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ITHALA DEVELOPMENT FINANCE CORPORATION – HEAD: BUSINESS OPERATIONS
ITHALA DEVELOPMENT FINANCE CORPORATION
HEAD: BUSINESS OPERATIONS
EL BAND
BUSINESS OPERATIONS DEPARTMENT
ITHALA SOC LIMITED
DURBAN HEAD OFFICE
REFERENCE NUMBER: SG20058
The Head of Business Operations will lead and manage the operations function of Ithala which incorporate the creation and sustainability of excellent operational support business. The successful incumbent will ensure the design, resource allocation and optimal operating of systems to deliver customer service for both the front office (sales) and back end (operations & service) support.
The responsibilities for the successful candidate will be to:
Drive the organization towards a positive JAWS ratio by working together with BU cluster heads.
Maintain and build Ithala’s participation in Bankserv, National Payment System, Payment Association of South Africa, Visa, MasterCard, Cash Management and sponsoring partner banks.
Assume responsibility for service channels: PORs (points of representation) such as branches and in-store kiosks, ATMs, SSD, card issuing, electronic banking, digital ecosystems, call centre to support the Business cluster i.e. Retail Business Banking, Insurance.
Cash cycle management including CIT processes and controls.
Back office operations and process streamlining by supporting product houses i.e. Home Loans, Card, Insurance, Cash Centres, Vehicle Asset Finance.
Service design and work flow specifications, end to end on-boarding of clients mainly in channels to drive efficiencies and exceptional client-centred service.
Drive automation of enterprise digital wide environment and data digitization including securities and custody management.
Location of the banking facilities/channels based on catchment areas and modernisation of the delivery channels.
Design of work ergonomics and fit for purpose jobs and robust remote and online work environment aligned to the COVID 19.
Operations control to mitigate operational losses, inefficiencies and wastage including revenue leakage, safety and health working standards.
Business processing quality control and reliability for service availability for clients according the agreed standards i.e. uptime of channels.
Performance management of systems and process re-engineering, and execution internal and external SLA with third-parties.
Annual pricing of business activities based on recovering cost to serve/capital allocated and eradication of revenue leakages.
Accurate regulatory reporting through applicable BA returns.
Manage an in-house Supply Chain Management logistics and systems adhering to PFMA and Treasury regulations and all logistics infrastructure including property and premises management and Group security.
Project management through execution and control.
Apply sound and benchmarked corporate governance practices in the business operation.
Manage financial resources including the budget expenditure for the operations division.
Manage management information and compile relevant reports to governance structures.
Develop strategic inputs and monitor their related implementation to the business.
Develop a people strategy that resonate with the organisational aspirational culture.
REQUIRED MINIMUM QUALIFICATIONS, EXPERIENCE AND ATTRIBUTES
FORMAL EDUCATION:
A post graduate degree in commerce or finance.
A Master’s degree in business, commerce, economics or strategy will be advantageous.
EXPERIENCE
10 years of financial services experience.
Must possess 3 to 5 years of Retail Banking Operations experience with at least 5 years in a senior management role.
Have strong experience and understanding of Retail Banking operations.
In-depth understanding of information technology as it applies to business operations.
Have knowledge and experience of the project management discipline, product research and development and monitoring and evaluation.
Have experience of stakeholder management and building buy-in strategy and business cases and be able to operate at C-Suite Level within the Bank.
Have knowledge and experience of developing and implementing new products.
Possess the experience of appointing and directing consultants/external resources as and when required.
Location of the banking facilities/channels based on catchment areas and modernisation of the delivery channels.
Design of work ergonomics and fit for purpose jobs and robust remote and online work environment aligned to the COVID 19.
Operations control to mitigate operational losses, inefficiencies and wastage including revenue leakage, safety and health working standards.
Business processing quality control and reliability for service availability for clients according the agreed standards i.e. uptime of channels.
Performance management of systems and process re-engineering, and execution internal and external SLA with third-parties.
Annual pricing of business activities based on recovering cost to serve/capital allocated and eradication of revenue leakages.
Accurate regulatory reporting through applicable BA returns.
Manage an in-house Supply Chain Management logistics and systems adhering to PFMA and Treasury regulations and all logistics infrastructure including property and premises management and Group security.
