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  • Posted: May 28, 2021
    Deadline: Not specified
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    The Bank's history in South Africa dates back to 1862 from our previous shareholding in Standard Bank of British South Africa. In 1969 the Bank merged its two shareholdings in Standard Bank of South Africa and Chartered Bank of India to create the consolidated brand, 'Standard Chartered Bank'. In 1987 Standard Chartered divested from South Afr...
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    Head, Regulatory Reporting

    The Role Responsibilities
    Strategy

    • Establish effective financial controls environment over the Bank’s operations and financial resources;
    • Ensure compliance with the Groups Financial and Management Controls policies, procedures and standards
    • Design and ensure implementation of controls processes for new operations, products and processes.
    • Contribute to the tight cost control and monitoring to ensure healthy capital and liquidity ratio’s and bottom line of the bank
    • Ensure maintenance of an efficient and integrated accounting system with appropriate internal financial controls.
    • To enforce routine of periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
    • Assist with the delivery of a quality ICAAP document working closely with all stakeholders involved.
    • Ensure compliance with PA rules, regulations and directives for Bank supervision and reporting is achieved.
    • Ensure internal audit trail of the regulatory reporting functions is following local regulatory procedures, standards and policies.
    • Proactively managing regulatory reporting requirements.
    • Advise senior management and promote understanding of credit risk, counterparty risk, liquidity risk, and interest rate risk and capital adequacy relating to regulations prescribed by Banks Act.
    • To provide guidance and advise to both external and internal auditors on regulatory issues and audits.
    • Take the lead on change management on all regulations prescribed by Banks Act and Directives.
    • Automate the regulatory landscape in line with Standard Chartered Group architecture.
    • Assist with design and implement a robust operating model that ensures ongoing compliance to policy and BCBS239 regulation.
    • Attend relevant BASA meetings and provide feedback to senior management

    Business

    • Review of Capital projections and explain to senior management the CAR drivers.
    • Ensure accurate reporting on the performance drivers of the balance sheet (new business, attrition) and the correlations to RWA and EAD.

    Processes

    • Ensure timely and accurate Regulatory Reports including Pilar III disclosure are submitted to the PA.
    • Ensure sign-off of BA099 by Risk Officials per specimen signatures.
    • Ensure monitoring of daily Liquid assets and minimum Reserve balance requirements and all other risks on a monthly basis
    • Present monthly graph reviews in preparation for the PA discussions
    • Advise senior management (Finance, Global Markets, Origination and Client coverage teams, credit etc) on all regulatory issues
    • Advising the Bank on issues related to Capital i.e. Capital Floor calculations
    • Ensure compliance and embedding of Basel guidelines as per PA requirements.
    • Assisting other departments on the interpretation and application of the PA rules.
    • Ensuring that the Bank is compliant with the Bank’s Act, regulations pertaining to the Banks Act, regulations relating to foreign branches and all guidance notes, directives and circulars.
    • Assisting internal Auditors and external auditors with all aspects of regulatory return audits and advisory processes.
    • Assisting with other local regulatory reporting requirements, including ad hoc matters.
    • Provide an advisory role on regulatory related issues in meetings, e.g. DGC, RDF.

    Risk Management

    • Ensure adherence to financial controls.
    • Ensure maintenance of proper record keeping on all KRIs and KCS, DOIs
    • Contribute to the strong controls environment and champion policy implementation/reviews

    Governance

    • Assist with the annual ICAAP/Recovery plan document to PA by ensuring adherence to internal and external requirements.
    • Engage all stakeholders to ensure quality ICAAP/Recovery Plan document is submitted to PA.
    • Active tracking of ICAAP against results and driving strategic insights to ALCO and CMT regarding any material variances or shifts

    Regulatory & Business Conduct

    • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
    • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
    • Lead the Finance team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
    • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

    Key Stakeholders

    Internal

    • CFO
    • ALCO Members
    • Treasury/FM/Global Banking & TB
    • Head of Business Finance
    • Regional Balance sheet manager
    • Group Treasury
    • Central Management Team
    • Financial controller
    • Global Finance Services
    • Internal Audit

    External

    • Members of accounting profession
    • External Auditors
    • Prudential Authority
    • BASA
    • Bank Suppliers and customers

    Other Responsibilities

    Guidance on matters relating to Regulatory Reporting:

    • Banks Act 1990. (Act no 94 of 1990);
    • Regulations to Banks Act 1990;
    • Conditions for the conducting of a business of the bank by foreign institution by means of a branch in the public;
    • Directives, Circulars, Guidance Notes and other correspondence/request by the Prudential Authority (‘PA’);
    • Monitoring of different risk components: Credit, Liquidity Interest rate, Operational and Capital Adequacy;
    • ICAAP process;
    • ALCO agenda;
    • BCBS 239 implementation requirements;
    • Capital and liquidity projections;
    • RWA optimisation

    QUALIFICATIONS:

    • A University degree in Accounting and/or Finance.
    • Membership to a professional body e.g. CA (SA) or CIMA would be an added advantage.
    • Extensive experience in a financial reporting department of a commercial organization.
    • A sound knowledge of the Group Accounting practice and statutory requirements and Basel III Advanced.
    • High level of experience in working with computerized Accounting/Banking systems. 
    • Good communication and interpersonal skills.
    • Ability to work in a busy and strenuous environment for long hours.
    • Broad understanding of good Banking practice.
    • An eye for detail and accuracy with a strong analytical capability.
    • Superior level of computer literacy is required.
    • Track record of developing teams.
    • Ability to influence senior management.

     
    Apply now to join the Bank for those with big career ambitions. 

    Method of Application

    Interested and qualified? Go to Standard Chartered Bank on scb.taleo.net to apply

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