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  • Posted: Sep 30, 2020
    Deadline: Oct 14, 2020
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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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    Regulatory Reporting Officer (10 Month - Fixed Term Contract)

    About Standard Chartered
    We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East. To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good. We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

    The Role Responsibilities

    • Ensure compliance with SARB rules, regulations and directives for Bank supervision and reporting is achieved.
    • Conduct Internal audit trail of the regulatory reporting functions to ensure compliance with local regulatory procedures, standards and policies
    • Actively support meeting the Regulatory reporting requirements
    • Understanding of operational risk, implementation and management of OR within the Unit.
    • Support the preparation of monthly graphs required for monthly BA 099 sign-off meetings.
    • To support Regulatory Reporting manager in ensuring timely and accurate reporting.

    Business

    Regulatory reporting - Local Regulatory Compliance

    • Prepare/review daily, monthly, quarterly, semi-annual and annual BA returns and ensure reports are submitted to the PA on time as prescribed in the regulation and as authorised by the various risk type owner including responding to queries from PA oral & written.
    • Prepare summaries & impact analysis of all new PA Directives/Circulars and guidance notes and run with all projects to implemented required changes.
    • Prepare Pillar 3 report for the branch (including coordinating of work offer required to obtain information from sources other than local regulatory reporting.
    • Assist with the automation of the BA returns specific focus on the Risk returns and Economic returns.
    • Assist in monitoring of daily Liquid assets and minimum Reserve balance requirements and all other risks on a monthly basis
    • Assist in reconciliation of daily, monthly, quarterly, half yearly and yearly returns to management/financial accounts as per Financial Control breakdown as well as validation rules
    • Set up monthly graph reviews in preparation for the SARB discussions.
    • Provide necessary support to ensure compliance and embedding of Basel III guidelines as per SARB requirements.
    • Assist other departments on the interpretation and application of the SARB rules.
    • Preparation for review SARB query slides based on observed trends and internal triggers.

    Risk Management

    • Report any potential operational risks.
    • Identify and report all exceptions on non-compliance with standard controls.
    • Identify and report all weaknesses inherent in the standard controls.
    • Assist in reconciling finance owned accounts and provide evidence to Financial Controls Manager.

    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.
    • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

    Key Stakeholders

    • Regulatory Reporting Manager
    • Head of Regulatory Reporting
    • Financial Controller
    • Business Finance
    • Global Finance Services (GFS)
    • Treasury Markets
    • Group LCR teams
    • South African Reserve Bank
    • External Auditors

    Our Ideal Candidate

    • A university degree in Accounting/Banking or studying towards a qualification in Accounting and Finance
    • At least two years work experience in a busy financial reporting department of a commercial organisation.
    • A sound knowledge of Basel 3 regulations and statutory requirements and all-round Banking experience.
    • High level of experience in working with computerised Accounting/Banking systems.
    • Good communication and interpersonal skills.
    • Ability to work in a busy and strenuous environment.
    • Good understanding of good banking practice
    • An eye for detail and accuracy with a good analytical capability.
    • Advanced Excel knowledge and advanced level of computer literacy is required.
    • SQL knowledge is an added advantage

    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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