Analyst, Regulatory Reporting at Standard Chartered Bank

Job ID: 567131 
Job Function: Finance
Regular/Temporary: Permanent

Job Description 

• To collate information from the bank’s records and ensure timely submission of regulatory returns to CBN relating to:
  • Invisible trade.
  • Letters of Credit.
  • Import bills.
  • Exports Transactions
  • Capital Importation.
  • Purchase and Sales of Foreign Exchange
  • Report on foreign trade credit lines to the regulators
  • Provide reports required for regulatory examination exercises
  • Support the Reporting Manager in liaison with Local Regulatory authorities
  • Check the accuracy of all inputs from Trade dept and the branches
  • Undertake  key controls self assessments
• To collate information from the bank’s records and ensure timely submission of regulatory returns to CBN
• Up load, update and deliver all local Trade returns timely
• Under the supervision of the Reporting Manager respond to and resolve all Local Trade Reporting issues
• Provide relevant schedules and respond to regulatory audit queries
• Be able to automate (end to end) the Trade returns and related reports made to the CBN
• Provide monthly reconciliation of FX trade returns and agree same to the banks general ledger
• Be up to update on changes in regulatory requirements and document a process review to accommodate such changes.

Qualifications and Skills

• University Degree with a minimum of Second Class Lower
• Professional qualifications in Accounting and Finance e.g. ACCA, ACA plus at least three to four years work experience in Regulatory and Financial reporting department of a financial institution.
• Good working knowledge of the Local Regulatory requirements and Group Accounting practice supplemented by all round Banking experience.
• Good understanding of the Foreign Exchange Manual and related Circulars
• Working experience of Accounting/Banking systems and products is essential for the extraction and processing of data.  
• Understanding of the GL accounts is essential in assessing whether the trend of an account is irregular and requires immediate management attention.
• Good communication and interpersonal skills are essential in dealings with both internal and external customer.
• Ability to work in a busy and strenuous environment for long hours in order to meet set deadlines.