Financial Business Analyst at Nedbank

Job Purpose

• To perform financial analysis on business data in order to leverage and communicate effectively with stakeholders; so as to add value to the business financial management strategy.

Job Responsibilities

• Collaborate closely with the Senior Financial Business Analyst to align data and financial analysis initiatives with strategic business goals, financial planning, and product delivery objectives.
• Conduct in-depth financial analysis to identify trends, risks, and opportunities; provide meaningful insights and recommendations that support decision-making and value creation.
• Elicit, analyse, and document business, data, and financial requirements by engaging stakeholders across functions and levels.
• Identify and resolve data anomalies and inconsistencies early in the lifecycle to ensure accurate financial reporting and reduce rework.
• Model data flows, business processes, and system interfaces to support solution design, data integrity, and continuous improvement.
• Decompose initiatives, features, and user stories; define acceptance criteria, identify gaps, and ensure traceability across the delivery lifecycle.
• Evaluate solutions for performance, financial impact, and alignment with business needs; recommend improvements to maximise value.
• Collaborate with QA and development teams to define test cases, support UAT, and ensure solutions meet business and financial requirements.
• Communicate findings, solutions, and recommendations through reports, presentations, and stakeholder engagements.
• Build and maintain strong relationships with stakeholders, fostering collaboration, trust, and shared understanding of business and data needs.
• Ensure compliance with governance, risk, and data quality standards; proactively identify and mitigate risks, especially those affecting financial outcomes.
• Support agile and lean delivery practices, applying best practice methods, tools, and frameworks to drive efficient, value-focused outcomes.
• Contribute to innovation by identifying analytical opportunities, improving processes, and enhancing systems that support financial and operational performance.
• Mentor and coach team members; share knowledge, industry trends, and best practices to build capability and support continuous learning.
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Continuously align work with the broader business strategy, ensuring that all outputs contribute to the achievement of organisational goals.
• Additional Role-Specific Responsibilities

Financial Planning & Support:

• Review the reasonableness of cluster submissions.
• Implement analytics to assist with budget reviews, gap identification, and trend analysis.
• Ensure BI and SAP systems are balanced and reconciled.

Technology & Automation:

• Continuously automate and improve financial processes to reduce repetitive tasks performed by financial officers.
• Determine and advise on optimal product mix for efficient and accurate BI reporting.

Customer Experience & Service Design:

• Enhance service approach and design to ensure a positive and seamless customer experience.

Essential Qualification

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Financial Management
• CIMA Certified or similar

Essential Certification

• Qualification or certification that includes practical application or instruction in at least one of the following:  Business intelligence tools and enterprise systems such as SAP Business Suite, Power BI, Microsoft Excel (advanced), Power Apps, and Microsoft VBA. 

Experience Level

• 5+ years experience in Financial Services Environment 

Technical / Professional Knowledge

• Business Acumen
• Business principles
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Nedbank policies and procedures
• Principles of financial management
• Research methodology
• Business writing skills
• Microsoft Office Product
• Regulatory knowledge
• IT / Banking knowledge

Behavioural Competencies

• Applied Learning
• Communication
• Decision Making
• Innovation
• Work Standards
• Technical/Professional Knowledge and Skills