Head of Finance: Banking Job Cape Town area,South Africa,Finance & Banking

Who are we?

Sanlam Fintech is a newly established digital first business within the Sanlam Group on a mission to democratize financial advice and solutions for everyone across the African continent. We exist to pioneer inclusive financial confidence helping people build strong foundations to bridge the gap in generational wealth. Our culture us that of agility and constant deployment, we believe in learning fast, learning cheap and learning forward.

Our aim is to provide a work environment where knowledge workers can accelerate the development of their ideas and bring innovation to market, at the same time provide compelling career and development proposition that will enable them to realize their dreams.

Position Overview

This role will be responsible for comprehensive oversight and execution of financial reporting (including management, risk, regulatory and statutory) strategies and processes specific to transactional banking. This role is critical to ensuring the financial success and sustainability of Sanlam's banking proposition, a core growth lever for the Group.

Reporting to the Head of Banking with a dotted line to the Chief Financial Officer (Sanlam Fintech), the Head of Finance will partner closely with banking operations, product, marketing and distribution teams. You will be responsible for enabling the Head of Banking to deliver on banking P&L ownership and commercial outcomes whilst ensuring rigorous financial controls, expert data analytics, accurate reporting and operational excellence across the banking Head of Finance will provide sound financial advice tailored to the unique economics of transactional banking, ensure stringent accounting processes and controls and drive financial performance in alignment with the Group's integrated financial services strategy.

What will you do?

Banking P&L Ownership and Commercial Performance

Partner with the Head of Banking to translate commercial strategy into financial plans and P&L targets

Formulate annual budgets and forecasts aligned to banking customer acquisition, usage, cross-sell, retention and contribution margin targets

Develop detailed unit economics models for banking products transaction banking, credit, deposits to inform pricing, product profitability and investment decisions

Establish comprehensive financial performance dashboards tracking acquisition cost, customer lifetime value, funding costs, cost to serve and return on capital

Provide monthly, quarterly and annual financial forecasting with transparent scenario modelling to support strategic decision-making

Financial Strategy and Enterprise Alignment

Develop and implement a banking specific finance strategy that supports the transactional banking ambitions whilst optimising Group-wide capital and funding efficiency

Ensure banking financial metrics and performance are clearly articulated within broader Sanlam Group reporting frameworks hyperion, board pack, investor communications

Facilitate alignment between banking finance delivery, SFT finance and Group finance strategy, ensuring consistent application of financial policies and standards

Control Environment, Reporting, Risk and Compliance

Collaborate with Sanlam Group Risk and Actuarial to establish and manage banking's financial control environment adapted to the unique risks of transactional banking such as regulatory, liquidity, credit and operational

Ensure accurate and timely financial reporting to the Head of Banking, SFT Exco, Group Finance and relevant regulators (FSCA, SARB)

Work closely with Group Risk and Actuarial to ensure compliance with banking regulatory requirements including capital adequacy frameworks, liquidity requirements, consumer protection regulations, FICA or AML and POPIA

Work with Risk and Compliance to ensure banking operations meet King IV governance principles and maintain robust risk frameworks appropriate to banking operations

Data-Driven Decision Making and Commercial Analytics

Establish data and analytics capabilities to support commercial decision making which is pricing, product mix and customer segmentation

Translate customer insights, behavioural data and performance signals into financial analysis that informs product and engagement improvements

Utilise financial software and analytics tools such SAP, Power

BI, Hyperion to deliver dashboarding and visualisations that enable agile decision making

Develop cost benefit analysis and financial models to evaluate new banking products, partnerships, distribution channels and technology investments

Partnership and Stakeholder Management

Manage the internal and external audit relationship for banking, ensuring compliance with accounting standards and Group audit protocols

Build and maintain strong relationships with key stakeholders including banking partner-Tyme, product teams, regulatory bodies, external auditors and SFT or Group Finance leadership

Facilitate collaboration across relevant Group clusters such as SGT, SLS, Santam, Sanlam Investments to optimise banking finance…


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