Manager Policy - CODI at South African Reserve Bank

Brief description

The purpose of this position is to provide managerial leadership and strategic direction to the Policy Division in the development and communication of policies relating to the Deposit Insurance Scheme (DIS) to enable the Corporation for Deposit Insurance (CODI) to carry out its mandate.

Detailed description

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

• Provide managerial direction and leadership for the work of the Policy Division, develop functional plans aligned to the departmental strategy and clarify performance expectations for the division.
• Manage the delivery of work outputs through effective resource utilisation, the setting of targets, prioritisation of work and directing other operational activities.
• Manage the policy formulation process, including the identification of areas of improvement, research, industry consultation, discussion papers and drafting standards.
• Develop a framework for the establishment and selection of appropriate pay-out mechanisms for different kinds of banks. 
• Develop a methodology to assess the adequacy of the funding level and structure of the DIS.
• Oversee the development of a communication strategy and to ensure that the contents of all communication are in line with CODI’s legislation, policies and standards. 
• Promote awareness and the education of banks and depositors on the features of the DIS.
• Contribute to reports on the activities and functions of CODI.
• Support South Africa’s participation in international forums relating to deposit insurance.
• Promote cooperation with the Financial Stability Departments’ Resolution and Crisis Preparedness Division, Prudential Authority (PA) and Financial Sector Conduct Authority (FSCA) in matters relating to the functions and responsibilities of CODI.
• Ensure compliance with legislative and regulatory requirements of the South African Reserve Bank (SARB) and CODI, and ensure that divisional risks are identified, assessed and that adequate and effective risk mitigating measures are implemented. 
• Manage the performance and development of direct reports, provide technical guidance and promote and support career management and development within 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 Economics, Accounting, Finance, Law or an equivalent field; and
• a minimum of 10–12 years’ experience in the banking or banking supervision environment with at least five years in management.

Additional requirements include:

• general management skills;
• financial sector knowledge;
• banking systems knowledge;
• report-writing skills;
• relevant legislation and international standards knowledge;
• payment systems knowledge;
• service and stakeholder focus; and
• analysing and problem solving.