Regulatory Reporting Analyst

Regulatory Reporting Analyst

Location: Johannesburg

Type: Hybrid, Full-time

Posted on: Posted Yesterday

End Date to Apply: April 30 (13 days left to apply)

Empowering Africa's tomorrow, together…one story at a time. With over years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

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) in order to source data and implement efficient data flows that support the requirements mentioned above in a sustainable way.

Key Accountabilities

1. Preparation and completion of risk information: Collect information from various sources in the risk and production centres for the compilation and preparation of consolidated risk information required in the Prudential Authority (PA) returns.
2. 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.
3. Calculate the relevant sections required for returns for submission within set deadlines; drawing from source data, own financial and regulatory knowledge and expertise.
4. Prepare the reconciliation of the risk and finance data (RAFDA) between systems to ensure that the data submissions are complete and accurate.
5. 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.
6. Account for late adjustments to data and/or return submissions with adequate supporting documentation and commentary for review by team leader.
7. 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.
8. 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.
9. 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.
10. Meet reporting deadlines as set internally and by the Prudential Authority or as per instructions and working day timetables.
11. Provide input and assistance to the reviewer and prepare the monthly management information packs for internal review forums.
12. Identify enhancements to current reporting processes and policies in order to achieve optimal efficiency.
13. Build stakeholder relationships with Group Finance, Treasury, Market Risk and Credit Risk.

Education and Experience Required

1. CA(SA) or B degree/similar qualification in a financial/related discipline.
2. Non-CA with a minimum of 3-5 years relevant experience / CA(SA) with 0-3 year PQE.
3. Proven experience in Regulatory Reporting is essential.
4. Business experience in a Banking environment gained from a Finance, Product Management or Front/Middle office role preferable.

Knowledge & Skills

1. Knowledge of local/international regulatory requirements.
2. Strong computer skills e.g. Excel, Word, PowerPoint.
3. Knowledge of SA/IFRS accounting standards.
4. Product knowledge in banking industry.
5. Good report writing skills.
6. Analytical and logical thinker.
7. Attention to detail.
8. Reconciliation and system development.
9. Project Management.

Competencies

1. Deciding and initiating action.
2. Learning and researching.
3. Entrepreneurial and commercial thinking.
4. Relating and networking.
5. Adapting and responding to change.
6. Persuading and influencing.
7. Creating and innovating.

Education

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

Absa Bank Limited is an equal opportunity, affirmative action employer.

In compliance with the Employment Equity Act 55 of , preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised.

About Us: Absa Group Limited ("Absa Group") is listed on the Johannesburg Stock Exchange and is one of Africa's largest diversified financial services groups.

Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.