The purpose of this position is to perform prudential oversight on designated registered banking entities through a combination of on-site and off-site monitoring, analyses and supervision, thereby contributing to the financial and governance soundness of financial institutions.

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

• Assess and understand the strategy and business model of the bank.
• Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on the bank’s risk profile.
• Identify and monitor emerging risks to the banking sector in general and the bank in particular.
• Assess compliance with the Banks Act 94 of 1990, Co-operative Banks Act 40 of 2007, Mutual Banks Act 124 of 1993 and the Regulations relating to Banks.
• Prepare detailed reports based on the outcome of the analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks’ management, executives and board members.
• Plan, arrange, prepare for and conduct meetings.
• Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank.
• Maintain permanent electronic records in respect of the bank.
• Undertake ad hoc projects as assigned by management.
• Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank.

Job requirements

To be considered for this position, candidates must have:

• a Postgraduate qualification (NQF 8)  in Commerce, Economics, Finance, Compliance Management, Risk Management, or Accounting;
• five to eight years’ experience in the banking sector, finance sector, regulatory sector, or risk management environment; and
• a chartered accountant CA(SA) or Associate General Accountant AGA (SA) qualification would be an added advantage.

Additional requirements include:

• knowledge and understanding of:
• financial reporting standards;
• business protocol;
• business models applied by banks and the financial and operating environment of banks;
• relevant risk management standards and practices;
• legislation relating to banks;
• the banking system, financial and banking products, regulations and risk models;
• the Basel Committee on Banking Supervision’s (BCBS) capital framework and the Basel Core Principles at a theoretical level;
• prudential supervision and the supervisory framework applied in South Africa; and
• key issues facing banks;
• skills in analysing the business of banks;
• innovative problem-solving skills;
• strong analytical, verbal and writing skills and proficiency in verbal and written communication; and
• good interpersonal skills.