Chief Financial Officer; Forex

Position: Chief Financial Officer (Forex)

Description

The Chief Financial Officer (CFO) needs to be a well-rounded individual who can play at both an operational and a strategic level given the current payment and platform modernisation imperative. The Foreign Exchange Product House operates across Firstrand and services Retail, Commercial, Corporate and Broader Africa client segments so experience of operating across multiple segments is key.

The main purpose of the role is to lead and manage the overall finance portfolio/s for the Business Unit, ensuring professional and ethical financial standards, practices and governance, and a cohesive finance service offering that is aligned to the Business Unit and Segment strategies Determine and direct financial strategy for the Business Unit in partnership with the CEO and Exco.

The CFO will serve as an active member of the senior-management team, providing specialist support and advice that guides business decision making for short- and long-term performance and growth of the Business Unit, and ensure that financial transactions, policies and procedures meet business objectives and regulatory body requirements.

Are you someone who can:

Provide stewardship of the overall business portfolio ensuring business integrity, financial health and control.

Practice sound and ethical financial management through the technical application of financial, accounting and business knowledge.

Monitor and enforce effective control, governance and compliance procedures to prevent and reduce financial losses.

Manage people by executing line manager responsibilities and create an environment that encourages employee growth and performance delivery.

Lead projects, overall performance and strategic direction of the relevant area/function.

Engage and communicate effectively with relevant colleagues, regulators, auditors and other stakeholders.

Effectively partner with the business and assume a strategic role in the overall management of the business.

Draw up a budget aligned to tactical delivery plans, monitor effectiveness and report on variances.

Develop financial strategies and supporting frameworks and execute defined strategies by translating them into financial operations.

Develop and nurture internal relationships within the business enabling collaboration.

Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.

Control expenditure planning and reporting in area of responsibility, within approved budget parameters.

Increase operational efficiency and suggest solutions to enhance cost effectiveness

Develop and run costing model to establish alignment.

Control costs for functional/business area(s).

Plan, implement, manage and report on cost effectiveness and communicate or escalate any variances.

Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy

Define financial frameworks / structures which ensure control and governance.

Formulate and implement finance strategies, objectives, policies and procedures for the business, effectively cascading these down to ensure achievement of financial objectives.

Direct and oversee the end to end finance function and operations, ensuring healthy financial management and balancing short-term delivery, such as managing liquidity and profitability, with long-term vision and sustainable business success.

Provide insights and analysis to support the business strategic planning.

Ensure business decisions are grounded in sound financial criteria.

Articulate the underlying assumptions and drivers that guide estimates of future performance

Represent the business's progress on strategic goals.

Develop effective partnerships with relevant stakeholders, creating a common vision and view of organisational performance, challenges and opportunities.

Ensure the effective management of processes for financial forecasting, budgets, consolidation and reporting.

Ensure credibility of the relevant area/function by providing timely and accurate analysis of budgets, financial trends and forecasts.

Lead key projects and initiatives in relevant area/function that support overall strategic goals

Ensure efficient and productive use of information systems, processes and controls.

Develop understanding the critical business issues, drivers and business model in order to align the relevant area/function's strategy to business strategy for growth and efficiencies.

Sign-off on Business Unit priorities for account plans Set and communicate segment strategy and business plans

Ensure relevant and useful internal and external business reporting, financial and non-financial.

Apply knowledge of budgeting and forecasting in order to deliver effective and insightful guidance on cost management and earnings.

Influence and guide effective risk management and internal control systems / processes.

Practice effective governance and corporate responsibility and ensure that the business conducts itself in accordance with…