(602) Bank Analyst-FCSD

at  South African Reserve Bank

BRIEF DESCRIPTION

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

DETAILED DESCRIPTION

• The successful candidate will be responsible for the following key performance areas:
• Supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Assess and analyse the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as and the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.
• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.
• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.
• Assess compliance with the Banks Act 94 of 1990 and the Regulations relating to Banks.
• Prepare detailed reports based on the outcome of analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.
• Maintain permanent electronic records in respect of banks.
• Manage correspondence pertaining to banks.
• Undertake ad hoc projects as assigned by management.
• Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Please refer the Job description for details