Job Description

Requisition Details & Talent Acquisition Contact
Requisition nr: 142138
Talent Acquisition Specialist: Tshego Semenya
Location: 135 Rivonia Road, Sandown
Closing date: 2 October 2025
Cluster
Personal and Private Banking
Career Stream
Accounting
Leadership Pipeline
Manage Function
Position
Finance Executive Card
Why join our team!
This is a rare and high-impact opportunity to lead the transformation of Nedbank's Card Finance function. The Finance Executive will be at the forefront of restoring profitability and reversing declining market share across both card issuing and acceptance. Operating across clusters and multiple reporting units, the role offers significant strategic influence and visibility. It's a chance to lead from the front, drive financial performance, and unlock new revenue streams in a space that is both complex and full of potential.
The card business is undergoing a strategic shift, with numerous initiatives and business cases already in motion. The environment is rich with innovation and transformation, including the recent acquisition of a fintech company that presents exciting opportunities for integration and synergy. The Finance Executive will play a key role in future M&A activity and will be expected to shape the future of card finance through bold thinking, cross-functional collaboration, and visionary leadership.
Candidates will be stepping into a dynamic and evolving environment. The Card Finance team is relatively new and junior, with a deep dive project underway to uplift capability, streamline processes, and build a high-performing function. The role operates in a fast-paced setting with significant strategic deliverables and transformation initiatives. It's a career-defining opportunity for someone ready to lead change, build capability, and make a lasting impact in a critical portfolio.
Job Purpose
The Finance Executive - Card is responsible for the strategic financial leadership of the Card Product areas, including individual and commercial credit card issuing, debit/cheque card issuing, and Acceptance. This role ensures financial integrity, drives profitability, manages financial risk, and supports innovation in the card business. A key priority is to stabilise the Card Finance function and build a high-performing team capable of meeting the demands of a complex and evolving payments environment.
Job Responsibilities
Strategic Financial Leadership

• Partner with Card Issuing and Acceptance Product Executives to shape business strategy and performance, with a strong focus on meeting stakeholder expectations.
• Lead the development of business cases, revenue enhancement, and cost optimisation initiatives.
• Provide financial insights to support product innovation, market expansion, and inorganic growth opportunities (e.g., iKhokha).
• Drive strategic cost management initiatives, including oversight of RFP processes.

Financial Management, Reporting & Governance

• Oversee financial reporting, ensuring accuracy and compliance with IFRS and regulatory standards.
• Monitor KPIs and profitability metrics across card products, including issuing and acquiring.
• Present financial performance to executive committees and maintain strong internal controls and audit readiness.
• Liaise with auditors, regulators, and internal risk teams to ensure governance and transparency.

Financial Planning & Analysis

• Lead budgeting, forecasting, and financial modelling for Card Issuing and Acceptance.
• Analyse product profitability, transaction volumes, and card-related fees.
• Support assessments of financial synergies from strategic partnerships and acquisitions.

Technology & Innovation Enablement

• Support digital transformation initiatives in payments and drive innovation through platforms such as NedPay.
• Evaluate fintech partnerships and investment opportunities.
• Leverage data analytics and financial systems (ERP, BI tools) to enhance decision-making and reduce manual processes.

Team & Stakeholder Management

• Lead and develop a high-performing finance team, addressing current gaps in senior finance management skills.
• Collaborate with product, client segment, operations, compliance, and CVM teams.
• Engage with external partners including payment networks (Visa, Mastercard), fintechs, and vendors.
• Foster strong relationships with internal stakeholders to ensure alignment and delivery against strategic priorities.

Essential Qualifications - NQF Level

• Professional Qualifications/Honour's Degree

Qualification details

• CA(SA)

Essential Certifications

• Registered at South African Institute of Chartered Accountants

Minimum Experience Level

• 8-10 years' experience in senior financial leadership roles, preferably in banking or card/payments sector.
• Proven experience in strategic planning, financial modelling, and regulatory reporting.

Preferred Experience:

• Managing card portfolios, interchange fees, and payment networks (e.g., Visa, Mastercard).

Technical / Professional Knowledge

• Strategic and visionary leadership.
• Strong analytical and financial modelling skills.
• Deep understanding of banking regulations and card industry dynamics.
• Excellent communication and stakeholder management.
• Ability to lead cross-functional teams and drive change.

Disclaimer
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at +27 860 555 566
Please contact the Nedbank Recruiting Team at +27 860 555 566
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