Regulatory Reporting Analyst (Contract)

The Focus Group; Sandton; On-site; ZAR 400,000 - 600,000; Full time

Job summary

The Focus Group is seeking a Regulatory Reporting Analyst in Sandton, South Africa. The role requires performing financial analysis and producing regulatory reports for the CIB business unit. Candidates should have 2-4 years of experience in banking or financial services and strong problem-solving skills.

Qualifications include a Matric certificate and preferred qualifications such as CA(SA) or a Bachelor’s in Financial Management. The role emphasizes compliance with banking regulations and effective stakeholder communication.

Qualifications

• 2 – 4 years’ experience in Banking/Financial services environment.
• Knowledge of financial risk management.
• Understanding of banking regulations and internal policies.

Responsibilities

• Gather information to fulfill regulatory requirements and ensure accuracy.
• Evaluate opportunities to improve processes and systems.
• Identify business problems by analyzing data and reports.
• Provide recommendations by analyzing financial information.
• Ensure compliance with banking regulations.

Skills

Problem solving

Data analysis

Communication Strategies

Education

Matric / Grade 12 / National Senior Certificate

Advanced Diplomas/National 1st Degrees

Qualified Chartered accountant (CA(SA))

Bachelor of Commerce: Financial Management

Job description

Job Purpose

To produce and supply regulatory reporting requirements for the CIB business unit contributing toward the bank and the group requirements to SARB-PA as well as internal stakeholders. To perform financial analysis on business data in order to influence and communicate effectively with stakeholders by adding value to the business's financial management strategy.

Responsibilities

• Gather relevant information from sources and stakeholders in order to fulfill regulatory requirements; i.e., reconcile Balance Sheet and Income statement BA return information obtained to the management accounts; analyze and review information to ensure accuracy and integrity; identify and follow-up on issues relating to regulatory requirements.
• Evaluate opportunities to improve business processes and systems by identifying and recommending effective approaches to operate and adding value to the organization.
• Identify and resolve business problems timeously by analyzing data and reports from various sources.
• Provide meaningful recommendations; explanations and highlight anomalies by analyzing and interrogating financial information.
• Ensure that financial business analysis is conducted in line with the set standards.
• Enhance processes; policies and procedures by researching; reviewing current documents and submitting recommendations.
• Ensure understanding and compliance to banking regulations as well as internal policies.
• Manage defined risks in the finance/regulatory function and risk categories at targeted levels by adhering to internal and external guidelines/policies/procedures/business rules/compliance and governance requirements.
• Support the achievement of the business strategy; objectives and values by reviewing organization and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management. Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• People Specification.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Qualified Chartered accountant (CA(SA))
• Bachelor of Commerce: Financial Management
• Financial risk management

Type of Exposure

• Problem solving
• Developing methods to minimize process and reporting risks
• Drafting reports
• Managing conflict situations
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Data analysis
• Writing business proposals
• Conducting needs analysis
• Communicating standards to others
• Answering stakeholder questions
• Repairing and delivering presentations
• Conducting gap analysis between scope and proposals
• Interacting with various levels of management
• Using different approaches in new work situations and/or business proposals
• Identifying trends.

Minimum Experience Level

• 2 – 4 years’ experience in Banking/Financial services environment

Technical / Professional Knowledge

• Business Acumen
• Business Principles
• Communication Strategies
• Data analysis???