Policy Specialist at South African Reserve Bank

The purpose of this position is to develop policies relating to the deposit insurance scheme to enable the proposed Corporation for Deposit Insurance (CoDI) to carry out its mandate.

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

•     Conduct research in support of policy development, including the identification of areas of improvement and compliance with international standards.
•     Participate in industry consultation, and assist with drafting reports, discussion papers and standards.
•     Assist with the drafting of proposals for deposit insurance coverage.
•     Assist with the design of policy processes to contribute to information technology requirements.
•     Support the testing of the deposit insurance systems and the review of deposit insurance submissions from banks.
•     Assist with the development of a methodology to assess the adequacy of the level and structure of funding of the deposit insurance scheme.
•     Support the development of a framework for the establishment and selection of appropriate payout mechanisms for different kinds of banks.
•     Support the preparations for, and execution of, payout in the event of a bank failure.
•     Support the drafting and finalising of reports on the activities and functions of CoDI.
•     Cooperate with the Operations Division on determining the operational impact of policy proposals.
•     Cooperate with the Resolution Planning Division in the Financial Stability Department, the Prudential Authority, the Financial Sector Conduct Authority and the National Treasury on matters relating to the functions and responsibilities of CoDI.
•     Ensure compliance with the legislative and regulatory requirements of the South African Reserve Bank (SARB) and CoDI.
•    Assist with the content for public awareness initiatives, and respond to queries and surveys.

Job Requirements        

To be considered for this position, candidates must have:

•     a minimum of a postgraduate qualification in Banking, Economics, Accounting, Finance or Law; and
•     a minimum of five to eight years’ experience in the banking, banking supervision or payment systems environment.

Additional requirements include:

•     an understanding of the banking sector or similar environment;
•     knowledge of regulatory frameworks and international standards;
•     facilitation and presentation skills;
•     strong interpersonal, verbal and written communication skills; and
•    proficient in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.