Cluster Financial Controller: Enterprise Functions

2 weeks ago

Johannesburg, Gauteng, South Africa Absa Bank Limited Full time
Bring your possibility to life Define your career with us

  • With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary

The Cluster FC is the primary interface between the Regional Financial Control Functional heads and in cluster CFO.

The Cluster Financial Controller is responsible for business and product level knowledge in risk oversight and to act as Primary audit interface for cluster audits.

Responsible for review and oversight over all deliverables that are done at a cluster level, this includes statutory financial reports, regulatory reports, audit reports etc.


This role is critical to enable alignment between the top priorities of the business, the priorities of the relevant cluster CFO's and the priorities of Financial Control.

The Financial Controller needs to have a comprehensive understanding and oversight of the key enablers, key issues and top priorities in Financial Control, across all Functions in Financial Controls and across all entities in Africa.


Influence the Group Exco decision makers by providing an in-depth knowledge of financial performance, enabling the business, to deliver on strategic objectives, tax frameworks and setting the risk appetite for each cluster.


Job Description:

Key Accountabilities

Accountability:
Provide Strategic direction for the Cluster Financial Function

Outputs to deliver this accountability:

  • Act as the liaison with external and internal audit and provide assurance to the Cluster Exco and Cluster level Risk Committees that all controls are appropriate and financial statements are fairly stated.
  • Provide leadership to Regional Functional Heads in Financial Control on the following strategic matters:
o Implementation and embedment of initiatives relating to Project Horizon as this

integration affects your cluster

o Changes in Accounting Standards.

o Changes in Regulatory Standards.

o Changes in systems, IT platforms, processes and controls.

o Business Priorities and Strategy of the business

o Priorities of the cluster CFO's

o The Shared Services Strategy for Finance in Africa

  • To act as the primary interface between the Regional Financial Control Functional heads and in cluster CFO.
  • Key signoff of NPA process for cluster products/ new business.
  • Provide decision making support and recommendations regarding the MI presented to cluster Exco/ other cluster level Forums.
  • Facilitate scenario planning to the Cluster Exco and Group Finance regarding the actions that could be taken in various economic environments.
  • Provide leadership with regards to cost attribution models and transfer pricing that affects your cluster.

Accountability:
Chairmanship and Forum activities

Outputs to deliver this accountability:

  • Act as a member of the Cluster Operations Committee (OPSCO) or Cluster Executive Leadership Team and contribute to the strategic discussions regarding the Cluster strategy from a financial perspective and drive the implementation thereof.
  • Attend the forum of the divisional CFO's and deliver the financial agenda for the organization.
  • Act as a member of the sub committees of Cluster Exco's representing financial discussion in the Market Risk Committee and the RBB Asset and Liability committee.
  • Member of the Cluster Finance Exco.
  • Member of the Regional Financial Control Management Team.

Accountability:
Stakeholder Management

Outputs to deliver this accountability:

  • Facilitate the relationships with senior executives and resolve disputes in a professional manner.
  • Ensure collaboration between CFO's and Functional stakeholders.
  • Represent Cluster Financial Control on all Cluster Exco and provide informed
- recommendations and solutions to support Cluster's strategy and performance.

Accountability:
People Management

Outputs to deliver this accountability:

  • Together with the Financial Control Functional Heads and HR determine the people management strategy for the Financial Control resources responsible for your cluster, with a focus on talent management, development, resourcing and retention.
  • Review training needs for resources within Financial Control that are responsible for your cluster and ensure that the Finance Training Framework is appropriately updated to include new training requirements. Support the Absa Colleague Council in identifying suitable training partners for training courses specific to your cluster.
  • Review the outcome of the Talent Review process and approve nominations for Financial Control. Review effectiveness of the formal Talent Management process
  • Develop a solid understanding of the performance of resources in Financial Control that are responsible for your cluster, in order to contribute to their Performance Development discussions. Provide input

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