Chief Finance Officer job at True North Consult Ltd | Apply Now

1. The Chief Financial Officer (CFO) will be responsible for leading the Bank’s Finance

team and driving financial strategy and operations. You will work closely with the

executive team to ensure that financial practices align with the bank’s business

objectives and support its long-term growth and competitiveness. The CFO will establish and implement financial strategy, monitor cashflow, and assess areas of financial risk and opportunity for the Bank.

2. The CFO is charged with the responsibility to forecast, strategize for the bank’s financial future, promote growth, and provide advisory support to all stakeholders.

In addition, he/she will be responsible for identifying financial risks and implementing mitigation measures to ensure the following:

a) Financial Health: Ensuring the Bank’s financial stability and growth.

b) Strategic Planning: Aligning the Bank’s financial strategies with business goals.

c) Risk Management: Identifying and mitigating financial risks.

d) Capital Allocation: Allocating resources to maximize returns and value.

e) Cost Management: Optimizing operational costs and expenses.

Responsibilities

• He/she will provide advisory services to Management and Board of Directors on financial matters, developing long-term financial strategies, and identifying opportunities for revenue growth and cost optimization

• He/she will lead the Finance department team, set the tone for the team's culture and ensure everyone works together effectively.

• He/she will collaborate with other departments to drive financial awareness across the entire bank.

• He/she will oversee financial planning, budgeting, and forecasting

• He/she will manage financial reporting and compliance with regulatory requirements and accounting standards

• He/she will undertake timely and routine financial data analysis to support strategic financial decisions

• He/she will take charge of financial risk management and cash flow optimization

• He/she will develop and implement financial strategies that align with the Bank’s business objectives and support long-term growth in collaboration with other Bank Executives.

• He/she will oversee financial operations, including accounting, budgeting, forecasting, and financial reporting

• He/she will develop and maintain financial policies, procedures, internal control mechanisms and systems to ensure efficiency & effectiveness and compliance with regulatory requirements

• He/she will manage relationships with external stakeholders, including investors, auditors, and financial institutions

• He/she will ensure that financial practices in the bank align with industry standards

• and best practices

• He/she will ensure full transparency over the financial performance of the Bank and

• all matters pertaining to financial management.

• He/she must leverage technology to improve financial operations. This includes implementing new financial software, driving automation initiatives, or exploring cutting-edge fintech solutions to give the bank a competitive edge.

• Any other related duties

• Accountable for financial reporting in line with IFRS, Companies Act, FIA 2004 and for ensuring integrity, accuracy and completeness of financial data.

• Accountable for filing of statutory returns to regulatory authorities in a timely manner.

• Responsible for delivering effective people management processes including performance management, talent management, staff career development and succession planning.

Financial Responsibility

• Overall accountability for managing the HFB business budget.

• Accountable for effective implementation of the Bank’s Financial Risk & Control Frameworks.