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.
