BRIEF DESCRIPTION

The main purpose of this position is to perform prudential oversight of designated registered banking entities through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the soundness of governance and financial practices of such banking entities, and ultimately ensuring the safety and soundness of the financial sector.

DETAILED DESCRIPTION

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

• Conduct supervisory oversight of designated banks and participate in supervisory practices, including:
• analysing and assessing the strategies, business models and business portfolios of banks;
• analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles;
• assessing compliance with the Banks Act 94 of 1990, Mutual Banks Act 124 of 1993, the Regulations relating to Banks, Mutual Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements;
• analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
• analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices;
• contributing to and participate in risk-based meetings with banks and their auditors; and
• preparing detailed reports based on the outcome of the analysis performed.
• Review, analyse and evaluate banks’ internal capital adequacy assessment process.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990, Mutual Banks Act 124 of 1993), in line with international best practices.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Develop and implement the supervisory review and evaluation process, in line with international best practices.
• Manage correspondence and maintain electronic records in line with operational standards.
• Contribute towards the attainment of departmental strategic objectives.
• Contribute towards the attainment of operational objectives.

• Conduct supervisory oversight of designated banks and participate in supervisory practices, including:
• analysing and assessing the strategies, business models and business portfolios of banks;
• analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles;
• assessing compliance with the Banks Act 94 of 1990, Mutual Banks Act 124 of 1993, the Regulations relating to Banks, Mutual Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements;
• analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
• analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices;
• contributing to and participate in risk-based meetings with banks and their auditors; and
• preparing detailed reports based on the outcome of the analysis performed.
• Review, analyse and evaluate banks’ internal capital adequacy assessment process.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990, Mutual Banks Act 124 of 1993), in line with international best practices.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Develop and implement the supervisory review and evaluation process, in line with international best practices.
• Manage correspondence and maintain electronic records in line with operational standards.
• Contribute towards the attainment of departmental strategic objectives.
• Contribute towards the attainment of operational objectives