Head Financial Reporting Risk Governance & Controls

Absa Group

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With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Responsible for an appropriate and sound control environment to enable reconciliation of all financial accounts in the bank

Job Description

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.
READ:   Senior Go Developer – Full-time, Remote

Pursue your own personal development to increase job effectiveness


Bachelor Honours Degree: Accounting (Required)

  • Seniority level


  • Employment type


  • Job function

    Finance and Sales

  • Industries

    Banking and Financial Services


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