Bank Analyst - Pretoria at South African Reserve Bank

Brief Description        

• The main purpose of this position is to provide specialist knowledge, skills and experience in the area of capital management and public disclosure as part of a team of specialists to ensure that the Prudential Authority (PA) fulfils its capital management responsibilities.

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

• Review, analyse and evaluate banks’ internal capital-adequacy assessment process.
• Review, analyse and evaluate insurers’ own risk and solvency assessment process.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret risk-based regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 199 and Insurance Act 18 of 2017) in line with international best practice.
• Interpret and develop amendments to the legislative framework based on international best practices.
• Contribute towards international capital framework working committees.
• Develop and implement the supervisory framework process in line with international best practice.
• On-site reviews and assessments are conducted, which will require the candidate to travel.

Job Requirements        
To be considered for this position, candidates must have:

• a relevant degree (e.g. in banking, insurance, risk management, finance, accounting or auditing); and
• more than five years’ applicable experience in the financial sector or in risk management.

The following would be an added advantage:

• a postgraduate qualification in any of the aforementioned fields or certification as a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Actuarial Society of South Africa (ASSA) associate (or an equivalent associate) or Chartered Accountant CA(SA); 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;
• conversant in the second Pillar of the Basel III framework at both a theoretical and practical level and staying abreast of best practice in capital management;
• an understanding of the Basel III framework regarding the definition of capital and leverage ratio;
• conversant in the Insurance Act and its prudential standards and the information for supervisory purposes submitted by the insurance industry;
• an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
• a high level of knowledge, skills and experience in the relevant areas of specialisation;
• able to work in a team;
• being a self-starter;
• effective time management;
• proficiency in verbal communication;
• competence in written communication; and
• competence in Microsoft Office software packages.