(1743) Associate Analyst- Licensing and Authorisation at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

08 Oct, 26

Salary

0.0

Posted On

10 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Licensing, Authorisation, Regulatory Compliance, Risk Management, AML/CFT/CFP Strategy, Data Analysis, Stakeholder Engagement, Policy Drafting, Problem Solving, Financial Regulation, Quality Assurance, Digital Literacy, National Payment System Knowledge, Research, Communication, Project Management

Industry

Banking

Description

The successful candidate will be responsible for the following key performance areas: * Review and process licensing applications (designations, registrations, licensing and authorisations). * Review and provide initial input into licensing and authorisation legislation and frameworks of the SARB well as the frameworks of other regulatory authorities, standards and reports derived from international standard-setting bodies, regional and domestic regulatory authorities. * Contribute to the reviewing and processing variations, suspensions and the withdrawal of licences. * Support the review of the internal and external comments received from stakeholders on licensing and authorisation frameworks and related matters. * Conduct research on licensing and authorisation developments and best practice. * Assist with the process of developing an anti-money laundering/combating the financing of terrorism/combating the financing of proliferation (AML/CFT/CFP) strategy, policies and regulatory framework. * Provide input into new payment methods, innovation and developments in the NPS. * Build relationships and engage with internal and external stakeholders. * Assist in drafting documents on licensing and authorisation matters. * Contribute to the drafting, issuance and/or amendments of policy and regulatory documents, including (but not limited to) standards, directives, policy papers, consultation papers, explanatory memos, notices and guidance notes * Collect and analyse data relating to licensing and authorisation matters. * Assist with identifying, assessing and mitigating any risks within the Licensing and Authorisation Unit in the Policy, Regulation and Licensing Division. * Assist with the drafting and completion of surveys in order to obtain inputs and feedback from stakeholders on payment policy and regulatory matters. * Contribute to projects and attend to ad hoc tasks and responsibilities as per requirements. About SARB Primary mandate of the SARB Section 224 of the Constitution of South Africa states the mandate of the SARB as follows: The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice. WHAT WE DO Monetary Policy The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inﬂation low and steady. Financial Stability The SARB has a mandate to protect and enhance ﬁnancial stability. We identify and mitigate systemic risks that might disrupt the ﬁnancial system. Prudential Regulation The Prudential Authority regulates ﬁnancial institutions and market infrastructures to promote and enhance their safety and soundness, and support ﬁnancial stability. Financial Markets Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves. Financial Surveillance The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions. Payments and Settlements The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern ﬁnancial system. Statistics The SARB provides important economic and ﬁnancial statistics that present an overview of the economic situation in South Africa. Research Research conducted by the SARB focuses on economics, ﬁnancial stability, banking and emerging trends in ﬁnance. Our research supports policy decision-making. Banknotes and Coin The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa. The National Payment System (NPS) comprises of the entire payment process including all the tools, systems, mechanisms, institutions, agreements, procedures, rules or laws applied or utilised to effect payment. The NPS therefore facilitates the circulation of money, that is, it enables transacting parties to exchange value. Participants within the NPS provide the payment mechanisms/instruments and infrastructure to enable the participants and their clients to effect payments. These instruments can be credit cards, cheques, and electronic funds transfers (EFTs), such as debit and credit orders for example. The generation of financial transactions arising from the use of these instruments result in interbank payment and settlement obligations. Central banks have always played an important role in countries' national payment systems. Where payments result in interbank obligations, central banks normally provide the interbank settlement facilities.

Responsibilities

The role involves reviewing and processing licensing applications and authorisations for payment institutions to ensure an accessible national payment system. It also requires contributing to the development of regulatory frameworks, AML/CFT/CFP strategies, and managing stakeholder relationships.