Local Regulatory Reporting Head

6 months ago

Sandton, South Africa Citi Full time

**Job Purpose**:
The role is responsible for managing the Local Regulatory reporting team and their reporting responsibilities that includes the oversight, analysis and submission of all regulatory returns to the Prudential Authority (PA) and the Johannesburg Stock Exchange (JSE) while providing support to the US consolidation process.

The purpose of the role is to manage and oversee the process regarding ensuring that regulatory returns submitted to key regulators of Citi SA are accurate and of high quality, analytical insights on these returns are available to management for the purpose of decision making, that strong controls are applied and implemented during the process, opportunities for process improvements are identified and implemented along the way and timely implementation of new directives and new regulations.

The Regulatory Reporting Head is also responsible for managing the local ICAAP process and submission while being the key Finance liaison to the Prudential Authority with regards to questions and queries on the regulatory returns.

The Regulatory Reporting Head is also responsible for providing support to the CFO and Country Controller to protect the Franchise and to ensure Citi is appropriately managing regulatory related risks as it affects the business activities in the country.

The role is based within the South African Finance team, led by the South Africa CFO and Country Controller, the roles reports directly through to the Country Controller. The Role heads the Regulatory reporting team, a sub team of the wider Finance team.

In parallel with Citigroup’s extensive preparations for compliance with Basel requirements in the US, Citibank NA South Africa branch (“the branch”) reports reports on a daily, Monthly, Quarterly, Semi-annually as well as on annual basis to the Prudential Authority (PA). In addition, Citigroup Global Markets Ltd (‘CGMSA’) performs daily and monthly Capital Adequacy (CapAd) reporting to the Johannesburg Stock Exchange (‘JSE’). The importance of Regulatory Reporting and the relationship with the branch’s host regulators is a paramount function within South Africa Finance and for the entire branch activities and entails providing adequate support and insight to management and various business functions on both regulatory and financial aspects.

Key Responsibilities:
The role of Head of Regulatory Reporting is placed within South African Finance department reporting into the CFO and Country Controller. The overall objective of this role is to ensure accurate and timely submissions of regulatory and internal reports in accordance with local regulatory guidelines while adhering to policies and control framework. Responsibilities include:

- Managing the SA Regulatory Reporting team
- BA returns submitted by Citibank NA SA include:

- Form BA100 - Balance sheet;
- Form BA110 - Off Balance sheet;
- Form BA120 - Income statement;
- Form BA130 - Restriction on investments, loans and advances;
- Form BA200 series - Credit Risk (Standardised Approaches);
- Form BA300 - Liquidity Risk including LCR and NSFR;
- Form BA310 - Minimum Reserve balance and liquid assets;
- Form BA320 - Measurement of Market Risk (Value at Risk Internal Model);
- Form BA325 - Daily Return a selection of risk exposures arising from Trading activities;
- Form BA330 - Interest Rate Risk in the Banking;
- Form BA340 - Equity Risk in the banking book;
- Form BA400 - Operational Risk (Standardised Approaches);
- Form BA410 - Operational Risk Loss Events;
- Form BA700 - Capital Adequacy;
- Form 900, 920, 930, 940 series to the SARB Economic Department
- Regulatory returns submitted by Citigroup Global Markets (CGM) SA include:

- Daily Capital Adequacy (CapAd)
- Monthly Capital Adequacy
- Manage and support the accurate analysis, submission and filing of reports to various constituencies (including local regulators, etc.) based on requirements such as IFRS and local statutory reporting rules
- Overseeing and monitoring the production process of regulatory returns by Citi Service Centre (CSC)
- Have a sound understanding of the financial statements and the accounting standards and their impact on various reporting aspects within Finance.
- Provide analysis and responses to all issues relating to SARB and JSE queries on an on-going basis;
- Proactively deal with the requirements of the regulators and effectively communicate and engage with the regulators;
- Review, interpret and implement SARB and JSE regulations as required by the local regulator;
- Application of strong internal controls, with a focus on continually strengthening the control environment;
- Identifying areas where process improvements can be made to achieve efficiencies and a strong control environment;
- Support the improvement of data quality as it pertains to financial and regulatory reporting;
- On an annual basis, oversee and support the external regulatory audit;
- Manage the internal capital adequacy assessment p

  • Manager Regulatory Reporting

    2 months 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...

  • Aro- Credit Risk Regulatory Reporting Manager

    3 months 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 An...

  • Regulatory Reporting Analyst

    6 months ago

    Sandton, South Africa Ovations Technologies (Pty) Ltd Full time

    Exciting opportunity to gain exposure at a leading bank. This is a contract remote role for a Regulatory Reporting Analyst at one of SA's big banks. The Regulatory Reporting Analyst will be responsible for day-to-day tasks which include analyzing financial data, creating reports, and providing insights for regulatory reporting requirements. The Regulatory...

  • Credit Risk Regulatory Reporting Analyst

    6 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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 To...

  • Senior Regulatory Relations and Compliance

    1 month 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...

  • Head: Credit Data and Regulatory Control: Credit

    3 months 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 To...

  • Head Governance

    7 months 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 To...

  • Regulatory Specialist Aro

    3 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 To...

  • Senior Specialist Credit Risk Regulatory Reporting

    7 months 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 An...

  • Regulatory Affairs Specialist

    7 months ago

    Sandton, South Africa BD Full time

    **Job Description Summary**: We have an exciting opportunity in Johannesburg for a Regulatory Affairs Specialist. This will be a hybrid based role and you will be responsible to develop, maintain and execute the Southern Africa regulatory operational plans. **We are the makers of possible**: BD is one of the largest global medical technology companies in...

  • Regulatory Affairs Specialist

    8 months ago

    Sandton, South Africa BD Philippines Full time

    **Be part of something bigger at BD.** Here, you’ll help us maintain our high standards from a regulatory perspective at all levels, with a keen focus on submissions. It requires acute attention to detail, excellent communication skills and a passion to keep learning and updating your knowledge, which we’ll help you do with regular learning...

  • Head: Retail Banking, Aro Rbb

    4 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...

  • Regulatory Business Manager

    3 months 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...

  • Head of Operations

    3 months ago

    Sandton, South Africa Initiate International Full time

    The Head of Operations is the driving force behind our client’s business’s daily operations, orchestrating the flawless delivery of exceptional products and services. You will conduct a symphony of efficiency within their platform, harmonizing customer satisfaction with ambitious business objectives. Behind the scenes, you masterfully navigate...

  • Regional Head of Compliance, West Africa

    3 months 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...

  • Finance Reporting Leader for Citibank South Africa

    1 month ago

    Sandton, South Africa 11113 Citibank, N.A. South Africa Full time

    Job Overview:Citi is a leading global bank with a presence in over 160 countries. As a Finance Reporting Leader for Citibank South Africa, you will play a key role in ensuring the accuracy and timeliness of regulatory and internal reports.About the Role:This position requires a highly motivated individual with a strong background in financial and regulatory...

  • Head of Legal: Absa Vehicle and Asset Finance

    6 months ago

    Sandton, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - 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 This...

  • Head: Cib Regulatory Capital Model Development

    4 months 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...

  • Head of Gaming Operations

    3 months ago

    Sandton, South Africa Initiate International Full time

    Our client seeks a Head of Gaming Operations in Johannesburg to play a pivotal role in shaping, driving, and delivering exceptional gaming operational excellence. This position involves managing daily activities within a casino or gaming establishment and working closely with the Executive Committee to ensure seamless integration across multi-functional...

  • Head: Fraud Governance, Risk

    6 months 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 As...