Lead Policy Analyst at South African Reserve Bank

Detailed description

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

• Participate in formulating and implementing the Prudential Authority’s (PA) strategic objectives. 
• Monitor global prudential policy implementation frameworks and their impact on local regulatory frameworks for highly specialised fields across the financial sector, with a specific focus on insurance. 
• Analyse the relevance/appropriateness of international standards for the South African financial sector and highly specialised fields in banking, insurance and financial market infrastructures, with a specific focus on insurance. 
• Adopt international standards and adapt them to South African requirements so they are both purpose-specific to South Africa and compliant with international criteria.
• Develop and refine regulatory frameworks, instruments and all related work in terms of the Financial Sector Regulation Act 9 of 2017 (FSR Act), with a specific focus on insurance. 
• Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability. 
• Contribute to the drafting of the regulatory strategy in order for the PA to fulfil its functions and objectives stipulated in the FSR Act. 
• Represent the PA in Parliament and other forums on policy matters and legislation. 
• Be a custodian of the PA policy process and related governance processes. 
• Lead the completion of international surveys as requested. 
• Brief PA divisional heads, heads of department, the PA Chief Executive Officer (CEO), the Prudential Committee (i.e. the Governor and deputy governors) and other relevant governance structures on policy positions on specialised topics. 
• Represent the PA at various public forums (e.g. by providing training, giving lectures and making presentations at conferences). 
• Influence international standard-setting bodies and possibly represent the PA at such forums. 
• Lead and ensure the PA ‘house view’ in collaboration with the SARB and other regulators. 
• Conduct and coordinate ad hoc research on topics related to prudential regulation. 
• Draft speeches for the CEO, Governor and deputy governors on specialist topics. 
• Prepare briefings on specialist topics for the CEO, Governor and deputy governors 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 PA’s mandate and in support of the SARB’s financial stability mandate.

Job requirements

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

• a postgraduate degree (NQF 9) in Law (preferable), Finance, Accounting, Insurance/Banking or Economics; and
• 12 years’ experience in the insurance sector, broader financial sector or regulation within the financial sector.