Job Description
Hello future Credit Regulatory Reporting Analyst
FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you!
The credit reporting function provides support through the credit analysis of the FirstRand loan portfolio. This requires an in-depth understanding and review of the bank’s credit portfolios, including the underlying mix and concentrations, risk drivers and the formulation of expectations of credit performance based on macroeconomic scenarios. This entails periodic analysis and reporting on the Group’s credit financial performance, as well as external reporting of similar information, credit technical and regulatory matters to facilitate the effective credit portfolio monitoring and management.
Ensure the coordination and completion of the Credit Regulatory Reporting requirements and deliverables. Responsible for calculating and reporting the Bank's key credit and capital ratios both internally and to the regulators.
Are you someone who can:
- Analyse and understand credit regulatory reporting to identify data issues, reasonability around variances and other regulatory anomalies.
- Submit regulatory returns to the SARB by deadline.
- For internal reporting purposes, create / enhance templates to inform business decision-making and openness to innovative thinking.
- Investigate daily variances and communicate findings to relevant internal stake holders with a view to resolving the issue and preventing similar occurrences in future.
- Provide internal reports for stakeholder decision-making.
- Engage with internal stakeholders to resolve identified issues.
- Engage with internal stakeholders to improve operational efficiencies and reporting.
- Engage with SARB on issues of regulatory interpretation and significant actual or potential movements.
- Engage with internal and external auditors to provide information, discuss findings and resolve outstanding issues.
- Assisting with preparation of credit information for inclusion in annual and interim results, budget reports and risk reports
- Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained.
- Stay relevant and up to date with regulations and new developments.
- Maintain a positive attitude and responds openly to feedback.
- Handle stress in ways that do not negatively impact others.
- Plan and manage own workflow, anticipating obstacles, juggling priorities and following through on objectives within agreed time-frames and according to quality standards.
- Take ownership of personal career development, leveraging formal and informal opportunities.
- Act in an ethical, transparent, and morally defensible manner, including highlighting unethical practices.
- Continually share, debate, and communicate learnings.
- Flag and debate issues constructively.
- Promote a friendly, co-operative climate in working with others to achieve shared goals, including providing guidance and assistance to others as required.
You will be an ideal candidate if you:
- Completed a Post Graduate Qualification in Accounting, Risk Management and or Auditing CA (SA) Preferable
- Have minimum 3 years’ experience in a similar environment.
- An understanding of Credit Regulatory Reporting.
- Business Partnering skills liaising with other business units desirable.
- Working knowledge and experience in a financial services institution.
- Strong numerate and accounting skills with an understanding of credit risk regulatory reporting as well as high attention to detail and strong problem-solving skills.
- HFM experience preferred.
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