Prudential Risk & Governance Reporting at Investec

Role Description 

• To strengthen the Compliance Function's capability to assess, challenge and evidence compliance with complex prudential / Banks Act financial risk regulatory requirements by providing an independent second line compliance assurance over the bank's interpretation, implementation and ongoing operation of relevant requirements related financial risk pillars of the bank (e.g., market, credit, capital, liquidity / balance sheet risk).
• This role is intended to demonstrate and strengthen compliance technical oversight through (i) robust engagement on Basel reforms and Banks Act regulatory interpretation and (ii) perform targeted assurance that the bank has implemented key prudential requirements appropriately, without duplicating mandate of existing second-line Risk functions.

Key Deliverables

• A Financial Risk Regulatory Assurance Plan (Market Risk first; optional extension to other financial risks) with quarterly/thematic reviews.
• Reporting on completed assurance reviews with issues/action tracking to closure.

Responsibilities:

Prudential regulatory risk assessment & interpretation (Banks Act / Basel-related)

• Maintain working knowledge of the Banks Act regulatory framework and prudential requirements relevant to financial risks (including market risk and associated returns requirements).
• Provide technical challenge on the interpretation of complex prudential rules such as Basel III reforms on The Fundamental Review of the Trading Book (FRTB) and document the compliance view and rationale.
• Support the Compliance Function in demonstrating financial risk regulatory technical skills oversight to enable credible engagement on complex regulatory requirements.
• Develop, review, and maintain policies and procedures relating to prudential and Banks Act financial risk regulatory requirements to enable effective second line compliance

Independent compliance assurance / monitoring financial risk regulatory obligations

• Design and execute risk-based compliance assurance reviews over prudential obligations for Market Risk (and, where required, other financial risk pillars such as balance sheet risk and credit risk) to test whether regulatory requirements have been implemented and are operating effectively.
• Produce clear assurance outcomes (findings, root causes, remediation actions, evidence reporting to relevant governance structures) suitable for governance committees and PA engagements.
• Ensure assurance activity is positioned as complementary to existing second line Risk assurance and Internal Audit 

Oversight / assurance over Banks Act regulatory reporting processes (financial risk-related)

• Provide compliance oversight and assurance focused on governance, controls and evidence supporting Banks Act financial risk returns (e.g., credit risk, liquidity risk, market risk returns as reflected in the regulations/returns framework).
• Engage with Group Finance and relevant SMEs to obtain comfort over the control environment for compilation, review, sign-off and submission.

Qualifications, Experience and Skills

• Degree in Finance, Risk, Economics, Accounting, Quantitative discipline, or Law (prudential focus).
• Professional certifications: FRM / PRM / CA(SA) / CFA
• Minimum 5-6years experience in prudential regulation / Basel / Banks Act financial risk requirements (market risk and related prudential domains).
• Background in Market Risk, Capital / Basel, Liquidity / ALM, Credit Risk, prudential risk analytics, regulatory change, or assurance/audit of these topics.
• Ability to translate technical prudential requirements into assurance testing approaches, evidence standards, and governance reporting.
• Experience engaging prudential regulators or supporting supervisory responses / close-out packs.
• Familiarity with Banks Act return frameworks (market/credit/liquidity risk return families referenced in the regulations).
• Prior experience in second line assurance, internal audit, model risk/validation, or prudential reporting governance.