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  • Posted: Feb 24, 2021
    Deadline: Not specified
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    The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought


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    Lead Policy Analyst

    The main purpose of this role is to conduct financial sector prudential policy-related research and analysis in order to monitor and influence the policy positions of international financial sector standard-setting bodies as well as local policy matters set by National Treasury and the legislator. Deliverables will include guiding and engaging with National Treasury, the South African Reserve Bank (SARB), financial sector regulators, industry and other stakeholders on supporting the South African stance on policy matters.

    Detailed description

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

    • Implement the SARB’s micro-prudential supervision strategic objective.
    • Analyse relevance/appropriateness of international standards on highly specialised fields in banking, insurance and financial market infrastructures, with a specific focus on financial market infrastructures.
    • Develop/refine policy tools/frameworks on banking, insurance, financial market infrastructures, financial inclusion and all related Twin Peaks frameworks, with specific focus on financial market infrastructures.
    • Administer and implement prudential policy and prudential policy tools.
    • Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
    • Analyse domestic and global regulation and the impact of these in the fields of banking, insurance and financial market infrastructures.
    • Monitor global prudential policy implementation frameworks and the impact of these on local regulatory frameworks.
    • Provide highly specialised and detailed regulatory frameworks on prudential regulation in a Twin Peaks framework, as well as on the regulatory framework of banks, insurers, financial market infrastructures and financial inclusion, with specific focus on financial market infrastructures.
    • Draft regulatory frameworks and instruments.
    • Influence international standard-setting bodies.
    • Represent the Prudential Authority (PA) in Parliament and other fora on policy matters and legislation.
    • Adopt and adapt international standards to South African requirements in order to be purpose specific in the Republic, yet compliant with international criteria.
    • Be the custodian of the PA Policy Panel and related governance processes, ultimately the Prudential Committee of the PA.
    • Coordinate and complete international surveys.
    • Implement various aspects of the PA due to specialist knowledge of the Financial Sector Regulation Act 9 of 2017 (FSR Act).
    • Draft regulatory strategy in order for the PA to fulfil its functions and objectives stipulated in the FSR Act.
    • Draft and maintain memoranda of understanding with other financial sector regulators such as the Financial Sector Conduct Authority, the National Credit Regulator, Financial Intelligence Centre as well as the SARB.
    • Brief Divisional Heads, Heads of Department, the Chief Executive Officer (CEO), Governor and Deputy Governors on policy positions on specialised topics.
    • Represent the PA at various public fora (training, lecturing, presentations at conferences, etc.).
    • Coordinate the PA ‘House View’ in collaboration with the SARB and other regulators.
    • Conduct and coordinate ad hoc research on prudential-related topics.
    • 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 responsibility for the implementation of all future micro-prudential matters within the mandate of the PA.

    Job requirements

    To be considered for this position, candidates must have:

    • Post-graduate degree in Law (preferable), Finance, Accounting, Insurance/ Banking or Economics; and
    • 12 years’ experience in the financial markets infrastructure sector, financial sector or risk management environment.

    Additional requirements include:

    • financial sector, specifically the financial markets infrastructures;
    • corporate governance and risk management practices and standards;
    • international principles on financial market infrastructures;
    • insurance core principles, solvency II or solvency assessment and management;
    • banking core principles, Basel III;
    • problem-solving and analysis;
    • planning and organising;
    • verbal and written communication;
    • financial and business acumen;
    • team player;
    • self-starter;
    • attention to detail; and
    • confidentiality.

    Method of Application

    Interested and qualified? Go to South African Reserve Bank on www.linkedin.com to apply

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