(1718) Senior Analyst- Supervision at South African Reserve Bank

Job Description

• Develop and maintain supervisory frameworks through continuous benchmarking exercises and research to ensure that they conform to international best practice.
• Develop and execute a supervisory programme to plan and organise supervision activities for the section.
• Take responsibility for the continuous improvement of the supervision process and for the updating of any changes to supervisory methods and processes. 
• Identify areas of improvement and provide input into the development/amendment of relevant legislation, regulation and best practice standards.
• Supervise the NPS participants – including (but not limited to) financial market infrastructures, financial technology (fintech) entities, payment service providers (PSPs), systemically important financial institution (SIFIs) and systemically important payment institutions (SIPIs) – and make recommendations to ensure the soundness of an entity as well as compliance with relevant regulations, frameworks and participation criteria. 
• Lead briefings and make presentations to relevant internal and external stakeholders regarding supervision and supervisory findings and make recommendations on related matters. 
• Draft formal correspondence (e.g. directives, memorandums and letters) to NPS participants. 
• Act as a point of contact for identified high-risk supervised entities for matters relating to supervision.
• Lead with the creation and maintenance of the NPS supervisory universe, including (but not limited to) the National Payment System Act 78 of 1998, directives and frameworks.
• Produce relevant presentations and reports, integrating the inputs of other analysts while deepening and elaborating on these in order to create final reports for sharing with relevant stakeholders (as required).
• Train, share knowledge and create awareness for stakeholders on matters relating to supervision. 
• Lead and/or represent the South African Reserve Bank (SARB) at industry meetings, forums, working groups, committees etc.
• Initiate, conduct and participate in investigations, inspections and audits for the purposes of ensuring compliance and maintaining the safety and efficiency of the NPS. 
• Collect, collate, analyse and provide accurate and meaningful data and information to relevant stakeholders (as and when required).
• Manage the performance of the analysts in the function by providing them with technical assistance as well as coaching and mentoring them in executing their daily tasks (when required).

Qualifications

To be considered for this position, candidates must be in possession of:

• the minimum of an Honours degree (NQF 8) in Commerce, Economics, Finance, Risk Management or Accounting, or an equivalent qualification;
• the minimum of 8–10 years’ experience in the banking or financial sector, including evidence of managing deliverables in leading projects; and
• the minimum of 5 years’ experience in a payment system environment.