(1774) Associate Bank Analyst -PSISD

Detailed description

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

•  Review, analyse and evaluate regulated institutions (banks and insurers) with regard to Pillar 3 Disclosures.

• Review and evaluate financial entities’ disclosure process for compliance with legislation requirements.

• Analyse and interpret risk-based regulatory returns and reconcile them with the Pillar 3 reported disclosures for regulated entities.

• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990, Insurance Act 18 of 2017), in line with international best practice.

• Interpret and develop amendments to the legislative framework, including the development of regulatory instruments (directives and standards), based on international best practices.

• Contribute towards the international and local Disclosure framework working committees.

• Contribute to the development and implementation of the supervisory review and evaluation process in respect of Pillar 3, in line with international best practice. 

• Develop and implement the supervisory framework in relation to Pillar 3 Disclosures for banking and insurance. 

• Report on the compliance of the entities to the Pillar 3 legislation.

Job requirements

To be considered for this position, candidates must be in possession of:

• a postgraduate qualification (NQF 8) specialising in Accounting, Auditing, Banking, Insurance, Finance, or Risk Management; and 

  • at least two to five years’ experience in the finance sector or risk management environment.

The following would be an added advantage:

• a Chartered Accountant (CA(SA)) qualification;

  • being a Chartered Financial Analyst (CFA)

  • being a Financial Risk Manager (FRM);

  • membership of the Actuarial Society of South Africa (ASSA); and

  • practical experience in a financial and/or business environment.

Additional requirements include: 

• knowledge of and experience in financial, banking or insurance products, regulations or risk models; 

  • being conversant in the second Pillar of the Basel III framework at both theoretical and practical levels;

  • keeping abreast of best practice in capital management; 

  • an understanding of the Basel III framework regarding the definition of capital and leverage ratio; 

  • be conversant in the Insurance Act 18 of 2017 and its Prudential Standards as well as the information for supervisory purposes submitted by the insurance industry;

  • an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;

  • be conversant in the Financial Markets Act 19 of 2012 and its Regulations;

  • a high level of knowledge, skills and experience in relevant areas of specialisation; 

  • ability to work in a team and independently; 

  • effective time management skills; 

  • proficiency in verbal communication; and

  • competence in written communication.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.