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Job Summary
Reports Directly to: Head Finance , CIC & PRODUCTS
Guidance on matters relating to the CIC strategy, business finance and budget formulation/ monitoring.
Management Reporting, competitor analysis and policy relating to market risk analysis and management
CIC Reports Indirectly to CFO
Head of Client Relationships:
Assist in the direction and evaluation of business strategy and business plans by product and customer segment
Guidance on Market Risk Analysis and management.
Direction on reporting needs of businesses
Indirect Reports Accounts Processing Officers:
Provide advice on financial information and analysis.
Job Purpose
Provide financial input on CIC deals and transactions to ensure the business complies with taxation, capital, regulatory and statutory accounting requirements
Assist with project benefits/deliverables within the WB business
Manage and meet WB reporting deadlines and ensure that reports are as far as possible, reflect business performance.
Actively review and assist in planning business costs to ensure value for money and a lean cost base
Manage the Bank’s Management Accounting Systems for the accurate and timely collation, analysis and dissemination of information
Key Relationship
Internal:
Hub reporting manager
Africa CIC Business Partner
External:
Central Bank - Research,
Research Agencies
Federal Office of Statistics,
Financial Institutions,
External Auditors,
Stock Exchange etc.
For:
Accuracy and reliability of monthly reporting, including forecasting accuracy
Guidance on overall Africa strategy/ comparison across the Region
Contributes to:
The CIC business strategy
The understanding of the financial dynamics and dimensions of the CIC business
The building of CIC operating plans, budgets and forecast
The determination of the CIC financial and management information needs, the formats and the frequency with which these should be produced
The development of CIC management information systems to facilitate effective decisions by Heads of Global Markets and Corporates and Institutions
Ensuring compliance to Group standards, regulatory and statutory regulations
Achievement of CIC budget
Maintenance of appropriate financial and project controls
Authorities:
Authorised to allow processing of all expenditure within delegated authorities/ agreed strategy
Initiate change requests necessary to satisfy CIC MIS needs in liaison with Heads of GM, CR, BSM and CFO
Key Performance Indicators:
Budget schedules compiled, agreed and submitted within stipulated time
Level/quality of automated reports
Budget /variance reports distributed to Heads of GM, CR within agreed time scale
% of manual to automated reports
Quality and timeliness of reports disseminated to Heads of GM and CR
Level of queries/corrections to submitted reports
Tracking of PARs deliverables
Audit grade 2 and above
Key Responsibilities
Business Analyst:
Collect and present relevant financial data to help in the formulation of the strategy of the WB Business and monitor progress towards Key Performance Indicators
To assist the CIC finance manager in all matters relating to CIC Customer Profitability Reporting
Partner business in establishing a low, and value for money cost base
Reporting:
To ensure CIC monthly reporting is timely and accurate at both product and customer segment levels. This includes the consistent application of the Funds Transfer Pricing and Cost Allocation methodologies
Assist business to undertake the financial analysis of the Business monthly performance
Budgeting and Planning:
Assist the Business Finance manager in co-ordinating budget and monitor progress towards its achievement, drawing attention to important trends opportunities to maximise earning and minimise risk.
Financial Control:
Review and monitor the business performance against Group policies for Market Risk, Liquidity Management, local regulatory and other statutory requirements
Manage the WB cost centres
Project Management:
Ensure that project accounting disciplines and tracking mechanisms (including benefits tracking) are in place for all WB projects
Operational Risk:
To prepare the operational risk reports for the unit (KCSA, KRI, SORE, LSORE) for WB Business finance as required.
Others:
Undertake ad hoc projects and assignments as agreed with Line Manager, CFO and the Head of Global Markets and Client Relationships as the case may be.
Qualifications and Skills
MBA in Business, or Accounting or Professional Qualification - CIMA, CPA, ACCA or its equivalent plus at least three years experience in a middle management position with relevant / specific banking experience
High level of computer literacy and understanding of business computing environments
Knowledge of the Banking practice and Products
Strong knowledge in Management Accounting principles
Strong analytical skills and an eye for detail
Good communication and interpersonal skills
Team builder
Judgement / Complexity:
Superior levels of judgement are required to assess the impact of CIC business activities on performance, to identify trends early enough to enable effective remedial action to be taken and to facilitate clear understanding of the financial impact of decisions by the Business Heads
Integrity and sometimes courage to challenge the actions of peers
Judgement is called for in determining variables for use in budgeting and financial evaluation of CIC deals and transactions
Contribute significantly to the professional management of the Business Support function and in the day to day performance of Business Divisions
Follow up and monitoring of Customer and Product performance