Chief Financial Officer - Johannesburg, South Africa - Absa Bank Limited

Thabo Mthembu

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Thabo Mthembu

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  • 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

The Chief Financial Officer of the business has end-to-end accountability and responsibility for financial and management reports, forecasts and business performance analysis for BU.

Partners with Managing Executive to transform, to bring stewardship, financial integrity & insights to the current state of the business & its future possibilities to deliver on the operating model and to achieve the business strategy objectives.

Co-creates, build and run Finance capabilities required to lead to exponential growth and business effectiveness.

Focuses commercial management (P&L) of the product across the product lifecycle by seamlessly integrate product value propositions into customer value propositions and own the product infrastructure (Process and Technology) on which the product runs to support the target customer experience.

Job Description:


  • Seamlessly integrates for internal supply chain effectiveness and functional integration.
  • Execute Functional strategy, create a shared purpose and identity for function
  • Accountable for ensuring an optimal and compliant control environment within business unit that appropriately balances risk appetites and customer demand with the need to grow to achieve the financial ambitions and balance sheet aspirations
  • Manage the strategic investment budget and Book of Work spend for business, in alignment with the enterprise strategy and prioritised in line with Cluster's commercial and cultural aspirations. Also ensures that appropriate Returns on Investment (ROI) are realized by building a culture and discipline of benefits tracking.
  • Influence shape and sustainability of the business by operating from financial management to market presence and product mix or service lines, to technology, talent, help deliver new revenue streams, to leveraging mergers, acquisitions and divestitures as appropriate.
  • Embrace our distinctive brand aspiration and infuse in business.
  • Build a culture of inclusivity, diversity, entrepreneurship, and ownership.
  • Drive Cluster decisions within Business. Drive BU decisions.
  • Accountable for finance narratives & insights driving business.
  • Take an ecosystem mandate: (geography, customer, channel and product) of business area.
  • Influence integration of Treasury, Risk, and Finance from a BU perspective.
  • Influence the build of a leading global payments hub, where applicable.
  • Stimulate behavior in business to achieve strategic and financial objectives. Provide leadership to ensure alignment of financial and business strategies.
  • Maintain stewardship and excellence which drives performance and sustainable growth through preservation of financial integrity.
Profit and Loss

  • Coaccountable for business growth and profitability.
  • Accountable to ensure that reporting, controls and enterprise risk programs are operating and functioning as intended.
  • Support business leaders in achieving business goals and objectives through the use of advanced modelling and analysis to provide actionable intelligence, beyond data.
  • Responsible for financial rigor and control.
  • With regards to BCM and Cyber security, influence focus on vulnerability and internal controls assessment to review the data supply chain and identify the location of sensitive data. The CFO needs to understand the risks and then develop a plan to align the BCM & cybersecurity strategy with the business strategy. CFOs must also ensure that processes are in place to understand the relevant BCM and cybersecurity compliance and regulatory requirements.
People Investment

  • Coach, inspire, engage, mentor and develop financially and business savvy leaders.
  • Build a scalable, digitallyled business.
  • Help shape society by developing innovative solutions to societal challenges; and expand and augment existing capabilities.
  • Embrace a different, more commercial and overtly entrepreneurial way of doing things.
  • Focus on Finance skills evolution with innovation and employability at the heart of people management.
  • Integrate Big Data and Advanced Analytics into the core of our business.
  • Build specialised Finance skills to support mergers and acquisitions, and partnership capabilities to drive opportunity.
  • Providing thought leadership to the industry.
  • Deliver on our Customer Promise by creating unprecedented, seamless experiences.
  • Be an enabler of capabilities, talent and service level to fulfill business and functional responsibilities in an innovative efficient manner.

Knowledge, skills and experience:

Minimum B-degree (NQF level no.7) Desired Post Graduate Degree (NQF level no.8+), CA (SA) or CIMA or MB

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