(455) Associate Credit Risk Analyst -RSD

at  South African Reserve Bank

BRIEF DESCRIPTION

The purpose of this positionis to realise the responsibilities of the Risk Support Department of the Prudential Authority (PA) in respect of the supervision and regulation of credit risk in banks, insurers and financial market infrastructures (collectively referred to as regulated financial institutions). This includes being involved in operational duties associated with on- and off-site analysis as well as being part of a team of risk specialists who are responsible for providing specialist knowledge, skills and experience in the credit risk management area.
Detailed description

The successful candidate will, among other duties, be responsible for the following key performance areas:

• Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g. the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, prudential and joint standards, circulars, directives and guidance notes) in line with international best practices.
• Stay abreast of international best practices and developments surrounding credit risk.
• Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Prepare detailed reports based on the outcome of the analysis performed.
• Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
• Provide specialist credit risk support.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Interact with external credit assessment institutions, when necessary.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
• Assist the team with other functions, as may be required from time to time, in line with the PA’s strategic and operational objectives.

• Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g. the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, prudential and joint standards, circulars, directives and guidance notes) in line with international best practices.
• Stay abreast of international best practices and developments surrounding credit risk.
• Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Prepare detailed reports based on the outcome of the analysis performed.
• Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
• Provide specialist credit risk support.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Interact with external credit assessment institutions, when necessary.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
• Assist the team with other functions, as may be required from time to time, in line with the PA’s strategic and operational objectives