(1887) Associate Bank Analyst - FCSD

South African Reserve Bank · Pretoria

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Brief description

The purpose of this position is to perform prudential oversight of designated registered banking entities forming part of a financial conglomerate 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 conglomerate.

Detailed description

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

  • Supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).

  • Assess and analyse the strategies and business models of banks.

  • Analyse and assess the business portfolios of banks.

  • Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.

  • Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks and 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.

  • Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.

  • Assess compliance with the Banks Act 94 of 1990, the Regulations relating to Banks, Financial Sector Regulation Act and other relevant legislation.

  • Prepare detailed reports based on the outcome of analysis performed.

  • Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.

  • Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held 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.

  • Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

WHAT WE DO

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.


Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.

Brief description The purpose of this position is to perform prudential oversight of designated registered banking entities forming part of a financial conglomerate 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 conglomerate

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