Current Opportunities at Absa Group Limited (Absa)

Job Summary

• Deliver day-to-day knowledge work, in order to execute predefined objectives as per agreed standard operating procedures (SOPs).

Education

• Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)

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Job Summary

• Develop tactical strategy and delivery plans, formulate associated practice/s and ensure operational implementation and adoption i.t.o. finance & performance management methodology, governance and delivery objectives.

Job Description

Key Accountabilities

Accountability: Financial Leadership and Support to business

• Provide direction to the business executive committee (exco)or individual Manco’s based on analytical review of the Business Performance and an understanding of key business drivers
• Provide clear direction to the Manco on what the business requirements and imperatives are by translating current business performance into actionable business objectives aimed and driving and improving performance.
• Translate Cluster strategy into meaningful operational targets for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit
• Represent the business at a Cluster Level and negotiate and secure the budget and plans for the business unit and together with the Head of Cost and Optimisation take accountability to ensure the delivery on the promised business results.
• Negotiate with the various stakeholders on the targets set and drive the overall achievement of performance objectives in the business unit through the performance management function within the required business parameters.
• Drive cost management objectives for functions within Everyday Banking
• Drive continuous process efficiency, financial rigor and controls. Pioneer and implement Finance best practices, digital solutions and effective change enablement.
• Drive change proactively aimed at continuous improvement in all areas of the business.
• Foster strong relationships with business units by establishing a customer service culture within the commercial finance team.
• Understand the Customer agenda and help business to adjust their financial plans to enable changing funding requirements
• Review of 3rd Party contracts and provide support to CFO for sign-off.

Accountability: Financial management and Business Partnering

• Drive the processes around month-end, year-end and planning cycles across the Everyday Banking finance community and BU based on the requirements from Group and Everyday Banking. Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
• Full finance function monthly for all support functions (Enablement functions) in Everyday Banking (reviewing of financial accuracy of records, passing of journals, contract and other accrual management, GRLS management, etc.)
• WD 2, 3, 4 and 5 Flash Reporting
• Working with business unit heads define the cost center 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 develop management reports internally.  Where applicable, 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
• Prepare the variance analyses for the different business units and discuss major variances, on the cost and income sides, with business unit heads to gain an understanding of the reasons
• Provide input and ensure the quality of submissions 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.
• Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit head and CFO.
• On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives

Accountability: Financial forecasting

• Prepare the detailed cost budgets of all support function (Enablement functions) in Everyday Banking (RAF, STP, MTP) in accordance with business plans.  Prepare for all cycles in advance and ensure adequate engagement with the relevant finance and BU teams.
• Prepare and critically review the financial plans during MTP, STP and RAF and quality check the consolidations prior to recommending approval to the Cluster CFO.
• Guide business unit team and participate in the forecasting and scenario planning processes by providing a view on the financial impact on the cluster of changing internal financial strategies
• Advise 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
• Review and amend the TP charge out methodologies of support functions (Enablement functions) in Everyday Banking to reflect the most accurate charge out of cost basis based on the usage of services.  Liaise with the central TP team to update charge out models accordingly and review output of these model.
• Preparation of interlock documentation on a yearly basis

Accountability: 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 implement 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
• Motivate team and implement measures in place to recognize their direct reports
• 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

Accountability: Risk Management

• Act as sponsor for the area’s Risk Management Control Framework and manage and ensure compliance of the relevant policies
• Implement areas identified in the review of audit issue/findings logs and ensure adequate attention is given to closure within the agreed timelines by the accountable incumbent within the team.
• Complete required compliance and SOX attestations and ensure that impacted team members complete their attestations
• Review and approve Control Risk Assessments (RCA's) prepared in the function.
• Complete attestations to testify to the adequacy of controls on request within specific area
• Implement Key Risk Scenarios. Actively work with other managers to ensure the risk in the BU is minimised and to ensure the optimisation of the amount of economic capital that has to be set aside for operational risk.

Role / Person Specification

Education and Experience Required

• NQF Level 7: Honours/Masters Degree
• CA(SA) or equivalent NQF level 7 qualification
• At least 5 years general management experience in a banking finance environment
• At least 3 years experience in successful performance management
• At least 3 years experience as a proactive change agent
• Experience in a Leadership role

Education

• Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

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Job Summary

• To deliver administrative services through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

• Quality Assurance: Maintain a desired level of quality in a service or product, especially by means of attention to every stage of the process of delivery or production | Meeting deadlines: Completes tasks timeously
• Capture invoices as per the Service Level Agreement
• Providing excellent client service
• Providing administrative support to the overall finance team

Education

• Further Education and Training Certificate (FETC): Office Administration (Required)

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Job Summary

• To prepare financial information for all stakeholders of the business for informed decision making and to support the business.

Job Description

Production related responsibilities:

• Accounting – posting to the General Ledger accurate and timely information, in accordance with IFRS
• Substantiation of the balance sheet – ensuring the full balance sheet can be substantiated
• Regulatory reporting alignment - ensuring the Balance sheet is aligned to reports send to regulator
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing and maintaining the control environment in which the business operates

In the process of production focus is needed on:

• Reporting – Ensuring reporting is accurate and timely
• Control – Ensure a robust control environment and report any deficiencies or issues to managers/relevant stakeholders
• Understanding and problem solving – Ensure solid understanding of the production requirements and assist with solutioning for issues that arise

Key Accountabilities:

• BS substantiation
• Reconciliations, including timely resolution of breaks/issues
• Financial reporting, including but not limited to monthly management packs
• Interaction with key stakeholders
• Process Owner (accountability)
• Strategic and/or Project and /or Change related Initiatives (efficiency etc)

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

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Job Summary

• To provide specialist advice and support on data analyst delivery, methods and techniques; enabling the construction, maintenance and expansion of data analysis..

Job Description

• Data Capabilities: Build analytical tools to generate insights, recognise patterns and predict behaviour | Business Partnership: Present insights/tactical plans to business areas to enable enhancements, new initiatives etc within the specific business being supported, to ultimately enable a better customer experience | Data Governance and Control: Ensure accuracy of Data collected and ensure Data governance required are met and adhered to

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

• Deliver day-to-day knowledge work, in order to execute predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

Relationship Management:

• Establish and maintain professional relationships through networking with industry leaders, regulators and policy makers as well as business partners that are key in the development of new ventures  

Delivery Business Development:

• Champion and manage business bulk acquisition strategic plan in line with Absa Business unit strategy  

Market Intelligence:

• Collect market intelligence through research by reading articles, publications, internet, word of mouth and networking on a daily basis to keep abreast of market developments

People Management:

• Coach, mentor and manage team members toward driving business objectives and ensuring colleague development

Operations & Compliance:

• Actively keep up to date with all relevant knowledge, legislation and developments within the business unit and banking industry that may have an impact on the Business Advantage

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)