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.
We sit at the heart of Nationwide’s statutory and regulatory financial reporting, accountable for ensuring all reporting is compliant with regulations, accounting standards and best practice, as well as providing specialist technical accounting advice on a range of issues.
We comprise individuals with a wide range of experiences and are building processes and capability to meet current and future requirements. Our teams are responsible for generating external reporting, managing new reporting requirements, setting accounting policies and providing technical accounting expertise. A key and high profile deliverable owned by the team is Nationwide’s Annual Report & Accounts.
In performing our work we have significant engagement with the wider business, for example in supporting major corporate projects and providing advice on the accounting and reporting impacts of new products, transactions or regulatory requirements.
We ensure that Nationwide's capital is managed effectively to meet the needs of the business and the regulator, whilst maintaining customer and investor confidence in our financial strength. We hold capital in order to protect our savers and providers of wholesale funding from losses.
The department is made up of a number of teams that require a variety of different skills and experience from capital reporting and strategy, to stress testing and data modelling. The department is widely engaged with teams across the business, which makes it a busy, vibrant and interesting area of the Society to work within. You’ll find widespread opportunities to network with colleagues and engage with senior executives, in a high profile area of the business.
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,