Regulatory Reporting Specialist

Job Description

Hello Future Regulatory Reporting Specialist (Correspondent Banking)

RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

The Regulatory Reporting Specialist is responsible for ensuring compliance with regulatory obligations by managing the renewal of KYC records for Foreign Correspondent Banks, including related regulatory obligations.

This role involves coordinating with internal teams, evaluating complex documents for regulatory adherence, and managing time-sensitive deadlines.

Are you someone who can:

- Manages timeous and accurate completion of the KYC renewal process due diligence questionnaires.
- Partners with all key stakeholders across the value chain to obtain and submit all necessary supporting evidence to fulfil KYC due diligence requirements.
- Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution.
- Establish and maintain key relationships with relevant stakeholders and departments across the Group, that support achieving reporting obligations.
- Ensure compliance to legislative and audit requirements, as well as adherence to relevant processes.
- Track and manage non-compliance findings to finality.
- Actively participate in the execution and implementation of relevant enablement projects, initiatives, and remedial activities.
- Drive and adhere to quality reporting to meet stakeholders' requirements.
- Facilitate timeous engagements with correspondent banks to manage reviews and validation of regulatory including group/company information.
- Stays up to date of any changes to processes and procedures, regulatory change and ensure impacts are communicated to our business partners.
- Identifies and executes process improvements, provide guidance and support on key processes and technology initiatives. Recommend and positively influence changes to ensure compliance and optimisation of organisational processes.
- Collate and consolidate reporting stats and other governance reports required for reporting of monthly key risk indicators for submission to Operational Risk.
- Collate and update key Client Desirability inputs for quarterly SARB submission.
- Ensure reputational risks related to reporting and/or customer are identified, and appropriate measures are implemented to mitigate risks.
- Maintain a repository of regulatory responses provided.
- Ensure timeous annual and/or adhoc update of 3rd party databases i.e., Bankers Almanac and KYC Swift Registry
- Ensure licensing and regulatory compliance is in place i.e., US Patriot Act and Wolfsberg Questionnaire.
- Assist with Due Diligence compliance calls and presentations.
- Facilitate the process of ensuring post transactional enquiries are addressed and the process for investigations of blocked payments in respect of Correspondent Banking transactions.
- Deliver targeted training on Correspondent Banking operational processes emanating from regulatory / policy changes that relate to Correspondent Banking.
- Ensure oversight and governance of all outgoing due diligence questionnaires.
- Maintaining a MI dashboard of all questionnaires received and submitted
- Have completed a Bachelor’s Degree in Finance or a Commerce, Risk or Compliance Management with a ACAMS certification
- Have 3 to 5 years’ experience in financial services in an environment that handled correspondent banking is essential.
- Have 3 to 5 years’ experience in Financial Crime, KYC/Compliance/AML standards
- Have resilient interpersonal skills, ability to partner with internal stakeholders, influencing and negotiating effectively with business partners and senior managers, including external stakeholders.
- Proactive and flexible approach to personal workload and wider team targets
- An understanding of Banking Products, Processes, Systems and Data
- Effective at managing time appropriately and organising workload for maximum productivity.
- Self-starter with strong written and verbal communication skills.

You will have access to:

- Opportunities to collaborate and create innovative solutions for our clients
- Work in a dynamic team and get hone your Investment Banking knowledge and skills

We can be a match if you are:

- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
- Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it

POST

RMB

LI-KI1

Job Details

16/07/25