Head of Finance and Strategy at Rose Avenue Group

Job Responsibilities

Strategy and business planning

• Oversee the formulation, implementation & monitoring of the bank's strategy.
• Responsible for the organizations business planning, funding budgeting
• Responsible for the overall financial reporting of the organization.
• Lead the annual business plan development and budgeting process.
• Provide ongoing financial modeling and analysis expertise to business partners.
• Lead the quarterly / monthly outlook process.
• Develop and maintain capital budget.
• Lead financial modeling and scenario analysis to assess potential business opportunities and risks.
• Collaborate with other senior executives to set and achieve long-term business goals

Financial Management

• Financial reporting to the board of directors, Executive Management and other external stakeholders which include but not limited to CBK, CMA, Lenders etc.
• Represent the company to financial partners, including financial institutions, investors, auditors, Central Bank, KRA, etc.
• Implement robust financial controls , processes and systems to safeguard the bank’s assets.
• Liaise and enhance relationships with financial partners, including financial institutions, investors, auditors, Central Bank, KRA, etc.
• Incisive analysis of financial results that provide insight into the organization’s operations and business plans and develop recommendations therefrom (strategic and tactical).
• Ensure compliance with the financial regulations and reporting standards, including local and International Financial reporting Standards (IFRS9).
• Lead the annua; audit process and liaise with external auditors.

Treasury management

• Manager the bank’s liquidity, funding, and capital management to ensure financial stability and regulatory compliance.
• Oversee cashflow management, investment strategies and foreign exchange risks management.
• Develop and implement treasury policies and procedures including managing relationships with financial institutions and investors.
• Monitor and manage the bank’s asset and liability positions to optimize returns and minimize
• Responsible for creation and implementation of a robust treasury management strategy and systems that ensure there is profitable investment of cash instruments and maintain optimum liquidity and investments

Leadership

• Participate in key decisions as a member of the executive management Team.
• Participate in corporate policy development as a member of the senior management team.
• Management of relationships with board members, the management team & other stakeholders.
• Establishment of financial operational best practices within the organization.
• Drive departmental and organizational productivity

Risk Management

• Identify, assess and mitigate financial risks including credit, market, operational and liquidity risks.
• Ensure robust risk management frameworks are in place and adhere to the regulatory requirements.
• Collaborate with the risk management team to align financial strategies with the bank’s risk appetite.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Report risk issues to the audit committee of the board of directors.
• Maintain relations with external auditors and investigate their findings and recommendations.
• Review processes and implement changes that increase overall efficiency and effectiveness.

Bank wide AML, KYC & CFT

• Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
• Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibilities.

Other Requirements

• Bachelor's Degree in Business related Studies
• Master’s Degree in Business or Finance
• CPA (K) /ACCA
• At least 10 years of experience in Finance and Treasury management with a significant portion in a senior leadership role within the banking industry.
• Extensive Knowledge of best practice in leadership
• Working knowledge of Emerge T24 and Great Plains ERP
• Experience in partnering with an executive team and have a high level of written and oral communication skills.
• Integrity and professionalism
• Strategic mindset with a proactive and results oriented approach