Regulatory Reporting Analyst

Absa Group Limited; Johannesburg; On-site; ZAR 300 000 - 600 000; Full time

Job summary

An established industry player seeks a Regulatory Reporting Analyst to ensure the accuracy of returns submitted to the Prudential Authority. In this vital role, you will coordinate with various departments to compile and prepare consolidated risk information, manage data submissions, and enhance reporting processes. Your analytical skills will be crucial in identifying variances and ensuring compliance with regulatory standards. This position offers an exciting opportunity to contribute to the financial integrity of the organization while developing stakeholder relationships across finance and risk departments. If you are passionate about regulatory reporting and thrive in a dynamic environment, this role is perfect for you.

Qualifications

• 3-5 years experience in Regulatory Reporting or CA(SA) with 0-3 years PQE.
• Experience in a Banking environment preferred.

Responsibilities

• Prepare and complete risk information and BA returns for Prudential Authority.
• Coordinate data collection and ensure accuracy of submissions.
• Identify enhancements to reporting processes for optimal efficiency.

Skills

Regulatory Reporting

Analytical Skills

Project Management

Report Writing

Logical Thinking

Entrepreneurial Thinking

Networking

Education

Bachelor's Degree in Business, Commerce, or Management Studies

Tools

DIX Submission Tool

Job description

Job title: Regulatory Reporting Analyst

Job Location: Gauteng, Johannesburg

Deadline: May 16, 2025

Job Summary

• This team is responsible for ensuring consistency and overall accuracy of returns, queries, commentary and supplementary data submitted to the Prudential Authority. Reports changes to the Regulatory Reporting Change Control Committee (RRCCC).
• Interaction with the regulatory risk and data production centers (such as Finance, Treasury, Credit Risk, and Market Risk) to source data and implement efficient data flows that support the requirements mentioned above in a sustainable way.

Job Description

Key Accountabilities

Preparation and completion of risk information:

• Collect information from various sources in the risk and production centers for the compilation and preparation of consolidated risk information required in the Prudential Authority (PA) returns.
• Coordinate resources from other areas of the ABSA Group, planning and managing the timetable for data collection, consolidation, and review of data and information to ensure that deadlines are met in respect of data submissions.
• Calculate the relevant sections required for returns for submission within set deadlines; drawing from source data, own financial and regulatory knowledge and expertise.
• Prepare the reconciliation of the risk and finance data (RAFDA) between systems to ensure that the data submission is complete and accurate.
• Identification and preparation of the journals and/or adjustments, for review, to ensure accurate and complete submission within the set deadlines and according to policy.
• Account for late adjustments to data and/or return submissions with adequate supporting documentation and commentary for review by team leader.
• Identification of significant month-on-month, quarter-on-quarter, and year-on-year variances for commentary prior to review and analysis by team leaders and prior to submission.
• Obtain relevant risk commentary from the Regulatory risk and production teams on the variances identified and on queries raised by the Prudential Authority (PA) or internal review forums.
• Collate the commentary and assess the adequacy thereof, by performing a high-level review thereof, drawing on own knowledge and expertise, and present this for review prior to submission.
• Meet reporting deadlines as set internally and by the Prudential Authority or as per instructions and working day timetables.
• Provide input and assistance to the reviewer and prepare the monthly management information packs for internal review forums.
• Identify enhancements to current reporting processes and policies in order to achieve optimal efficiency.
• Build stakeholder relationships, i.e., with Group Finance, Treasury, Market Risk, and Credit Risk.

Preparation and completion of BA returns:

• Collect information from various sources, i.e., Group Finance, Treasury, Market Risk, and Credit Risk for the compilation and preparation of consolidated BA returns.
• Coordinate resources from other areas of the ABSA Group, planning and managing the timetable for data collection, consolidation, and review of data and information to ensure that deadlines are met in respect of data submissions to the PA.
• Prepare, calculate, and compile the working sheets in support of the relevant BA returns to the Prudential Authority for review by the reviewer.
• Maintain controls to ensure that the working sheets used in support of the BA returns are accurate and complete.
• Prepare and maintain the relevant working papers, calculations, and/or reconciliation in support of the BA return and other submissions.
• Prepare or calculate ad-hoc and other submissions to the Prudential Authority or internal governance forums such as the Regulatory Reporting Review Committee.
• Upload the BA returns after review into the PA submission tool - DIX.
• Run validation checks on DIX and present for sign off by reviewer.
• Prepare the monthly management information and analysis packs on the BA returns for internal review.
• Provide input and assistance to the reviewer in the drafting of the commentary and Executive Summary for the monthly management information packs.
• Identify enhancements to current reporting processes and policies in order to achieve optimal efficiency.

System maintenance and development:

• To provide input and oversee ad-hoc projects which involve system and process development and improvement.
• Document the enhancements for these projects for future reference according to ABSA requirements and on ABSA template documents.
• Test the automated solution for adequacy, effectiveness, and reliability prior to implementation.
• To assist the system owners in the implementation of this automated solution, including roll out to business units where necessary.
• Identify processes for automation to increase effectiveness and efficiency in the team and present the proposed solution for review.

Role / Person Specification

Education and Experience Required:

• Non CA with a minimum of 3-5 years relevant experience / CA(SA) with 0-3 year PQE.
• Proven experience in Regulatory Reporting is essential.
• Business experience in a Banking environment gained from a Finance, Product Management or Front / Middle office role preferable.

Knowledge & Skills:

• Knowledge of local / international regulatory requirements.
• Knowledge of SA / IFRS accounting standards.
• Product knowledge in the banking industry.
• Good report writing skills.
• Analytical.
• Logical Thinker.
• Project Management.
• Deciding and initiating action.
• Learning and researching.
• Entrepreneurial and commercial thinking.
• Relating and networking.
• Adapting and responding to change.
• Persuading and influencing.
• Creating and innovating.

Education:

• Bachelor's Degrees and Advanced Diplomas: Business, Commerce, and Management Studies (Required).