Manager Regulatory Analytics and Consolidation

7 months ago


Johannesburg, 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

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
- Regulatory Reporting including new developments and impact analysis
- Banking (Retail, Wealth, Investment Banking, Wholesale Banking, Treasury)
- Provide review and sign-off of team deliverables
- Perform and present financial analysis; prepare and present commentary
- Design, develop and maintain analytical processes and tools to ensure that it delivers accurate information
- Interact with senior leaders in the firm and the Prudential Authority
- Engage with outside key partners (e.g. auditors) where required
- Identifying and⁄or implementing projects by the teams necessary in improving wider risk and return production environment

Accountability: 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 reporting
- Provide input into regulatory reporting deliverables using business knowledge obtained through analytical processes
- Provide commentary to assist the Risk and Production centres to continuously evaluating the control framework and to enhance it as appropriate

Accountability: 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 accurate
- Responsible for ensuring that all reporting is delivered on time and is accurate
- Reviewing of reporting and commentary received from Risk and Production areas to ensure that reporting is accurate

Accountability: Project & Staff Management
- Providing leadership to junior team members in the area of implementing and improving reporting processes
- Ensure 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 alternatives
- Assist in embedding formal Performance Development and informal coaching in the team
- Review training needs of team members and ensuring that team members receive the relevant training

Role/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 PQE
- Regulatory Reporting experience essential
- Management experience preferable
- Business experience in a banking environment gained from a Finance or Product

Knowledge & Skills
- Strong problem solving skills
- Strong data analytical skills
- Banking Product knowledge
- Strong technical accounting skills
- Experience designing and implementing calculation tools
- Exceptional interpersonal and team-working skills and the ability to communicate at all levels
- The ability to work in a pressured and unstructured environment and to cope with the dema



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