Manager: Regulatory Reporting at Absa Group Limited (Absa)

Key accountabilities

Accountability:  Liquidity risk and Funding reporting 40%

• Establish strong working relationships with ARO Treasury and Risk, Treasury Technology Enablement, and Group Regulatory stakeholders.
• Provide subject-matter expertise support and management reporting oversight to the ARO Treasury and Risk and Data Modelling teams teams to ensure the accurate completion of the Liquidity and Interest Rate Risk Regulatory reporting and analytical packs
• As as a central point of contract for all ARO Liquidity and IRRBB regulatory related matters
• Prepare other internal reports to monitor, manage and mitigate liquidity and interest rate risk.
• Prepare and present regulatory dashboards / packs for inclusion in committee meetings for senior management to make effective decisions.
• Prepare and present regulatory packs for rating agencies / Pillar 3 reporting / QIS and other external stakeholders.
• Lead engagement with ARO Treasury and Risk to effect or enhance controls and checks in place to ensure accurate reporting of liquidity and interest rate risk metrics.
• Support the Regulatory Reporting Models owner in the monitoring or enhancing of existing data and reporting models and ensuring the models comply with Group standards and governance
• Identify risks and mitigating actions for liquidity reporting and review appropriateness of these risks over time.
• Partner with various ARO and Group stakeholders to ensure data quality issues are resolved and controls are put in place to mitigate the risk of inaccurate regulatory reporting.

Accountability:  Financial modelling / analysis 30%

• Drive and deliver liquidity and interest rate risk process optimisation initiatives.
• Perform detailed analysis (trend, competitor and forecasts) on key metrics and ratios.
• Collect, interrogate and consolidate information from the countries for monthly and quarterly  regulatory reporting at an ARO level and submission for Group consolidatoin
• Annually review relevant assumptions used in liquidity and interest rate risk reporting to ensure they are appropriate and captured accurately in the Modelling and Reporting tools.

Accountability:  Business context 10%

• Develop an internal network within ARO Treasury and Risk, Technology Enablement and Group Regulatory Reporting .
• Determine and advise the Heads of Funding and Liquidity Management and IRRBB of areas in which changes in Regulations can be used to support business to achieve Board targets and drive implementation in Business
• Work closely with the ARO Finance, ARO FLM and ARO IRRBB teams to ensure alignment between balance sheets, internal metrics and regulatory disclosures
• Develop and expand an understanding of approaches used in the management of liquidity and interest rate risk.
• Stay abreast with industry, macro and regulatory developments in the area of Liquidity and IRRBB to ensure approach remain in line with best practice and Regulation
• Provide support for meetings with auditors, ratings agencies and other parties as required.
• Assist with production of presentations on topics or various audiences as required.

Accountability:  Cluster & Country views 10%

• Drive cluster and country level metric analysis to enable better understanding of liquidity and interest rate risk within the business areas.
• Working with business areas in identifying and managing drivers to optimise liquidity and interest rate risk metrics.
• Improving processes and streamlining models to generate reports efficiently and accurately.

Accountability: Stakeholder Engagement 10%

• Present regulatory risk results in regulatory reporting review meetings.
• Liaise with regulatory stakeholders and support functions on various projects and ad hoc tasks.
• Collaborate with business and country teams to optimise balance sheet composition and resulting liquidity and interest rate risk metrics.
• Engage with Internal and External Audit teams during the various audit processes.
• Collaborate with data and finance functions to ensure Audit findings are resolved and liquidity and interest rate risk reporting amended to ensure continued compliance with regulatory requirements.

Preferred Education

• Relevant degree in Maths/Finance/Risk Management
• CA (SA)/CFA/MBA/FRM

Preferred Experience

• Prior Banking experience (Treasury environment preferable)
• The role requires the suitable candidate to be skilled in data analysis and manipulation

Knowledge and Skills

• Innovative thinker/problem solver
• Broad understanding of banking
• Ability to work well under pressure
• Understanding of financial markets and regulations
• Proficient in Microsoft Office
• Exposure QlikView and Advanced Excel formulas
• Prior experience in Project related deliverables