Finance Manager - Europe at Plaid

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

Strong understanding of FCA (UK) and DNB (Netherlands) financial reporting and capital adequacy requirements for EMIs
Familiarity with safeguarding regulations, own funds calculation, and financial compliance controls under the Electronic Money Regulations (UK) and Electronic Money Directives (EU)
Experience with financial reporting, audits, and reconciliations in a regulated financial institution

Responsibilities

Lead all financial operations for UK/EU entities, including accounting oversight, reconciliations, internal controls, and management reporting
Prepare and maintain monthly/quarterly management accounts, prudential metrics, and capital adequacy reporting
Coordinate annual financial audits across jurisdictions and ensure audit readiness
Ensure consistent application of accounting and prudential standards across UK/EU entities
Manage outsourced UK/BV accounting service providers and partner closely with the US Accounting team to ensure a timely and accurate month-end close
Oversee treasury and liquidity management, ensuring adequate funding and strict segregation of client and corporate funds
Design, operate, and maintain the safeguarding control framework, including daily safeguarding reconciliations and timely investigation of discrepancies
Maintain safeguarding and trust accounts with regulated credit institutions and ensure breaches are logged and escalated appropriately
Prepare and coordinate the annual independent safeguarding audit and track implementation of recommendations
Produce and submit all required regulatory returns, including FCA REP021, FSA056/057 EMI returns, and DNB prudential reports
Develop MI and dashboards for senior management and the Board on safeguarding effectiveness, liquidity, and financial soundness
Support annual wind-down planning, operational resilience testing, and broader prudential compliance requirements
Work closely with Legal, Compliance, and Risk to embed strong financial and safeguarding controls across processes
Liaise with banking partners, auditors, and UK/EU regulatory authorities on financial, prudential, and safeguarding matters
Support cross-border initiatives to ensure consistent safeguarding, liquidity, and prudential practice

Skills

Key technologies and capabilities for this role

FCA complianceDNB requirementsfinancial reportingcapital adequacyliquidity monitoringtreasury operationsfinancial auditssafeguarding regulationsown funds calculationEMI regulationsaccountingGL accountingprudential oversightregulatory compliance

Questions & Answers

Common questions about this position

What is the employment type for this Finance Manager role?

This is a full-time position.

Is this Finance Manager role remote or based in a specific location?

The role is the first dedicated in-region position for UK/EU, operating as the primary on-the-ground owner for UK and BV entities, suggesting it requires presence in the UK or EU.

What key skills and experience are required for this position?

Candidates need a strong understanding of FCA (UK) and DNB (Netherlands) financial reporting and capital adequacy requirements for EMIs, familiarity with safeguarding regulations, own funds calculation, financial compliance controls, and experience with financial reporting, audits, and reconciliations in a regulated financial institution.

What does the team structure look like for this role?

The role will initially report directly to the US Head of Accounting, work closely with the US Head of GL Accounting, local UK and BV service providers, and Legal and Compliance teams.

What makes a strong candidate for the Finance Manager - Europe role?

Strong candidates will have expertise in FCA and DNB requirements for EMIs, experience managing financial operations, audits, treasury, and safeguarding controls in regulated financial institutions.

Plaid

Connects financial accounts to apps securely

About Plaid

Plaid simplifies financial data management for individuals and businesses by connecting various financial accounts to apps and services. Its main product is a set of APIs that allow developers to integrate financial data into their applications, enabling users to track spending, initiate payments, and access financial services all in one place. Plaid serves a wide range of clients, including app developers and financial institutions, and is used by popular apps like LendingTree and Square. Unlike many competitors, Plaid focuses on providing a comprehensive and scalable platform that supports various financial use cases, such as transactions and identity verification. The company's goal is to enhance the way users interact with their financial data, making it easier and more secure.

San Francisco, CaliforniaHeadquarters

2013Year Founded

$714.3MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

We've got you covered: From medical, life, and 401ks, we’re here to support your physical, mental, and financial wellbeing.

Everyone is an owner: We want everyone to feel ownership over their work - literally, which is why we offer equity to full-time Plaids.

Vacation your way: We want to make sure you have time to meet your personal needs with unlimited PTO and two weeks of synchronous, company-wide vacation.

Grow your skills: Every Plaid is in control of their career development with our learning stipends, tools, and trainings.

Risks

Increased competition from API-based banking solutions like FIS's Code Connect platform.

Potential legal challenges, such as PNC's lawsuit over trademark issues.

Demand for enhanced transparency and security in financial data sharing.

Differentiation

Plaid offers seamless financial data integration through robust APIs for diverse clients.

Plaid's Pay by Bank for Bill Pay provides a cost-effective recurring payment solution.

Plaid's strategic partnerships enhance its value proposition in payroll and payment sectors.

Upsides

Plaid's expansion into the Triangle area indicates growth and increased hiring potential.

Partnership with Dwolla enhances Plaid's presence in the secure payments sector.

Collaboration with Ansa expands market reach through pay-by-bank capabilities for merchants.

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