This is a hybrid role that requires 4 days/week in our London office (Fitzrovia) / New York City office (Financial District) / Dubai office(Dubai Internet City) / Singapore office

About Lorum

The structural conflict at the centre of correspondent banking is not technological. It is economic. Banks earn revenue from their balance sheets: they lend deposits, capture FX spreads, and hold funds as long as it is rational to do so. Clearing, the act of releasing funds quickly and predictably, competes directly with those economics. An institution designed to lend has a structural incentive to hold deposits; an institution designed to clear has an incentive to release them. When one institution does both, clearing loses. The result is unpredictable settlement, trapped capital, and a correspondent network shrinking by design.

Why Lorum

Lorum was founded on a different premise: clearing as the business, not a byproduct. The model has been operational since 2023 and grew 55x in 2025, with USD clearing now the majority of volumes alongside a growing treasury offering. We have applied for a U.S. national trust bank charter. The people we hire now will build the clearing and treasury infrastructure it unlocks.

The role

This is a foundational hire. Lorum has never had a Financial Controller, and this person will design, build, and own the company's accounting function from the ground up, not inherit a system, build one.

Reporting to the CFO, you'll be responsible for the accuracy and integrity of Lorum's books, the design of internal controls and financial processes across multiple legal entities and jurisdictions, and financial reporting that will stand up to scrutiny from auditors, regulators, and bank charter/license examiners as Lorum pursues approvals across the US, Europe, Singapore, and the UAE.

This role suits someone who wants to build rather than maintain: someone comfortable operating without existing playbooks, standing up new entities and charts of accounts as new licenses are obtained, and partnering closely with legal, compliance, and regulatory affairs on license and charter applications.

You'll also serve as a key point of contact for external auditors, tax advisors, and regulators and examiners as Lorum's license and charter applications progress, working closely with the CFO and Head of Compliance.

Day-to-day responsibilities

• Own the monthly, quarterly, and annual close process, ensuring accurate and timely GAAP financial statements

• Build and scale Lorum's accounting infrastructure, including chart of accounts, close checklist, accounting policies, and internal controls (SOX-readiness where applicable), in partnership with the CFO and compliance team

• Stand up accounting and reporting for each new legal entity as Lorum obtains banking licenses/charters (US, EU, Singapore, UAE), including local GAAP/IFRS and statutory reporting considerations

• Serve as a key point of contact for external auditors, tax advisors, and regulators/examiners, and prepare and review the financial reporting packages required for license and charter applications and ongoing supervision

• Manage day-to-day accounting operations, including AP/AR, payroll accounting, cash management and reconciliations, and intercompany transactions across entities, and partner with the finance team on budgeting, cash flow forecasting, and board/investor reporting

• Lead the transition to a modern accounting/ERP stack, including our planned move from Xero to NetSuite, and use automation to streamline processes that are largely manual today

• Manage and eventually build out an accounting team as Lorum scales, and stay current on evolving accounting standards and regulatory requirements across all jurisdictions where Lorum operates or is seeking licensure

Success in the first 3 to 12 months

• First 3 months: 

  • Formalize and standardize the close process, bringing it down to at least 10 business days, with a path toward 5

  • Set up accounting policies and procedures that are understood across the organization

  • Support the OCC charter process from preliminary approval through to the bank being operational (this may extend into month 6, depending on regulatory timing)
    
    

• 6 to 12 months:

  • Support Lorum's continued scale-up as the business grows toward $100M in ARR by the end of 2027

  • Help navigate additional licensing and regulatory requirements as new markets come online

  • Begin building out an accounting team

Ideal Candidate

Must Haves

• 8+ years of progressive accounting experience, including 2 to 3 years in a Controller or similar leadership role; CPA required (or equivalent international qualification, e.g., ACCA/CA)

• Deep knowledge of US GAAP and working knowledge of IFRS, including multi-currency/multi-entity consolidation

• Experience building or scaling an accounting function at an early-stage or high-growth company, comfortable operating with limited infrastructure and ambiguity

• Background in financial services, fintech, payments, or banking; direct experience with bank charter applications, banking licenses, or regulatory financial reporting (e.g., OCC, Federal Reserve, state regulators, FCA, MAS, or UAE regulators) is a significant plus

• Strong internal-controls and process-design mindset, with experience managing external auditors and tax advisors and preparing for or supporting SOX or similar frameworks and regulatory examinations

• Excellent communication skills, comfort with modern accounting/ERP systems, and a hands-on builder mentality; this role does the work directly, not just oversees it, at least initially

• Bachelor's degree in Accounting, Finance, or a related field required; MBA or Master's in Accounting a plus

Nice to haves

• Experience with correspondent banking, cross-border payments, or international money transmission

• Experience standing up finance/accounting functions across multiple countries simultaneously

• Deep hands-on NetSuite experience

How we work (attitudes & behaviours)

• You are: a builder who takes ownership of unglamorous, manual work and turns it into real process

• You are: someone who wants to stay for the journey, not the next opportunity

• You are not: someone looking to inherit a mature, well-resourced function and manage it as-is

Benefits

• Flexible vacation policy

• Private Healthcare

• Employee stock ownership (ESOP)

• Flexible working and autonomy

• Pay it forward days - we offer 2 annual pay it forward days where you can take time to volunteer for a charitable cause that is important to you.

• Wellness days - we believe you can only work your best when you feel your best, and we know working at Lorum is intense, so we offer 3 wellness days every quarter where you can take time to re-energize