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.

Expertise & Technical Competencies    
Financial Analysis

• Interprets, analyses and/or evaluates compliance with applicable legislation, sound regulatory practices and procedures, generally accepted accounting principles, and other such rules and regulations.
• Analyses or interprets financial records and develops program procedures, financial models, and databases.
• Demonstrates thorough knowledge and understanding of applicable regulations, rules, entity/company practices, concepts, and industry issues.
• Demonstrates thorough knowledge or experience working with legal and regulatory issues in their subject area.
• Develops and maintains effective working relationships with regulated industries, government officials, administrators, and civic leaders.
• Demonstrates strong understanding of accounting standards and IFRS standards.

Business Acumen

• Understanding of DBSA mandate and economic priorities of South Africa and Africa, and how they can be implemented to meet the organisation’s strategic objectives. Takes actions to fit business strategy and assesses and links short-term tasks in the context of long-term business strategies or perspectives.
• Anticipates possible responses to different initiatives and understands the projected direction of the industry and how changes might impact the organisation.
• Actively develop short and long-term strategies and think and plan in future-oriented terms.
• Uses methodical problem-solving approach as foundation for effective decision making, considering importance, urgency & risk and can obtain essential information, focus on key objectives and be able to recognise options available for solving strategic and operational problems.
• Be able to select the right approach to overcome those obstacles and be able to set in motion the plan that gets things done.
• Focus, understanding consequences and affinity for problem solving and making sound decisions by combining a lot of factors whilst balancing the various stakeholder needs and building relationships by doing the right thing.
• Prepares annual business plans that consider longer-term activities, issues, problems, or opportunities.
• Develops and establishes broad-scale, longer-term objectives, goals, or projects (e.g., affectinga business, department, or organisation).

Strategic Planning

• Ability to analyse business trends, implications, and options to devise holistic and long-term strategic plans as well as execute the required change is essential to meet an organisation's objectives and future goals.
• Looks to the future with a broad perspective.
• Develops initiatives to achieve goals and objectives.

Financial Acumen

• Makes sound financial decisions after having analysed their impacts on the organisation, partner agencies, and community.
• Knows the internal and external factors that impact resource and asset availability.
• Is able to interpret management account reports in an operational/commercial context and take action as appropriate to maximise sustainable
• development outcomes, revenues, and control costs.

Reporting and Communication

• Designs, reviews, and improves reporting processes and provides guidance.
• Manages report preparation, takes an editorial role, determines content and level of detail, and ensures consistent messaging and branding.
• Is relied on by others to help them write complex technical and non-technical documents and briefs.
• Is able to determine which aspects of this knowledge area need to be transferred to others to achieve organisational goals.
• Coaches others and transfers communication skills and knowledge to others.
• Able to communicate complex problems or concepts by making them simple and understandable for others.
• Adapts language to the level of the audience to ensure that the message has a positive impact and is interesting to the audience.
• Is articulate, demonstrates a wide range of vocabulary, and is confident when talking to large/high-level audiences.

IFRS and tax knowledge application

• Review and analyse funding instruments and ensure they are correctly accounted for.
• Assess IFRS implications of the various treasury transactions.
• Is able to review and understand, and engage in specialist reports in making approval/decline decisions for transactions.
• Is able to review, understand the full implications of new products and be able to approve new products.

Negotiation Skills

• Has an appreciation of cultural sensitivities and differences.
• Effectively employs a variety of advanced behavioural/interpersonal competencies to control the negotiation situation.
• Is able to take the lead in a variety of sensitive negotiation situations requiring high levels of tact and diplomacy.
• Is able to place a discrete negotiation situation within the context of a broader long-term relationship and is not threatened by conceding ground to protect the longer-term interests of DBSA.
• Understands and can apply basic negotiating skills and techniques, e.g. obtaining a full understanding of the other party's agenda and needs before disclosing own perspectives.
• Possesses an understanding of various unspoken communications from other parties and can decipher hidden agendas.
• Is able to successfully conclude negotiations which require the development of an emotional as well as factual argument.
• Is able to develop mutually beneficial potential solutions.

Project Management

• Defines, plans, and manages large and/or strategic projects, including those with a high degree of technical complexity.
• Assembles multi-disciplinary teams, ensuring maximum effective resource utilisation.
• Successfully manages project budgets and reports directly to senior managers on the progress and results of projects.
• Identifies complex issues that need escalation and proposes appropriate corrective actions.

Planning & Organising

• Coaches others on advanced planning and organising skills.
• Plays a role in transferring advanced planning and organising skills and knowledge to others.
• Identifies and acts on opportunities to partner with other units in the department to achieve desired results.
• Develops partnership agreements that ensure win-win outcomes for all parties.

Funding and debt capital markets

• Understanding of how to engage investors and effective participation and presentation offinancial results at investor non-deal road shows
• and deal road shows.
• Understanding of JSE Debt Listing requirements and investor relationship management skills, and ongoing management and resolution of investor
• questions on asset and liability portfolio.

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.

Deadline:6th August,2026