MINIMUM EDUCATION
CA (SA)
CFA/ Masters in Finance (MFin)/Accounting/ Business Administration related Postgraduate qualification

MINIMUM EXPERIENCE
Minimum 10+ years post articles, experience in financial reporting, regulatory reporting, strategic financial planning, analysis or accounting within the banking or financial services industry

CRITICAL COMPETENCIES
In-depth knowledge of financial reporting processes, including the preparation and analysis of financial statements, footnotes disclosures, and management reporting
A deep understanding of accounting principles, including Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS)
Knowledge of banking operations, products, and regulatory requirements
In-depth knowledge of key banking regulations and regulatory reporting requirements: 
King IV, 
JSE regulations and
FSB regulations
SARB regulations
RSA legislation
Basel III
IFRS 
Capacity to align financial reporting objectives with the overall strategic goals and business objectives of the bank
Leadership skills to effectively lead, motivate, and develop teams
Strong analytical abilities to interpret financial data, identify trends, variances, and potential risks or opportunities
Ability to address complex financial and accounting issues, solve problems
Capacity to conduct in-depth financial analysis and scenario modelling to support strategic decision-making and planning
Proficiency in financial reporting software, accounting systems/statistical tools

ADDITIONAL COMPETENCIES
Ability to influence peers and executives
Ability to lead change initiatives and drive process improvements to enhance efficiency, accuracy, and compliance in financial reporting
Risk management skills
Adaptability in navigating changes in accounting standards and regulations
Articulate complex financial concepts in a clear and concise manner

BEHAVIOURAL ATTRIBUTES
Strategic and lateral thinking skills 
Holistic/ integration thinking
Entrepreneurial skills
Innovative thinking skills
Persuasive skills
Delivering results
Attention to detail
Resilience
Steward leadership
Negotiation
Customer centric

KEY RESULTS AREA

People Management
Develop and manage budget for Global Markets division
Manage and develop subordinate(s): Performance management in terms of contracting, reviews and poor performers, Training and development, Employee relations
Manage people efficiencies through leave management, headcount budget, fixed term contracts, staff movements, secondments, staff utilization
Take appropriate disciplinary measures as required
Facilitate induction of new staff within one month of joining the organization

Group Reporting
Oversee the preparation and consolidation of the group financial reporting pack compliant with IFRS and other legislation requirements
Establish and monitor financial reporting timelines and deadlines to ensure timely preparation and submission of group financial reports, both internally and externally. Coordinating with finance teams across different business units to meet reporting requirements
Provide consolidated financial reports and analysis to support decision-making and strategic planning at the group level. This includes preparing management reports, financial dashboards, and key performance indicators (KPIs) to assess group performance and trends 
Establish and maintain effective internal controls and procedures to ensure the integrity and reliability of financial reporting processes
Identifying opportunities to streamline group reporting processes, enhance efficiency, and improve accuracy through the adoption of best practices and technology solutions

IFRS Compliance
Maintenance of the group accounting policies to ensure IFRS compliance and best IFRS practices
Maintenance of the group disclosure templates to ensure IFRS compliance and best IFRS practices
Facilitation of IFRS group training and creation of IFRS awareness throughout the group
Participation in the BASA and other forums related to financial reporting
Integration of the group financial and management reporting framework with other applicable frameworks (integrated reporting, sustainability reporting, BEE reporting, SARB reporting etc)
Facilitation of various business transactions and ventures to ensure compliance and best IFRS practices

Budgeting and Forecasting
Oversee the preparation of the group's annual budget and re-forecasts in collaboration with finance teams across various business units and departments
Conduct financial analysis to evaluate budget proposals, assess financial viability, and identify areas for cost optimisation or revenue enhancement. Providing recommendations based on financial analysis and scenario modelling
Manage the review of budget submissions from different business units to ensure accuracy, completeness, and compliance with budget guidelines and regulatory requirements
Preparation and delivery of the presentations to obtain approval to the Exco and the Board   
Monitor actual financial performance against budgeted targets on an ongoing basis. Analysing variances and investigating underlying causes to identify areas of concern or opportunities for improvement
Lead the communication of budgetary goals, targets, and performance metrics to relevant internal teams. Providing regular updates and reports on budget performance, variances, and forecasts
Identify opportunities to streamline budgeting processes, enhance efficiency, and improve accuracy through the adoption of best practices

Strategic Financial Planning  
Lead the development of financial forecasts, including revenue projections, expense forecasts, and cash flow projections, based on historical data, market trends, and business drivers
Collaborate with finance teams to develop rolling forecasts and long-term financial plans based on actual performance, market trends, and strategic initiatives. Continuously updating forecasts to reflect changes in business conditions and adjusting plans accordingly
Assess capital requirements and developing capital expenditure plans to support the banking group's growth initiatives and strategic investments in consultation with Balance Sheet Management
Provide financial analysis and due diligence support for potential M&A transactions and strategic partnerships. Assessing the financial impact of proposed acquisitions, evaluating synergies, and assisting in the development of financial models and business cases
Participate in the development of the banking group's dividend policy and capital allocation strategy in consultation with Balance Sheet Management

Financial Benchmarking and Trend Analysis

 Collaborate with relevant teams to gather data from various sources within the Group, including financial systems, customer databases, market data, and economic indicators
Utilise advanced analytics tools and techniques to analyse large datasets and extract meaningful insights that support strategic initiatives
Define and track KPIs that measure the bank's financial performance, operational efficiency, customer satisfaction, and other relevant metrics
Apply predictive modelling to forecast future trends, customer behaviour, and market dynamics, aiding in proactive strategic planning
Benchmark the Groups financial performance, operational efficiency, and other key metrics against industry peers and competitors
Proactively source, collect, analyse, and interrogate data, compare to internal, external, local, and international benchmarks and report meaningful findings and observations
Provide strategic input based on benchmarking results, suggesting strategies to bridge performance gaps and capitalize on opportunities
Analyse historical financial and operational data to identify trends and patterns that can inform future strategic decisions
Proactively drive continuous improvement in response to business developments and challenges

Management Accounts and Segmental
Conduct detailed analysis of cost structures, including direct and indirect costs, to understand cost drivers and identify opportunities for cost optimisation and efficiency improvements
Analyse the profitability of each segment, considering revenue, costs, and allocated expenses
Identify high-performing segments and those that may require strategic adjustments
Offer strategic input based on segmental analysis, identifying growth opportunities, market trends, and potential areas for expansion or diversification
Assess the risk exposure associated with different segments and recommend risk management strategies to mitigate potential negative impacts
Build and maintain KPI dashboards for monthly reporting
Group Scorecard quarterly submission
Quarterly inputs into the CEO report
IFRS segmental ownership and IFRS reporting requirements – Technical support to the Divisions
Ownership of the Group Monthly results and commentary

Stakeholder Management
Collaborate with the CFO, CEO, and Audit Committee to provide insights and recommendations on Financial Reporting related matters.  
Work closely with other departments, including Risk, Finance, and Operations, to align Group Reporting activities with the bank’s overall strategy.  
Provide financial analysis, insights, and projections that support the strategic discussions in forums
Offer a comprehensive understanding of the financial implications of various strategic options

Strategic Leadership
Foster a culture of collaboration, innovation, and accountability.  
Ensure effective resource allocation and talent development.  
Promote diversity and inclusion within the division.  
Lead and develop a high-performing Group Reporting team, fostering a culture of innovation, collaboration, and continuous improvement.  
Support mergers, acquisitions, and other strategic initiatives by providing Group Reporting expertise and financial analysis.