(1890) Lead - Regulatory Finance -PSIS at South African Reserve Bank

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

• Provide input into strategic and operational scorecards as it pertains to regulatory finance for the Prudential Authority (PA).
• Implement Chapter 16 and other financial provisions of the Financial Sector Regulation Act 9 of 2017.
• Consult on and propose levies in accordance with the Financial Sector and Deposit Insurance Levies Act 11 of 2022.
• Consult internally and externally each year on the Chapter 16 budget, two-year expenditure forecast and budget explanatory note.
• Develop conceptual and formal submissions for tabling at the SARB and PA executive governance structures. 
• Drive and manage the regulatory public consultation process on the regulatory finance proposals with industry and provide the prudential regulator’s feedback for governance purposes.
• Facilitate the tabling of the PA regulatory and operational budget, two-year expenditure forecast, budget explanatory note and comprehensive summary of the public consultation process at the PA and SARB governance structures.
• Develop the PA’s regulatory submission to Parliament and National Treasury for tabling in Parliament.
• Analyse and understand the business environment to contribute meaningfully to an optimised PA funding model and its continued sustainability. 
• Calculate, consolidate, validate, maintain and report on the levies, fees and relevant regulatory progress to the relevant PA governance structures.
• Monitor, control and report legislative and regulatory changes in the prudential regulation sector relating to levies and fees charged to supervised financial institutions.
• Engage the Financial Sector Conduct Authority (FSCA) on levies and fees as well as collaborate on data-sharing.
• Manage the performance and development of the team

Qualifications

The following would be an advantage:

• a certified and professional financial registration; and
• registration as a Chartered Accountant.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continuous learning and/or professional development knowledge and skill;
• finance strategy knowledge and skill;
• finance legislation and governance, risk and compliance knowledge and skill; 
• finance project management knowledge and skill; 
• financial forecasting and budgeting knowledge and skill; 
• financial accounting knowledge and skill; and 
• regulatory compliance proven competencies – financial preferred.