Financial Data Quality Analyst - Johannesburg, South Africa - FirstRand

FirstRand

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Description

Job Description

To supervise a specialist team in the investigation and resolution of any errors or incidents that are raised or reported against the programmed functionality of the Banks financial processes, systems and ledgers This includes interpreting incident/ error reports to diagnose underlying problems, driving and tracking the progress of proposed solutions as well as implementing enhancements on existing processes (Amongst others, errors and incidents may relate to financial balancing and reconciliations, journal processing controls, data integrity and warehousing, financial reporting or fraud prevention)

Identify process improvements in order to save costs.
Identify, control and escalate potential risks which may lead to increased costs.
Manage costs or expenses within approved budget to achieve cost efficiencies.
Deliver against operational and cost targets.
Ensure team adherence to specified policies, standards and procedures to prevent and reduce wastage and escalate associated risks.
Implement, manage and report on cost improvement objectives and communicate or escalate any shortfalls.
Prioritize resource allocation in order to minimize and reduce wastage in order to minimize fruitless expenditure.
Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
Develop a deep understanding of the operational processes, methodologies, tools, systems and data employed by the Systems Accounting team in order to develop specialist technical and financial knowledge that can support immediate colleagues, team practices and processes, and systemic enhancements within the Bank.
Identify unmet business needs and coach business partners on leading their own technology initiatives.
Manage internal stakeholders and adhere to relevant SLA agreements.
Cultivate and manage objective working relationships with a variety of stakeholders, including endusers, SME's, project managers and senior staff members.
Build and sustain collaborative working relationships with relevant peers and stakeholders in order to achieve productivity synergies.
Maintain and build relationships for purposes of expectation management, knowledge sharing and integration.
Maintain a critical and broad / birds eye view of the Banks' financial systems, with an understanding of the endtoend flow of processes and information from one business area to the next, and ultimately to the general ledger.
Ensure that systems accounting processes and systems are aligned to meet business, legal and regulatory requirements.
Collaborate closely with immediate colleagues to ensure that systems accounting methods, processes and solutions are designed to be integrated, automated where possible, and compliant with operational, financial, legal and regulatory risk requirements.
Interpret exception and/or incident reports and conduct mainframe / source data checks to determine error validity, cause and extent.
Propose solutions to perform tactical and strategic fixes.
Routinely monitor a test all environments to prevent issues from adversely impacting customer and general ledger accounts.
Monitor exception reports and conduct manual recons as necessary to track tactical fixes.
Monitor the system accounting incident report to track the progress of strategic fixes; test solutions post development to confirm that underlying problems have been addressed.
Utilize standard methodologies to ensure that the sub

- and general ledger balance and reconcile, upload data and relevant financial journal.

Take all necessary actions to ensure compliance with relevant statutory, legislative, policy and governance requirements in area of accountability.
Maintain expert knowledge on relevant legislative amendments.
Implement and provide input into the development of governance and compliance procedures and processes within area of specialization and identify risks.
Ensure optimal usage and protection of business assets industry best practices and FNB's internal compliance procedures and requirements.
Ensure compliance is adopted in terms of systems and procedures as laid out by FNB.
Work with business partner to elicit highlevel requirements, capture business needs, and to identify unmet business opportunities that support both the business strategy and project requirements.
Determine information requirements to guide data management, integration and automation decisions.
Assess the risks of various solutions utilizing standard systems accounting methodologies, tools and frameworks, and prioritize competing business demands.
Coordinate project delivery by participating in design reviews and walkthroughs to communicate system designs and validate proposed solutions.
Obtain key inputs from enterprise architecture teams and identify solution interdependencies.
Engage with relevant specialists within th