To prepare financial information for all stakeholders of the business for informed decision making and to support the business.

Job Description

Key Accountabilitie

Understand Absa Groups Financial Reporting processes, systems, controls, policies, and frameworks (15%)

• Develop an appropriate knowledge of the financial reporting systems and processes that operate across businesses within Absa;
• Develop a working understanding of Absa’s Financial Reporting policies and risk management frameworks and the measurement of risk criteria;
• Maintain action trackers that form the basis for discussions and meetings;

Coordination of processes that supports External Financial Reporting Risk (FRR) and other MI (50%)

• Execute on a robust FRR Governance process, including the consolidation of information and the production of management information for review by process owners;
• Support the larger team in their monthly processes as well as other Financial Reporting risk processes. This includes production of statistics and other reports, maintenance of required static data;
• Support the monthly processes by providing data and reports that supports Financial Reporting Risk Management;
• Produce packs for senior management, at the appropriate level of detail
• Coordination of Risk and Control Information and other control monitoring processes;
• Scheduling of meetings and documentation of actions;
• Perform user acceptance testing to systems where it impacts the reporting of FRR;

Provide inputs and execution of quality control and process improvements (35%)

• Driving the improvement of co-ordination and consolidation of reporting packs.
• Drive the refresh of indicators and related thresholds
• Co-ordination of governance meetings and forums
• Drive the reporting pack design and contents
• Review and challenge of information included in the packs
• Constantly review, improve, and maintain own activities to enhance the effectiveness and efficiency of processes;
• Recommend areas for improvement to reduce cycle times;
• Improve process reliability and customer satisfaction;
• Assist in the implementation of new and/or enhanced processes;
• Identify activity-specific risks and work with Process Owner / Process Architect to mitigate risks;
• Maintain awareness of own activities and the impact thereof on related / interdependent activities;

Role/Person Specification

Education and Experience

• B degree/similar qualification in a financial/related discipline
• Post graduate degree or CA(SA) / CIMA preferable
• CA / CIMA: Experience 0-3 years / SME as required by the specifics of the role.
• Business experience in a Banking environment gained from a Finance, Product preferable.
• Experience preparing reports for senior management preferable. 

Knowledge and Skills

• Exceptional academic track record
• Understanding of financial reporting processes, risks and related controls
• Ability to identify trends 
• Ability to use analytical review tools to analyse and interpret financial data
• Ability to write concise effective reports

Competencies

• Effective communication and collaboration
• Entrepreneurial and commercial thinking
• Relating and networking
• Analysis skills & technical ability ;
• Adapting and responding to change
• Persuading and influencin

Education

Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.