Senior Vice President, Head of Finance

Role:
Senior Vice President – Finance

Department:
Finance

• Direct Supervisor (Solid):
  Executive Vice President - Group International Finance
• In-Direct Supervisor (Dotted):
  Chief Executive Officer

The Senior Vice President (SVP) will manage all aspects of finance of the local operations and provide support to the Head Office
- International Finance Department in all areas of Bank’s business financials in the assigned location. The SVP is one of the primary points of contact with the regulatory authorities and the external and internal auditors and is key in ensuring good relationships with such bodies. Responsible for managing the local tax framework of the bank. The SVP ensures good corporate governance is applied throughout the organization.

Applies insight and understanding to the financial performance of the banks business in that country and contributes to the strategic and day-to-day commercial decision-making process.

• Ensure timely and accurate information as well as disclosure of all material matters concerning the operations.
• Develop mechanisms designed to ensure compliance with all relevant local laws and regulations and also international laws and regulations.
• Act within the limits of the powers delegated to the incumbent and monitor that respective heads exercise the same in respect to the Financial Delegation of Authority.
• Assist Country CEO in developing/ creating the Key Performance Indicators (KPIs), for performance monitoring and quality measurement purposes pertaining to the financial reporting related process and monitor the achievements of its individual departments/ units on periodic basis.
• Provides leadership on creating Key Performance Indicators (KPIs) for the departments under the incumbent’s supervision for performance monitoring purposes.
• Observes and promotes cost consciousness and efficiency, and enhances productivity, to minimize costs, avoid wastes, and optimize benefits for the bank.

• Establishes and enhances relationships with regulatory authorities to ensure that all regulatory reporting requirements are compliant.
• Establishes and enhances relationships with tax authorities to ensure that all statutory requirements are compliant.
• Liaise with external auditors on matters pertaining to presentation and disclosure of financial statements, emerging financial reporting trends, impacts of proposed accounting standards etc.
• To assist customers with all their queries about Bank’s product and seek solution to their requests.
• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turn-around time.
• Build and maintain strong and effective relationships with all other related departments and units to achieve the Group’s goals/objectives.
• Provide timely and accurate information to the external and internal Auditors, Compliance, Financial Control and Risk Functions as and when required.

• Ensures maintenance of general accounting, cost accounting, payroll, payables, and receivables.
• Ensures accurate and timely recording and reporting of operating results.
• Provides financial analysis, interpretation of variances from budgets and standards, and management advice.
• Sets up documents and reviews Financial Control procedures.
• Controls supplier payments and ensures that the payments are made in time and proper administration of the Administration System.
• Ensures accurate reconciliation of accounts to give operational support to all areas and minimizes the costs of maintaining the accounts.
• Ensures monthly/quarterly/half yearly returns submitted in time and action taken when required.
• Responsible for the Annual Budget for the allocated Country and monitoring of variances to actual vs budget, throughout the year.
• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turn-around time.
• Build and maintain strong and effective relationships with all other related departments and units to achieve…