Head Financial Reporting Risk Governance & Controls Job at Absa - Career Opportunity in Uganda

Vacancy title:
Head Financial Reporting Risk Governance & Controls

[ Type: FULL TIME , Industry: Banking , Category: Accounting & Finance ]

Jobs at:


Deadline of this Job:
31 August 2021  

Duty Station:
Within Uganda , Kampala , East Africa

Date Posted: Tuesday, August 17, 2021 , Base Salary: Not Disclosed

Job title: Head Financial Reporting Risk Governance & Controls

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.

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
Bachelor Honours Degree: Accounting (Required)

Job Experience: No Requirements

Work Hours: 8

Level of Education:
Bachelor Degree


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Job Info
Job Category: Accounting/ Finance jobs in Uganda
Job Type: Full-time
Deadline of this Job: 31 August 2021
Duty Station: Kampala
Posted: 17-08-2021
No of Jobs: 1
Start Publishing: 17-08-2021
Stop Publishing (Put date of 2030): 17-08-2065
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