Chief Financial Officer - Bank - CA

Must have :

Currently working for a Bank or NBFC is a must

The Job location will be Zimbabwe

The role will report to the Country's CEO

Strategy formulation, measurement, and monitoring - 30 %

- Coordinate the formulation and tracking of strategy, planned, and reforecast financial performance for the bank and ensure that the strategy remains coherent and well disseminated to the business.

- Assist the CEO in tracking and monitoring business performance towards the committed financial targets and continuously challenge the performance of business segments on ways to enhance overall business performance.

- Advise the Board and EXCO on matters of business performance in the scope and context of financial management for the bank as well as other areas of business performance.

- Design and maintain shorter-term tactical forecasting methods (both in support of the ALCO process, as well as for the purpose of strategic target tracking). This includes liquidity forecasting, asset and NPL forecasts, cost tracking, amongst others.

- Design and deliver data-driven insights on competitor activity, market share, segmental and product performance, as well as branch activity.

- Design and implement an investor relations plan that ensures fair information of shareholders and the investment market as well as ensure compliance with VFEX listing regulations. The investor relations initiative must ensure timely and fair reporting to support fair valuation of the bank's listed securities (although share price value is not an objective) and optimise market return on equity.

- Given the strategic importance, responsible for assisting in identifying and evaluating merger and acquisition opportunities.

- Play a crucial role in strategizing and funding digital transformation initiatives.

- Design and implement environmental, social, and governance (ESG) factors measurement of the bank, integrating these with the strategic process, reporting on the same for the Board, investors, and regulators.

Finance - 30 %

- Provide strong leadership to the country Finance team in line with the bank's values, as well as ensuring clearly articulated OKRs and regular monitoring and performance management is in-hand.

- Work with finance team members to strengthen end to end reporting

- Meet deadlines and quality standards for both local and Group Finance reporting.

- Ensure smooth external audit cycles with external auditors by informing and confirming scope on material audit matters and key risks of misstatement, as well as understanding and delivering on their needs timely.

- Ensure the effective design of finance processes and controls.

- Ensure data integrity across the business by overseeing data quality and streamlining primary data into a singularly governed database.

- Produce schedules/templates, which accurately present regular and ad-hoc management information.

- Oversee the selection, implementation, and management of financial systems and technologies.

- Inter-departmental collaboration: the CFO plays a crucial role in collaborating with other departments like IT, HR, and Operations to align financial strategy with overall business objectives.

- Training and development: the CFO has responsibility for ensuring ongoing professional development and training for the finance team.

Risk & Control 40%

- Ensure the highest standards of credit quality through the sanctioning, sampling, and application of best practice to credit proposals, and maintenance of these standards by bank credit teams. Enhance enterprise-wide risk management framework to achieve no unsatisfactory audits, overdue audit observations and issue assurance failures. Promote and enforce high standards of corporate governance which forms the basis for embedding effective risk management and control in all normal business processes.

- Design and implement proactive cost and resource allocation, management and setting mechanisms throughout the organisation, ensuring that any changes to targets as well as breaches of targets are flagged and managed actively.

- Tax planning and compliance, as these are crucial for the CFO's role.

- Ensure the appetite-setting for capital risk, and the management of the bank's optimal capital structure, including debt/equity levels and optimizing the cost of capital.

- Ensure that capital allocation is optimised in the manner in which new projects are prioritised and through support of activities affecting balance sheet structure.

- Participate actively in, and influence, internal capital adequacy and liquidity allocation and planning (ICAAP and ILAAP). Leverage the advantages of bringing together risk expertise and drive through more efficient ways of working.

- Ensure compliance with local and international banking regulations.

- As financial institutions face significant cybersecurity threats, play a role in overseeing financial risk management related to cybersecurity.

- Manage risks associated with business operations, such as system failures, fraud, and other operational disruptions.

Key performance measure

- Excellent customer service, quality execution of operational/financial processes

Technical skills / Competencies

- Financial analysis and strategic, critical thinking skills

- Actively engaged listener with well-practiced decision-making analytical skills

- Strong planning, organisation, implementation & co-ordination skills

- Strong analytical skills and a high level of business acumen, sound judgement & proven problem-solving skills

- High intelligence, absolute discretion & integrity

- Credit assessment and sanctioning

Knowledge, Expertise and Experience

Essential - CA

- Strategic approach with focus on the 'big picture' but a pragmatic approach to handling issues

- In-depth business awareness and thorough understanding of financial services sector and risk policies an procedures

- Experience of working with senior management and of exerting influence with formal authority.

- Good understanding of broader operating environment including codes of practice

- Experience of managing relationships at executive level

Preferred

- MBA

- Professional knowledge of external and internal communications disciplines

- Experience of statutory and executive management reporting

- Experience of working in a multinational, multi-segment, environment with matrix reporting. Awareness of cultural differences and varying legal/regulatory environments.