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Nov 19, 2017

Head, Product Control Functional, CIB Africa Regions, Finance, CIB

  • Standard Bank
  • Rosebank, Johannesburg, Gauteng, South Africa
Full time Banking

Job Description

Key Responsibilities/Accountabilities

Income Statement & Balance sheet Substantiation:

  • Give assurance to the integrity of  the Profit and Loss (P/L) numbers for the “Africa Regions” legal entities across CIB and the various sub business units through the independent daily/monthly/annual (where applicable) production and analysis of revenues. Focus is both on Statutory and regulatory Reporting, supported by monthly management analysis & information
  • Develop and manage an operating framework, across the various Pan African Finance teams and associated legal entities, to confirm the integrity of the Profit and Loss (P/L) for the Rest of Africa (ROA) Investment Banking business through the independent daily/monthly/annual (where applicable) collation and analysis of revenues. Focus is both on Statutory and regulatory Reporting, supported by monthly management analysis & information
  • Validate the integrity of assets and liability values on the balance sheet, as they pertain to trading activities performed by CIB via the various daily/monthly and annual reconciliation processes, and monthly challenge forums for Africa Regions. Focus is both on Statutory and regulatory Reporting, supported by monthly management analysis & information
  • Ensure that appropriate governance and substantiation framework exist over the consolidated balance sheet of CIB, including those accounts directly attributable to product control.
  • Develop a Framework for the escalation and resolution of daily/monthly and annual issues raised by either business or through the financial value chain, with a focus on minimising Income Statement or Balance sheet “surprises”

Thought leadership:

  • Active involvement in the overall CIB Africa Regions business (internally as well as participating in external forums) to help develop, build and implement appropriate best practice concepts into the product control team
  • Be involved with the large accountancy firms in the formulation of best practices. Attend local and international conferences on the subject

Communication:

  • Proactive engagement with stakeholders ensuring that there are no senior executive “surprises” from: Any break down in the overall control environment, or Internal audit and/or an external audit perspective

Stakeholder Management:

  • Stakeholder management, focusing on understanding the business need, partnering with the business to challenge the “why” and the benefit gained, and developing appropriate solutions to deliver on expectations. This is performed through active business partnering/engagement through either “one-on-one” or via the attendance of various  committee meetings/forums which would typically cover the following key roles within and across the business:
  • Internal CIB Africa Regions Senior executives – CEO, COO, regional and global business heads etc. Chief Financial Officers, (CIB, IB, GM, TPS) Africa Regions in-country stakeholders – Human Capital, CFO, CIB Finance, IT, Ops, Risk, CIB Front Office etc. Head of Product Control, CIB Functional heads across Finance (LEC/MI/FBS/TCM) Various senior Finance roles in Group and Operations Head of Internal Audit and Head of Operational Risk
  • External Partner and Senior Management level external auditors

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