Regulatory Data Manager

at Standard Bank
Location Johannesburg, South Africa
Date Posted Sep 15, 2020
Category IT Jobs
Job Type Full-time


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 screening capability and 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 proactive self-monitoring capability within the AML compliance environment.
To provide technical and business support to management in respect of PBB SA functions and collaborate solutions to ensure adherence to quality assurance processes and regulatory compliance



Key Responsibilities/Accountabilities


AML risk requirements
•Validates that external vendors, Compliance IT and EIW are 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 screening controls, risk model and monitoring dashboard 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 the system and data 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, PIP’s, Sanctions, Client Risk Assessment (CRA), Client Reviews, Quality Assurance, KYC Waterfall, training)
•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 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 and business partners 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 gaps identified, proposes solutions with 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 and flow 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.
•Communicates and enhances understanding of regulatory data and reporting processes and solutions across cross functional teams.

New regulatory developments
•Participates in various working groups across the business l 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.





Preferred Qualification and Experience


Information Studies Degree
IT and Computer Sciences Degree

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 (advantageous), 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 the preparation of Business Intelligence & Reporting. Understanding of the bank’s products, systems and processes. Knowledge of AML and regulatory requirements.


Knowledge/Technical Skills/Expertise


Generating Ideas
Exploring Possibilities
Providing Insights
Examining Information
Documenting Facts
Interpreting Data
Articulating Information
Taking Action

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