Job Summary
Provides high level managerial assistance to the HOO/COO during his/her absence to help deliver the functional responsibilities and financial leadership and support to the business in an effective and efficient manner and oversee the daily operations for ABSA Stockbrokers and Portfolio Management (SPM) Operations Finance and interact with functional areas that give specialist support to SPM like FDS, FC etc. Drive the businesses financial objectives by providing accurate value-added financial management information and analysis. Ensures that the operational and financial plans are aligned to policies and legislative requirements. On a monthly basis review reports to ensure that the charges processed are accurate and address concerns directly with the finance teams from other areas
Lead investigations into cost saving initiatives and make comprehensive recommendations to the business unit executive
On request from project/change teams, provide input and support during the development of business case financials for new projects or initiatives
The conduit between group and SPM funding and liquidity requirements
Accountability: People Management 10%
Develop internal capability through the recruitment and development of a capable team who will ensure the necessary resources are in place to achieve business strategy and objectives. Communicate all business risk implementation plans to the COO. Actively work with other managers to ensure the risk in
Accountability: Financial Leadership and Support to business (30%)
Provide direction to the business management committee (Manco) based on analytical review of the Business Performance and an understanding of key business drivers. Provide clear direction to the Manco on what the business requirements and imperatives are by translating current business performance into actionable business objectives
Participate as an invited member of the Manco of the business
Translate SPM strategy into meaningful operational targets for the business unit under management. Negotiate with the various stakeholders on the targets set and drive the overall achievement of performance objectives in the business unit through the performance management function within the required business parameters. Support the business with the determination of the optimal usage of capital working within the constraints laid down by the Balance Sheet Management Committee
Understand the requirements of Value Based management and help the business implement the principles and measurement capabilities
Understand and drive the matched transfer policy of the company
Accountability: Continuous business improvement (5%)
Support the resources planning requirements for the Operations and Support functions and implement the COO’s requirements. Support the business unit heads during the planning of their resource’s requirements.
