About the role
Job Description
To provide strategic leadership, governance and oversight of the cost base across all FirstRand brands operating in Broader Africa. The role ensures transparent, consistent and value-driven cost management through effective transfer pricing, service level agreements, headcount and centre cost management, budgeting, forecasting and advanced cost allocation models.Key Accountabilities
- Own and lead the cost management strategy for Broader Africa, aligned to Group Finance frameworks and governance standards.
- Provide executive oversight of centre cost bases, headcount, establishment control and productivity metrics across African operations.
- Design, implement and manage intercompany transfer pricing models in line with Group policy and regulatory requirements.
- Own and govern Service Level Agreements (SLAs) between countries, shared services and platforms, ensuring transparent cost recovery.
- Develop, run and continuously enhance HPCM costing models across all African entities to enable accurate cost allocation and profitability insight.
- Lead annual budgeting, quarterly forecasting and long-range planning processes for cost across Broader Africa.
- Deliver high-quality cost reporting, variance analysis and insights to senior management, forums and governance committees.
- Act as a strategic finance business partner to regional CFOs, Finance Heads and Executive Committees.
- Identify and drive cost optimisation and efficiency initiatives while supporting sustainable growth strategies.
People Management
- Lead and develop a high-performing cost management team across Broader Africa.
- The role is accountable for talent development, performance management, succession planning and embedding a strong culture of accountability, continuous improvement and collaboration in line with FirstRand values.
Governance, Risk and Compliance
- Ensure strong financial governance, controls and risk management over cost management processes.
- Maintain compliance with Group Finance policies, regulatory requirements and audit standards across all African entities.
Qualifications and Experience
- A minimum of 8–10 years senior finance experience with at least 3–5 years in a leadership or Head-of role.
- Extensive experience in cost management, transfer pricing, cost allocation and shared services environments.
- Proven experience working in a multi-country or pan-African operating model.
- Sound understanding of financial services or banking environments.
Key Competencies
- Strategic thinking and commercial acumen
- Strong leadership and people management capability
- Advanced analytical and financial modelling skills
- Executive stakeholder engagement and influence
- Strong governance and control mindset
Employment Equity
- All appointments will be made in line with FirstRand’s Employment Equity plan.
- FirstRand actively supports the recruitment and advancement of individuals with disabilities and encourages disclosure to enable reasonable accommodation where required.
Important Closing Date Note
Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.
06/05/26All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
Aplyr's read
FirstRand is a dominant force in South Africa's financial sector, attracting professionals focused on innovative banking solutions and ethical financial practices.
What's promising
- •FirstRand is a market leader in South Africa's financial services industry.
- •The company offers diverse career paths across banking, risk management, and financial analysis.
- •Strong focus on ethical practices with roles like Chief Ethics and Conduct Risk Officer.
What to watch
- •High competition in the financial services sector may limit growth opportunities.
- •Limited public information about global expansion strategies.
- •Potentially high-pressure work environment due to industry demands.
Why FirstRand
- •FirstRand's extensive talent pool initiatives indicate a commitment to long-term employee development.
- •The company emphasizes ethical risk management and conduct.
- •Offers specialized roles like XVA Structurer, highlighting a focus on complex financial products.
Aplyr’s read is generated by AI from public sources. Was it useful?
About FirstRand
FirstRand Corporate Centre is a leading financial services provider in South Africa, offering a wide range of banking and financial products and services.