Senior Financial Manager: Card Issuing and Acquiring Job at Nedbank

Job Purpose

• To direct, add value and enable business decisions through effective consolidated financial analysis, reporting and controls across Business and Commercial Banking, with a specific focus on the cards business, in line with Nedbank’s strategy.

Job Responsibilities

• Provide meaningful recommendations, explanations, and highlights of concerns or anomalies by analysing and interrogating financial information (with focus on card portfolios).
• Ensure accurate and timeous budgets are submitted and reviewed, aligned to economic indicators and group strategic initiatives.
• Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
• Compile financial statements in compliance with IFRS and relevant regulatory frameworks.
• Comply with relevant legislation by reviewing and submitting statutory returns timeously.
• Consolidate financial reports and make value-added recommendations using information from various sources.
• Engage and collaborate with stakeholders (Finance, Card Product, Operations, Risk) to understand requirements and deliver insights that drive outcomes.
• Identify opportunities to create beneficial partnerships and synergies across BCB to support group collaboration initiatives.
• Provide ongoing guidance, coaching, and best-practice standards to the finance team to elevate analysis and reporting quality.
• Plan, prioritise, and communicate effectively to meet deadlines and targets; organise and monitor workflow to maintain high standards within defined timeframes.
• Build intellectual capital through mentoring, coaching, and on-the-job skills training.
• Schedule and coordinate activities and resources to achieve business objectives within specific timeframes.
• Manage finance risks and control environments at targeted levels, adhering to governance, compliance, and business rules.
• Align systems, processes, services, and solutions with Nedbank and Business Unit plans to support strategy.
• Drive personal development plans and share knowledge and industry trends during formal and informal interactions.
• Obtain buy-in for new/enhanced processes that improve stakeholder business functioning by highlighting benefits and implementation support.
• Contribute to culture and transformation goals (e.g., staff surveys, initiatives) and support corporate responsibility (e.g., Green Strategy).
• Seek continuous improvement opportunities across business processes and systems to add value to Nedbank.

Essential Qualifications – NQF Level

• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Chartered Accountant

Minimum Experience Level

• Minimum 5 years’ deep experience in card products (issuing, acquiring, product, or operations), including exposure to card economics, interchange, MDR, scheme fees, fraud and chargeback processes, and operational cycles.
• 2+ years managing teams, demonstrating leadership in coaching, workflow planning, and quality assurance to uplift capability and ensure timely delivery.
• Ability to produce consolidated financial reports, ensure IFRS compliance, and manage statutory submissions accurately and on time.
• Experience in financial reconciliations, implementing controls, and managing risk to maintain governance standards and reduce financial leakage.
• Strong stakeholder engagement capability across Product, Operations, Risk, and Finance to influence decisions and deliver strategic outcomes.
• Track record of enhancing processes, driving automation, and implementing change initiatives that improve reporting quality, cycle times, and decision-making cadence.

Technical / Professional Knowledge

• Banking procedures
• Business Acumen
• Cluster specific operations
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Remuneration policies and principles
• Research methodology

Closing date: 22 January 2025