• Officer, Internal Controls and Regulatory Reporting at Standard Bank Group

  • Posted on: 8 August, 2017 Deadline: Not Specified
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  • Standard Bank Group is the largest African banking group by assets offering a full range of banking and related financial services. “Africa is our home, we drive her growth” Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub‑Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC). In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth on this continent we call home. The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative), Moody’s Baa2 (negative) and Standard & Poor’s BBB- (negative). The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign. We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.
     

    Officer, Internal Controls and Regulatory Reporting

     

    Job Purpose

    • To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of financial and management reports.
    • Preparation and timeous submission of regulatory returns in accordance with Central Bank of Kenya and South African Reserve Bank regulations.
    • Preparation and timeous submission of quarterly reports to Nairobi Stock Exchange and the Capital Markets Authority.
    • Facilitate internal/external regulatory audit and CBK inspection process by providing information required.
    • Preparing input on Board papers i.e. disclosures, liquidity and capital adequacy report.
    • Implementing any changes made by the regulatory bodies.
    • Monitoring of the legal lending limit, ensuring that this is not breached.
    • Recording entries in the general ledger.
    • Undertake ad hoc projects in the Bank.

    Key Responsibilities/Accountabilities

    • Preparation and timeous submission of regulatory returns in accordance with Central Bank of Kenya, Nairobi Stock Exchange, Capital Markets Authority and South African Reserve Bank regulations.
    • Monitoring of the legal lending limit, ensuring that this is not breached.
    • Monitoring Capital adequacy and liquidity levels.
    • Maintaining financial strength through high capital ratios, liquid balance sheets, low loan to deposit ratios and diversified income streams
    • Preparation and/or reviewing and timeous reporting of the regulatory monthly results, quarterly, half-year and year-end reporting ensuring that all reporting deadlines are met.
    • Ensuring cohesion and consistency in financial polices across the different Group companies.
    • Undertake the Banks Internal Capital Adequacy Assessment Process
    • Provide inputs for computation of Economic Capital and Stress Testing.
    • Liaison with external auditors, Group Internal Audit, Standard Bank Africa Head Office.
    • Full participation in the balance sheet substantiation process Monitoring Balance sheet movements and ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken.
    • Preparation of Annual Financial Statements.

    Preferred Qualification And Experience

    • Bachelors Degree Commerce, Accounting/Finance option.
    • ACCA/CPA (K)
    • Minimum of 3 years experience in a similar role or equivalent.

    Knowledge/Technical Skills/Expertise

    • In depth understanding of International Financial Reporting Standards and CBK regulatory reporting.
    • Computer literacy and knowledge of personal computers and software packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
    • Good communication and presentation skills at a senior level.
    • In depth understanding of financial services and products and the underlying key performance drivers.

    Method of Application

    Interested and qualified? Go to Standard Bank Group career website on careers.peopleclick.eu.com to apply

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