Standard Bank Manager, Regulatory Data Management Jobs in South Africa

Standard Bank Manager, Regulatory Data Management Jobs in South Africa


Job Details

  • Standard Bank is the largest bank in Africa and our highly visible brand, award-winning service, and strong global presence helps us maintain our market-leading position. We place huge value on the talent of our people to drive our continued success, and to support our plans for growth. We now need a talented and resourceful individual to help us fulfill our business objectives and build customer loyalty.

    Job Purpose

  • To ensure that the bank is able to accurately categorise customers based on their risk rating in line with the Actimize regulatory suite of products in order to inform the overall risk distribution base for PBB SA (including any business entity onboarding customers through Customer 1st).

  • To maintain the accuracy and integrity of the customer risk assessment model across the PBB SA data value chain in order to guide the team and shape regulatory data remediation initiatives as well as drive accurate risk information.

  • To design and develop quality assurance and regulatory monitoring solutions to facilitate a self-monitoring capability within the AML compliance environment.

    Key Responsibilities/Accountabilities

    AML risk requirements

  • Guides external vendors, Compliance IT and EIW on the appropriate software and data required to support and deliver on the banks AML risk requirements and the supporting model.

  • Ensures that the programming parameters in support of the AML objectives are catered for in the data flow and software interfaces.

  • Oversees the general functioning and accuracy of the AML risk model and institutes timeous remediation to prevent and mitigate any potential risk reporting inaccuracies.

  • Acts as interface between business, Group IT Compliance and Group AML in order to ensure that business requirements are catered for.

  • Provides input into realistic benchmarks that informs the upper and lower control limits of the reporting parameters in order to ensure accurate reporting of risk categories and volumes for new and existing customers.

    Improve and enhance business insights capability

  • Obtains data directly from source systems and/or data warehouse to monitor adherence to regulatory requirements (e.g., EDD, PEP, Sanctions, Client Risk Assessment (CRA), Quality Assurance, KYC Waterfall, training, Cash Threshold Reporting (CTR), FATCA, etc.)

  • Develops reports, models and/or measurement solutions that will provide insights into trend and behavior patterns for business to make decisions and to improve the overall quality of regulatory monitoring and reporting.

  • Regularly reviews the portfolio of reports, dashboards and decision support tools and identifies areas for improvement.

  • Develops tactical data solutions in the form of application prototyping and data simulation to support immediate business and regulatory reporting requirements in the absence of longer term solutions.

  • Validates data against business requirements to ensure that regulatory requirements will be met.

  • Identifies errors or discrepancies in reporting and data to ensure accurate end reporting. Facilitates the process of
    identifying and correcting the cause of the discrepancy and where appropriate proactively identifies and manages constraints.

  • Compiles recommendations based on data findings indicating potential areas of improvement (e.g., updates to business rules).

    Data management

  • Consults with the Data Stewards to ensure adherence to regulatory data standards / governance framework.

  • Ensures data constructs and monitoring models are updated regularly to ensure reporting quality and effectiveness.

  • Investigates potential to automate regulatory data provisioning tasks for the typical standardised reports (the regulators require standardised reports).

  • Develops governance processes associated with the regulatory data provisioning and use of data for regulatory report preparation that satisfy regulatory reporting requirements (e.g., documents reasons for material changes in reporting processes and documents changes with relevant internal entities to drive the outputs required).

  • Understands the bank’s systems to identify the appropriate data sources for regulatory reporting.

  • Reviews requests from business, RBB Risk and Group entities and performs impact assessments and advises on possible changes.

  • Promotes the use of reports, analytics, trend analyses and insights through identifying and involving all relevant stakeholders.

    New regulatory developments

  • Participates in various working groups and labs to gauge and understand potential impact on the banks systems, procedures and processes and develops appropriate models to monitor and detect risks and provides direction for the monitoring team.

  • Keeps abreast of developments and changes in the external regulatory environment.

    Minimum Qualification and Experience

  • Information Studies Degree

  • IT and Computer Sciences Degree

  • ‘The Standard Bank Group has implemented a Vaccination Policy for all roles which require the incumbent to work from the Standard Bank premises on a full-time or intermittent basis. Full vaccination against COVID-19 is therefore an inherent requirement of this role.’

    Experience

  • 5-7 Years Exposure to data warehousing, data governance, data modelling, dashboard preparation, reporting tools and trend analysis. Exposure to ETL and Big data concepts. Working experience in the Actimize suite of products, specifically WLF and CDD.

  • Exposure to reporting and BI technologies, Qlikview, Tableu, Microstrategy, etc. Exposure to Database Platforms, SQL server, Oracle, Teradata, SAS, etc.

  • Experience in SQL. Experience in the preparation of business intelligence. Understanding of the bank’s products, systems and processes. Knowledge of AML and regulatory requirements.

    How to Apply

  • For more information and job application details, see; Standard Bank Manager, Regulatory Data Management Jobs in South Africa


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