Local Regulatory Reporting Head

**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