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Head, Regulatory Reporting At Stanbic IBTC

Date Posted: 25/Feb/2014
Deadline: 10/Mar/2014
  • Specialization Admin / Finance
  • Industry
  • Experience 0 year(s)
  • Location Nigeria

1. Purpose of the Job

Management of the Regulatory reporting function. Ensure that all external reporting requirements are timeously met, including preparation of periodic regulatory returns in compliance with GAAP, IFRS, CBN and other local regulatory reporting instructions.

2. Accountabilities

Strategy and objective setting
• To understand and refine the requirements for statutory reporting for the Bank.
• To complete and be responsible for delivering against own balanced scorecard in line with the Finance Division’s balanced scorecard.

• To review and take responsibility for all aspects of completion of the necessary statutory returns for presentation to the Head Technical Advice, including:
 Central Bank of Nigeria returns; and
 Any other regulatory reports or returns as may be required from time to time.
• To ensure that the information contained in the relevant reports is accurate and complete.
• To ensure reports are ready in good time in order that they may be subject to the required levels of review prior to the reporting deadlines.

Day to day management of finance function
• To assist with statutory reporting related queries where needed.
• To manage day-to-day housekeeping of the statutory reporting function.
• To do such other tasks as required by the Head, Finance from time to time.

Ancillary responsibilities
• Reconciliation of MBR (efass) to Management account periodically.
• Attend to all queries coming from the submitted efass returns, and other demands of regulators.
• Directly responsible for the accuracy of the information contained in the bank's Trial Balance, by consistently reviewing for irregularities.
• Attend to CBN annual routine audit, and ensuring that audit issues are attended to timeously.
• Review and evaluate the accounting treatment of transactions by business units under local GAAP and CBN guidelines for purpose of advising on best practices.
• Back up for group reporting function

Method of Application

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