Role Objective:
The Regulatory Reporting Officer will assist the Finance Manager to ensure compliance of Kuwait branch with regulatory reporting requirements. The incumbent will ensure preparation of periodic Central Bank of Kuwait regulatory reports, returns and requests to the regulatory authorities, in line with0 the guidelines, and support coordination efforts with Central Bank of Kuwait officials/ other regulators /internal stakeholders on matters pertaining to regulatory reporting pertaining to retail/corporate customer segments.
Detailed Roles and Responsibilities:
OPERATIONAL
- Verify the balance sheets and related calculations/tables pertaining to the Kuwait branch for review/due submission to the Central Bank of Kuwait, in line with the reporting guidelines.
- Ensure timely preparation and submission of all Arabic reports to the regulators.
- Assist the Finance Manager in information sourcing / coordination efforts throughout the selection and implementation of applicable Central Bank of Kuwait regulatory reporting tools and interfacing of the same with core banking applications.
- Contribute towards and support the Finance Manager in the sharing / implementation of the new CBK Regulatory Reporting requirements that the regulatory agencies/ governmental bodies might enforce, in terms of the policies and operational procedures.
- Assist the Finance Manager in periodic monitoring to ensure that adequate internal control procedures are in place to mitigate risk arising out of non-compliance with regulatory framework.
- Manage coordination efforts with the internal stakeholders in ensuring prompt submission of statutory and regulatory reporting requirements across the branch in line with the guidelines set by the respective regulatory authorities.
- Verify to ensure that reports are completed with a high standard of information integrity and adhere to the reporting deadlines.
- Execute coordination efforts with the relevant departments, to ensure preparation / perform due submission of Basel III data (ratios "CAR, LCR, NSFR, LR, DSIB") as per the Central Bank of Kuwait guidelines.
- Liaise with the reporting authority to ensure accuracy and clearness of financial data detailed inmanagement reports / data produced for Central Bank of Kuwait.
- Support the Finance Manager in coordination efforts with the IT Department for the development of new / continuous improvement in report requirements, as directed by the Central Bank of Kuwait over the time.
- Reconcile and ensure submission of the cash/Credit Classification for the branch within the prescribed timeframe and as per guidelines.
Educational Qualifications:
- University graduate with a degree in Business or Banking or Finance or any other related discipline.
Experience:
- 3 - 5 years’ experience
- Experience in regulatory reporting in banking industry
