Closing Date 2020/03/20
Reference Number LAN200109-1
Job Title General Manager: Finance Strategy & Planning
Division Finance and Treasury and IT
Unit Financial Strategy & Plan
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
Provides input into strategic objectives in Finance, Credit, Risk Management and Operations and manage delivery thereof. Creates the frameworks and processes for the development and maintenance of best practice statistical models and assessment strategies in line with regulations and risk management strategies (where applicable) in order to facilitate effective financial risk management within the Land Bank.
Key Performance Areas
Create the Frameworks and Processes to Manage Internal Statistical Model Development
1. Takes responsibility for development, validation and maintenance of models, frameworks and methodologies by creating a conducive environment. Models include, but are not limited to:
1) A risk-weighted asset model
2) Dynamic 3-year funding plan
3) Credit application and behavioural scorecard model
4) Internal ratings based model for the Corporate division
5) IFRS 9 impairment models
6) Pricing models
7) Risk appetite models.
2. Monitors external information by researching, analysing and reporting.
3. Scopes, manages and delivers on ad hoc projects by allocating individual resources within set parameters and setting expectations.
4. Manages regulatory compliance by ensuring submissions to regulators and industry bodies, where required.
5. Ensures portfolio remains within risk appetite limits by managing and/or monitoring and reporting on risk.
Develops Model Documentation Standards and Implementation Plans
1. Develops templates and standards for documentation of model development process including methodologies to explain the model output
2. Sets standards and approaches for the development of user manuals
3. Reviews change requests to models, assesses feasibility and creates a change management approach to log model changes to support model validation and auditing processes
4. Develops training and queries approach to support business in the use of the models
Monitoring and Reporting
1. Reports on model updates and potential macro risks to modelling and impairments in management reports monthly
2. Monitoring of the environment to suggest potential impact on models and feedback into credit model validation
Manages Stakeholder Relationships
1. Builds relationships with stakeholders by networking through targeted and informal interactions and consistent delivery of quality output to build trust.
2. Builds partnerships with clients to understand the business needs and manages expectations through communication, influence and regular engagement.
3. Communicates the output of team to relevant committees / forums to facilitate improved measurement and management of risk.
4. Meets business/function requirements by engaging and managing external stakeholders when required.
5. Manages risk by building and maintaining relationships with regulators and industry bodies.
Departmental and People Management Performance Management
1. Analyse the business plan to determine the applicable deliverables and targets
2. Compile the Performance Management documentation in collaboration with the staff member in terms of:
1) Job Profile requirements
2) Key Performance Areas
3) Personal Development Plan
Capacity Planning
1. Determine the human resource requirements, in accordance with the expected deliverables and current capacity
2. Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets
3. Set and achieve employment equity targets.
4. Minimise staff turnover
5. Lead the department in such a manner as to foster innovation and technological excellence.
6. Demonstrate behavior aligned to the corporate Land bank values
7. Equitable distribution of responsibilities and accountabilities and plan appropriate human capacity and full utilisation for projects under management
Financial Management
1. Develop and manage budget
2. Manage expenditure and ensure no fruitless expenditure
3. Adhere to financial guidelines and thus ensure proper control over expenditure
4. Pursue divisional targets and manage the financial health and stability of division
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