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Job Location drjobs

Johannesburg - South Africa

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Role Description

This role provides financial commercial and strategic support to FNZ (SA) Ltd with assistance to the FNZ Group as required. The opportunity will suit an experienced and qualified Chartered Accountant who has worked within a complex and regulated growth environment. With an appetite to succeed this person will be a successful individual who commands respect and delivers faultless execution.

The SA CFO will lead FNZ (SA)s Finance function in balancing its stewardship responsibilities (i.e. value protection) with provision to the business of useful business insights and commercial support (i.e. value enhancement).

As this role is caught by the Senior Managers Regime the role holder must adhere to the FCAs Conduct Rules.

Specific Role Responsibilities

General:

  • Partner with the CEO the Group CFO and the Board to create a long term (3 5 year) business plan to create wealth for the shareholders.
  • Ensure that FNZ (SA) has the appropriate skills and resources in place to comply with local financial regulatory requirements and that its financial risks are assessed and managed appropriately.
  • Ensure the processes and controls are in place to ensure plans are executed including the creation and adherence to an annual budget.
  • Act as a bridge between the UK Board and Finance (and other functions) to ensure finance strategy is communicated throughout the business.
  • Liaise with auditors bankers investors and other external finance facing functions.
  • Ensure regular Board reporting is available including:
    • Management accounts;
    • Customer profitability analysis;
    • Working & regulatory capital management / cash flow forecasting.
  • This role is not in scope for activities which have a direct or indirect impact on CASS processing which takes place within FNZ for FNZ and/or FNZs clients.
  • There is a requirement to remain up to date with CASS developments and changes as communicated with FNZ.
  • Will need to sit on regulated and non regulated SA entity committee board

Finance:

Assist the Group CFO in:

  • Driving best practice financial management across the business.
  • Management of the annual budgeting and rolling forecasting processes.
  • Implementation of measures designed to keep costs appropriately under control through effective cost centre accountability.

Strategy:

Assist the Group CFO in:

  • Positioning the business for ultimate exit
  • Corporate finance related matters including debt capital raising investor/lender relations etc
  • Developing the strategic plan(s) and
  • Ensuring the full scope cost and benefits of key transformational initiatives are considered and understood.

Commercial:

  • Assist the Group CFO to ensure there are appropriate controls throughout the sales and expenditure processes

Regulatory Capital Management:

  • Ensure the accurate reporting & monitoring of FNZ (SA) Ltds regulatory capital resources and pillar 1 capital requirement
  • Responsibility for the companys stress test reverse stress test and winddown calculations.
  • Assist the CRO as required in relation to production and maintenance of the Companys ICAAP.
  • Responsible for FNZ (SA)s liquidity risk management (under BIPRU12)

Approved Person:

Director of good standing

  • Ensure that there is a strong governance structure in place and that FNZ has organised and controls its affairs responsibly and effectively.
  • Ensure that appropriate challenge is made at Board and Committee levels.
  • Ensure adequate overview of FNZs financial affairs.
  • Ensure awareness and compliance with regulatory requirements.
  • Maintain knowledge of and competence in the regulatory environment in which FNZ operates and in the financial services industry of which it forms part.
  • Be aware of and continue to comply with the FCAs Fit and Proper test.
  • Comply with the FCAs Statements of Principle and the Code of Practice for Approved Persons.
  • Have sufficient oversight of the systems and controls in place within FNZ to ensure that it remains compliant with FCAs rules and regulations.
  • Ensure that risks have been appropriately identified within areas of responsibility and that top down risks have been identified and scored and are regularly reassessed.
  • Ensure that the employees in areas of responsibility are competent to carry out their roles and there is adequate training in place to reach and maintain that competence.
  • Ensure that conflicts of interest have been identified and where possible mitigated and ensure that there is a regular review of conflicts of interest.

Performance Assessment

  • A business with long term growth prospects and sufficient profitability to provide shareholders with a fair return
  • A credible realistic 35 year business plan that can be shared with key stakeholders
  • Budgets are realistic and are achievable.
  • There are appropriate financial controls around the sales and expenditure processes
  • There is a strong control and compliance environment and there are no material breaches of local financial regulations

About FNZ

FNZ is committed to opening up wealth so that everyone everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry but complexity holds firms back.

We created wealths growth platform to help. We provide a global endtoend wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution.

We partner with over 650 financial institutions and 12000 wealth managers with US$1.5 trillion in assets under administration (AUA).

Together with our customers we help over 20 million people from all wealth segments to invest in their future.


Required Experience:

Chief

Employment Type

Full-Time

Company Industry

About Company

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