Jobs in Kampala Uganda Uganda Jobs Jobs in Kampala Head Financial Reporting Risk Governance & Controls Career Jobs – Absa Group Limited Jobs in Kampala at Uganda Jobs Head Financial Reporting Risk Governance & Controls Career Jobs – Absa Group Limited Employment opportunities Uganda Jobs
Job Title Head Financial Reporting Risk Governance & Controls
Organisation Absa Group Limited
Duty Station Kampala, Uganda
About US
Absa Group Limited formerly Barclays Bank UK is a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance. Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania Barclays Bank in Tanzania and National Bank of Commerce, Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
Job Summary Responsible for an appropriate and sound control environment to enable reconciliation of all financial accounts in the bank
Key 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.
Pursue your own personal development to increase job effectiveness
Qualifications, Skills and Experience
The ideal applicant for the Absa Group Limited should hold relevant qualifications
Bachelor Honours Degree Accounting Required
How to Apply
All suitably qualified and interested candidates who wish to join ABSA Group in the aforementioned capacity should apply online at the link below.
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Jobs in Kampala Uganda Uganda Jobs Jobs in Kampala Head Financial Reporting Risk Governance & Controls Career Jobs – Absa Group Limited Jobs in Kampala at Uganda Jobs Head Financial Reporting Risk Governance & Controls Career Jobs – Absa Group Limited Employment opportunities Uganda Jobs
For more jobs in Uganda visit ugandajobss.blogspot.com
Monday 23 August 2021
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