Job Vacancies at Barclays

Job description

An opportunity has become available. We are looking for an individual to actively manage the process of financial reporting to internal and external stakeholders of the Group to ensure that financial reporting is performed accurately and timeously and complies with International Financial Reporting Standards (IFRS), JSE Limited listing requirements and the Companies Act as well as specific requirements as communicated by analysts, the Group Audit and Compliance Committee and the Board of Directors for Barclays Africa Group Limited and Absa Bank Limited.

Accountability: Stakeholder engagement

• Attend to queries from Fitch, Moody's, external auditors, Barclays, financial analysts and the JSE Limited by requesting information from the relevant team members and reviewing the responses for accuracy and validity
• Liaise with auditors regarding the review of financial statements and ensure that comments raised by auditors are being dealt with adequately. Meet with auditors to discuss audit budgets and possible fee overruns to be presented to the financial controller.
• Update and/or review the relevant sections of the quarterly communication to business units.
• Ensure that the activities of the team meets the needs of all key stakeholders.

Accountability: Internal reporting

• Check the accuracy between the Exco report, GACC report, Board report, Segment report, the financial results booklet as well as the financial statements.

Accountability: External reporting

• Ensure compliance to the Group's accounting policies, the Companies Act and King III.
• Engage with the chairmen of the relevant sub-committees and ensure that all their queries and concerns are addressed in terms of the reports prepared by the team.
• Review and sign off external market reports for half year end year-end.
• Design of reports - meet with graphic designers and discuss ideas for the design of the external reports, discuss with the Financial Controller and Group Marketing, provide feedback to designers and ensure that corrections have been made as requested, send skeleton booklet to typesetters/designers in order to apply the designs and proof-read to confirm consistency throughout the document.
• Segment Reports - Bank and Group consolidated - review segment report and confirm that all structure changes and other changes are incorporated as instructed, follow up on any queries/issues raised. e.g. queries on results where segments do not agree with actuals for the current year or prior year, review disclosures to verify that it is in line with changes in accounting standards, review the restatements file, comparing the prior year/period figures reported and current database figures and analyzing and understanding restatements/reclassifications, review ratio calculations per segment, assessing these for reasonability and inclusion in the segment report disclosures for review and signoff by the segments, review the segment disclosures (market and (geographical) for inclusion in the booklet and financial statements.
• Review web forms needed for external market reports prior to release to ensure that all the relevant disclosure requirements are included in the web forms and that the necessary checks and validations are in place to ensure accurate submission by business units.
• Assist in preparing reports to the GACC and the Board with regards to restatements of prior period numbers.
• Ensure that the Group keeps up to date with content that is presented in external market reports of other South African Banks and/or other leading international players.
• Prepare recommendations to the financial controller and the Group Audit and Compliance Committee on how these reports can be better presented based in research conducted, change in regulatory/industry requirements and changes to the business of the Group.
• Request additional roll up structures in Analyst to meet reporting & disclosure requirements for Barclays Africa Group Limited purposes.
• Review and approve restatements by checking the technical accounting requirements and the accuracy of the numbers and journals.
• Confirming accuracy of disclosures through analysis and comparison to other reports within the team. Review all components of external reports to ensure reasonability, validity, accuracy and consistency across all. Ensure that financial information in other reports (included in the integrated report) agrees to financial information as reported in other external reports.
• Check for the completeness, accuracy and presentation of external reports and other documentation. Ensure that the responsible team members take full responsibility of all aspects of their relevant area of responsibility.

