Chief Financial Officer/ Finance Value Management Officer- SBG Investment and Asset Management

Chief Financial Officer/ Finance Value Management Officer- SBG Investment and Asset Management

At Insurance and Asset Management (IAM), we employ more than 6,000 people across 6 businesses in 18 African countries. Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management and investment products. We continually seek to engage, develop, recognise and reward the people who make our business great.

Accountable for leading the Finance and Value Management (FVM) function for the SBG Investment and Asset Management (SIAM) Business Line. Develops and executes the Finance and Value Management strategy and alignment to the SIAM Business Line; provision, oversight and sign off on financial statements.

10+ years experience in a similar environment, of which 3 - 5 years at executive management level.

Bachelor's Degrees and Advanced Diplomas [NQF Level 07] in Finance, Economics, and Accounting.

C.A. (S.A.) or Fellow of Actuarial Society of SA or equivalent qualification; Member of SAICA or ASSA or equivalent body Preferred.

• Accountable for the formulation of functional operating models and value-chain integration, ensuring alignment with strategic objectives.
• Proactively identify cross-functional problems of which the causes are ambiguous and uncertain, model alternative solutions, develop scenarios, and establish contingency plans in alignment with the strategy.
• Plan for effective organisational management across the value-chain, set strategic objectives and priorities among existing services, processes or systems and new developments, and specify the required measurements to monitor performance effectiveness.
• Facilitate scenario planning by driving a strong agenda to migrate to this, through Artificial Intelligence.
• Member of the following forums: IAM Business Line Exco, IAM and Business Line financial, capital and risk forums, SBG management Excos, and any risk and compliance forums as required.
• Adopt and drive the measurement of relevant digital, platform and omnichannel related non-financial metrics to ensure focus and delivery of the financial outcome, key new revenue streams, and digital migration.
• Drive and deliver Group scorecards that are agile to support the IAM Finance Business Line strategic performance across countries, where applicable.
• Drive and develop business strategies as related to new product offerings as relevant to IAM Business Line, ensuring the application of a customer level pricing lens.
• Drive the scenario planning and analysis, interpretation and projections of business results to support IAM Business Line in shaping the future.
• Investigate and report on value leakages and define mitigation strategies to resolve same within IAM Finance and Value Management Business Line.
• Manage equity partnerships with IAM Business Line partners and stakeholders, to drive research into, and selection and implementation of, platforms and interfaces, together with Innovation, to meet the platform needs of the Group.
• Plan, coordinate and execute the IAM finance planning cycles, taking into account business and SBG and IAM Group Finance and Value Management timelines and requirements.
• Provide all leading indicators that drive productivity and financial outcome for IAM Business Line.
• Provide input and influence to the digital and platform journey and understand the financial implications of customer behaviour by clearly articulating the forecasting outcomes across countries.

• Influence and drive the implementation of a customer-centric stakeholder framework, which builds positive relationships and encourages feedback.
• Influence strategic planning, through the financial planning and analysis of data using relevant algorithms, to enable rapid decision making within IAM Business Line.
• Integrate and network with relevant internal stakeholders to enable the achievement and delivery of critical financial outcomes.
• Partner with and act as advisor to the CE of the Business Line to optimise capital usage, maximise headline earnings, economic profit and ROE by managing key business and value drivers within the Group Finance and Value Management policy, across countries.
• Provide comprehensive financial management information and insight to internal stakeholders across SBG, IAM and the Business Line as well as relevant external stakeholders, through the analysis of relevant data and reports, addressing needs successfully.

• Ensure that appropriate strategies have adequate financial resources for the development and implementation of critical financial plans and budgets. Influence the implementation and integration thereof across the organisation.
• Analyse financial performance and identify trends and opportunities for value enhancement/cost containment, to maximise returns.
• Articulate the Business Line strategy into financial forecasts and outlooks for countries, to develop a map of where the business is going.
• Consolidate monthly management reports and commentary, including forecasts, to enable the delivery of quality and efficient financial accounting and reporting processes within IAM Business Line.
• Define and influence cost control strategies and measures within the IAM Finance Business Line, ensuring alignment across countries.
• Develop and drive a proactive finance transformation journey that embraces finance of the future, changing technology and new innovative technology and drivers.
• Influence and support pricing decisions as relevant to IAM Business Line, both in context of customer level pricing as well as other pricing and capital review decisions.
• Influence pricing and capital considerations in context of new revenue streams and investment strategies.
• Lead and coordinate all financial year-end procedures for IAM Business Line. Oversee the preparation of the half-year and year-end financial processes input into IAM and SBG finance requirements.

• Integrate and drive human resource strategies across operating units to ensure optimum utilisation of human capability through effective planning and development.
• Lead the team according to SBG's leadership principles and values, including managing the employee lifecycle to ensure a high-performance culture.

• Drive the development and implementation of integrated risk, governance and compliance frameworks, ensuring the consolidation of the risk profile for an area of accountability across the value chain, managing critical risks and providing feedback.
• Define appropriate measures and internal controls for IAM Finance Business Line and lead the execution of tracking, controlling, and reporting on the quality of delivery of same.
• Maintain the relevant financial and actuarial basis (where applicable) for the Business Line in partnership with the relevant IAM teams.
• Highlight and report on what the IAM Business Line wants to accomplish, to articulate how much risk IAM Business Line is willing to take on, to further such goals and develop a risk appetite scale.
• Implement any financial regulatory changes that impact IAM Business Line, enabling the delivery of clean internal and external audit reports.

• Financial Management (Expert)
• Financial Acumen (Advanced)
• Financial Risk Management (Expert)
• Policy Development (Advanced)
• Policy implementation (Advanced)
• Decision Making and Problem Solving (Advanced)
• Budgeting and Expenditure Control (Advanced)

• People Management and Empowerment (Advanced)
• Relationship Management and Networking (Advanced)
• Teamwork and Cooperation (Advanced)
• Strategic Insight and Capability (Advanced)
• Leading Change (Advanced)
• Entrepreneurial and commercial thinking (Expert)

Insurance and Asset Management (IAM) part of the Standard Bank Group Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998 and the group's Transformation Strategy, preference will be given to suitable candidates from designated groups whose appointments will contribute towards the achievement of equitable demographic representation of our workforce profile and add to the diversity of the organisation.

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.