Manager, Financial Risk & Capital Management at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system financial system for 150 years, and now spans 16 countries across the African continent.

Group Finance is a corporate function that serves the overall Standard Bank group across a variety of accounting disciplines – internal and external reporting, budgeting and planning, tax, technical accounting and investor relations. It also runs the bank’s capital management and regulatory reporting teams and the financial shared services processing centre. Group Finance has its own, dedicated SAP technical support and development team and a new financial systems and process improvement programme team known as Refine.

We are recruiting to fill the above position of:

Job Title: Manager, Financial Risk & Capital Management

Job ID: 12551
Location: Nigeria

Position Description

• Assist Financial Managers develop, initiate and maintain financial policies and procedures;
• Maintenance of adequate capital in accordance with regulatory requirements;
• Optimisation of capital structure, ensuring appropriate balance between tier I and tier II capital to ensure maximisation of RoE;
• Capital management planning and forecasting, ensuring both local and SARB requirements are met;
• Support ALCO in achieving appropriate balance sheet structures so as to balance capital requirements and returns.

Key result areas:
1.) Financial compliance

• Ensure there are appropriate financial policies and procedures guiding all functions in finance;
• Review all new products and processes to determine any financial compliance impact;
• Lead the finance team in preparing the financial risk dashboard, and review and report on corrective actions taken monthly;
• Carry out a monthly balance sheet compliance review to ensure that compliance owners are adhering to set policies and frameworks;
• Conduct periodic training in finance to ensure that line managers are aware of their roles and responsibilities as first line of defence.

2.) Capital Management

• Embed the capital management process into the bank’s strategic planning/ budgeting and forecasting processes to address potential business growth constraints as well as regulatory issues;
• Drive the annual capital planning process, including determining appropriate capital buffers and preparing dividend proposals for management review;
• Drive the implementation of best practice in capital management practices such as ICAAP (International Capital Adequacy Assessment program).

3.) Regulatory Reporting

• Preparation and timeous submission of regulatory returns in accordance with Central Bank of Nigeria and South African Reserve Bank regulations.
• Monitoring of the legal lending limit, ensuring that this is not breached.
• Keep the bank up to date on regulatory changes (Basel and other capital management related)

Required Skills and Qualifications
1) Qualifications:

• A business or other degree with a highly numerate bias
• An advanced business degree
• Accounting qualification/Financial Analysis certification

2) Experience:

• Minimum of 4 years post qualification experience in Finance/ Risk/ Treasury within a busy commercial environment;
• Knowledge of financial markets and economic fundamentals;
• Appreciation of financial analysis and risk issues;
• Comprehensive knowledge of treasury products and good general knowledge of retail, corporate and capital markets products;
• Working knowledge/understanding of International Financial Reporting Standards;
• Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access. Working knowledge of SAP, Bank master, Finacle, Branch power and Calypso is added advantage;
• Good communication and presentation skills to senior level audiences.

Required Competencies

• Understanding of broad risk principals
• Computer literate (MS Office packages)
• Excellent report writing, verbal, presentation and interpersonal communication skills;
• Action/ delivery/ control oriented;
• Strategic business/ commercial value focus;
• Investigative/ challenger;
• Initiative;
• Planning;
• Persuasive;
• Team player; and
• Problem solving and analytical ability
• Pay attention to detail
• Able to manage time constraints and prioritise
• Product knowledge and understanding
• Ability to analyse and evaluate data for acceptability and correctness.
• Analytical mind with strong orientation to financial analysis.

Application Closing Date
17th February, 2014

Method of Application
Interested and qualified candidates should
Click here to apply online