Regulatory Specialist

1 week ago


Johannesburg, South Africa Letsema Consulting Full time

To produce and supply regulatory reporting and capital adequacy for the bank and the Group to SARB and stakeholders (internal & external); the role may also require the management of a team.

**Responsibilities**:

- Manage, monitor, review analyse and interpretation of information to produce various regulatory and external reporting requirements.
- Prepare, review, analyse and optimise Capital Adequacy and related disclosures.
- Prepare and review Intergroup exposures schedules for incorporation into the various returns as well as various management committees.
- Manage, monitor, consolidate, review and analyse information to produce the Risk and Balance Sheet Management disclosure for the financial results disclosure.
- Ensure compliance with Bank’s Act and Regulations relating to Bank’s Act.
- Perform various reconciliations to the financial accounts and disclosures.
- Analyse and review overall information reported to ensure accuracy and integrity.
- Understand Bank’s products and impact of new products on the regulatory environment.
- Gathering relevant information from internal stakeholders.
- Manage colleagues and client's expectations by appropriate and effective communication.
- Liaise with Clusters on how current and proposed new Regulatory changes impact on their business.
- Identify and follow up on external audit issues relating to regulatory requirements with the business.
- Ensure corrective actions are being implemented and compliance maintained.
- Establish and maintain mutually beneficial relationships with all stakeholders.
- Ensure on-going training and sharing of knowledge with staff and clusters.
- Liaise with external stakeholders to answer queries and provide information where necessary.
- Ensure sign off all reconciliations, regulatory reporting and financial disclosure from Clusters and Group
- Analyse information and investigate deviations from trends and implement corrective action.
- Continually assess and investigate innovative ways to streamline and automate all processes.
- Continuously monitor existing controls measured against desired results to identify needs and opportunities for enhancements.
- Ensure alignment to SARB, Bank's Act, Regulations and Basel reporting requirements.
- Facilitate internal audit reviews and external audits.
- Ensure accurate, relevant, and reliable output to stakeholders.
- Understand all changes to regulatory reporting requirements.
- Ensure that quality and productivity standards are consistently and accurately maintained.
- Inform relevant parties of the reporting timelines and deadlines, solicit appropriate feedback, renegotiate where appropriate as means of resolution and escalate non-compliance where necessary.
- Stay abreast in field of expertise and deliver on the expectations from stakeholders.

**Preferred Qualification**:

- BCom Hons / CA (SA),

**Essential Certifications**:

- Chartered Accountant (SA), Chartered Financial Analyst

**Minimum Experience Level**:

- 6 - 8 years’ experience in a similar role

**Technical / Professional Knowledge**:

- Pillar II and Pillar III requirements as defined within the Regulations
- Strategic planning
- Performance management
- Business administration and management
- Operations planning
- Employee training/development
- Relevant regulatory knowledge
- Principles of project management
- Change Management
- Service level agreements

Ability to Commute:

- Johannesburg, Gauteng (required)

Ability to Relocate:

- Johannesburg, Gauteng: Relocate before starting work (required)



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