Treasury Controller at Development Bank of Southern Africa (DBSA)

Job Description    

• To implement sound financial management, reporting, and control of DBSA’s treasury assets and liabilities portfolio by maintaining strong governance, compliance, and operational efficiency. The role executes treasury accounting processes, financial reporting, regulatory submissions, and system integrity by providing accurate insights to support strategic decisionmaking and adherence to IFRS, PFMA, and other applicable standards.

Key Responsibilities    
Financial Management

• Monitor and maintain the treasury asset and liability portfolio, ensuring accurate financial control and compliance with internal policies, regulatory, and tax requirements.
• Apply financial policies, procedures, and controls consistently to safeguard assets and support treasury operations.
• Support forecasting, budgeting, and scenario planning to provide insights for corporate and divisional financial strategies.
• Effect accurate processing and monitoring of payments, maintain strong internal controls, and mitigate fraud risk.
• Assist in the preparation of financial reports, audits, regulatory submissions, and contribute to continuous improvement in financial control, working capital, and risk management practices.

Management Reporting and Systems

• Prepare and review management, financial, and statistical reports for executive decision-making.
• Support the development of budgets and financial forecasts for DBSA’s operations and investments.
• Contribute to the enhancement and alignment of financial systems (SAP FICO, Quantum) with business and reporting needs.
• Drive continuous improvement of management information systems and reporting capabilities.
• Collaborate with finance teams to ensure timely and accurate management reporting.
• Participate in ad hoc financial projects, task groups, and committees.

Treasury Operations

• Draft accurate and compliant in month-end, interim, and year-end financial statements and reports.
• Prepare and review journal entries and ensure the accuracy and integrity of financial data.
• Review treasury deal activities, payments, and interest rate resets.
• Maintain oversight of settlement processes and segregation of duties.
• Monitor access logs and system activities to strengthen internal controls.
• Manage the independent review of system logs and where changes are made to deals, there are supporting documents which would have followed through the governance processes as part of internal control monitoring.
• Prepare hedge accounting documentation and reconciliations.
• Coordinate internal and external audits and track findings to resolution.
• Identify and mitigate risks, ensuring controls are implemented effectively.
• Lead process improvements to enhance efficiency and cost savings.
• Conduct analytical reviews to ensure data integrity in balance sheet and income statement items.
• Draft accurate and compliant financial statements and reports, prepare and review journal entries, and ensure the integrity of treasury data.
• Review treasury deal activities, payments, interest rate resets, and maintain oversight of settlement processes and segregation of duties.
• Monitor system access logs, document governance changes, and maintain strong internal controls, including hedge accounting reconciliations.
• Coordinate internal and external audits, track findings to resolution, and identify and mitigate operational and financial risks.
• Lead process improvements, conduct analytical reviews, and enhance efficiency, cost savings, and data integrity across balance sheet and income statement items.

Stakeholder Management and Finance Partnerships

• Build and maintain strong relationships with internal teams and external stakeholders, including National Treasury, rating agencies, investors, and funders, to support strategic and operational objectives.
• Prepare and provide inputs for covenant reporting, SENS announcements, investor communications, and regulatory submissions, ensuring compliance with JSE Debt Listing and other requirements.
• Collaborate with Treasury and Debt Sponsor teams, providing guidance and support to colleagues to strengthen financial operations, decision-making, and investor relations activities.

Reporting and Analytics

• Provide comprehensive analytics and high-quality reporting that support strategic decision-making and drive organisational improvement.
• Analyse complex data and deliver accurate, stakeholder-focused reports with clear, actionable insights and visualisations.
• Identify trends, anomalies, and key insights that influence strategic planning and operational adjustments.
• Produce accurate, insightful reports and continuously monitor key metrics to assess progress against objectives.
• Analyse data to identify trends, inform strategic decisions, and provide stakeholders with clear, actionable information that supports ongoing performance improvement and accountability.

Key Measurement of Output

• Accurate, complete, and timely preparation of quarterly, annual, and management financial reports, fully compliant with IFRS, PFMA, and JSE Debt Listing Requirements.
• Accuracy and reliability of Treasury budgets, forecasts, and scenario models, including income statement, balance sheet, and cash flow projections.
• Delivery of high-quality analytics, insights, and presentations to Executive Committees.
• Effectively implement processes with detailed procedural manuals as well as policies and documentation of business processes, which should be reviewed and updated quarterly.
• Management of Client Relationships and key internal and external Stakeholders.

Qualifications

• A Bachelors Degree in Accounting

Experience

• A minimum of 8 years’ experience in management accounting in medium to large, complex organisation with multidimensional businesses within the banking sector.
• Experience in a treasury or back-office role in a complex banking environment.
• Experience in treasury, investment banking or financial services or secondary market activities.
• Demonstrated experience in IFRS 9, 13, 7, 1, 18 among other standards.
• External audit experience in banks, investment banks or financial services external audit experience.
• Financial instruments valuation experience.
• Working knowledge and understanding of key financial markets both locally and globally and knowledge of market risk dynamics, knowledge on management of distressed assets, restructuring of assets and non-performing loans.
• Understanding of debt capital markets, JSE & JSE debt listing requirements, market risks such as interest rate risk, current risks and price risks and ability to manage accounting for financial treasury liability products.
• Financial Modelling: Supports strategic planning through scenario analysis and forecasting.
• Demonstrated advanced Microsoft Excel modelling skills and PowerPoint presentation skills.
• Demonstrated knowledge of IFRS, PFMA and King IV and other applicable regulations and codes of good practice.
• Proven understanding of internal control systems and the operations of front, middle, and back-office Treasury functions.

Desirable Requirements

• Articles in an external audit environment would be an added advantage (external audit of treasury environments).
• A CA or CFA qualification.
• Exposure to African and global financial markets
• Understanding of SAP and Quantum treasury system and other accounting tools.