Chief Financial Officer - Rest of Africa, RBB at Barclays Africa Group Limited

Job description

Seasoned commercial CFO required to play a leading role supporting the Retail & Business Bank for Rest of Africa regional management team. The role will also require close working relationship with the country RBB heads.

Banking and Africa experience is preferred.

Overall Job Purpose

To provide strategic financial leadership and support to the business. Provide guidance from a financial perspective to the business around the developing and measurement of businesses strategic goals. Drive operational understanding of the financial impact of decisions made. Drive the businesses financial objectives by providing accurate value-added financial management information and analysis.

• Strategic direction to business
• Formulate and provide strategic direction to the business executive committee (Exco) based on analytical review of the Business Performance and an understanding of key business drivers.
• Partner with the business and provide strategic direction to the business through the analysis and findings of competitor performance.
• Provide clear direction to the Exco on what the business requirements and imperatives are by translating current business performance into actionable business objectives aimed and driving and improving performance.
• Participate as an active member of the Executive Committee of the business
• Translate Cluster strategy into meaningful operational targets and strategic focus areas for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit.
• Formulate and provide strategic direction to the business executive committee (exco) based on analytical review of the Business Performance and an understanding of key business drivers.
• Partner with the business and provide strategic direction to the business through the analysis and findings of competitor performance.
• Provide clear direction to the Exco on what the business requirements and imperatives are by translating current business performance into actionable business objectives aimed and driving and improving performance.
• Participate as an active member of the Executive Committee of the business.
• Translate Cluster strategy into meaningful operational targets and strategic focus areas for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit.
• People Management
• Develop internal capability through the recruitment and development of a capable team who will ensure the necessary resources are in place to achieve business strategy and objectives.
• Together with the HRBP for the business unit determine the people management strategy for the area with a focus on talent management, development, resourcing and retention.
• Embed formal Performance Development and informal coaching in the Team.
• Establish and maintain a succession plan for the key roles in the area and review and approve succession plans for one level below.
• Motivate managers in the business unit and ensure that they have measures in place to recognise the efforts of their staff members.
• Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business and ensure that they strive to deliver optimally.
• Risk Management
• Develop internal capability through the recruitment and development of a capable team
• who will ensure the necessary resources are in place to achieve business strategy and
• objectives.
• Together with the HRBP for the business unit determine the people management
• strategy for the area with a focus on talent management, development, resourcing and
• retention.
• Embed formal Performance Development and informal coaching in the Team.
• Establish and maintain a succession plan for the key roles in the area and review and
• approve succession plans for one level below.
• Motivate managers in the business unit and ensure that they have measures in place to
• recognise the efforts of their staff members.
• Motivate team members through coaching and mentoring them to perform optimally
• around the vision and values, create a sense of urgency and excitement around the
• business and ensure that they strive to deliver optimally.
• Financial management
• Working with business unit heads and define the cost centre structures and rollup/
• consolidation to effectively manage the businesses performance.
• Work with business unit heads to determine their performance reporting (financial and
• non-financial) needs and agree deliverables on an annual basis.
• Define and instruct team on the formatting of management reports and contract with
• system developers and data providers to develop the reports.
• Ensure "one version of the truth" for all reporting and that management reporting
• reconciles/agrees to reports produced within other areas of the business.
• Review the variance analyses for the different business units as prepared by the team and discuss major variances, on the cost and income sides, with business unit heads to gain and understanding of the reasons.
• Review quality of and provide input into the Cluster Exco pack (as compiled by the
• Cluster CFO) with a focus on the variances, reasons for variances and overall business performance of the cluster.
• Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas. On a monthly basis  review reports to ensure that the charges processed are accurate and address concerns directly with the finance teams from other areas.
• Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit ME.
• On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives.
• Financial forecasting
• Working with the business unit strategy team and participate in the forecasting and scenario planning processes by reviewing Group economic analysis and providing a
• view on the financial impact on the cluster of changing economic conditions.
• Advice business unit decision makers on the process and requirements during the MTP
• (Medium Term Planning), STP (Short-term/budget planning) and RAF (Revised Annual
• Forecast) cycles. Ensure that their commitment and thorough input is obtained for these activities and support them with translating strategy into financial objectives on request.
• Manage and review the consolidated financial plans generated by MTP, STP and RAF prepared by the team and quality check the consolidations prior to recommendingapproval to the Cluster CFO.

Education and Experience Required

• NQF Level 7: Honours/Masters Degree
• (CA)(SA) or equivalent NQF level 7 qualification
• Commercial CFO / Finance Business Partner experience in Banking
• Preferred experience- Retail Business Banking
• Experience working in African Countries