(1696) Bank Analyst at South African Reserve Bank

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

Conduct supervisory oversight of designated banks and participate in supervisory practices, including:

• analysing and assessing the strategies, business models and business portfolios of banks;
• analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles; 
• plan, arrange, prepare for, and conduct meetings;
• assessing compliance with the Mutual Banks Act 124 of 1993, Regulations relating to Mutual Banks, Co-Operative Banks Act, Regulations relating to Co-Operative Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements; 
• analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
• analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices; 
• contributing to and participate in risk-based meetings with banks and their auditors; and 
• preparing detailed reports based on the outcome of the analysis performed.
• Review, analyse and evaluate the banks’ risk management processes, including its capital management.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. Mutual Banks Act 124 of 1993, Regulations relating to Banks, Co-Operative Banks Act, Regulations relating to Co-Operative Banks etc), in line with international best practices.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Develop and implement the supervisory review and evaluation process, in line with international best practices. 
• Manage correspondence and maintain electronic records in line with operational standards.
• Contribute towards the attainment of departmental strategic objectives.

Contribute towards the attainment of operational objectives.

• Undertake ad hoc projects as assigned by management. 
• Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank.

Job requirements
To be considered for this position, candidates must have:

• a postgraduate qualification (NQF 8) specialising in Commerce, Economics, Finance, Compliance Management, Risk Management, Accounting; and
• 5 – 8 years experience in the banking sector, finance sector, regulatory sector, or risk management environment; 

Additional requirements include:

• an in-depth knowledge and understanding of regulatory frameworks and international standards, such as the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• being conversant with the Mutual Banks Act 124 of 1993, Co-Operative Banks Act, Financial Sector Regulation Act 9 of 2017 and related standards and regulations;
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of basic risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks faced by banks and banking groups;
• an in-depth knowledge of the business of banks;
• an understanding of the business models applied by, and the financial and operating environment of, banks; and
• knowledge and understanding of corporate governance and risk management best practices and standards.
• CA (SA) or AGA (SA) would be an added advantage.