Manager Regulatory Analytics And Consolidation

2 weeks ago


Johannesburg, Gauteng, South Africa 1001 Absa Bank Full time

Manager Regulatory Analytics and Consolidation page is loaded Manager Regulatory Analytics and Consolidation Apply remote type Hybrid locations Johannesburg time type Full time posted on Posted Yesterday job requisition id R Empowering Africa's tomorrow, story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary
The role is a senior management role in the Regulatory Reporting team.

This team is responsible for ensuring consistency and overall accuracy of returns, queries, commentary and supplementary data, submitted to the Prudential Authority.

Production of the monthly and quarterly analytics pack, which will be presented at the Regulatory Review Committee (RRC) for discussion.

Manage the team that produces the consolidated returns for submission to the Prudential Authority, and reports changes to the Regulatory Reporting Change Control Committee (RRCCC).

Design, develop and implement robust review methodologies, analytical tools and processes to ensure appropriate, consistent and accurate information is provided in a timely manner.

Frequent interaction with the regulatory risk and data production centres (such as Finance, Treasury, Credit Risk and Market Risk), in order to ensure compliance to service level agreements and implement efficient data flows that support the requirements mentioned above in a sustainable way

Job Description Key Accountabilities 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 analysisBanking (Retail, Wealth, Investment Banking, Wholesale Banking, Treasury)

Provide challenge to the technical subject matter experts in the risk and production centresProvide review and sign-off of team deliverablesPerform and present financial analysis; prepare and present commentaryDesign, develop and maintain analytical processes and tools to ensure that it delivers accurate informationInteract with senior leaders in the firm and the Prudential AuthorityEngage with outside key partners (e.g.

auditors) where requiredIdentifying and/or implementing projects by the teams necessary in improving wider risk and return production environmentAccountability:

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 reportingProvide input into regulatory reporting deliverables using business knowledge obtained through analytical processesProvide commentary to assist the Risk and Production centres to continuously evaluating the control framework and to enhance it as appropriateAccountability:
Reporting Production of monthly and quarterly packs to the Prudential Authority. Production of consolidated returns.
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 (RCC) and Regulatory Reporting Change Control Committee (RRCCC)

Implement controls to provide comfort that reporting is accurateResponsible for ensuring that all reporting is delivered on time and is accurateReviewing of reporting and commentary received from Risk and Production areas to ensure that reporting is accurateAccountability:

Project & Staff Management Providing leadership to junior team members in the area of implementing and improving reporting processesEnsure that assigned projects are planned, staffed accordingly and successfully implemented within agreed timelines.

Communicate if risks arise to successful implementation of assigned projects, and finalise and propose alternativesAssist in embedding formal Performance Development and informal coaching in the teamReview training needs of team members and ensuring that team members receive the relevant trainingRole/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 PQERegulatory Reporting experience essentialManagement experience preferableBusiness experience in a banking environment gained from a Finance or ProductKnowledge & Skills Strong problem solving skillsStrong data analytical skillsBanking Product knowledgeStrong technical accounting skillsExperience designing and implementing calculation toolsExceptional interpersonal and team-working skills and the ability to communicate at all levelsThe ability to work in a pressured and unstructured environment and to cope with the demands of working to tight deadlinesCompetencies The position requires a technically minded accountant with a passion for investment banking.

Analysis skills and technical abilityJudgment / decision making – demonstrates logic, rationality and objectivity in decision making whilst balancing speed vs.

thorough approachIntegrity – consistent, earns trust, fights fair, uses the factsTeam player – approachable, establishes collaborative relationshipsOral and written communications - fluency, clarity, precise, well organised communicationsResourcefulness – action oriented, goes "beyond the call of duty" to solve problemsAdaptability – adapts quickly to change and copes well with complexityExperience – designing and implementing project or system solutions 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 Similar Jobs (2) Governance and control – Risk Manager remote type Hybrid locations Johannesburg time type Full time posted on Posted 3 Days Ago External Reporting - Note Owner locations Johannesburg time type Full time posted on Posted 7 Days Ago

We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.

Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around employees.

We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia.

We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

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