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

Are you looking for Finance Jobs in Uganda 2024? If yes, then you might be interested in Head Financial Reporting Risk Governance & Controls job at Absa Group

Kampala, Uganda

Full-time

Deadline: 

April 20, 2024 at 2:00:00 PM

About the Organisation

Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group that aims to be the pride of the continent. Absa Group Limited is listed on the JSE in South Africa and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42, 000 employees.
We’re committed to finding local solutions to uniquely local challenges and everything we do is focused on adding value. To this end, we offer our clients a range of retail, business, corporate and investment, and wealth management solutions. We also ensure a positive impact in all the countries where we operate.

We’re a truly African brand, inspired by the people we serve and determined to always be brave, passionate and ready so that we can make our continent proud.

Enroll for CPA Uganda Course

Job Title

Head Financial Reporting Risk Governance & Controls job at Absa Group

Job Description

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

Duties and Responsibilities

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.


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.

Enroll for Tally Accounting Course

Qualifications and Competencies

  • Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

Enroll for CPA Uganda Course

How to Apply

APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.

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