Chief Financial Officer at Barclays Africa Group Limited

Job description

• Commercially astute CFO required to provide Financial Leadership to a substantial Business Unit ensuring that Strategic and Operational objectives are successfully achieved.
• Contribute to the effective financial management by providing financial leadership, directing cluster and divisional financial activities and business plan development and controlling accounting practices, including the timely preparation of financial reports, forecasts and business performance analysis.
• Contribute to the overall strategy around functions for the firm, advising on growth, areas of cost waste and oversight and control over investment spend in CAPEX and Strategic Investment. Oversight and accountability pan-Africa.
• Stakeholder & Relationship Management
• Maintain and build key relationships across the organisation (ABSA and Barclays)
• Understand and identify key sustainable requests from stakeholders
• Ability to Implement actions without the direct responsibility of resources
• Negotiate and leverage information off different groups across the organisation in order to meet stakeholder demands
• Manage the link between Finance, Business Heads and the COO function
• Become the “go-to” person for all key senior stakeholders for all Finance matters
• Provide feedback and updates on BU financial/business matters into the BU CFO and Head of BU FDS
• Communicate the Finance and Business related objectives to relevant stakeholders, ensuring alignment to the wider Barclays objectives
• Revenue and Cost
• Present the monthly Financials at the Client Coverage Exco
• Lead and present the budget programme
• Review and present the cost analysis to senior management
• Present Financial Management information in order to track and enhance business performance
• Monitor the balance sheet against costings
• Communicate an independent view on the financial landscape to senior management
• Performance and Planning
• Provide key stakeholders with year end performance views
• Present the performance analysis on a weekly basis to senior management
• Identify key financial risks and assess against market news
• Trend analysis and identify key business drivers against market news
• Balance sheet build and roll off against capital management metrics
• Revenue per head analysis
• Highlight variances and anomalies. Plan, implement and drive deep dive analysis where necessary
• Formulate views based on the financial information in order to execute business decisions
• Communicate an independent view on the financial landscape
• Project Focus
• Manage and shape financial related projects
• Management Information decks, plan and instruct changes
• Engage internal and external vendors in the automation and improvement of information which will enhance the ability to make financial and business decisions; or work with key internal service providers to ensure that this is done in their areas
• Align projects and deliverables to the strategic objectives of BU in Africa and the wider Barclays group
• Infrastructure
• Maintain key relationships within the infrastructure teams
• Chair weekly meetings with the relevant internal service providers in order to maximize the tracking and enhancement of financial information source
• Maintain the link into the Capital Management team, specifically to analyse metrics on balance sheet usage, RWA, RoRWA and client performance
• Maintain key links into Legal, HR and Compliance in order to be able to leverage off key decision makers
• Leadership and Development
• Ensure continued people development and mentoring activities
• Key to the role is influencing key talent across the organisation in Finance, FDS, Product Control
• Help identify strong performers across the organisation
• Manage and motivate performing individuals, ensuring their efforts are recognized
• Ensure poor performance is addressed
• Actively seek and identify strong candidates for interviews
• Forward thinking with regards to establishing and maintain a succession plan within the team
• Through the interaction across the Finance organisation, help identify areas where teams are under pressure to deliver
• Cost Management
• Identification of cost saving opportunities for the company
• Drive company wide cost programs and oversight of progress
• Assist business with the preparation of valid, complete and accurate businesses cases
• Prepare, standardise cost management MI across the firm
• Financial oversight of firm wide cost programmes
• Standardise governance and oversight of both internal Transfer Pricing and Economic Transfer Agreements across Africa
• Challenge and review TP/ETA cost charges
• Governance and oversight of strategic investment spend and CAPEX
• Evaluation and recommendation of strategic/CAPEX business case evaluations
• Accountability for cost accounting of TP/ETA/SI/CAPEX spend across the firm

Education and Experience Required

• NQF Level 7: Honours/Masters Degree
• CA(SA)
• MBA would be advantageous
• A minimum of 10 years financial management experience
• Completed articles with Big 4 audit firm or TOPP programme with a South African bank
• Experience of accounting and controlling
• Experience in Financial Management, Strategic Planning and Governance processes and reporting
• Extensive experience in management reporting and financial analysis in a multi-divisional (corporate planning) environment
• Proven track record delivering substantial cost savings to business