Head, Regulatory Reporting
Job Summary
Job Description
Strategic/Financial
¨ Develop and implement the mandates of Regulatory Reporting within FABL.
¨ Support effective cost management across functions, and in preparation of commentaries.
¨ Assess and regularly monitor existing FABL regulatory reporting framework to identify potential areas of control weakness or greater efficiency.
¨ Drive for implementation of FABL policies i.e. operational risk, financial control and local compliance requirements for finance processes.
¨ Oversee the process of regulatory audits, assessments and internal/ external audits in relation to regulatory reporting.
¨ Ensure compliance with Financial Control Policy.
¨ Direct Regulatory Reporting working committee and support Head of Compliance & Regulatory Risk to report issues to Regulatory Reporting Governance Committee where applicable.
¨ Coordinate with regulators to identify new reporting requirements and establish to what extent the Bank’s existing MIS meets the regulators requirements.
Customer
¨ Partner with key stakeholders in reporting system automation process.
¨ Participate in periodic meetings of EXCO, Disciplinary committee, etc
Operations
¨ Align effectiveness of Ghana regulatory reporting Manual in line with current FABL structure.
¨ Review control gaps on regulatory reporting procedure and initiate corrective measure plans.
¨ Ensure and provide support in compliance of regulatory reporting requirements.
¨ Provide statistical surveys reporting to individual departments
contribute and review month end closure. leading to submission of monthly management and quarterly IFRS pack reporting.
¨ Manage and maintain Regulatory Reporting Inventory System and ad hoc reporting system in alignment with dynamic reporting requirements, i.e. periodically review integrity of data.
¨ Provide support for accounting guide on new products including existing product renewals in accordance with FABL Accounting policies and regulatory reporting/ implication.
¨ Prepare periodic management reports detailing performance of unit
People
¨ Supervise activities of unit members and provide coaching, mentoring and training as appropriate.
Monitor/manage performance of subordinates against pre-assigned goals and conduct performance appraisals as required
Reports | |
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Key Performance Indicators | Competencies Required |
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¨ Effective Tax rate ¨ Tax penalties ¨ Regulatory ratio monitoring (capital adequacy, etc) ¨ Regulatory reporting events ¨ People management responsibilities | Organisational Competencies¨ Professional Attributes ¨ Business Knowledge ¨ Personal Attributes ¨ Leadership Skills
Functional Competencies ¨ FABL Financial Policies ¨ Financial Analysis/ Interpretation ¨ Management Accounting ¨ Budgeting & Forecasting ¨ Fixed Assets / Capital Accounting ¨ Reconciliations |
Job Specifications | |
Qualifications & Certifications ¨ A University degree in Accounting/Finance or other related disciplines. ¨ Post-graduate or professional qualification is an advantage.
| Working Experience ¨ Minimum of 7 years working experience with at least 2 years in supervisory level, within the Banking industry. |
