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

South African Reserve Bank

Verified Company

Pretoria, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

The main purpose of this position is to provide specialist knowledge, skills and experience in the area of capital management and public disclosure as part of a team of specialists to ensure that the Prudential Authority (PA) fulfils its capital management responsibilities.
Detailed Description
Review, analyse and evaluate banks' internal capitaladequacy assessment process.
Review, analyse and evaluate insurers' own risk and solvency assessment process.
Review and evaluate financial entities' recovery plans.
Analyse and interpret riskbased regulatory returns for regulated entities.
Conduct research and provide input into the regulatory framework ( e.g. the Banks Act 94 of 199 and Insurance Act 18 of 2017) in line with international best practice.
Interpret and develop amendments to the legislative framework based on international best practices.
Contribute towards international capital framework working committees.
Develop and implement the supervisory framework process in line with international best practice.

Job Requirements

- a relevant degree ( e.g. in banking, insurance, risk management, finance, accounting or auditing); and
more than five years' applicable experience in the financial sector or in risk management.

The following would be an added advantage:

a postgraduate qualification in any of the aforementioned fields or certification as a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Actuarial Society of South Africa (ASSA) associate (or an equivalent associate) or Chartered Accountant CA(SA); 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;
conversant in the second Pillar of the Basel III framework at both a theoretical and practical level and staying abreast of best practice in capital management;
an understanding of the Basel III framework regarding the definition of capital and leverage ratio;
conversant in the Insurance Act and its prudential standards and the information for supervisory purposes submitted by the insurance industry;
an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
a high level of knowledge, skills and experience in the relevant areas of specialisation;
able to work in a team;
being a self-starter;
effective time management;
proficiency in verbal communication;
competence in written communication; and
competence in Microsoft Office software packages.

How To Apply

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11

September

2023
**The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence.
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