Market Exit Analyst at South African Reserve Bank

Job Description

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

• Conduct research to inform the development of policies related to the Prudential Authority’s (PA) market exit functions.
• Facilitate the effective execution of curatorship, statutory management, judicial management and liquidation process of distressed and non-viable financial institutions.
• Coordinate reports of market exit tasks from FST, i.e. curatorship, judicial/ statutory management of non-banks, non-sifis for submission to PARAC or relevant governance structure. 
• Analyse information received from the financial institutions to assess and/ or inform the adequate market exit plans for large entities.
• Develop market exit plans and conduct resolvability assessments of financial institutions to prepare for execution in the event of failure.
• Execute the market exit plans for orderly exit of the failed financial institution from the market
• Engage with financial institutions, and relevant stakeholders (internal and industry) on issues related to market exit process.
• Review the recovery plans submitted by the financial institutions to assess adequacy and appropriateness, provide inputs and recommendations where necessary (in collaboration with Frontline teams and applicable risk specialist teams).
• Stay abreast of the international practices and sector developments, analyse implications thereof for the Market Exit section and recommend improvements to current practices.
• Present to the PA and industry forums on topics related to market exit planning and recovery process.
• Compile a report on all recovery and market exit actions taken to provide insights, trends and provide recommendation to internal and external stakeholders.

Qualifications

Job requirements

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

• A Postgraduate qualification in Banking, Finance, Law or equivalent qualification (NQF 8);
• a minimum five to seven years’ job-related experience in financial, Law or in the financial services sector, policy environment or regulatory environment

Additional requirements include:

• regulatory frameworks and international standards (Basel Committee in Banking Supervision Standards (BCBS), International Association of Insurance Supervision Standards (IAIS); Financial Stability Board
• Financial sector laws (Banks Act, Insurance Act, Financial Sector Regulation Act, Insolvency Act, etc. 
• Knowledge of, or experience in, managing distressed entities.