Job Description
Role: Analyst
Function: Chief Strategy, Transformation and Data Officer
Branch / Unit: Data Intelligence Hub
Section: Supervisory Reporting Team
Job Summary
Overall Purpose
Executing data aggregation and reporting processes in respect of the Regulatory Reporting framework applicable to the Bank. This entails a diverse range of responsibilities, including but not limited to: ensuring the accurate compilation of the Bank’s regulatory reporting on a monthly/quarterly/periodic basis, conducting thorough reconciliations of key figures to be reported against the Bank’s General Ledger System, carrying out preparatory work required for compiling regulatory disclosures in the Bank’s published Financial Statements and Pillar III disclosures, as well as providing assistance in addressing queries from various stakeholders, such as internal units, external auditors, and competent authorities.
Key Responsibilities
The job holder will be responsible for:
- Compilation of Regulatory Returns
Compiling of periodic and ad-hoc regulatory returns and ensuring that such are submitted for quality assurance review/analysis as well as to the Regulators within stipulated timeframes. Validating the returns via specific systems (such as the XBRL) and reconciling the relative returns with the Bank’s General Ledger system. Compiling of notes and disclosures for the purpose of the Bank’s published Financial Statements and Pillar III disclosures.
Assisting the team with the analysis of the data to ensure that such meets specific criteria for high quality standards prior to submission to the relevant competent authorities. Such analysis includes but is not limited to trend analysis, comparison of Bank’s data with that of the market and other data quality control checks, amongst others.
- Documenting/maintaining Policies and Procedures
Documenting the processes used for the compilation of the regulatory returns and maintaining such documentation up to date with the latest processes. Such documentation would need to be reviewed annually to ensure applicability.
- Assisting with the Regulatory Interpretations
Assisting the Line Manager as well as other areas within the Supervisory Reporting team with the regulatory interpretations and the appropriate application of the regulations/guidelines in line with the Bank’s internal operations.
Handling queries arising from internal units, the Quality Assurance team within the Data Intelligence Hub, Regulators, external auditors, and any other external parties within the stipulated timeframes.
- Assisting with new/revised regulatory reporting requirements
Providing support to the Unit’s management as well as to the AI, System & Process Optimisation team within the Data Intelligence Hub on the applicable regulatory reporting requirements for such to be developed from an IT perspective. Providing assistance in performing the necessary testing to ensure the correctness of data in line with the regulatory requirements.
In addition to the specific functions, management may assign more duties as required for the job from time to time.
Attitude
- Ability to work under pressure
- Hands-On Approach.
- Highly responsible, committed and confident with a can-do attitude.
- Positive, flexible, team-player, proactive and results oriented.
- Willingness to remain updated continuously on areas related to the field.
Required Education
Possess a minimum of an MQF level 5 Diploma in Banking, Accounting or other related areas.
Desirable Criteria
Previous experience of at least two (2) years’ experience within a regulatory related environment is highly valued.
Proficient knowledge on one or more of the following areas (experience in multiple areas shall be considered an asset): Capital Requirements Regulation (CRR), Liquidity regulations, Bank Recovery and Resolution Directive (BRRD) and Financial and statistical reporting, particularly FINREP reporting.
Here’s What’s In It For You
- This Position offers an attractive remuneration package
- Bank Holidays and additional vacation leave days over and above the statutory entitlement
- Free basic health insurance
- Relocation assistance and packages for expats joining the bank
- Accredited training programs from our BOV Learning Academy
- Study leave when employees decide to further their studies on part time basis
- Staff home loan rates for your dream home and other credit facilities at reduced interest rates
- Voluntary Occupation Pension Scheme (VOPS)
- Guarantee of working with an Equal Opportunities Employer as certified by the NCPE
- A budget dedicated to your children’s summer school costs
The Bank ensures a fair, transparent, consistent and non-discriminatory treatment of employees on the basis of gender, race, colour, ethnic, or social origin, genetic features, language, religion, or belief, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation.
