Divisional Head - Enforcement and Resolution

• Contribute to the development of the departmental strategy
  and take responsibility for the division’s operational plan.
  
• Plan and prioritize work to achieve the division’s
  objectives and manage the use of resources to increase efficiency, as required.
  
• Lead the division in developing, reviewing and implementing
  the framework, guidelines and procedures for the consistent enforcement of
  regulatory instruments in respect of PA -regulated financial institutions.
  
• Lead the division in developing, reviewing and implementing
  a resolution framework for non -systemically significant financial institutions
  regulated and supervised by the PA.
  
• Instill a pre -emptive, risk -based and outcomes -focused
  approach to enforcement and resolution.
  
• Manage the development and refinements to the PA Regulatory
  Action Committee’s (PARAC) terms of reference and procedures to ensure optimal
  functioning of the PARAC, as and when required.
  
• Lead and drive the delivery of work in the division relating
  to assessing the appropriateness of recommended sanctions and enforcement
  decisions to enable effective decision -making by the PARAC.
  
• Recommend an appropriate resolution strategy in respect of
  financial institutions in financial distress, in collaboration with relevant
  stakeholders and in accordance with applicable financial sector laws.
  
• Lead and direct engagements with external stakeholders for
  monitoring international and domestic developments, and assess their relevance
  and applicability to the work of the division.
  
• Establish and maintain strategic direction and focus within
  the division, ensuring alignment with the organization mandate as well as
  compliance with relevant frameworks and legislation.
  
• Contribute to the PA and organization strategic initiatives,
  especially those with a direct impact on the division, and encourage
  collaboration within the division, the department and across the other PA
  departments.
  
• Direct and coordinate the division’s budget, governance,
  control and risk management activities to maximize efficiency and effectiveness
  as well as ensure that risks are identified, assessed and mitigated timeously.
  
• Manage the performance and development of direct reports,
  create a performance culture in the division, and promote and support career
  management and development.
  
• Monitor, evaluate and report on the division’s performance
  outputs and achievements.
  
• Lead change by creating and maintaining a culture that
  reflects the values and promotes diversity and inclusion in the workplace.
  

Requirements

• A Postgraduate degree (NQF 8) in Law, Compliance, Risk
  Management, Finance, Auditing or Accounting, or an equivalent qualification;
  and
  
• A minimum of 10 to 12 years’ experience in the financial sector regulation or in a similar environment, with at least five years’ experience in
  a managerial role.
  
• The Financial sector and its key risks and developments,
  preferably in banking and insurance
  
• Prudential supervision, regulation and legislation as well
  as applicable regulatory frameworks
  
• An understanding of the legal framework and/or best practice
  regarding financial distress assessment, resolution planning, turnaround or
  insolvency proceedings