BMW Group Full time
Job Title: Financial Calculations Governance Specialist

BMW Group Financial Services UK is seeking a highly skilled Financial Calculations Governance Specialist to join their team. This role is based at the Summit ONE Campus in Farnborough.

Job Summary:

The Financial Calculations Governance Specialist will be responsible for leading the management, maintenance, validation, review, implementation, communication, and monitoring of the Calculations Governance Framework for all business calculations related to processes, products, and services at BMW Group Financial Services UK and Ireland (SF1-UK and SF1-UK-IE) in line with the relevant Governance Regulation and FCA Guidelines including Consumer Duty.

Key Responsibilities:
  • Develop and implement an ongoing Governance Framework to ensure the correctness, accuracy, compliance, and financial soundness of all calculations.
  • Map all at BMW Group Financial Services UK and Ireland (SF1-UK and SF1-UK-IE) calculations in line with the newly created Calculations Governance Framework.
  • Provide analysis, validation, and rationale for customer remediation where calculations have not delivered expected and planned customer outcomes in line with regulatory requirements, guidelines, and the governance framework.
  • Actively set out a future roadmap for the approach and resources associated with calculations governance management, collaborating with Business, Process, System and Product Owners to develop a blueprint for Calculations Governance Management.
  • Manage relevant governance relationships and stay up-to-date with new legislation, guidelines, policies, and processes in the automotive, financial, and fleet industries.
  • Be recognized as a Calculations Expert leading BMW Group Financial Services UK and Ireland (SF1-UK and SF1-UK-IE) with the analysis, governance, management, maintenance, and validation of financial calculations related to processes, products, and services.
Requirements:
  • Strong academic background, preferably a degree with a focus on mathematics or accounting, or extensive experience in financial modelling and data interrogation.
  • Proven expertise in financial modelling, calculations, and data analysis, with the ability to accurately interrogate, interpret, and translate financial calculations.
  • Knowledgeable in finance-related systems, databases, and accounting principles.
  • Working understanding of specialist financial modelling tools/systems, data analysis tools/systems and/or associated financial software/systems for example: Advanced Excel, SAS, SAP, Oracle SQL.
  • Experienced in financial calculation and modelling, with leadership exposure.
  • Keen interest in mathematical formulas, modelling, pricing, and governance alignment.
  • Experience or exposure in financial governance, using Lean, Agile, or similar methodologies.
  • Excellent written, verbal, and flexible communication skills, with the ability to work confidently with internal and external stakeholders at all levels.
  • Strong prioritisation and workload management skills, with a self-motivated and collaborative approach.
  • Keeping up to date with Regulatory Requirements including Consumer Duty and FCA Guidelines including Consumer Duty.
  • Commercial Awareness and Customer Centricity.
  • Attention to detail.
  • Knowledge of Fleet Management and Quotation Systems as Fleetware, ICON, FAMOS, SEAL would be advantageous but not essential.
What We Offer:

At BMW Group, we are committed to offering our employees the right balance between work and personal life. We pride ourselves on being a flexible employer and for most roles, it could be possible to agree flexible hours, job share, compressed hours or part-time working hours and so please discuss your individual requirements as part of the application process so we can try to agree a suitable arrangement. [For this role, we also support a hybrid model which combines remote and office working.]

We are proud to be a part of the Disability Confident scheme. The scheme supports employers to make the most of the talents disabled people can bring to the workplace.