Accountability: Team leadership and development

• With the support from HR, interview and recruit direct reports.
• Motivate employees in the team and ensure that their efforts are recognized.
• Ensure that poor performance is addressed through the Absa Performance
• Accelerator Programme and that continued poor performance is adequately dealt with.
• Approve leave requests for direct reports and ensure that the team manages the leave effectively.
• Lead a team of financial specialists to achieve accurate and timeous financial reporting through continuous people development and mentoring activities.
• Ensure the development of a high-performing team through embedding formal
• Performance Development and informal coaching.
• Establish and maintain a succession plan for the team members using the formal
• Talent Management process for identified talent and an informal process for remaining roles.
• Act as first level escalation point for grievances raised in the team.
• Manage resource requirements and motivate additional requirements where needed.
• Address training requirements which includes Microsoft Office, IFRS, soft skills and report writing.
• Diversity: manage and ensure that every team member is treated with respect in terms of culture and religion
• Do quarterly PD health checks with staff and ensure that they are meeting their required level of performance.
• Allocation of tasks and responsibilities within the team, based on staff's expertise, capacity and knowledge.

Accountability: Monitoring, review and control

• Approval of general ledger accounts and exco codes to ensure compliance to the
• Group's accounting policies
• Review the mapping changes submitted by business units before working day -5 and assess whether changes/requests are reasonable.
• Review web forms (supplementary schedules) submitted by team members to ensure that it adheres to the required format and that it addresses all disclosure requirements to all relevant stakeholders.
• Review and approve changes to the Exco master (Analyst).
• Constantly review and improve processes to limit manual invention, dependence on key staff members and potential for error and misstatement.
• Refresh SOX documentation and ensure that team members adhere to all SOX controls. Take part in SOX refresh workshops and formulation of key risks and controls for the Group Financial Reporting Risk and Control Assessment. Review and maintain SOX process documentation for the Reporting team.
• Assist with the updating of user and working guides
• Review note specifications including mapping of notes and challenge team members' understanding of exco codes and processes.
• Ensure that documentation is retained and filed in terms of the Group’s retention policy.
• ·Review numbers and ensure that these are supported by numbers in Analyst/HF ensure that supporting documentation accompanies the numbers which are not supported by the aforementioned databases.

Education and Experience Required

• NQF Level 7: Honours/Master’s Degree
• B. Comm (Accounting Science)
• Honours in Accounting Science
• Certificate in the Theory of Accounting
• Diploma in Auditing
• Chartered Accountant CA(SA) or international equivalent
• 3 year articles at an audit firm
• 3 - 5 years post-articles experience

Strictly EE candidates only

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Job description

An exciting opportunity is available within the Retail Credit Risk Function. Reporting to the Head Risk Management Home Loans, take responsibility for managing the risk appetite, credit scoring and end-to-end underwriting of credit strategies for existing customers within the Risk Management function for Unsecured lending (Personal loans, Revolving Loans, Study loans and Cheque accounts).

Develop, implement and monitor the effectiveness of existing customer strategies on multiple platforms and ensure efficient underwriting and campaigning through all channels. Work with the Strategic Business Units (SBU’s) to ensure predictive risk and marketing techniques are established and deployed by business.

Outputs to deliver against the purpose (30%):

• Work with appropriate stakeholders to develop and validate an effective business plan for existing customers that best maximises the opportunities from the Absa Consumer Banking network within an acceptable risk/reward profile.
• Ensure lending policies align with the overall Risk Management objectives and is in line with the overall Retail and Business Banking (RBB) Strategic direction.
• Ensure business originated for existing customers is within stated Risk Appetite on an on-going basis.
• Review, implement and monitor the effectiveness of the Additional Monthly Repayment (AMR) calculations and strategies, Pay / No Pay strategies and Risk Grading methodology in Triad.
• Review, implement and monitor the effectiveness of other credit rules; including: credit decline rules, credit refer rules, Debt Service Ratio (DSR), limit and term criteria.
• Ensure full interaction with Pricing and Profitability to ensure alignment between Risk Appetite, Underwriting Strategy and Pricing for existing customers.
• Understand the interaction between the macro environment and credit performance – and adjust credit underwriting strategy within Risk Appetite accordingly – based on macro expectations.
• Maintain documentation of end-to-end credit underwriting strategy for existing customers.
• Ensure systems used for implementing the credit underwriting strategies are fit for purpose and identify enhancements.
• Contribute (strategically) to building the vision and developing successful practices for Consumer Banking and the wider Credit Risk Management Team.

