Junior Bank Analyst - Pretoria, South Africa - South African Reserve Bank

South African Reserve Bank
South African Reserve Bank
Verified Company
Pretoria, South Africa

2 weeks ago

Thabo Mthembu

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Thabo Mthembu

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Description

The purpose of this position is to perform prudential oversight of designated registered banking entities that form part of a large banking 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 sector.


Detailed description

  • Conduct supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as 'banks').
  • Analyse and assess the strategies and business models of banks.
  • Analyse and assess the business portfolios of banks.
  • Analyse and form a supervisory view of the risks banks are facing 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 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.
  • Assess compliance with the Banks Act 94 of 1990 (Banks Act), the Regulations relating to Banks (Regulations) and the Financial Sector Regulation Act 9 of 2017 (FSR Act).
  • Prepare detailed reports based on the outcome of the analysis performed.
  • Prepare detailed formal feedback to banks following onsite reviews and prudential meetings held with banks' management, executives, boards and board subcommittees.
  • Plan, arrange, prepare for and conduct onsite reviews and prudential meetings with banks' management, executives, boards and board subcommittees.
  • 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.
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