Senior (Prudential) Policy Analyst

Gauteng, Full Time Deadline: Not specified

Brief Description

The main purpose of this role is to conduct financial sector prudential policy-related research and analysis in order to monitor and influence the policy positions of international financial sector standard-setting bodies as well as local policy matters set by National Treasury and the legislator. Deliverables will include guiding and engaging with National Treasury, the South African Reserve Bank (SARB), financial sector regulators, industry and other stakeholders on supporting the South African stance on policy matters and then drafting PA policy documents and regulatory instruments.

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

Implement the PA’s micro-prudential regulatory strategic objective.
Analyse the relevance/appropriateness of international standards in the highly specialised field of banking, including mutual banking, co-operative banking and co-operative financial institutions.
Provide input on policy and regulatory matters within the mandate of the PA, and not limited to banking.
Develop and refine policy tools and frameworks on banking in the context of the Twin Peaks framework.
Administer and implement prudential policy and prudential policy tools.
Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
Analyse domestic and global regulation and the impact of these in the fields of banking, insurance and financial market infrastructures with a specific focus on banking.
Monitor global prudential policy implementation frameworks and the impact of these on local regulatory frameworks.
Provide highly specialised and detailed regulatory frameworks on prudential regulation in a Twin Peaks framework, as well as on the regulatory framework of banking, insurers, financial market infrastructures and financial inclusion, with a specific focus on banking.
Draft regulatory frameworks and instruments.
Influence international standard-setting bodies.
Represent the Prudential Authority (PA) in Parliament and other fora on policy matters and legislation.
Adopt and adapt international standards to South African requirements in order to be purpose specific in the Republic, yet compliant with international criteria.
Be a custodian of the PA policy process and related governance processes.
Coordinate and complete international surveys related to the field of expertise.
Provide input into the memoranda of understanding with other financial sector regulators such as the Financial Sector Conduct Authority, the National Credit Regulator, Financial Intelligence Centre as well as the SARB.
Brief Divisional Heads, Heads of Department, the Chief Executive Officer (CEO), Governor and Deputy Governors on policy positions and regulatory instruments.
Represent the PA at various public fora (training, lecturing, presentations at conferences, etc.).
Coordinate the PA ‘House View’ in collaboration with the SARB and other regulators.
Conduct and coordinate ad hoc research on prudential-related topics.
Draft speeches for the CEO, Governor and Deputy Governors on specialist topics.
Prepare briefings on specialist topics for the CEO, Governor and Deputy Governors as well as Heads of Department to represent the PA/SARB view locally and internationally.
Take responsibility for the implementation of all future micro-prudential matters within the mandate of the PA.

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

a post-graduate (NQF 8) degree in Accounting, Banking or Economics, Finance, Insurance and Law (preferable); and
at least eight years’ relevant experience in the financial sector.

Additional requirements include:
having knowledge of and skills in:

the financial sector;
corporate governance and risk management practices and standards;
international principles on financial market infrastructures;
insurance core principles, solvency II or solvency assessment and management;
banking core principles, Basel III;
problem-solving and analysis;
planning and organising;
verbal and written communication; and
financial and business acumen;
being a self-starter and a strong team player;
paying keen attention to detail; and
being uncompromising in maintaining confidentiality.