Head of Finance Personal and Business Banking

Bidvest Bank Limited; Sandton; On-site; ZAR 500,000 - 600,000; Full time

Job summary

A prominent banking institution in Sandton is seeking an experienced Finance Manager to oversee financial strategy for Personal and Business Banking. The ideal candidate must have over 10 years of banking experience, including management roles, expertise in financial operations, and strong leadership skills. This position is office-bound, aligning with employment equity commitments.

Qualifications

• Over 10 years in financial positions within banking.
• Experience as divisional head or CFO, with at least 5 years in personal and business banking.
• Management experience of over 5 years.

Responsibilities

• Manage finance for Personal and Business Banking.
• Develop financial and operational strategy.
• Oversee financial operations and participate in decisions.

Skills

Financial acumen

Leadership

Excellent communication

Attention to detail

Education

ACMA / CA (SA) plus Masters qualification

Job description

Primary Purpose

Accountable for managing Finance for Personal and Business Banking, including finance strategy, business finance, financial control, business performance, financial planning, and analysis. This role involves developing a financial and operational strategy, creating long-term strategic plans, and business cases for new initiatives. The role manages staff with both national and regional reporting and is part of the senior management team of retail and business banking. Collaborating with the executive member for personal and business banking to set the strategy is key.

KEY PERFORMANCE AREAS

FINANCE

Strategic Finance

• Oversee the process for business cases within customer solutions for new initiatives.
• Oversee pricing models within customer solutions to support strategic pricing decisions.
• Support new initiatives within customer solutions.
• Support and manage strategic planning across all businesses within customer solutions.

Business Performance

• Ensure all mandatory reporting for customer solutions is accurate and timely.
• Participate in key decisions as a member of the executive management team within customer solutions.
• Manage third-party functions outsourced by the company.
• Maintain in-depth relations with all management team members.

Financial Planning & Analysis

• Oversee financial planning for all business units within customer solutions, working closely with internal and external stakeholders.
• Support bank executive discussions on business unit performance.

Stakeholders

• Build credible and effective stakeholder relationships.
• Create partnerships with business owners.

Financial Operations

• Oversee financial operations and participate in key operational financial decisions.

OPERATIONAL EXCELLENCE

Strategic Finance

• Ensure models are updated and maintained by team members.
• Oversee pricing discussions and model usage by team members.

Business Performance

• Oversee all business performance data, ensuring relevance and usefulness for driving performance.
• Utilize information to enhance performance within customer solutions.

Financial Planning & Analysis

• Oversee financial planning and analysis processes within customer solutions.

Financial Operations

• Ensure financial operations are correctly executed to minimize risks.
• Manage end-to-end finance functions for customer solutions, including direct and indirect reports.

LEARNING AND GROWTH

Training of Subordinates

• Promote multi-skilling within teams and provide exposure across functions based on capabilities.
• Arrange training aligned with employees' development needs and encourage ownership of professional growth.
• Engage in coaching and mentoring.

Requirements

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

Experience: Over 10 years in financial positions within banking, including roles as divisional head or CFO, with at least 5 years in personal, business banking, and card sectors. Management experience of over 5 years.

Knowledge, Skills, and Abilities

• Understanding of financial complexities in payment systems.
• Expertise in accounting principles, internal policies, and procedures.
• Ability to operate under pressure.
• Financial acumen, integrity, leadership, attention to detail, and excellent communication skills.

WORK CONDITIONS

Office-bound

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