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Job Description

ROLE OVERVIEW

Preparation and/or review of the accurate submission of regulatory information used to populate regulatory returns for the Bank to the Prudential Authority (PA).

Interact with the PA as well as external auditors on regulatory treatment and analysis of information presented in the full suite of applicable regulatory returns.

The role require a good knowledge of Basel, data analysis and systems that support the accurate and completeness of regulatory reporting.

The role involves supporting the business in terms of capital and liquidity management and how this informs decisioning from a business performance.

KEY DELIVERABLES

Prepare and submit regulatory returns/information

Agree and implement processes to manage and oversee the gathering of information for the compilation and preparation of relevant returns to the SARB.Coordinate resources across the business to ensure that deadlines are met in respect of data submissions to the SARB.Prepare the monthly management information and analysis packs on the BA returns, drive the quality and accuracy and ensure the delivery for internal review.Ensure timeous submission of the returns in terms of the regulations relating to banks and the submission of other regulatory information requested by the SARB, for example supplementary documentation and ad-hoc queries.Analyse and review the regulatory returns / information to ensure the returns are complete, accurate and valid.Provide commentary on variance analysis on returns / information. Produce monthly review packs/information for internal review as well as for executive reporting purposes and ad hoc requests.Analyse the different returns to ensure that data is consistent across the returns.Ensure continuous enhancement of the management information produced by the team.

Balance Sheet Management: Capital Management

Work in close collaboration with Treasury, Finance Business Partner as well as Financial Reporting teams. Ensure accurate forecasting of capital requirements.Identify opportunities to increase profits and / or reduce risk weighted-assets by influencing investment decisions / structures.Ensure accurate forecasting of all prudential ratios.Co-ordinate and project manage the various inputs required from other departments for the completion of the ICAAP.Perform stress-testing for the ICAAP.Obtain necessary sign-offs from Exco, Alco and RCMC during the process prior to submission to the Prudential Authority.

Maintain and / or enhance processes and projects

Identify and drive implementation of new technology to support a sustainable and effective process to ensure the required quality and accuracy of the regulatory returns.Ensure enhancements to current processes to achieve timely and accurate preparation of regulatory returns.Oversee and manage the population of review packs and templates for internal reporting purposes to support continuous enhancement of the management information produced by the team and liaising with the relevant stakeholders.Ensure awareness of the changing regulatory landscape and its impact on the bank. Communicate the impact of the changes, and engage with relevant stakeholders to prepare for the change, thereafter review and sign-off on any regulatory changes.
 

Stakeholder Management

Co-ordinate the communication between the Bank and the SARB as it relates to the completion and / or review of regulatory returns.Interact with all the different return owners, i.e. Areas in Finance, Treasury, Legal, and Compliance to drive alignment between the organisation and adherence to the regulations.Engage with internal and external audit where required from a regulatory audit perspective or reviews by Internal Audit.

QUALIFICATIONS

·       B Comm Accounting/Financial/Risk

·       Minimum of 7 to 9 years’ experience in Regulatory Reporting at a Bank

·       Experience in managing teams

·       Strong knowledge of Basel and new regulatory developments, Banks Act and Regulations and standard requirements regarding regulatory reporting.

·       High level of professional maturity

·       Good knowledge of regulatory key risk:

·       Exceptional interpersonal and team working ability.

·       The ability to work in a pressured and unstructured / structured environment and to cope with the demands of working to tight deadlines.

·       Strong report writing and presentation skills.

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit.

Provide specialised Regulatory Reporting administration services in order to ensure effective, efficient and accurate Regulatory Reporting operations.

ResponsibilitiesRecommendations

Advise others on how to design new processes and systems that meet professional standards.

Financial Policies, Guidelines, and Protocols

Create a plan to deliver and review financial policies, guidelines, and protocols to ensure the company complies with regulations and good financial practice.

Data Collection and Analysis

Conduct research using primary data sources, and select information needed for the analysis of key themes and trends.

Insights and Reporting

Prepare and coordinate the completion of various data and analytics reports.

Operational Compliance

Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. Or identify, within the team, patterns of noncompliance with the organization's policies and procedures and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Audit Compliance

Manage a portfolio of audit assignments. Ensure that the team plans and delivers audits that cover identified risk areas, and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Document Preparation

Write and edit material for various target populations, tailoring the tone and content to match the needs and expectations of each audience.

Data Management

Manage basic aspects of the data management system with guidance from senior colleagues. This includes being responsible for developing or operating basic elements of the data management systems to deliver prescribed outcomes.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an in-depth understanding of technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Financial Reporting

Lead and deliver specific elements of financial reporting following internal and external regulations.

Skills

Accounting, Action Planning, Auditing Operations, Budget Management, Computer Literacy, Database Reporting, Data Compilation, Data Controls, Document Management, Evaluating Information, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Business Insight

Communicates Effectively

Courage

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

30 January 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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