Project management through execution and control.
Apply sound and benchmarked corporate governance practices in the business operation.
Manage financial resources including the budget expenditure for the operations division.
Manage management information and compile relevant reports to governance structures.
Develop strategic inputs and monitor their related implementation to the business.
Develop a people strategy that resonate with the organisational aspirational culture.
REQUIRED MINIMUM QUALIFICATIONS, EXPERIENCE AND ATTRIBUTES
FORMAL EDUCATION:
A post graduate degree in commerce or finance.
A Master’s degree in business, commerce, economics or strategy will be advantageous.
EXPERIENCE
10 years of financial services experience.
Must possess 3 to 5 years of Retail Banking Operations experience with at least 5 years in a senior management role.
Have strong experience and understanding of Retail Banking operations.
In-depth understanding of information technology as it applies to business operations.
Have knowledge and experience of the project management discipline, product research and development and monitoring and evaluation.
Have experience of stakeholder management and building buy-in strategy and business cases and be able to operate at C-Suite Level within the Bank.
Have knowledge and experience of developing and implementing new products.
Possess the experience of appointing and directing consultants/external resources as and when required.
FUNCTIONAL COMPETENCIES
Possess strong knowledge of the retail banking business and branch distribution, and its full range of retail banking products.
Proven success in leading and driving the process improvement agendas with solid results.
A strong team leader and team player, with excellent communication skills.
Have strong analytical skills within a solution-orientated focus.
Have a collaborative and delivery focused leadership style.
Have a network within the South African banking sector.
Have the ability to apply business process approach in decision making.
The ability to communicate effectively at all levels, ensuring understanding, trust, buy-in and from the various parties.
Have financial acumen.
Computer Literacy.
Ability to work independently.
Must be goal-driven.
Approachable, innovative and dependable.
Possess good interpersonal skills.
Have great self-management skills
Must possess persuasiveness and influential skills.
Systems and Process thinking is essential.
BEHAVIOURAL ATTRIBUTES
Tenacity
Attention to detail and goal attainment.
Professionalism
Maturity and the ability to represent the organization favourably.
Integrity
High energy, passion and drive to succeed.
Results-orientation
Actively works at achieving goals; self-starting rather than passively accepting.
Flexibility
Ability to adapt.
Customer/ Client Focus
Build and maintain relationships, networks and contacts to obtain goals expressing predominant concern for servicing the needs of customers and displaying reliability.
Interpersonal Communication
Ability to give and receive information, views and opinions in a manner
appropriate to the audience and thereby influence others and the
ability to advance communication.
Creativity and Innovation
Develop new ideas and suggest new approaches and solutions to
enhance a quality service delivery.
Leadership
Capture the essence of effective leaders and translate it into measurable behaviours through adaptability; building partnerships; coaching/developing others/mentoring; continuous learning; facilitating change; people management; quality commitment/work standards; resource Management; result focus and accountability; risk taking; strategic leadership and work management.
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
CLOSING DATE: 10 NOVEMBER 2020
INTERESTED APPLICANTS MUST FORWARD A DETAILED CV, CERTIFIED COPIES OF QUALIFICATIONS AND IDENTITY DOCUMENT BY E-MAIL TO HR_Recruitment6@ithala.co.za
KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.
PLEASE NOTE:
LATE APPLICATIONS AND APPLICATIONS WITH NO REFERENCE NUMBER WILL NOT BE CONSIDERED.
E-MAIL USERS ARE REQUESTED TO SET THE DELIVERY OPTION ON BOTH “RETURN RECEIPT” AND “CONFIRM DELIVERY”
CORRESPONDENCE WILL BE LIMITED TO SHORT-LISTED CANDIDATES. ALL SHORT-LISTED APPLICANTS WILL BE SUBJECTED TO ASSESSMENTS, REFERENCE AND CREDIT CHECKS. IF YOU HAVE NOT BEEN CONTACTED WITHIN 1 MONTH OF CLOSING DATE OF THE ADVERTISEMENT, PLEASE ACCEPT THAT YOUR APPLICATION HAS BEEN UNSUCCESSFUL.