Divisional Head: Banking Supervision X2-BISD at South African Reserve Bank

Brief description

The main purpose of this position is to provide strategic direction and managerial leadership to the Banking Supervision Division and ensure the financial soundness and sound governance of banking entities under the division’s supervision.

Detailed description

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

• Promote the safety and soundness of banking entities under the division’s 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 for banking entities under the division’s supervision, taking into account the current, emerging, systemic and supervised entity-specific risks. 
• Manage the supervisory oversight of the banking entities under the division’s supervision, including, but not limited to: 
• leading and managing the day-to-day supervision of banking entities and direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the banking entities and banking groups (where relevant) allocated to the division; 
• identifying, assessing and escalating key risks and react to key indicators of risks within the department; 
• overseeing the maintenance of permanent records and correspondence of banking entities and banking groups allocated to the division; and
• endeavouring to uphold an updated risk rating of the banking entities and banking groups.
• Monitor compliance by banking entities and banking groups to the applicable regulatory framework which includes prudential standards and regulations issued by the PA. 
• Manage the operationalisation and implementation of decision-making frameworks, protocols and procedures. 
• Ensure compliance with all legislative and regulatory requirements of the South African Reserve Bank (SARB), that risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented. 
• Manage the performance and development of direct reports, creating a performance culture as well as coach and manage the career development of employees in the division. 

QUALIFICATIONS

Job requirements

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

• a minimum of a post-graduate qualification in Accounting, Banking, Economics or any other relevant field; and 
• a minimum of 10–12 years’ experience in the banking sector, regulatory environment or financial auditing, with at least five years in a managerial role.

Additional requirements include:

• problem solving and analysis; 
• planning and organising; 
• verbal and written communication; 
• financial and business acumen;
• attention to detail;
• confidentiality; and
• knowledge of and skill in:
• general management;
• prudential supervision, regulation and legislation;
• the financial sector, specifically the banking industry; 
• financial management; 
• corporate governance and risk management practices and standards; 
• core principles for effective banking supervision; 
• Basel III capital framework; and 
• human resources policies and procedures.