Financial Performance & Reporting
FP&R leads the development of robust financial planning and commercial decision support across the business, active management of capital requirements, and regulatory reporting including the annual report and accounts.
We’re split into six teams, and with such a wide range of responsibilities, there are a variety of opportunities to grow and develop your career.
Please read on to find out more about the Division, and for a list of current vacancies please scroll to the bottom of the page.
Who we’re looking for
While previous financial services experience, particularly within banks or building societies, is ideal, we want people who have good attention to detail, are good communicators, and are keen to make a difference.
Depending on the role, you may possess or be progressing towards a relevant professional qualification such as ACA/ ACCA or CIMA.
You’ll have a pro-active approach to problem solving with the ability to form your own conclusions and make recommendations. You’ll show a willingness to take ownership of projects and tasks, liaise with stakeholders and influence decisions. You’ll be someone who meets deadlines without compromising quality, takes a commercial approach and prioritises competing tasks.
Depending on the role you'll enjoy being a structured thinker, have an aptitude for grasping numerical concepts and regulatory principles and the capability to produce reports and analysis for business decision making. You'll need to be a confident communicator who is keen to engage the business.
Who we are
We’re the team that reports on the financial changes to maximise efficiency.
What we do
Our Financial Reporting team is an integral part of Nationwide. We react and respond to external regulatory matters and accounting standards that have a direct impact on our Society, and make sure Nationwide is appropriately funded and market risks are economically protected.
This can involve anything from major industry projects like the development of new impairment models and business process changes, engaging with HMRC to ensure tax implications are understood and managed, to reducing volatility and accurately reporting Treasury activity to the Bank of England and the PRA.
By delivering industry-leading external financial reporting, it reassures our members that we’re always putting their interests’ first, while at the same time it helps to promote and build our brand.
What we’re looking for
It may sound corny, but we do love a team-player who’s as confident getting stuck-in to the wider team as they are talking to our Senior stakeholders and Executive. In return, we’ll help support your career through internal training and development, and if need be, sponsor you through professional qualifications.
If you’re continuously looking to find ways of making the regulatory reporting process slicker and love the idea of being part of a dynamic and diverse group, you'd fit right in.
Who we are
We’re the team that ensures our capital position and pension risk are understood and actively managed to help maintain investor and regulator confidence, while maximising member value.
What we do
As our sole purpose is to build society, nationwide, it’s our responsibility to effectively measure, monitor and manage Nationwide’s capital resources and requirements, so our savers and investors are protected from any losses.
Our involvement in initiatives such as risk management, stress testing and external reporting, along with being a key stakeholder in our organisation’s digital and data transformation programme, means we engage with people from diverse backgrounds across our communities.
The people in our team have a wide range of skills and expertise in areas such as capital strategy, regulatory rules, modelling, pension risk & finance, reporting and data, and as our work often involves problem solving, it’s both a stimulating and evolving environment in which to work.
Who we’re looking for
Being part of our team you’ll get a really good overview of how our organisation works as your skills will be used across a variety of business areas. We’re looking for positive, enthusiastic and organised people to join us.
Interested in our team, but don’t think you have the necessary qualifications? We’d still love to hear from you, as it may be that we can support you in achieving your goals.
Treasury Financial Reporting
We're often referred to as the ‘bank to the bank’, ensuring the business is appropriately funded and that market risks have been economically hedged. Treasury Finance looks after the financial accounting and reporting of all Treasury transactions.
We have structured the team around two key areas; a hedge accounting team who minimise the volatility in the financial statements, and a funding and assets accounting team who ensure that our asset backed funding entities and liquidity portfolios are reported accurately. Both areas have a significant involvement in the production of the annual report as well as providing key information to the regulators.
We're the Finance Business Partners to areas across Nationwide including Mortgages and Savings, Commercial, Consumer Banking and Treasury, providing financial expertise and insight into business performance.
Our work involves presenting regular performance updates to the Board and Executive Committees, ensuring the financial impact of business decisions are understood and that Nationwide continues to put Members first. In addition, we’re responsible for coordination and delivery of the financial forecast as part of Nationwide’s annual Corporate Planning process and work closely with colleagues across the business to assess the financial implications of a range of stressed economic and market scenarios as part of internal and external stress testing.
Group Cost Management
We're responsible for the shaping and management of Nationwide’s entire cost base. We work in partnership with the business to help them understand their cost base, what is driving it and how they can influence it to provide an effective and efficient service to Nationwide’s members.
The team includes Business Partners who play a key role in influencing business decisions including where to invest, how to organise the cost base efficiently and supporting commercial contracts with 3rd parties. Behind the scenes, the Cost Performance and Analysis Team have oversight of the Group cost base, co-ordinating both the cost element of the Corporate Plan as well as delivering insight into the performance. They also play a leading role in driving cost performance and efficiency through thematic and end to end process cost reviews.
We're responsible for managing Nationwide’s tax affairs, in line with the Tax Policy agreed with the Board. We own the business relationships with HM Revenue & Customs and seek to maintain effective working relationships with these. HMRC has rated NBS low risk due to the quality of tax compliance and openness. The team has three main responsibilities: ensuring compliance with a range of complex and sometimes ambiguous tax legislation and guidance; governance of tax risks and reputational risks; and adding value by minimising tax liabilities through the legitimate use of reliefs and concessions,