Senior Specialist: Regulatory Reporting (VP) at Absa

Job Summary

We are pipelining for a Senior specialist role in the Regulatory Reporting team.
This role is being advertised under an Evergreen requisition which we are using to build our talent pipeline.

This team is responsible for the production of the BA900 series, the BA610, BA600 and BA 700 series on a monthly and/or quarterly basis. The team also needs to ensure the consistency and overall accuracy of all other financial returns produce by Financial Control, queries, commentary, and supplementary data, submitted to the Prudential Authority (PA).
Production and presentation of analytics packs, which are presented at the Regulatory Review Committee (RRC) for discussion.
Design, develop and implement robust review methodologies, analytical tools, and processes to ensure appropriate, consistent, and accurate information is provided in a timely manner.

Job Description

Key Accountabilities:

Reporting

• Production of monthly and/or quarterly returns and analytical packs to the Prudential Authority

• Designing, developing and implementing processes and systems which will enable the reporting of data to the Prudential Authority as well as to the Regulatory Review Committee (RRC) and Regulatory Reporting Change Control Committee (RRCCC).

• Implement controls to provide comfort that reporting is accurate.

• Responsible for ensuring that all reporting is delivered on time and is accurate Reviewing of reporting and commentary received from Risk and Production areas to ensure that reporting is accurate.

 

Accountability: Analytics

The role will support senior internal stakeholders in the business and provide analytic insight based on business understanding to senior stakeholders.

 

Specific accountabilities include:

• Designing, developing, and implementing analytical tools which will provide comfort that internal and external reporting is accurate (including scenario analyses to anticipate and challenge reporting results);

• Ensuring that team members have a detailed understanding of products and businesses to enable relevant design and interpretation of analytics to enable accurate timeous commentary on reporting

• Provide input into regulatory reporting deliverables using business knowledge obtained through analytical processes

• Provide commentary; and continuously evaluate the control framework and enhance it as appropriate.

 

Accountability: Technical Authority

• Maintain a high level of knowledge of the technical subject matter. Specifically, a good knowledge of the following is required:

  • Regulatory Reporting including new developments and impact analysis

  • Banking (Retail, Wealth, Investment Banking, Wholesale Banking, Treasury);

• Provide review and sign-off of team deliverables;

• Perform and present financial analysis; prepare and present commentary;

• Design, develop and maintain analytical processes and tools to ensure that it delivers accurate information;

• Interact with senior leaders in the firm and the Prudential Authority;

• Engage with outside key partners (e.g. auditors) where required; and

• Identifying and/or implementing projects by the teams necessary in improving wider risk and return production environment.

 

Project & Staff Management:

• Providing leadership to junior team members in implementing and improving reporting processes;

• Ensure that assigned projects are planned, staffed accordingly and successfully implemented within greed timelines. Communicate if risks arise to successful implementation of assigned projects, and finalise and propose alternatives;

• Assist in embedding informal coaching in the team.

 

Role / Person Specification:

Education and Experience Required

• B degree/similar qualification in a financial/related discipline or CA(SA)

• Non-CA with 8 to 10 plus years relevant experience or CA with 6 to 8 plus years PQE

• Regulatory Reporting experience essential

• Management experience preferable

• Business experience in a Banking environment gained from a Finance or Product

• No criminal record

 

Knowledge & Skills: (Maximum of 6):

• Knowledge / awareness of Basel and new regulatory developments and Banks Act and Regulations, Absa policies and standard requirements regarding regulatory reporting.

• Strong problem solving and analytics skills

• Banking Product Knowledge.

• Strong reporting writing and presentation skills.

• Exceptional interpersonal and team-working skills and the ability to communicate at all levels;

• The ability to work in a pressured and unstructured environment and to cope with the demands of working to tight deadlines.

 

Competencies: (Maximum of 8 competencies):

The position requires a technically minded accountant with a passion for investment banking.

• Analysis skills & technical ability;

• Judgment / decision making – demonstrates logic, rationality and objectivity in decision making whilst balancing speed vs. thorough approach;

• Integrity – consistent, earns trust, fights fair, uses the facts;

• Team player – approachable, establishes collaborative relationships;

• Oral and Written Communications - fluency, clarity, precise, well organised communications;

• Resourcefulness – action oriented, goes “beyond the call of duty” to solve problems;

• Adaptability – adapts quickly to change and copes well with complexity;

• Experience – Designing and implementing project or system solutions

 

Mental & Environmental Demands

Special work requirements:

• Deal with uncertainty and high pressure.

• Network effectively

• Obtain co-operation

• Able to interact with all levels of staff.

 

Most complex decision that can be taken without referral to the manager:

• Authorities for this role will be established in line with existing FC decision making mandates

 

Business change accountability:

• A high degree of business change implementation will be expected from the successful candidate.

• Responsible to analyse problems, design the solution and implement changes. Ensure that staff impacted on and stakeholders are informed, considered and motivated to embrace the changes.

 

Finance/Resource accountability:

• Manage status of projects deliverables & reporting deliverables according to set date schedule.

• Manage the effort and deliverables of project resources and ensure deliveries are tracked and reported.

 

Communication and Interaction required:

• Staff in own area (manager, subordinates, colleagues) 50%

• Staff outside own area 30%

• External Customers 5%

• Regulators/Government Agencies 10%Other (e.g. Industry Forums/Associations) 5%

 

Please apply to this role should you fit the above requirements

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised