Head of Finance (WMSA) at Nedbank Private Wealth South Africa

Job Purpose

• We are seeking an experience and strategic Head of Finance to oversee all financial aspects of our Wealth Management SA business. The ideal candidate must have extensive experience in financial management, budgeting, forecasting, and accounting in the financial service industry. The Head of Finance will be responsible for providing financial leadership and ensuring the financial sustainability and growth of the business.  

Job Responsibilities

To lead a team of specialist financial managers within banking, investment, stockbroking and advisory services, responsible for the management and analysis of all financial activities; to make recommendations in line with Nedbank strategy to enable the business to make informed financial decisions and improve its overall financial position. 

• Plan, manage and co-ordinate daily activities of team to ensure accuracy and completeness of financials and to achieve deliverables. 
• Conduct business related activities prior to month-end to ensure the correctness of financial results, adherences to audit requirements and is easily available for review by embedding internal control processes. 
• Manage, prepare, and present a revenue and expense budged aligned to 3-year plan for WMSA in line with Wealth Cluster and Group Strategy. 
• Engage and co-ordinate with the business to translate business strategy into approved financial plans and targets in line with Group and regulatory requirements. 
• Track ongoing financial performance by analyzing month-end results and reporting to business stakeholders, Cluster and Group. 
• Enable financial performance against targets by analyzing and interrogating financial information and provide meaningful recommendation, explanations and highlights of concerns or anomalies. 
• Ensure business continuity by having processes and systems in place to support all activities. 
• Deliver a world class service through others by ensuring a client centric culture through required interventions. 
• Build and maintain relationships with internal and external stakeholders through regular engagement. 
• Participate in internal and external forums and committees to share and acquire understanding of factors influencing the business, Cluster and the Group. 
• Ensure compliance by managing adherence to Group Risk and Compliance policies and regulatory requirements. 
• Mitigate financial risk by staying abreast of and aligning to changes in accounting standards, policies and regulatory requirements. 
• Enhance productivity and create operational efficiencies through process improvements and/or automation, utilizing group centralized services, identifying resource inefficiencies and promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes. 
• Embed correct values by ensuring direct reports understand support Nedbank's vision, values and strategy and are measured on delivery against these. 
• Manage performance of direct reports and ensure accountability for managing the performance of their reports by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognizing and rewarding achievement and taking appropriate corrective action where acquired. 
• Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback. 
• Drive to execute own and direct reports planned development by attending learning, seeking coaching or other industry or technical learning events and opportunities. 
• Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilizing the talent management principles and developing talent retention programmes (e.g. rotation)
• Contribute to a culture conducive to the achievement of transformation goals through staff recruitment, retention, training and procurement and support business strategies that improve the corporate image by ensuring self, managers and team participate in Nedbank culture building initiatives. 

People Specification

Essential Qualifications - NQF Level

• CA (SA)
• Professional Qualifications / Honours' Degree

Essential Certifications

• SAICA

Minimum Experience Level

• Minimum 10 years financial management in banking and/or Wealth Management and 5 years managing others. 

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
• Communication
• Building talent
• Guiding Team Success
• Continuous Improvement
• Building partnerships
• Driving for Results