Head : Finance

Description

• To lead a team responsible for the management and analysis of all financial activities; make recommendations in line with Nedbank strategy to enable the business to make informed financial decisions

Duties

• Ensure that the Statutory, Management and Financial reporting process is established, is effective and delivers the required reports
• Review and approve:
• Financial reporting packs to Nedbank South Africa
• Income tax and indirect taxes
• Annual Financial Statements
• Establish and review controls and systems to manage operational risks
• Monitor the effectiveness and efficiency of policies, systems and processes
• EXCO and Board presentations
• Manage Balance Sheet Management function:
• Oversee the compilation of the ALCO pack and ALCO submissions to Board
• Ensure capital, liquidity and interest rate risk tolerances are optimized, approved and monitored
• Strategic liquidity risk management, including monitoring the liquidity & funding, identification & mitigation of concentration risk, maintenance of Liquidity Models & related assumptions
• Strategic capital management & optimization of the bank, including compilation & monitoring of the capital plan, capital structuring, capital allocation, motivate, and oversee capital raising
• Management, coordination and compilation of annual ICAAP & Recovery Plan reports, championing these across the bank and into ALCO, EXCO and Board levels
• This includes overseeing stress testing of capital, liquidity and operational risk
• Maintain and update all charters and related policies under finance and ensure implementation of and compliance to those policies
• Manage the regulatory reporting function to BON and SARB (through Nedbank Group), including the management of regulator stakeholder relationships
• Support the achievement of the business strategy, objectives and values by overseeing the annual budgeting process and ensuring delivered systems, process, services and solutions are aligned
• Oversee the funds transfer pricing process

Requisites

• Essential Qualifications - NQF Level:
• Advanced Diplomas/National 1st Degrees
• Educational Requirements:
• Chartered Accountant (Namibia) / (South Africa) or Chartered Institute of Management Accountants (CIMA)
• Minimum Experience Level:
• Minimum: 5 (five) years Senior Management experience in the Financial industry, especially banking experience will be a distinct advantage
• Technical / Professional Knowledge:
• Business administration and management
• Client Service Management
• Financial Accounting Principles
• Governance, Risk and Controls
• Principles of project management
• Relevant regulatory knowledge
• Stakeholder management
• Strategic planning
• Talent management
• Behavioural Competencies
• Building Partnerships
• Building Talent
• Communication
• Guiding Team Success
• Continuous Improvement
• Driving for Results
• Abilities Requirements:
• Function expertise
• Compliance monitoring and reporting
• Familiar with the Banking Regulations from Bank of Namibia, NAMFISA and SARB
• Familiar with IFRS
• Familiar with Namibian Tax Act
• Familiar with King IV and corporate governance
• Familiar with the Companies Act 2008
• Familiar within the following fields:
•     Credit
•     Liquidity
•     Capital management
•     Pricing models, funds transfer pricing
• Leadership and Interpersonal skills:
• Ability of personal mastering and emotional intelligence
• Promote Team and group dynamics
• Manage change
• Managing diversity
• Coaching
• Familiar with People management practices
• Well versed in negotiation and mediation
• Promote the Business in society

Notes

• Only shortlisted applicants will be contacted