Country Controller
Bank of America
Johannesburg, South Africa
4d ago

Job Description :

Job Title : Country Controller

Corporate Title : Assistant Vice President

Location : Johannesburg

Role Description : Daily :

Daily :

Review P&L reporting on a daily basis

Liaising with Middle Office function offshore

Review of Estimate to Actual (E2A) commentary, follow up and resolution of E2A issues.

Review Bank reconciliations

Review and approval of payments / transfers

Funding cost calculation and submission

Liquidity management including ensuring exchange control requirements are adhered to

Month end close process :

Posting of journals relating to month-end close in Oracle

Cost centre reallocation processes

Liaising with operations and offshore finance teams in clearing intercompany breaks

Ownership of funding journal processing

Substantiation of trading inventory balances, unsettled open position balances,

Completion of quarterly returns for US Federal Reserve

Preparation and submission of capital adequacy returns to regulators

PnL Variance analysis and presentation

Annual / Bi-Annual :

Preparation of Annual financial statements

Preparation of all annual tax returns / provisional tax returns

Preparation of the capital forecasts

Legal entity reporting :

Preparation of ad hoc reports required by the management committee and board

Calculation and submission of various taxes on a monthly / Bi-Annual / Annual basis

Balance sheet reconciliations :

Ensure that monthly balance sheet substantiation processes strictly adhered to establish and maintain best in class processes for accounts under control.

Other functions :

Project work ad-hoc projects mainly around process improvement forms a key part of the work requirement.

Cover for other finance functions when required

The Team :

The South Africa finance team consists of 4 people including this role and has existed for many years with the team itself being experienced in South African broker dealers as well working with international teams.

The SA team fits into the global financial control team reporting into the UK, however differing from the UK as the SA finance team is responsible for full CFO functions including but not limited to tax, treasury, broker dealer middle office, regulatory reporting and accounts payable

Key skills :

Education requirements :

Chartered Accountant (South Africa)

Competencies :

Strong IFRS and Tax knowledge

Goal driven and proactive in dealing with matters; must display level of urgency in getting things done.

Good team player able to work well within a small team

High proficiency in Microsoft Excel (Good knowledge on Pivot tables, V lookups, etc essential)

Adaptable and willingness of assist with duties not necessarily falling within the Finance ambit (i.e. BEE verification processes, contracts reviews and custody, etc)

Energetic, enthusiastic and looking to build a career within Finance in the FS space.

JSE regulatory reporting experience is desirable

Working knowledge of IFRS

A good understanding of accounting systems. Experience of Oracle and SAP an advantage

Prior experience in using BDA advantageous

Ability to interact and articulate with senior staff locally and offshore telephonically

Ability to multi-task and prioritise effectively i.e. dealing with routine tasks, assigned projects and addressing queries

Thrives under pressure with strict adherence to deadlines

Strong communication and interpersonal skills

Strong analytical skills able to interpret financial data and decipher impact on the business decision-making process

Bank of America :

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values : deliver together, act responsibly, realize the power of our people and trust the team.

A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank.

We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work.

Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk.

Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability.

The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

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