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Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
Job Summary
Responsible for collation and preparation of regulatory information to the Prudential Authority (PA) according to regulatory guidelines and procedures
Job Description
Key responsibilities
Accountability: Preparation and completion of BA returns
Collect information from various sources, i.e. Finance, Credit, Treasury and business units, Corporate and Investment Bank, Retail and Business Bank and Absa Regional Operations for the compilation and preparation of BA returns to the PA.
Coordinate resources from other areas of the Group, planning and managing the timetable for data collection, consolidation and review of data and information and to ensure that deadlines are met in respect of data submissions to the PA.
Calculate the relevant sections required of returns, such as Non-Standard Asset, Securitisation etc. for submission to the PA within set deadlines; drawing from source data, own financial and Basel knowledge and expertise.
Prepare, calculate and compile the working sheets in support of the relevant BA returns to the PA for review by the reviewer and management.
Maintain the mappings from the IFRS balance sheet and income statement line items to ensure that results are correctly reported in terms of the regulations.
Prepare and maintain the relevant working papers, calculations and or reconciliation in support of the BA return and other submissions to the PA.
Upload the BA returns after review into the PA submission tool (DIX).
Run validation checks on DIX and present for sign off by reviewer.
Investigate queries and draft responses thereto as received from the PA on an ad-hoc basis.
Meet reporting deadlines as set internally per working day timetables
Prepare the monthly management information and analysis packs on the BA returns for internal review.
Prepare the commentary and Executive Summary for the monthly management information packs.
Identify enhancements to current reporting processes and policies to achieve optimal efficiency.
Build relationship with all the relevant stakeholders in the process.
Accountability: System maintenance and development
To drive and oversee projects which involves system development and automation.
Maintain process maps which should include critical controls and process performance measures.
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 to GRR management
Knowledge & Skills:
Knowledge of local/ international regulatory requirements
Strong computer skills e.g. Excel, Word, PowerPoint
Knowledge of SA / IFRS accounting standards
Product knowledge in banking industry
Good report writing skills
Sound values and judgement
Analytical
Logical Thinker
Attention to detail
Education and Experience Required
Chartered accountant (SA) or equivalent experienced accountant with tertiary accounting qualifications and demonstratable technical expertise;
3 years banking experience
3 years’ experience in the compilation of risk data and or financial returns to the PA would be preferred
Strong academic track record.
Competencies:
The position requires an accounted with a passion for banking regulations, investment banking, treasury and more complex banking activities. The following competencies are required:
Analysing: Analyses numerical data; verbal data and all other sources of information.
Applying expertise and technology: applies specialist and detailed technical expertise; uses technology to achieve work objectives.
Writing and reporting: Writes clearly, succinctly and correctly.
Deciding and initiating action: Takes responsibility for actions, projects and people; initiates and generates activity.
Planning and organising: Plans activities and projects well in advance and takes account of possible changing circumstances; monitors performance against deadlines and milestones.
Coping with pressure and setbacks: Works productively in a pressurised environment; Handles criticism well and learns from it
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 1998, 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
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