Head Financial Reporting Risk Governance & Controls job at Absa Group | Apply Now

Accountability: Reconciliation of financial accounts

• Accountable for ensuring that the CVAP principles are adhered to across all financial accounts

• Monitor the overall control environment of the account balances, including an understanding around the design of front to back controls.

• Accountable for ensuring that all account substantiations have been completed in accordance with the Policy by the reconciler and reviewers.

• Develop, document and implement Account Ownership and Reconciliation procedures, where appropriate, for accounts as set out by the Policy.

• Accountable for ensuring that allocated account reconciler and reviewers have the appropriate knowledge to execute their responsibilities

• Accountable for ensuring that all accounts have been reconciled / substantiated by the deadlines set for their Business Area

• Support the reconciler and reviewer in issue resolution and reviewing whether provisions are required.

• Accountable for ensuring that all control issues have been highlighted and communicated to the Financial Controller/Finance Director

• Accountable for ensuring that the reconciliation process has been completed within the Group timetable.

• Facilitate and prepare the monthly Balance sheet review meeting ensuring all arising action items are followed up and resolved.

• Submission of the monthly Items at Risk and any emerging risks in Finance to the Risk Control Forum

• Facilitate the appropriate classification of Balances not reconciled and Items at risk across the bank’s balance sheet while ensuring they have been fully provided for.

• Facilitate the accurate reporting and confirmation of fixed assets.

• Facilitate the accurate reporting and confirmation of Legal, Leave and Sundry operational provisions, and provide a secondary review of Finance accruals and reconciliations.

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Accountability: Stakeholder Management

• Ensure effective and excellent communication and working relationships with colleagues in the department and the bank in general

• Engage senior managers and other staff in the bank to facilitate and escalate outstanding reconciliation issues.

• Manage queries from external stakeholders that relate to account reconciliations, such as external auditors and the regulators

Accountability: Risk Management control and Compliance

• Understand the appropriate policies & standards applicable to role.

• Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.

• Ensure that practices and controls required by policies are communicated to all relevant colleagues

• Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) principal risks.

• Facilitate the regular risk assessment of the financial reporting risk in liaison with the Financial Controller.

• Maintaining procedures to monitor compliance with policies and any controls required by them

• Approve changes to the Supplier master list & confirmation of invoices.

• Facilitate elements of snap checks to check proper reconciliation across the business.

Accountability: Team Leadership/Management

• Provide leadership, line management & coaching to both the finance team and wider areas of the bank

• Support the Financial reporting teams when the need arises.

• Train and support to other areas of the bank to ensure they have sufficient knowledge regarding account ownership and reconciliation

• Proactive engage members of the bank’s senior leadership team committed to achieving success and providing support for colleagues.