(1777) Lead Policy Analyst - FSR Act at South African Reserve Bank

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

• Implement the Prudential Authority’s (PA) strategic objectives.
• Draft prudential policy papers, policy positions and regulatory instruments. 
• Analyse the relevance/appropriateness of international standards on highly specialised fields in banking, insurance and financial market infrastructures. Specific focus will be on cross-cutting regulatory frameworks derived from the Financial Sector Regulation Act 9 of 2017 (FSR Act) as well as those relating to member-based deposit-taking financial institutions (i.e. mutual banks, cooperative banks and cooperative financial institutions).
• Develop and /refine policy tools/frameworks on banking, insurance, financial market infrastructures and all related work in terms of the FSR Act (including fintech policy matters).
• Administer and implement prudential policy and regulatory instruments.
• Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
• Analyse domestic and global regulations and the impact of these on the PA’s regulatory frameworks.
• Monitor global prudential policy implementation frameworks and the impact of these on local prudential regulatory frameworks.
• Provide highly specialised and detailed regulatory frameworks on prudential regulation in the context of the FSR Act and member-based deposit-taking financial institutions. 
• Draft prudential and joint regulatory frameworks and instruments.
• Influence international standard-setting bodies and possibly represent the PA at such forums.
• Represent the PA in Parliament and other forums on policy matters and legislation.
• Adopt and adapt international standards to South African requirements to be purpose-specific to South Africa, yet compliant with international criteria.
• Be a custodian of the PA policy process and related governance processes.
• Coordinate and complete international surveys.
• Brief divisional heads, heads of department, the PA Chief Executive Officer (CEO), the SARB Executive and other stakeholders on policy positions on specialised topics.
• Represent the PA at various public forums (e.g. training, lecturing and presenting at conferences).
• Coordinate the PA ‘house view’ in collaboration with the SARB and other regulators.
• Conduct and coordinate ad hoc research on prudential-related topics.
• Draft speeches and similar documents for the PA CEO and the SARB Executive on specialist topics.
• Prepare briefings on specialist topics for the PA CEO, the SARB Executive as well as heads of department to represent the PA/SARB view locally and internationally.
• Take ownership and responsibility for the implementation of microprudential matters within the mandate of the PA and in support of the financial stability mandate of the SARB.

Job requirements

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

• a postgraduate degree (NQF 9) in Law, Finance, Accounting, Insurance, Banking or Economics; and
• 12 years’ experience in the financial sector, banking sector, or risk management environment.

Additional requirements include:

knowledge of: 

• the financial sector, specifically in banking, mutual banking, cooperative banking or cooperative financial institution environments;
• international principles on deposit-taking financial institutions;
• banking core principles and Basel III;
• insurance core principles, solvency II or solvency assessment and management;
• policy implications relating to fintech;
• corporate governance and risk management practices and standards;
• problem-solving and analytical skills;
• planning and organising skills;
• verbal and written communication skills;
• strong presentation skills;
• financial and business acumen;
• team player;
• self-starter;
• attention to detail; and
• confidentiality.