Regulatory Reporting Manager

Business Unit: Discovery Bank

Function: Banking

Date: 10 Nov 2025

About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-drive people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within us society.

About Discovery Bank

Discovery Bank is a bank like no other – a shared-value bank, designed with our clients in mind. We're all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, inform them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you're adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing quality service experience, we have a job for you where you can be your

best in an environment that's safe and nurturing.

Job Purpose

Reporting to the Head of Capital & Commercial Management, the Head of Regulatory Reporting is responsible for leading all regulatory reporting activities to the Prudential Authority (PA) and the South African Reserve Bank (SARB), in accordance with the Banks Act and related regulations.

This role leads strategic regulatory initiatives and ensures full compliance with Basel frameworks. It involves close collaboration with risk owners to provide regulatory expertise and guidance, enabling informed strategic decisions within the applicable regulatory frameworks. Building and maintaining strong relationships with the Prudential Authority and other industry stakeholders is essential for success in this role.

Key Responsibilities

• Lead the preparation and submission of statutory returns in terms of the Banks Act.
• Ensure accuracy and alignment of regulatory reports with financial statements and PA directives.
• Maintain compliance with all relevant legislation, circulars, directives, and guidance notes.
• Develop, enhance, and implement policies and procedures for regulatory reporting.
• Collaborate with IT and Data teams to ensure automated, seamless reporting processes and robust data lineage.
• Create and review monthly regulatory information packs, including variance and graph analysis, BA returns, and BA 099.
• Lead ad hoc regulatory projects driven by changes in the regulatory environment or business operations.
• Foster strong relationships with the PA, external auditors, and internal stakeholders including IT, Credit, Treasury, Risk, Legal, Compliance, and Internal Audit.
• Represent Discovery Bank at BASA meetings and stay informed of industry developments.
• Provide internal training and support to executive management and relevant teams.

Qualifications and Experience

• CA (SA) or equivalent accounting/finance degree.
• Minimum of 5 years' experience in banking, with a focus on regulatory reporting.
• Strong IT acumen, including knowledge of reporting systems, data transformation, data lineage, and advanced Excel skills.
• Experience with SAP and regulatory reporting software is advantageous.
• In-depth understanding of Basel frameworks and South African banking regulations.

Skills and Attributes

• Comprehensive knowledge of banking risk, governance frameworks, and regulatory regimes.
• Exceptional attention to detail and accuracy.
• Strong analytical, problem-solving, and research capabilities.
• Excellent ability to interpret and translate complex technical regulations.
• Strategic mindset with the ability to balance detailed analysis and high-level oversight.
• Sound communication and negotiation skills across all levels.
• Proficiency with IT systems and data automation.
• Ability to perform under pressure and meet strict deadlines.
• Innovative, client-centric, and committed to excellence.
• Self-starter with a passion for continuous learning and development.

EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we activelyencourage and welcome people with various disabilities to apply.