SENIOR ANALYST : MARKET TRANSPARENCY AND RISK MANAGEMENT DEPARTMENT

at  FINANCIAL SECTOR CONDUCT AUTHORITY

KEY PERFORMANCE AREAS

• Provide support in the implementing and administering of the CRS Act, Conduct Standard - Requirements relating to the provision of a benchmark and any other subordinate legislation.
• Initiate and conduct routine market conduct on-site inspections of CRAs and FBA in terms of the Risk-Based Supervision approach.
• Review and recommend for approval or refusal of applications for licence, amendments, exemptions, and outsourcing arrangements for CRAs, and assist the licencing division in the review of applications for license for FBAs.
• Conduct relevant research to improve the standard of regulation in line with national and international developments and requirements.
• Participates in and contributes to discussions regarding possible regulatory and policy direction on the regulation and supervision of CRAs and FBAs.
• Represent the department at relevant internal and external meetings, committees, and forums in line with stakeholder engagement plan.
• Assist in the compilation of routine reports and commentaries within the set timelines.

To oversee the implementation and supervision of the regulatory framework for credit ratings agencies (“CRAs”) and financial benchmark administrators (“FBAs”). CRAs are primarily regulated and supervised in terms of the Credit Rating Services Act No. 24 of 2012 (“CRS Act”); and the regulations of financial benchmarks is currently under development. The person appointed to this position will be stationed in the Market Integrity and Decision Sciences Division and will report to the Senior Manager: Ratings and Indices.