Analysis and Reporting (20%):

• Manage and co-ordinate the development of reporting requirements and portfolio measures for the product Risk Management team through the Absa and Barclay’s committee structures.
• Present key credit trends and highlight recommendations and risk mitigation plans to the relevant Risk Management Head by either extracting data from within own team or consolidating data from central MI team.
• Ensure monthly Portfolio Performance Reports (with commentary) are submitted in accordance with the agreed deadlines and required standards and that all actions are addressed and feedback given in a timely manner.
• Ensure the development of more frequent MI (daily, weekly, monthly, as required).
• Oversee the quality of reports to ensure they cover performance monitoring and benchmarks.
• Support and stand in for the Head of Risk Management as and when required.

Stakeholder Management (10%):

• Liaise with various internal stakeholders (e.g. Risk Management, Credit Lending, Product Head, IT and Enablement, Group Risk) to secure their respective support in the implementation of changes to the credit underwriting strategies for existing clients and also ensuring capacity exists to implement.
• Review and report strategy performance and trends to the Head: Risk Management Unsecured, Portfolio Quality Review Meeting, Retail Credit Risk Committee, Group Risk teams, and Product Teams.

Governance and compliance (10%):

• Test the implementation of changes to underwriting strategies.
• Ensure compliance with relevant Group Policies.
• Ensure that all legislative requirements are complied with (e.g. National Credit Act, Basel).
• Support relevant Audits and ensure any potential audit findings are addressed in-line with committed dates.

People Management (30%):

• Ensure delivery of business goals by aligning Performance Development (PD) Plans of direct reports to the business goals.
• Instill a performance development culture through directing the PD process and adhering to the PD calendar.
• Pro-actively identify development areas of direct reports and compile development plans to address them.
• Attract and retain talent, with the assistance from the HR Business Partner.
• Interview and recruit new members of the team, including determining appropriate compensation levels with input from HR.
• Compile a headcount plan to ensure that current and future business requirements can be met and obtain approval from the Head: Risk Management for any additional headcount that might be needed for the team.
• Identify team capabilities and develop a succession plan, with the assistance from the HR Business Partner.
• Initiate disciplinary action process as and when required, with the assistance of the Employee Relations Consultant.
• Act as the first line of escalation for all grievances.
• Conduct monthly meetings with the team to address performance gaps.
• Effectively lead team members and ensure their efforts are recognised.
• Ensure execution of plans seeking to address employee related issues - e.g. Employee Survey (EOS) action plans.

Education (Non Negotiable)

• B degree in Accounting/Finance/Statistics/Risk Management or an NQF Level 6 equivalent
• B Honours degree in Accounting/Finance/Statistics/Risk Management or an NQF Level 7 equivalent

Experience Required (Non Negotiable)

• 3 years’ experience in credit risk analysis.
• 3 years’ experience in developing data driven analytical strategies in a financial service industry.
• 3 years SAS exposure/experience and appreciation (or other programming language).
• 3 years in depth knowledge of the credit tools and systems used.
• 5 years’ experience in Financial service industry.
• 5 years’ experience with Acquisitions, Existing Customer
• Management (ECM) and/or Pricing strategies in the Credit Risk environment.

Knowledge & Skills:

• Knowledge of Impairments calculation & forecasting (Advanced)
• Analytical skills (Advanced)
• Innovation (Advanced)
• Relationship Management (Advanced)
• Communication skills (Advanced)
• Team Building skills (Solid)
• Ability to work under pressure (Advanced)
• Project Management skills (Solid)
• Understanding of business strategy (Advanced)Required
• Skills SAS (Advanced)

Competencies:

• Analysing
• Deciding and initiating action
• Leading and supervising
• Persuading and influencing
• Delivering results and meeting customer expectations
• Creating and innovating
• Formulating strategies and concepts
• Coping with pressures and setbacks

If this opportunity is in line with your career interests and skills, we look forward to receiving your application.

For further details or to request the full Role Profile, please contact Wendy Gaillard / [email protected]

Strictly EE only

Only candidates with RELEVANT experience will be considered.