Chief Operanting Officer

 

Full-time
in Midrand, Gauteng
created 1 month ago
Expires 6 Dec
viewed 3
Salary: Negotiable
1.
Group Strategy Formulation and Implementation Commission research and group discussions to determine: Proposed legislation/regulations Amendments to current legislation/regulations Trends in the banking Industry Global best practices ito operational efficiencies How to gain a competitive edge Who are the right people to execute certain strategies Market development Future technology strategy Innovative Service offerings Compile a strategy and business plan in accordance with the required format indicating the following elements: Operating philosophy Capital projects Reengineering Corporate governance Strategic business partnerships Human Resources Operating Division requirements Asset Management Life Cycle Future Technology Strategy Requirements Discuss the implementation of the business plan with the relevant role players to enable planning of the implementation.
Upon approval communicate the strategy to the business.
Inform affected groups/divisions of the strategic intent of that specific working area in order to adjust or modify divisional plans.
Obtain the associated resources and secure to enable implementation of the business plan.
Implement the business plan in accordance with policies, procedures and legal requirements.
2.
Manage Operations Consult the business plan to determine the outputs required from the respective divisions.
Define the divisional outputs taking cognisance of: Operating Efficiency Fulfilment and operational Infrastructure.
Strategic Contracts Resources Human Capital Identify and secure the appropriate resources for implementation of the divisional plans: Human Resources Physical resources Financial – CAPEX and OPEX Suppliers Contractors Analyse benchmarks for similar operations to determine performance indicators for the divisions.
Create and maintain a climate conducive to performance to ensure that the divisions deliver against objectives.
Develop performance indicators for each division and implement in accordance with policies and procedures.
Monitor and measure the operational performance in accordance with the agreed standards.
Initiate pro-active and corrective actions as required to ensure optimal performance.
Provide feedback to the relevant role players as and when necessary.
Manage operations in accordance with proposed outputs and allocated time frames.
3.
Manage Strategic Relationships Strategically manage relations with the following role players: Reserve Bank National Credit Regulator Board Banking Association of South Africa Banking Ombudsman Unions Chamber of Mines.
Obtain mutual agreement on the resolution of issues, meetings required and the delivery of inter-dependent outputs and results.
Document the interaction with the relevant role players for future reference purposes.
Manage relationships in accordance with policies, procedures and legal requirements.
Ensure participation in Corporate Social Responsibility initiatives.
4.
Manage Operations Budget Analyse the business plan to determine the financial requirements.
Obtain the budgetary prescriptions from the Finance division.
Determine the financial allocations in accordance with deliverables.
Compile the comprehensive operating budget indicating the financial requirements of each element in accordance with the budgeting guidelines.
Submit the budget for approval in accordance with policies and procedures.
Receive the approved budget and communicate the figures to each division.
Ensure in collaboration with the CFO that the necessary financial planning is conducted therefore ensuring capital requirements when required.
Ensure in collaboration with the CFO that the cash flow position of the organization is positive at all times to prevent non-delivery of services and product offerings.
Monitor the expenditure against the budget and ensure that spending occurs within the budgetary restrictions.
Ensure that only authorised overspending is approved in accordance with procedures.
Peruse the monthly expenditure statements from Finance and report anomalies.
Request Finance to provide the monthly financial report indicating: Monthly expenditure Variance in terms of budgeted and actual figures Savings achieved or budget overspent Year to date figures Communicate the report with the relevant role players.
Consult the relevant role players where overspending took place and take corrective actions to rectify it.
Monitor the budget to ensure that figures balance in terms of budgeted and actual figures.
Conduct the budget reviews as prescribed by Finance and adjust budget where necessary.
Close the budget at the end of the financial year.
Manage finance in accordance with policies, procedures and legal requirements.
Complete financial management actions within the allocated time frames.
5.
Manage Staff Analyse the business plan to determine the applicable deliverables and targets Approve the human resource requirements, permanent and contractors, in accordance with the expected deliverables Approve the human resource requirements to ensure that deliverables will be met in accordance with the expected targets Conduct the Performance Planning Session with direct reports Compile the Performance Management documentation in collaboration with the staff member in terms of: Job Profile requirements Strategic Performance Objectives Key Performance Areas Personal Development Plan Track and monitor performance in accordance with policies and procedures and performance planning documentation Continuously provide feedback and coaching to ensure that the staff member/s performs at optimum productivity level Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary Appraise performance at the end of the performance period in accordance with policies and procedures Provide feedback to the relevant role players Manage Human Resources in accordance with policies, procedures and legal requirements Complete Human Resource Management actions within the allocated time frames 5.
Job Evaluation Criteria Relevant 4 year degree MBA/MBL or Masters Degree 15 years experience in the banking industry with: 8-10 years at a senior management level 6.
Competencies Knowledge of banking industry Statistical skills Analytical Knowledge of banking legislation Analytical skills Innovative Knowledge of banking products People management skills Empathy Internal policies and procedures Change Management skills Resilience Business acumen Leadership skills Integrity Knowledge of the relevant legislation applicable to Credit and Risk Interpersonal skills Confidentiality Knowledge of credit and risk assessment Risk Management skills Assertiveness Interpretation of financial statements Reporting writing skills Professionalism Knowledge of basic statistical principles Interpersonal skills Risk Taking Communication skills Dynamic Negotiation skills Networking ability Conflict resolution skills Analysis and problem solving ability Strategic Management skills Strategic Thinking ability Read More...
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