Manager Regulatory Reporting

2 weeks ago


Sandton, South Africa Absa Bank Limited Full time

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

It is of utmost importance the correct governance, model monitoring and controls are applied throughout the process to ensure the internal metrics, regulatory returns, and market disclosures are accurate and aligning to relating functional areas. This role is pivotal in order to meet Absa Group Regulatory reporting commitments and ongoing regulatory compliance.

Job Description

Key accountabilities

Accountability: Liquidity risk and Funding reporting
- Establish strong working relationships with ARO Treasury and Risk, Treasury Technology Enablement, and Group Regulatory stakeholders.
- As a central point of contract for all ARO Liquidity regulatory related matters
- Prepare other internal reports to monitor, manage and mitigate liquidity risk.
- Prepare and present regulatory dashboards / packs for inclusion in committee meetings for senior management to make effective decisions.
- Prepare and present regulatory packs for rating agencies / Pillar 3 reporting / QIS and other external stakeholders.
- Lead engagement with ARO Treasury and Risk to effect or enhance controls and checks in place to ensure accurate reporting of liquidity risk metrics.
- Support the Regulatory Reporting Models owner in the monitoring or enhancing of existing data and reporting models and ensuring the models comply with Group standards and governance
- Identify risks and mitigating actions for liquidity reporting and review appropriateness of these risks over time.
- Partner with various ARO and Group stakeholders to ensure data quality issues are resolved and controls are put in place to mitigate the risk of inaccurate regulatory reporting.
- Review, challenge and support Entity Treasuries with ILAAP submissions to regulators and support drafting and governance of Group ILAAP requirements related to ARO.
- Oversee the BA610 Liquidity risk reporting across the ARO entities; support related SARB discussions; and ensure alignment with Group FLM requirements

Accountability: Financial modelling / analysis
- Drive and deliver liquidity risk process optimisation initiatives.
- Perform detailed analysis (trend, competitor and forecasts) on key metrics and ratios.
- Collect, interrogate and consolidate information from the countries for monthly and quarterly regulatory reporting at an ARO level and submission for Group consolidation
- Annually review relevant assumptions used in liquidity risk reporting to ensure they are appropriate and captured accurately in the Modelling and Reporting tools.

Accountability: Business context
- Develop an internal network within ARO Treasury and Risk, Technology Enablement and Group Regulatory Reporting.
- Determine and advise the Heads of Funding and Liquidity Management of areas in which changes in Regulations can be used to support business to achieve Board targets and drive implementation in Business
- Work closely with the ARO Finance and ARO FLM teams to ensure alignment between balance sheets, internal metrics and regulatory disclosures
- Develop and expand an understanding of approaches used in the management of liquidity rate risk.
- Stay abreast with industry, macro and regulatory developments in the area of Liquidity to ensure approach remain in line with best practice and Regulation
- Provide support for meetings with auditors, ratings agencies and other parties as required.
- Assist with production of presentations on topics or various audiences as required.

Accountability: Cluster & Country views
- Drive cluster and country level metric analysis to enable better understanding of liquidity risk within the business areas.
- Working with business areas in identifying and managing drivers to optimise liquidity risk metrics.
- Improving processes and streamlining models to generate reports efficiently and accurately.

Accountability: Stakeholder Engagement
- Present regulatory risk results in regulatory reporting review meetings.
- Liaise with regulatory stakeholders and support functions on various projects and ad hoc tasks.
- Collaborate with business and country teams to optimise balance sheet composition and resulting liquidity risk metrics.
- Engage with Internal and External Audit teams during the various audit processes.
- Collaborate with data and finance functions to ensure Audit findings are resolved and liquidity reporting amended to ensure continued compliance with regulatory requirements.

Role/person specification

Preferred Education
- Relevant degree in Maths/Finance/Risk Management
- CA (SA)/CFA/MBA/FRM

Preferred Experience
- Prior Banking experience (Treasury environment preferable)

Knowledge and Skills
- Innovative thinke



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