To lead a team responsible for the management and analysis of all financial activities; make recommendations in line with Nedbank CIB strategy to enable the business to make informed financial decisions.
Job ResponsibilitiesEnd to end financial responsibility of a specific product line in Transactional Services.The HOF will be responsible to manage the validity, accuracy, and completeness of the financials for the product.Tracking P&L of the product daily and reporting to the daily P&L CIB tracker.Manage the processing and reporting of month end, quarter end, half year and year end to stakeholders in business, the CFO TS and group finance.Review and analyse ratios relevant to profitability and return for the product.Provide insight on key drivers of profitability and returns.Robust understanding of the revenue drivers for the product and monthly review and reporting on validity, accuracy and completeness of the expenses.Robust understanding of the expense drivers for the product and monthly review and reporting on validity, accuracy and completeness of the expenses.Robust understanding of the capital drivers for the product and monthly review and reporting on validity, accuracy and completeness of the expenses.Ongoing collaboration with business on cost saving initiatives, set up and agree measurement targets for cost savings. Track and report on a monthly basis.Ensure that all products are reporting in line with International Financial Reporting Standards.Manage daily activities to ensure accuracy and completeness of financials.Conduct business-related activities prior to month-end to ensure the correctness of financial results.Track ongoing financial performance by analysing month-end results and reporting to business and the Group.Enable financial performance against targets by identifying deviations and recommending corrective action or providing justification.Ensure business continuity by having processes and systems in place to support all activities.Meet internal customer requirements to ensure adherence to service level agreements.Build and maintain relationships with internal and external stakeholders through regular engagement.Participate in internal and external forums and committees to share and acquire understanding of factors influencing the business and the Group.Engage and co-ordinate with the business to translate business strategy into approved financial plans and targets in line with Group and regulatory requirements.Ensure compliance by managing adherence to Group Risk and Compliance policies and regulatory requirements.Mitigate financial risk by staying abreast of and aligning to changes in accounting standards, policies and regulatory requirements.Job Responsibilities ContinuePlan, co-ordinate and manage team to achieve deliverables.Enhance productivity by identifying, implementing and supporting process improvements.Meet business objectives by making timeous and informed decisions.Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision, values and strategy and are measured on delivery against these.Manage performance of reports and hold them accountable for managing the performance of their reports by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and taking appropriate corrective action where required.Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback.Drive to execute own and direct reports planned development by attending learning, seeking coaching or other industry or technical learning events and opportunities.Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (e.g. rotation).Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members, ensuring mentoring, coaching and day to day activities.Improve productivity and reduce costs by improving work processes through offering innovative ideas and input and soliciting input from managers and teams.Ensure transformational targets are met through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list for department.Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self, managers and team participation in Nedbank culture building initiatives.Deliver a world class service through others by ensuring a client centric culture through required interventions.Identify areas of resource inefficiencies and promote optimisation through promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes.Essential QualificationsAdvanced Diplomas/National 1st Degrees.Preferred QualificationChartered Accountant.Minimum Experience Level7 years financial management in financial services sector and 5 years managing others.Technical / Professional KnowledgeBusiness administration and management.Client service management.Governance, Risk and Controls.Principles of project management.Relevant regulatory knowledge.Strategic planning.Talent management.Building Partnerships.Communication.Building talent.Guiding Team Success.Driving for Results.Employment Equity StatementPreference to be given to underrepresented groups.
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