(1774) Associate Bank Analyst -PSISD at South African Reserve Bank

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

•  Review, analyse and evaluate regulated institutions (banks and insurers) with regard to Pillar 3 Disclosures.
• Review and evaluate financial entities’ disclosure process for compliance with legislation requirements.
• Analyse and interpret risk-based regulatory returns and reconcile them with the Pillar 3 reported disclosures for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990, Insurance Act 18 of 2017), in line with international best practice.
• Interpret and develop amendments to the legislative framework, including the development of regulatory instruments (directives and standards), based on international best practices.
• Contribute towards the international and local Disclosure framework working committees.
• Contribute to the development and implementation of the supervisory review and evaluation process in respect of Pillar 3, in line with international best practice. 
• Develop and implement the supervisory framework in relation to Pillar 3 Disclosures for banking and insurance. 
• Report on the compliance of the entities to the Pillar 3 legislation.

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

• a postgraduate qualification (NQF 8) specialising in Accounting, Auditing, Banking, Insurance, Finance, or Risk Management; and 
• at least two to five years’ experience in the finance sector or risk management environment.

The following would be an added advantage:

a Chartered Accountant (CA(SA)) qualification;

• being a Chartered Financial Analyst (CFA)
• being a Financial Risk Manager (FRM);
• membership of the Actuarial Society of South Africa (ASSA); and
• practical experience in a financial and/or business environment.

Additional requirements include: 

• knowledge of and experience in financial, banking or insurance products, regulations or risk models; 
• being conversant in the second Pillar of the Basel III framework at both theoretical and practical levels;
• keeping abreast of best practice in capital management; 
• an understanding of the Basel III framework regarding the definition of capital and leverage ratio; 
• be conversant in the Insurance Act 18 of 2017 and its Prudential Standards as well as the information for supervisory purposes submitted by the insurance industry;
• an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
• be conversant in the Financial Markets Act 19 of 2012 and its Regulations;
• a high level of knowledge, skills and experience in relevant areas of specialisation; 
• ability to work in a team and independently; 
• effective time management skills; 
• proficiency in verbal communication; and
• competence in written communication.