(795) Divisional Head: Financial Conglomerate Supervision at South African Reserve Bank

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

• Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision; 
• Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
• Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
• Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
• Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs; 
• Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division; 
• Identify, assess and escalate key risks, and react to key indicators of risks within the department;
• Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division; 
• Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
• Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
• Manage the operationalization and implementation of decision-making frameworks, protocols and procedures; 
• Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
• Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
• Manage the performance and development of direct reports;
• Create a performance culture in the division; and
• Coach and manage the career development of employees in the division.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• at least a Postgraduate Degree in Accounting, Banking, Economics, Finance and/or Insurance; and
• at least 10 years’ experience in a regulatory agency, the banking sector, the insurance sector and/or financial services sector.
• At least 5 years in a senior management position managing multi-functional teams

Job-related knowledge

• General management
• The financial sector, specifically banking, insurance and the securities industries
• Financial management
• Corporate governance and risk management practices and standards
• The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles 
• The Solvency Assessment & Management (SAM) Framework;
• The Basel III Capital Framework; and 
• Human resources policies and procedures.