Old Mutual was established in Cape Town in 1845 as South Africa's first mutual life assurance society. Our purpose is to help our customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities and broader society.
The Regulatory Reporting Team functions as part of the Group Reporting & Insights team within the Old Mutual Limited (OML) Group.
The team has a broad knowledge of the business across the group due to the rigorous reporting required for designated Insurance Groups and Financial Conglomerates. This requires interaction with stakeholders across the group and regulatory bodies, leading to a strong working relationship with all the business segments within OML.
To ensure accurate and timely preparation, completion, and submission of the BA610 returns, which report on the offshore operations of South African banks, in compliance with the Prudential Authority’s directives under the Banks Act.
Compile and submit semi-annual financial conglomerate returns within the timelines stipulated by the regulator.
Calculate and consolidate Group Equity Value across segments whilst ensuring alignment with internal valuation methodologies. Support decision making processes through accurate reporting.
Consolidate and prepare financial and strategic information required for S&P credit rating reviews.
Assist with any IAIS related requirements communicated via the Prudential Authority.
Maintain audit trails to ensure smooth audits across the processes.
Preparation of ad-hoc applications made to the local regulator
Plan timelines to ensure timely and appropriate reviews occur
Support the forecasting of Group Equity Value
Drive operational excellence through active process review and improvements that ensure deliverables are performed accurately and efficiently.
Keep abreast with regulatory developments and ensure compliance within processes.
Participate in knowledge sharing initiatives within Group Reporting & Insights team
Have an understanding of legal and management consolidation structures with a strong appreciation of need for process disciplines and controls
Requirements:
3-5 years working experience
Basel III experience
BA return experience
CA (SA) advantageous or any relevant qualification
Microsoft Office (Strong Excel, Word and PowerPoint)
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