Aro- Credit Risk Regulatory Reporting Manager
4 months ago
Empowering Africa’s tomorrow, together one 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
An exciting opportunity exists in the Absa Group Credit Risk function, specifically within the Credit Risk Regulatory Reporting (ARO) team. The main focus of this position is to ensure the consistency and overall accuracy of all credit risk related reporting, information, queries, commentary, and supplementary data, submitted to the Prudential Authority (PA) timeously. The role is critical for overall compliance with the Banks Act and the Regulations.
Job Description
Accountability: Risk Performance Management
- Ensuring the end-to-end integrity of the Credit RWA results including processes and procedures.
- Deliver high quality timeous value adding reports through automated solutions ensuring RDARR compliant credit reporting with the articulation of limitations as required.
- Provide oversight and supervision to the Reporting function, ensuring that activities of the department are consistent and in compliance with policy, governance and regulations.
- Provide insight on performance and results made available by the function.
- Manage the aggregation, consolidation and reporting of results, to ensure it meets the needs of all key stakeholders (Exco, Board Members, Divisional Heads etc.) where deemed appropriate.
- Oversee and/or provide input into all credit related reporting to Executives, Group Credit Risk Committee and External Stakeholders as and when required.
- Ensure that the quality and narrative in credit reports are of a high standard with data accuracy and meaningful interpretation of paramount importance.
- Develop measures to monitor, analyze and aggregate risk performance across products making it possible to pinpoint unexpected trends proactively.
- Automate monthly, daily and repetitive reporting in an efficient manner ensuring accuracy and completeness.
- Engage with and build strong working relationships with CROs and their teams across ARO.
- Drive continuous process efficiency, rigor and controls. Pioneer and implement risk best practices, digital solutions and effective change enablement. Contribute to building a scalable, digitally-led business.
- Take the lead on change management on all regulations prescribed by Bank Acts and Directives related to Credit RWA.
- Ensure compliance and embedment of Basel guidelines as per PA requirements.
- Assisting with the direction of the ARO Reg. Reporting Team in respect of Prudential Credit Risk.
- Define Credit RWA data requirements to support ARO Credit RWA Reporting execution processes.
- Support the enhancement and design of ARO Credit Reg. Reporting Team execution processes, including calculation engines.
- Oversight and review responsibility for the monthly BA610 Section E returns, Large Exposure Reporting, and bi-annually BA200 and BA210.
- Bi-annual Pillar 3 disclosures oversight, preparation and review.
- Ensure internal audit trail of the regulatory reporting functions is following local regulatory procedures, standards and policies.
- Develop and support analytics around Data Quality and process efficiency.
- Develop metrics to drive process improvements, process enhancements and enhanced controls.
- Drive, facilitate and track capital optimization initiatives.
- End-to-end regulatory capital process optimization and results accuracy.
- Enforce routine of periodic self-assessments on key controls to assess the proper functioning and adequacy of existing controls.
- Contribute to a stringent controls environment and policy implementation.
- Attend relevant meetings to provide feedback of ARO Credit RWA results.
- Acting as a primary point of engagement on specific regulatory return / process audits (both internal and external) related to ARO Credit Risk.
- Advise senior management and promote understanding of credit risk and counterpart credit risk relating to SARB regulations.
- To provide guidance and advise both internal and external auditors on Credit Risk regulatory issues.
- Regulatory change management, presentations and tracking.
- Acting as the primary contact for the annual reg. 46 audit, including the tracking, management and closure of audit findings with Group Finance.
- Maintaining a working relationship with Group Finance, including the monthly / quarterly review of Credit RWA numbers prior to PA submission.
- Develop internal team capability together with the leadership team of the function with a focus on regulatory expertise, talent management, development, resourcing and retention.
- Motivate team members through coaching and mentoring them to perform optimally around the vision and values, create a sense of urgency and excitement around the business and ensure th
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