Head of Financial Control

Description:

Financial control

• Lead and direct all functions of the Banks financial control department, including: finance operations, financial & statutory reporting, tax and vat, debtors and creditors
• Lead and direct all functions of the Banks related financial processes, policies and procedures
• Oversee implementation and management of Key Financial controls across all functions across the Bank
• Manage year end audit process including Group financial year packs and the Bank and related subsidiaries Annual Financial Statements within regulatory timelines
• Manage all Group finance related matters for the Bank and all Bank related entities
• Identify and implement opportunities to improve current financial processes (innovation, automation and efficiencies)
• Lead and direct Bank wide cost saving initiatives in line with continued targets of reducing the Banks cost to income ratio annually
• Assist CFO with any Controls, accounting, IT systems projects and financial matters as required
• Technical financial accounting and structuring on any Bank and Bank related corporate finance matters
• Member of Finance Manco Committee

  
  Daily Operations

  • Advise on market best practice for all Financial Control functions and implement operational best practices
  • Monitor the implementation of strategic objectives
  • Take initiative for problem solving and have a solution driven mindset
  • Maintain strong and positive interpersonal relationships with internal departments and external parties
  • Act in the best interest of the Bank at all times
  • Ensure delivery of functions are met within all prescribed and regulatory timelines
  • Manage strong relationships with the Banks Executive Committee and management

    
    Risk Management

    • Maintain a strong financial control environment with best practice processes and controls
    • Address internal / external audit matters timeously and implement controls to prevent future occurrence of findings. Continued target of only low risk findings.
    • Identify and communicate potential risks and relevant risk mitigating controls to be implemented
    • Lead and direct all financial operational risk matters in the Bank
    • Attendee at the Banks audit committee with participation into financial matters as required
    • Attendee at the Banks Senior Credit Committee and ALCO (as required)

      
      Knowledge, Skills and Abilities Required (Competencies & level of competencies)

      • Knowledge and understanding of the complexities involved in Financial Control, Statutory reporting, technical accounting, Procurement and Taxation within the Bank
      • Expert knowledge Tax Legislation, Principles and Accounting SA Governing Bodies and Reporting Structures as well as Reporting Framework and timelines
      • Internal policies and procedures
      • Abilit