Group Head, Subsidiary Finance & Capital Management at CA Global

Responsibilities:

Reporting:

• Oversee the development of accounting policies for the Bank’s subsidiaries in Africa and facilitate compliance, guided by policies from the Bank.
• Design and implement processes to ensure timely and accurate financial information to management for decision making.
• Oversee the monthly management reporting for the Bank’s African subsidiaries.
• Prepare annual and quarterly IFRS financial statements of the African businesses.
• Responsible for statutory financial reporting to Central Bank of Nigeria (CBN) with respect to Bank’s African subsidiaries
• Oversee treasury products valuation and make input into tax computations for completeness and accuracy for the African subsidiaries.
• Coordinate statutory and regulatory audits for Bank’s African subsidiaries.
• Deliver the annual audited financial statements for Bank’s African businesses.
• Develop financial reports for group coordination and strategy purposes.
• Provision of financial input and formulation of the businesses’ operating plans/budgets

Capital Management:

• Embed capital management into the commercial banking groups’ strategic planning/ budgeting and forecasting processes, to support business growth and regulatory risk management.
• Drive the annual capital planning process across the Commercial Banking Group (CBG), including determining appropriate capital buffers and preparing dividend proposal.
• Set risk appetite limits for regulatory capital, economic capital and other risk metrics (with the various Heads of Risk) and monitoring the risk profile of the CBG.
• Conduct stress testing across all risk types, agreeing and monitoring action items cross the CBG.
• Oversee and document the annual ICAAP (Internal Capital Adequacy Assessment Process)
• Manage capital requirements across the CBG and arrange for capital injection where necessary.
• Responsibility for determining capital impact of significant transactions, new products and support new products across geographies.
• Optimize capital structure in order to maximize return on equity (ROE) of the CBG and its risk profile.
• Promote compliance with regulatory, Basel, etc requirements.
• Leading capital raise and structuring efforts as required to finance the capital needs of the Group in the most efficient manner.

Investments:

• Lead the sourcing of investments opportunities, working with other key stakeholders.
• Responsibility for regular investment portfolio performance management and risk analysis, and advise accordingly.
• Lead analytical efforts, that support capital investment decisions.
• Liaise with the various teams (structured finance team, legal, etc) on financing decisions.
• Lead efforts, working with internal stakeholders to make determinations in respect of countries to invest in, countries to exit, form of our capital investments (M&A, JV, etc)
• Track regulatory and macroeconomic actions across markets and proffer recommendations as required to support growth in presence countries and target markets.

Credit Rating:

• Key spokesperson in the engagement of credit rating agencies.
• Lead the Bank’s effort at achieving target credit ratings.
• Work with internal stakeholders to deliver the data/ information requests of credit rating institutions.

Others:

• Manage relationships with regulatory (central bank, securities and exchange commissions, etc), revenue mobilization and tax authorities, as relates to Bank’s African bank subsidiaries.
• Act as finance advisor to the executive in-charge of International Banking

Requirements: Qualification and Skill

• Minimum 12 – 17 Years experience.
• Bachelors Degree in Finance, Economics or any related field.
• CFA will be an added advantage.