Regulatory Reporting Analyst Full-time Job

Regulatory Reporting Analyst

Job : Finance

Primary Location: Africa & Middle East-South Africa-Johannesburg

Schedule: Full-time

Employee Status: Permanent

Posting Date: 05/May/2023, 4:59:23 PM

Unposting Date: 20/May/2023, 1:59:00 AM

Roles and Responsibilities:
Job Purpose:

• 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.

Regulatory Compliance:

• Prepare all daily, monthly, quarterly and half yearly and yearly BA returns working with Regulatory Reporting officer for submission to SARB.
• Ensure reports are submitted to the SARB on time as prescribed in the regulations and as authorised by the various risk type owners.
• Ensure monitoring of daily Liquid assets and minimum Reserve balance requirements and all other risks on a monthly basis.
• Ensure that daily, monthly, quarterly, half yearly and yearly returns reconcile to management/financial accounts as per Financial Control breakdown as well as validation rules.
• Assist senior management (Finance, Financial Markets, Global Banking, Credit etc) on all regulatory issues, interpretation and updates.
• Assist 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.
• Provide relevant support in ensuring that the Bank complies with the Banks Act, regulations pertaining to the Banks Act, regulations relating to foreign branches and all guidance notes, directives and circulars.
• Preparation for review of SARB query slides based on observed trends and internal triggers.

Information Systems:

• Assist in ensuring that the banks regulatory reporting systems are subject to controls, which ensure completeness and accuracy of the information they contain.
• Contribute to the overall financial management of information systems (not just reporting requirements).
• Highlight to management any issues impeding systems integration and reporting.

Other Reporting requirements:

• Prepare a monthly reconciliation between Regulatory returns and the monthly ZAR AFS.
• Prepare Pillar 3 disclosure requirements based on annual financial statements (AFS) at year end.
• Prepare Pillar 3 quarterly Capital disclosure

Audits:

• Assist in the coordination of internal and external regulatory audits and reviews.

Operational Risk Management:

• Report units OR issues and losses to the respective UORM.
• Assist UORM in developing and updating of procedures controls and monitoring plans for Operational Risk Management.
• Adhere to the agreed KCSA plans and approach; identifying and reporting all exceptions on non compliance with standard controls.
• Maintain up to date DOIs for the unit

Administration matters:

• Contribute to the maintenance of high professional financial standards in the banks operations.
• Participate in all team programmes that foster integration and engagement.

Regulatory & Business Conduct:

• Display exemplary conduct and live by the Groups 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.

Other Responsibilities and Dimensions:

• Key role in the development and maintenance of the sound financial management of the bank and in the mitigation of financial risks.
• Contributes to the achievement of the Bank's performance objectives.
• Contributes to the timely production of regulatory and statutory information.
• Contributes to the projection of the correct image to Shareholders, Customers and Regulators.
• The integrity of financial data and financial reports to third parties and the SARB.
• Staff training, development and support.

Regulatory & Business Conduct:

• Display exemplary conduct and live by the Groups 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:
Internal:

• Regulatory Reporting Manager
• Head of Reporting
• Financial Controller
• Internal audit
• Business Finance Managers and officers.
• Other Regional finance staff on related issues.
• Global Finance Services (GFS)

External:

• South African Reserve Bank
• Bank suppliers e.g. Heywood Business Analysts for Dix
• External Auditors

Other Responsibilities:
COMPLEXITY/JUDGEMENT:

• Supporting the business activities of the Bank and contributing to the setting and achievement of objectives.
• Contributing to the implementation and monitoring of standards and procedures for the management of operations and other risks throughout the Bank.
• Correct interpretation and implementation of Group Accounting Policies and tax requirements.
• Efficient use of management information systems and resources for the collation of data and information for production of reports and implementation of effective systems within stringent deadlines.

FREEDOM OF DECISION MAKING:

• Required to advise on financial implications on the business to promote achievement of the objectives of the business.
• Required to recommend improvements on systems, procedures and reports formats to enhance understanding of financial dynamics of the business.

KEY MEASUREABLES:

• No unsatisfactory compliance reviews and audits
• Timely and accurate submission of daily returns
• Timely and accurate submission of monthly and quarterly returns
• Non-compliance and control weaknesses are duly reported
• Maintaining robust controls and monitoring actions

Our Ideal Candidate:

• A university degree in Accounting and progressing towards a professional qualification in Accounting and Finance e.g. CA, ACCA or CIMA.
• At least two years work experience in regulatory reporting department of a bank.
• A sound knowledge of the Group Accounting practice and statutory requirements and all round Banking experience.
• High level experience in working with computerised Accounting/Banking systems.
• Good communication and interpersonal skills.
• Ability to work in a busy and strenuous environment.
• Broad understanding of good banking practice
• An eye for detail and accuracy with a strong analytical capability.
• Advanced level of computer literacy is required.

Role Specific Technical Competencies:

• Regulatory reporting experience
• Excel Skills
• Attention to detail and accuracy of reporting

We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge, and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial, and social wellbeing.
Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
Flexible working options based around home and office locations, with flexible working patterns
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual, and digital learning
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.