Overview
Head of Financial Control Jobs in Johannesburg, South Africa at MnT People Solutions
We have an
exciting
opportunity for a
Head of Financial Control
in banking. The incumbent will be accountable for managing the financial control function within the Bank and it’s subsidiaries. Includes the development of a financial and operational strategy, metrics tied to the strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
Financial control
Lead and direct all functions of the Bank’s financial control department, including: finance operations, financial & statutory reporting, tax and vat, debtors and creditors
Lead and direct all functions of the Bank’s related financial processes, policies and procedures
Oversee implementation and management of Key Financial controls across all functions across the Bank
Manage year end audit process including Group financial year packs and the Bank and related subsidiaries Annual Financial Statements within regulatory timelines
Manage all Group finance related matters for the Bank and all Bank related entities
Identify and implement opportunities to improve current financial processes (innovation, automation and efficiencies)
Lead and direct Bank wide cost saving initiatives in line with continued targets of reducing the Bank’s cost to income ratio annually
Assist CFO with any Controls, accounting, IT systems projects and financial matters as required
Technical financial accounting and structuring on any Bank and Bank related corporate finance matters
Member of Finance Manco Committee
Daily Operations
Advise on market best practice for all Financial Control functions and implement operational best practices
Monitor the implementation of strategic objectives
Take initiative for problem solving and have a solution driven mindset
Maintain strong and positive interpersonal relationships with internal departments and external parties
Act in the best interest of the Bank at all times
Ensure delivery of functions are met within all prescribed and regulatory timelines
Manage strong relationships with the Bank’s Executive Committee and management
Risk Management
Maintain a strong financial control environment with best practice processes and controls
Address internal / external audit matters timeously and implement controls to prevent future occurrence of findings. Continued target of only low risk findings.
Identify and communicate potential risks and relevant risk mitigating controls to be implemented
Lead and direct all financial operational risk matters in the Bank
Attendee at the Bank’s audit committee with participation into financial matters as required
Attendee at the Bank’s Senior Credit Committee and ALCO (as required)
Knowledge,
Skills and Abilities
Required (Competencies & level of competencies)
Knowledge and understanding of the complexities involved in Financial Control, Statutory reporting, technical accounting, Procurement and Taxation within the Bank
Expert knowledge – Tax Legislation, Principles and Accounting SA Governing Bodies and Reporting Structures as well as Reporting Framework and timelines
Internal policies and procedures
Ability to operate effectively under pressure
Financial acumen
Integrity
Management and leadership skills
Attention to detail
Excellent communication skills.
Knowledge and understanding of banking products and source system to GL reconciliations
Experience with managing year end external audit and internal audit engagements
Experience in Banking within a Financial Control environment
REQUIREMENTS (What is required to perform the Essential Duties)
CA(SA)
5 – 8 years’ within the industry, experience in an auditing firm is ideal
Title: Head of Financial Control
Company: MnT People Solutions
Location: Johannesburg, South Africa
Category: Finance & Banking (Financial Manager, Financial Compliance, Corporate Finance, Risk Manager/Analyst), Management (Financial Manager, Risk Manager/Analyst)
