Job Title: Finance Manager: CIB
Job ID: 10151
Locations: Nigeria
Company: Stanbic IBTC Bank Plc (a subsidiary of Standard Bank Group)
Sector: Banking and Finance
PURPOSE OF THE JOB – Managing the planning and the performance management process in Corporate and investment banking (CIB) – Facilitating strategic planning through preparation of financial forecasts based on CIB's business strategy – Overall management, co-ordination and preparation of the annual budget and periodic revised estimates. – Performance management through analysis, review and preparation of periodic financial reports – Providing CIB leadership management information to support decision making. – The role will include the establishment and reporting of Key Performance Indicators (KPI's) for the Corporate and Investment Banking business unit and the monitoring of product, customer and BU profitability – The prime customer of the incumbent is the CIB EXCO
KEY RESULT AREAS
Financial Planning: – To participate in setting the CIB's finance strategy and objectives. – Preparation of 3 year rolling forecast by taking the ideas and strategy and translating them into meaningful financial information such as profitability, balance sheet growth, growth impacts, and capital requirements. – Overall management, co-ordination and preparation of the CIB annual business plan, capital expenditure, operating budget and periodic revised estimates – Challenge the plans of CIB business units and integrate those plans into the SIBTC plan Performance Management – Develop and implement reporting of key CIB management information (MI) ensuring data integrity and timely communication to relevant managers. – Provide MI, reporting and query resolution support to CIB, including monthly product, customer and BU performance analysis.. – Identify areas of performance shortfall and propose corrective interventions to CIB management team. – Investigate variances to budget, provide explanations and recommend corrective action. – Drive the required business analysis and related process for making recommendations for new performance opportunities. – Develop and track KPIs trends and develop benchmarking processes for CIB. – Prepare detailed MI schedules against forecasts and KPI's on revex and balance sheet targets for the Relationship managers and divisional heads – Analyse deviations from KPIs and targets with explanatory notes. – Prepare monthly analysis and commentary on portfolio performance, identifying areas for improvement and corrective action. – Prepare and present the annual budget and revised estimates for CIB BU. – Prepare monthly summary CIB performance reports and analysis for submission to head office Staff Management – Playing a leading role in coaching and developing his/her team
Required Skills and Qualifications:
An appreciation and a good understanding of macro economics and external factors affecting the business strategies adopted, and market serviced by SIBP. – Deep understanding of key drivers and measures for corporate and investment banking. – Understanding of the importance of planning and budgeting in the bank's overall business strategy – Ability to analyse and evaluate data for acceptability and correctness. – Analytical mind with strong orientation to financial analysis. – Ability and experience in communicating with all levels of management regarding management information needs. – Good interpersonal skills required in liaising with people at different levels within the bank. – Willingness to get involved in detail – Good planning and organisation skills. – Strong report writing skills. – Dynamic self-starter with a personal ambition to succeed. – Ability to work under pressure to meet tight deadlines. – A person with high integrity. – Excellent computer skills particularly in MS Word, MS Excel and MS Access, Power Point
Required Competencies: – Minimum of 6 years banking experience – In depth understanding of banking and the underlying key performance drivers – Previous financial Modelling and data mining experience – Experience in balancing financial and business performance and coaching non-financial managers will be an advantage – Advanced computer skills (Excel, Access and PowerPoint). – Understanding of Nigerian GAAP and IFRS – Previous experience with Cognos an advantage – Working knowledge of accounting software. (Knowledge of SAP or Equinox will be an advantage.) – Experience in change management and has the ability to positively lead change
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