Head: Financial Control

Bidvest Bank; Johannesburg; On-site; ZAR 700,000 - 900,000; Full time

Job summary

Bidvest Bank is seeking a Financial Control Manager to oversee financial functions, ensuring compliance with statutory regulations and managing audits. The ideal candidate will have a CA(SA) qualification and extensive experience in a financial control environment, demonstrated leadership skills, and a commitment to operational excellence.

Qualifications

• 5-8 years of experience within the banking industry.
• Experience in auditing is ideal.
• Strong understanding of financial control and statutory reporting.

Responsibilities

• Lead the Bank’s financial control department and operations.
• Manage year-end audit processes and regulatory timelines.
• Implement financial controls and drive cost-saving initiatives.

Skills

Financial Control

Management

Leadership

Integrity

Education

CA(SA)

Job description

Job Location : Gauteng, Johannesburg Deadline : July 24, 2025 Quick Recommended Links

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PRIMARY PURPOSE

• Accountable for managing the financial control function within Bidvest Bank and 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.

OPERATIONAL EXCELLENCE

• 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 Bidvest Group financial year packs and Bidvest Bank and related subsidiaries Annual Financial Statements within regulatory timelines
• Manage all Bidvest Group finance related matters for Bidvest Bank and all Bank related entities
• Identify and implement opportunities to improve current financial processes (innovation, automation and efficiencies)
• Lead and direct Bank wide Cort 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

CUSTOMER CENTRICITY

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

GOVERNANCE

• 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 risks 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)

LEARNING, GROWTH & CULTURE

• Living the Bank’s values (Respect and Honesty, Innovation, Transparency and accountability, Integrity, Excellence) consistently
• Lead and drive a positive and energetic environment within the financial control and procurement teams, as well as contribute to overall positive culture across all other areas of finance
• Drive own personal and career development
• Arrange training and development exposure in line with identified development areas of employees and encourage employees to take ownership of professional development
• Identify future finance and procurement skill requirements to enhance efficiencies across departments
• Coaching and mentoring of staff

REQUIREMENTS QUALIFICATIONS AND EXPERIENCE

• Qualification : CA(SA)
• Experience : 5 years in a similar capacity managing the entire function / 5 – 8 years within the industry, experience in an auditing firm is ideal

KNOWLEDGE, SKILLS AND ABILITIES REQUIRED

• 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
• Integrity
• Management and leadership 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

WORKING CONDITIONS

• Office bound

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