Head of Finance : Business & Personal Banking

Bidvest Bank; Johannesburg; On-site; ZAR 1,300,000 - 1,800,000; Full time

Job summary

A leading financial institution in Johannesburg seeks an experienced Head of Finance to shape the future of Business and Personal Banking. This pivotal role is responsible for driving strategic financial performance, developing financial and operational strategies, and managing finance functions. The ideal candidate has over 10 years in banking and significant management experience.

Qualifications

• 10+ years in a financial position within Banking.
• Experience partnering with a business unit – Divisional head.
• 5+ years of experience within Personal, Business Banking and Card.
• At least 5 years management experience.
• Experience as a divisional head or divisional CFO.

Responsibilities

• Drive strategic financial performance across banking portfolios.
• Accountable for finance strategy and business performance.
• Oversee financial planning and analysis process.
• Manage financial operations and end-to-end finance.

Job description

Overview

PRIMARY PURPOSE

Are you a visionary finance leader ready to shape the future of Business and Personal Banking?

We're looking for a dynamic Head of Finance to drive strategic financial performance, enable growth, and deliver value across our banking portfolios. This is a pivotal role for a purpose-driven leader who combines deep financial expertise with commercial acumen.

You will be accountable for partnering with the Business and Personal Banking division, responsible for finance strategy, business performance, financial planning and analysis. Includes the development of a financial and operational strategy as well as business cases on new initiatives. The role manages staff members with both national and regional reporting. The role is part of the senior management team. Setting the strategy together with the executive member for Business and Personal Banking is key to this role.

Key Performance Areas

FINANCE

Strategic Finance

• Oversee the process for business case within customer solution for new initiatives.
• Oversee pricing models within customer solution in order to support strategic pricing decisions.
• Support new initiatives within customer solution.
• Support and manage strategic planning on all businesses within customer solution

Business Performance

• Ensure all mandatory reporting for customer solution is done accurately and timely.
• Participate in key decisions as a member of the executive management team within customer solution.
• Manage any third parties to which functions have been outsourced.
• Maintain in-depth relations with all members of the management team.

Financial planning & Analysis

• Oversee financial planning for all business units in customer solution, working closely with all business units internal and external.
• Support any bank executive discussions on performance of business units.

Stakeholders

• Deliver credible and effective stakeholder relationships.
• Ensure the creation of partnerships with business owners.

Financial Operation

• Oversee financial operations and participate in key financial operational decisions of the bank.
• Oversee end-to-end finance for customer solution including direct and indirect reports on a daily basis.

Operational Excellence

Strategic Finance

• Oversee that all models have been updated and maintained by team members.
• Oversee all pricing discussions and ensure that suffusion models have been used by team members.

Business Performance

• Oversee all business performance information. Ensure that information is relevant and that it can be used to drive performance within the business.
• Use information to drive performance within customer solution.

Financial planning & Analysis

• Oversee financial planning and analysis process within customer solution.

Financial Operation

• Oversee that financial operation is done correctly to minimize risk to the business.
• Manage end-to-end finance for customer solution including direct and indirect reports on a daily basis.

Learning and Growth

Training of Subordinates

• Ensure multi-skilling takes place within the team and employees receive exposure in all areas of the function based on skill set and capabilities.
• Arrange training and development exposure aligned with identified development areas and encourage ownership of professional development.
• Coaching and mentoring.

Requirements

Qualifications : ACMA / CA (SA); ACMA / CA(SA) plus a Masters qualification.

Experience :

• 10+ years in a financial position within Banking.
• Experience partnering with a business unit – Divisional head.
• 5+ years of experience within Personal, Business Banking and Card.
• At least 5 years management experience.
• Experience as a divisional head or divisional CFO.

Knowledge, Skills and Abilities Required

• Knowledge and understanding of the complexities involved in Finance within payment systems.
• Expert knowledge of Accounting Principles, internal policies and procedures.
• Ability to operate effectively under pressure.
• Financial acumen.
• Management and leadership skills.
• Attention to detail.
• Excellent communication skills.

Work Conditions

WORK CONDITIONS : OFFICE BOUND

This position is advertised in line with our commitment to Employment Equity plans.