Senior Financial Manager: Card Issuing and Acquiring

Requisition Details & Talent Acquisition Contact

Requisition nr: 143669
Talent Acquisition Specialist: Tshego Semenya
Location: 135 Rivonia Road, Sandown
Closing date: 22 January 2025

Cluster

Business and Commercial Banking 

Career Stream

Leadership Pipeline

Position

Senior Financial Manager: Card Issuing and Acquiring

Why join the team!

Join a high-impact Business and Commercial Banking team where financial leadership meets card-product expertise. In this role, you’ll be at the center of shaping strategic decisions for Nedbank’s cards portfolio within a segment that serves diverse business clients. You’ll own consolidated financial analysis, performance insights, and reporting that influence how we grow and compete in a dynamic market.

Expect to work in a fast-paced, complex environment where evolving regulations, competitive pressures, and digital transformation create exciting challenges. You’ll partner closely with card operations and product teams to optimize economics like interchange and MDR, manage risk, and ensure compliance—all while driving innovation and efficiency. You’ll influence budget and investment calls, strengthen financial controls, and help design processes that support scale and resilience.

If you’re passionate about combining rigorous finance with the real economics of card products, this role gives you the scope to make your mark, operate independently, and deliver outcomes that matter to Nedbank’s clients and the business. You’ll tackle projects that require strategic thinking, problem-solving, and collaboration across multiple stakeholders, while contributing to automation and process improvements that shape the future of card finance in Business and Commercial Banking.

Job Purpose

To direct, add value and enable business decisions through effective consolidated financial analysis, reporting and controls across Business and Commercial Banking, with a specific focus on the cards business, in line with Nedbank’s strategy.

Job Responsibilities

• Provide meaningful recommendations, explanations, and highlights of concerns or anomalies by analysing and interrogating financial information (with focus on card portfolios).
• Ensure accurate and timeous budgets are submitted and reviewed, aligned to economic indicators and group strategic initiatives.
• Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
• Compile financial statements in compliance with IFRS and relevant regulatory frameworks.
• Comply with relevant legislation by reviewing and submitting statutory returns timeously.
• Consolidate financial reports and make value-added recommendations using information from various sources.
• Engage and collaborate with stakeholders (Finance, Card Product, Operations, Risk) to understand requirements and deliver insights that drive outcomes.
• Identify opportunities to create beneficial partnerships and synergies across BCB to support group collaboration initiatives.
• Provide ongoing guidance, coaching, and best-practice standards to the finance team to elevate analysis and reporting quality.
• Plan, prioritise, and communicate effectively to meet deadlines and targets; organise and monitor workflow to maintain high standards within defined timeframes.
• Build intellectual capital through mentoring, coaching, and on-the-job skills training.
• Schedule and coordinate activities and resources to achieve business objectives within specific timeframes.
• Manage finance risks and control environments at targeted levels, adhering to governance, compliance, and business rules.
• Align systems, processes, services, and solutions with Nedbank and Business Unit plans to support strategy.
• Drive personal development plans and share knowledge and industry trends during formal and informal interactions.
• Obtain buy-in for new/enhanced processes that improve stakeholder business functioning by highlighting benefits and implementation support.
• Contribute to culture and transformation goals (e.g., staff surveys, initiatives) and support corporate responsibility (e.g., Green Strategy).
• Seek continuous improvement opportunities across business processes and systems to add value to Nedbank.

Essential Qualifications - NQF Level

Preferred Qualification

• Chartered Accountant

Minimum Experience Level

• Minimum 5 years’ deep experience in card products (issuing, acquiring, product, or operations), including exposure to card economics, interchange, MDR, scheme fees, fraud and chargeback processes, and operational cycles.
• 2+ years managing teams, demonstrating leadership in coaching, workflow planning, and quality assurance to uplift capability and ensure timely delivery.
• Ability to produce consolidated financial reports, ensure IFRS compliance, and manage statutory submissions accurately and on time.
• Experience in financial reconciliations, implementing controls, and managing risk to maintain governance standards and reduce financial leakage.
• Strong stakeholder engagement capability across Product, Operations, Risk, and Finance to influence decisions and deliver strategic outcomes.
• Track record of enhancing processes, driving automation, and implementing change initiatives that improve reporting quality, cycle times, and decision-making cadence.

Technical / Professional Knowledge

Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566