Senior Manager: Regulatory Reporting at Nedbank

To produce and supply regulatory reporting and capital adequacy for the bank and the group to SARB and stakeholders (internal & external); the role may also require the management of a team.

Job Responsibilities

• Manage production process by ensuring accurate timeous submissions to stakeholders
• Manage, monitor and review analysis and interpretation of information to produce various regulatory reporting requirements
• Prepare, review, analyse and optimise Capital Adequacy and related disclosures
• Prepare and review Intergroup exposures schedules for incorporation into the various returns as well as various management committee
• Manage, monitor, consolidate, review and analyse information to produce the Risk and Balance Sheet Management disclosure for the Financial results disclosure
• Ensure compliance with Bank’s Act and Regulations relating to Bank’s Act
• Perform various reconciliations to the Financial accounts and disclosures
• Analyse and review information to ensure accuracy and integrity
• Understand bank’s products and impact of new products on the regulatory environment 
• Gathering relevant information from internal stakeholders
• Manage colleagues and client's expectation and communicate appropriately
• Liaise with Clusters on how current and proposed new Regulatory changes impact on their business
• Identify and follow up on external audit issues relating to regulatory requirements with the business
• Ensure corrective actions are being implemented and compliance maintained
• Establish and maintain mutually beneficial relationships with all stakeholders
• Ensure on-going training and sharing of knowledge with staff and clusters
• Liaise with external stakeholders to answer queries and provide information where necessary
• Ensure sign off of all reconciliations, regulatory reporting and Financial disclosure from Clusters and Group
• Analyse information and investigate deviances from trends and implement corrective action
• Continually assess and investigate innovative ways to streamline and automate all processes
• Continuously monitor existing controls measured against desired results in order to identify needs and opportunities for enhancements
• Ensure alignment to SARB, Bank's Act, Regulations and Basel reporting requirements
• Facilitate internal audit reviews and external audits
• Conduct Testing on new projects / developmen
• Ensure accurate, relevant and reliable output to stakeholders
• Understand all changes to regulatory reporting requirements
• Ensure that quality and productivity standards are consistently and accurately maintained
• Inform relevant parties of the reporting timelines and deadlines, solicit appropriate feedback, renegotiate where appropriate as means of resolution and escalate non compliance where necessary
• Manage performance of staff
• Mentor and coach staff on identified performance gaps
• Motivate staff to perform and contribute to the success of the business
• Stay abreast in field of expertise and deliver on the expectations from stakeholders
• Contribute to team effectiveness
• Maintain a capable high performing team and ensure an environment for optimal performance is created
• Ensure self and staff understand and embrace the Nedbank Vision and Values
• Manage the on boarding process of new employees
• Ensure transformational target are met 
• Contribute to a culture conducive to the achievement of transformation goals
• Participate in the development and implement action plans
• Address issues raised in culture surveys
• Support and encourage staff to participate and support corporate responsibility initiative.
• Achieve operational excellence
• Encourage team to generate innovative ideas and share knowledge.

Essential Qualification

• B Comm

Preferred Qualification

• B Com Hons / CA (SA)

Essential Certifications

• Chartered Accountant (SA), Chartered Financial Analyst

Minimum Experience Level

• 3 - 5 years experience in a similar role as a Regulatory Reporting Specialist.
• Regulatory Reproting to the Prudendtial Authority
• Analysis and production of manaement information
• Automation of various reporting processes
• Training and development role to NAR and other offshore Banking operations (within the Group)
• Guidance and support on Banks Act and Regulation relating to Banks interpretation
• Understanding of the Banks Act and Regulations
• BA returns analysis knowledge

Type of Exposure

• Implementing a strategic plan
• Measuring client satisfaction
• Investigating and reviewing processes to improve client service
• Providing constructive feedback to employees
• Communicating job requirements and performance standards to others
• Conducting performance feedback meetings
• Enforcing disciplinary actions against employees
• Assuming a key leadership role
• Recruiting and staffing
• Managing business risks

Technical / Professional Knowledge

• Strategic planning
• Performance management
• Business administration and management
• Operations planning
• Employee training/development
• Relevant regulatory knowledge
• Principles of project management
• Change management
• Business writing skills
• Service level agreements