Manager Regulatory Reporting

Manager Regulatory Reporting Apply remote type: Hybrid
Location: Sandton
Time type: Full time
Posted on: Posted 2 Days Ago
Time left to apply: End Date: November 10, 2024 (6 days left to apply)
Job Requisition ID: R-15969025
Empowering Africa's tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary The purpose of this role is to provide subject-matter expertise, analytical and management reporting oversight and support relating to the Liquidity and Interest Rate Risk Regulatory reporting to the Absa Regional Operations (ARO) and Absa Group. This entails ensuring ARO entity level reporting and consolidation into Group is complete and accurate, and carried out in full compliance with Regulatory requirements and internal Absa Group policies and standards.
It is of utmost importance the correct governance, model monitoring and controls are applied throughout the process to ensure the internal metrics, regulatory returns, and market disclosures are accurate and aligning to relating functional areas. This role is pivotal in order to meet Absa Group Regulatory reporting commitments and ongoing regulatory compliance.
Job Description Key accountabilities Accountability: Liquidity risk and Funding reporting Establish strong working relationships with ARO Treasury and Risk, Treasury Technology Enablement, and Group Regulatory stakeholders.Provide subject-matter expertise support and management reporting oversight to the ARO Treasury and Risk and Data Modelling teams to ensure the accurate completion of the Liquidity and Interest Rate Risk Regulatory reporting and analytical packs.Act as a central point of contact for all ARO Liquidity and IRRBB regulatory related matters.Prepare other internal reports to monitor, manage and mitigate liquidity and interest rate risk.Prepare and present regulatory dashboards / packs for inclusion in committee meetings for senior management to make effective decisions.Prepare and present regulatory packs for rating agencies / Pillar 3 reporting / QIS and other external stakeholders.Lead engagement with ARO Treasury and Risk to effect or enhance controls and checks in place to ensure accurate reporting of liquidity and interest rate risk metrics.Support the Regulatory Reporting Models owner in monitoring or enhancing existing data and reporting models and ensuring the models comply with Group standards and governance.Identify risks and mitigating actions for liquidity reporting and review appropriateness of these risks over time.Partner with various ARO and Group stakeholders to ensure data quality issues are resolved and controls are put in place to mitigate the risk of inaccurate regulatory reporting. Accountability: Financial modelling / analysis Drive and deliver liquidity and interest rate risk process optimisation initiatives.Perform detailed analysis (trend, competitor and forecasts) on key metrics and ratios.Collect, interrogate and consolidate information from the countries for monthly and quarterly regulatory reporting at an ARO level and submission for Group consolidation.Annually review relevant assumptions used in liquidity and interest rate risk reporting to ensure they are appropriate and captured accurately in the Modelling and Reporting tools. Accountability: Business context Develop an internal network within ARO Treasury and Risk, Technology Enablement and Group Regulatory Reporting.Determine and advise the Heads of Funding and Liquidity Management and IRRBB of areas in which changes in Regulations can be used to support business to achieve Board targets and drive implementation in Business.Work closely with the ARO Finance, ARO FLM and ARO IRRBB teams to ensure alignment between balance sheets, internal metrics and regulatory disclosures.Develop and expand an understanding of approaches used in the management of liquidity and interest rate risk.Stay abreast with industry, macro and regulatory developments in the area of Liquidity and IRRBB to ensure approach remains in line with best practice and Regulation.Provide support for meetings with auditors, ratings agencies and other parties as required.Assist with production of presentations on topics for various audiences as required. Accountability: Cluster & Country views Drive cluster and country level metric analysis to enable better understanding of liquidity and interest rate risk within the business areas.Work with business areas in identifying and managing drivers to optimise liquidity and interest rate risk metrics.Improve processes and streamline models to generate reports efficiently and accurately. Accountability: Stakeholder Engagement Present regulatory risk results in regulatory reporting review meetings.Liaise with regulatory stakeholders and support functions on various projects and ad hoc tasks.Collaborate with business and country teams to optimise balance sheet composition and resulting liquidity and interest rate risk metrics.Engage with Internal and External Audit teams during the various audit processes.Collaborate with data and finance functions to ensure Audit findings are resolved and liquidity and interest rate risk reporting amended to ensure continued compliance with regulatory requirements. Role/person specification Preferred Education Relevant degree in Maths/Finance/Risk ManagementCA (SA)/CFA/MBA/FRM Preferred Experience Prior Banking experience (Treasury environment preferable)The role requires the suitable candidate to be skilled in data analysis and manipulation. Knowledge and Skills Innovative thinker/problem solverBroad understanding of bankingAbility to work well under pressureUnderstanding of financial markets and regulationsProficient in Microsoft OfficeExposure to QlikView and Advanced Excel formulasPrior experience in Project related deliverables Education Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised. About Us Truly African We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41,000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

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