Sheldon Tamanikwa

Sheldon Tamanikwa

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location of Sheldon TamanikwaCity of Johannesburg, Gauteng, South Africa

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  • Timeline

  • About me

    Capital Manager - Group Treasury Africa Regional Operations

  • Education

    • Institute Of Bankers Zimbabwe

      2001 - 2003
      Diploma in Banking Banking, Corporate, Finance, and Securities Law
    • University of South Africa/Universiteit van Suid-Afrika

      2007 - 2010
      Bachelor of Commerce - BCom Finance and Financial Management Services
  • Experience

    • Barclays

      Aug 2004 - May 2014

      Supported the Corporate Director by offering insightful strategic analysis to shape corporate strategy. This involved identifying performance shortfalls and recommending remedial actions to product managers. Additionally, I oversaw the coordination and compilation of business unit financial plans and budgets, providing analytical support to delineate budget drivers. Ensured the realism of business unit budgets through rigorous assessment and challenge. Managing corporate budgets and financial performance across various metrics such as income, impairments, costs, and balance sheet was a key aspect of my role. Collaborating closely with the Corporate Director, Corporate Relationship Manager, and product teams, I contributed to driving and delivering performance goals. Show less Led the preparation and coordination of the budget process, ensuring alignment with organizational objectives. This involved preparing Management Accounts, Capital, and Funding Plans to facilitate strategic decision-making. Additionally, I conducted comprehensive business performance and analytics to provide insights for informed decision-making. Actively participating in the formulation and tracking of strategy, I analyzed and understood business performance drivers to drive organizational growth. Moreover, I supported business initiatives aimed at revenue growth and cost control measures by collaborating closely with business performance managers. Show less Spearheaded the preparation of Financial Reports for board presentations, ensuring accuracy and relevance. Concurrently, I meticulously monitored, reviewed, and reported on the organization's financial results, providing valuable insights to stakeholders. Additionally, I diligently prepared statutory reports for submission to regulatory bodies, ensuring compliance with all requirements. As the secretariat to the general ledger review meetings, I facilitated effective communication and resolution of financial matters. Furthermore, I played a pivotal role in formulating and maintaining internal control and accounting systems to uphold financial integrity. Lastly, I conducted thorough tax computations to ensure compliance with tax regulations and optimize tax efficiency. Show less

      • Corporate & Investment Banking Business Performance Manager

        Oct 2010 - May 2014
      • Assistant Management Accountant

        Oct 2006 - Oct 2010
      • Team Leader – Payments and Fixed Asset Register

        Jun 2005 - Sept 2006
      • Assistant Financial Accountant

        Aug 2004 - Jun 2005
    • Absa Group

      Jan 2014 - now

      As the Manager of Capital Management within our Group Treasury Capital Management team, my core responsibilities revolve around aligning capital demand generated by ARO legal entities with the group's available financial resources and ensuring compliance with SARB regulations. This entails managing capital demand stemming from various sources such as credit assets, market risk, operational risk, and non-customer assets. I play a crucial role in monitoring and ensuring that capital demand remains in line with strategic plans aimed at achieving group capital targets. Additionally, part of my duties involves investigating any deviations from planned capital demand, providing detailed explanations for discrepancies, and implementing necessary remedial actions to prevent capital breaches for both the entity and the Group.My role demands meticulous attention to detail and a comprehensive understanding of financial regulations and strategic objectives. By effectively managing capital demand and ensuring compliance, I contribute significantly to the financial stability and growth of our organization while safeguarding against potential risks and capital breaches. Show less In my role as Finance Business Partner, I strategically positioned myself within the business areas to enhance value and drive product performance through collaborative efforts with key stakeholders. Through this approach, I cultivated trust-based relationships between finance and product managers, fostering an environment conducive to mutual success.As the Finance Business Partner, I successfully managed a portfolio of critical products including Cash Management, Trade & Working Capital, Term Lending, and Treasury Allocations.• Optimized budgets and financial performance, control expenses and maximize income.• Executed precise forecasting and budgeting for informed decision-making.• Applied advanced analytics to drive business performance.• Delivered monthly financial reports to ensure alignment with organizational goals.• Supported strategic performance management tool development.• Ensured consistent financial data application across the organization. Show less

      • Capital Manager - Group Treasury Africa Regional Operations

        Aug 2022 - now
      • Finance Business Partner - Corporate Investment Banking Africa Regional Operations

        Jan 2014 - Jul 2022
  • Licenses & Certifications

    • Associate

      The Institute of Bankers of Zimbabwe
    • Managerial Leve

      CIMA