3 weeks ago
Job title : LEC – Head of Regulatory Reporting
Job Location : Gauteng, Johannesburg
Deadline : November 09, 2024
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Job Responsibilities:
- Supervise and review the accurate and timely production of all capital and liquidity reporting deliverables for Prudential Authority Returns, JSE, and SAFEX.
- Ensure adherence to regulatory requirements, capital adequacy ratios, and compliance guidelines in both the United States and South Africa, following Basel regulatory capital rules.
- Ensure the department meets all control agenda requirements.
- Stay updated on prudential regulatory requirements and implement changes, including updates to policies, procedures, and relevant returns.
- Prepare and present all prudential regulatory monthly packs and returns, obtaining sign-off from BA099 authorized signatories.
- Ensure accurate and timely production of all internal reports, including liquidity, capital, ALCO, BOCD, and other ad hoc reports.
- Review, streamline, and oversee the automation of manual regulatory reporting processes and reports.
- Monitor and oversee quarterly and annual capital and liquidity stress scenario testing.
- Serve as the primary contact for internal and external audits related to regulatory reporting, ensuring compliance and addressing findings or recommendations.
- Collaborate with internal stakeholders (Finance, Legal, Risk Management) to gather data for accurate reporting and provide insights on regulatory matters.
- Provide leadership to the regulatory reporting team, fostering a positive work environment, setting clear goals, supporting professional development, and overseeing the implementation of a new/enhanced regulatory reporting platform.
Required Qualifications, Capabilities, and Skills:
- Bachelor’s degree in finance, applied mathematics, economics, or a related field.
- Minimum of 5 years of proven experience in regulatory capital management within the banking industry, preferably in a leadership role.
- Over 12 years of general relevant work experience.
- Deep understanding of regulatory frameworks, including Basel III guidelines, Banks Act, Basel III and IV, and JSE rules and regulations.
- Strong knowledge of financial instruments, risk management, and capital adequacy calculations, with a focus on RWA optimization and understanding of derivative flows.
- Effective communication and interpersonal skills for engaging and collaborating with stakeholders across departments, regions, and regulatory bodies.
- Excellent analytical and problem-solving skills for interpreting, analyzing, and communicating complex data and reports to support decision-making.
- Motivation and flexibility to operate independently, reprioritize workload, and meet tight deadlines while maintaining a strong control environment.
- Comfortable working in a fast-moving environment.
- Exposure to international banking.
- Ability to collaborate effectively, partner with colleagues, be open-minded and inclusive, overcome conflict, and share information and provide training within regulatory teams.
How to Apply for this Offer
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