(1741) Analyst- Licensing and Authorisation at South African Reserve Bank

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

• Contribute to the development and execution of the department and NPS strategy (e.g. NPS Vision).
• Review and process licensing (designations, registrations, authorisations and licensing) applications. 
• Review and provide input to licensing and authorisation legislation and frameworks of the SARB and other regulatory authorities, standards and reports derived from international standard setting bodies as well as regional and domestic regulatory authorities.
• Contribute to the development of anti-money laundering (AML)/combating the financing of terrorism (CFT) and combating the financing of proliferation (CFP) strategy, policies and regulatory framework. 
• Review exit requests from/for payment institutions, participants, members of schemes and operators within the NPS and provide recommendations. 
• Review and process variations, suspensions and withdrawal of licenses. 
• Assist with the process of curatorship, winding down and resolution of non-systemically important payment institutions, including contributing to the process of recovery and/or resolving systemically important payment institutions.
• Contribute to the effective operation and administration of the licensing committee, including but not limited to the facilitation of meetings, providing inputs into the agenda.
• Effectively store, retrieve and maintain licensing and other relevant documentation as per the South African Reserve Bank’s (SARB) record management policies, frameworks and guidelines. 
• Provide input into the requests from operators of payment, clearing or settlement system to operate in another jurisdiction.
• Review stakeholders’ comments on licensing and authorisation frameworks and related matters.
• Monitor and identify payments policy, regulatory and legislative developments, both internationally and domestically.
• Provide input into the drafting, issuance and/or amendments of policy and regulatory documents (e.g. standards, directives, policy papers, consultation papers, explanatory memos, notices and guidance notes), particularly relevant to 
• Conduct research to keep abreast of licensing and authorisation developments and best practices.
• Ensure that the licensing and authorisation framework complies with relevant international standards and practices.
• Provide guidance and input in new payment methods, innovation and developments in the NPS.
• Build relationships and engage with both internal and external stakeholders.
• Draft surveys to obtain inputs and feedback from stakeholders on licensing, authorisation, registrations, designations, etc. Matters.
• Generate and share knowledge with stakeholders and contribute to training, capacity building and education of stakeholders, including consumers.
• Represent the SARB and the division in the industry and stakeholder meetings and/or on international, domestic, regional and standard setting bodies, committees, structures and forums. 
• Collect and analyse data relating to licensing and authorisation matters.
• Assist with identifying, assessing and mitigating risks within the Licensing and Authorisations Unit of the Policy, Regulation, and Licensing Division 
• Contribute to projects and attend to ad hoc tasks and responsibilities as per requirements.

Qualifications

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

• an Honours (NQF 8) degree in Commerce, Law, Finance, Accounting, Economics or an equivalent qualification; and 
• five to eight years’ experience in the licensing, authorisation, designation, registration of institutions in the payment system, financial services sector or related sectors.