Regulatory Reporting Analyst

To perform financial analysis on business data to influence and communicate effectively with stakeholders by adding value to the business's financial management strategy.

Job Responsibilities:

• Gather relevant information from sources and stakeholders to fulfill regulatory requirements; reconcile Balance Sheet and Income statement BA return information obtained to the management accounts; analyze and review information to ensure accuracy and integrity; identify and follow-up on issues relating to regulatory requirements.
• Evaluate opportunities to improve business processes and systems by identifying and recommending effective approaches to operate and add value to the bank.
• Identify and resolve business problems promptly by analyzing data and reports from various sources.
• Provide meaningful recommendations, explanations, and highlight anomalies by analyzing and interrogating financial information.
• Ensure that financial business analysis is conducted in line with the set standards.
• Enhance processes, policies, and procedures by researching, reviewing current documents, and submitting recommendations.
• Ensure understanding and compliance with banking regulations as well as internal policies.
• Manage defined risks in the finance/regulatory function and risk categories at targeted levels by adhering to internal and external guidelines/policies/procedures/business rules/compliance and governance requirements.
• Support the achievement of the business strategy, objectives, and values by reviewing the Business Unit Plan and ensuring delivered systems, processes, services, and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management. Ensure all personal development plan activities are completed within the specified time frame.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.

People Specification:

Essential Qualifications - NQF Level:

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification:

• Qualified Chartered Accountant (CA(SA))
• Bachelor of Commerce: Financial Management
• Financial Risk Management

Type of Exposure:

• Problem solving
• Developing methods to minimize process and reporting risks
• Drafting reports
• Managing conflict situations
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Data analysis
• Writing business proposals
• Conducting needs analysis
• Communicating standards to others
• Answering stakeholder questions
• Preparing and delivering presentations
• Conducting gap analysis between scope and proposals
• Interacting with various levels of management
• Using different approaches in new work situations and/or business proposals
• Identifying trends

Minimum Experience Level:

• 2- 4 years' experience in Banking/Financial services environment

Technical / Professional Knowledge:

• Business Acumen
• Business principles
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Bank policies and procedures
• Principles of financial management
• Research methodology
• Business writing skills
• Microsoft Office
• Banking regulatory knowledge
• IT / Banking knowledge