Head of Finance: Transactional Banking Product

Job Purpose To lead a team responsible for the management and analysis of all financial activities; make recommendations in line with Nedbank CIB strategy to enable the business to make informed financial decisions.**Job Responsibilities** * End to end financial responsibility of Transactional Service’s products and services * The HOF will be responsible to manage the validity, accuracy, and completeness of the financials for all products and services * Tracking p and l of the product daily and reporting to the daily p and l CIB tracker * Manage the processing and reporting of month end, quarter end, half year and year end to stakeholders in business, the CFO TS and group finance. * Review and analyse ratios relevant to profitability and return for the products * Provide insight on key drivers of profitability and returns. * Robust understanding of the revenue drivers for the product and monthly review and reporting on validity, accuracy and completement of the expenses * Robust understanding of the expense drivers for the product and monthly review and reporting on validity, accuracy and completement of the expenses * Robust understanding of the capital drivers for the product and monthly review and reporting on validity, accuracy and completement of the expenses * Ongoing collaboration with business on cost saving initiatives, set up and agree measurement targets for cost savings. Track and report monthly. * Ensure that all products are reporting in line with International Financial reporting standards. * Manage daily activities to ensure accuracy and completeness of financials. * Track ongoing financial performance by analysing month\-end results and reporting to business and the Group. * Enable financial performance against targets by identifying deviations and recommending corrective action or providing justification. * Ensure business continuity by having processes and systems in place to support all activities. * Meet internal customer requirements to ensure adherence to service level agreements. * Build and maintain relationships with internal and external stakeholders through regular engagement. * Participate in internal and external forums and committees to share and acquire understanding of factors influencing the business and the Group. * Engage and co\-ordinate with the business to translate business strategy into approved financial plans and targets in line with Group and regulatory requirements. * Ensure compliance by managing adherence to Group Risk and Compliance policies and regulatory requirements. * Mitigate financial risk by staying abreast of and aligning to changes in accounting standards, policies and regulatory requirements. * Plan, co\-ordinate and manage team to achieve deliverables. * Enhance productivity by identifying, implementing and supporting process improvements. * Meet business objectives by making timeous and informed decisions. * Optimise efficiency and embed correct values by ensuring direct reports understand and support Nedbank's vision, values and strategy and are measured on delivery against these. **Job Responsibilities Continue** * Manage performance of direct reports and hold them accountable for managing the performance of their reports by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and taking appropriate corrective action where required. * Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback. * Drive to execute own and direct reports planned development by attending learning, seeking coaching or other industry or technical learning events and opportunities. * Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (e.g. rotation). * Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members, ensuring mentoring, coaching and day to day activities. * Improve productivity and reduce costs by improving work processes through offering innovative ideas and input and soliciting input from managers and teams. * Ensure transformational targets are met through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list for department. * Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self, managers and team participation in Nedbank culture building initiatives. * Deliver a world class service through others by ensuring a client centric culture through required interventions. Identify areas of resource inefficiencies and promote optimisation through promoting multi\-skilling and addressing capacity gaps by reviewing and improving work processes. Preferred Qualification Chartered Institute of Management Accountants (CIMA) Preferred Certifications * Chartered Accountant Minimum Experience Level * 7 years financial management in financial services sector and 5 years managing others. **Technical / Professional Knowledge** * Business administration and management * Client service management * Financial Accounting Principles * Governance, Risk and Controls * Principles of project management * Relevant regulatory knowledge * Stakeholder management * Strategic planning * Talent management Behavioural Competencies * Building Partnerships * Communication * Building talent * Guiding Team Success * Continuous Improvement * Building partnerships * Driving for Results EE Statement Preference given to underrepresented groups \- ***Please contact the Nedbank Recruiting Team at \+27 860 555 566***