(1633) Associate Credit Risk Analyst-RSD at South African Reserve Bank

Detailed Description

The successful candidate will, among others, be responsible for the following key performance areas:

• Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) to stay abreast of international best practices and developments surrounding credit risk.
• Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Analyze and interpret risk-based regulatory data submissions’ trends and patterns in large data sets.
• Generate insights through visual analytics, dashboards and/or reporting.
• Assist in the creation of forecasting and predictive analytics models.
• Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• Assist other teams with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Job Requirements

To be considered for this position, candidates must have:

• a relevant postgraduate qualification (NQF 8) in Accounting, Financial Management, Risk Management, Banking, Computer Science, Dara Science, or another relevant quantitatively focused degree; and
• two to five years’ relevant working experience in the financial, banking, insurance, financial regulatory sector or in risk management.