Lead Policy Analyst

2 days ago


Pretoria, South Africa South African Reserve Bank Full time

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 and regulatory matters.

Detailed Description
- Implement the South African Reserve Bank’s micro-prudential regulation and supervision strategic objective.
- Analyse relevance/appropriateness of international standards in highly specialised fields in prudentially regulated financial institutions (financial institutions include, but are not limited to, banking, insurance and financial market infrastructures, with a specific focus on sustainable finance).
- Develop/refine policy tools/regulatory frameworks for all prudentially regulated financial institutions.
- 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 on prudentially regulated financial institutions.
- 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 banks, insurers, financial market infrastructures, and other prudentially regulated financial institutions, with specific focus on sustainable finance.
- Draft regulatory frameworks and instruments.
- Influence international standard-setting bodies.
- Represent the Prudential Authority (PA) in Parliament and other fora on policy matters, legislation and regulatory instruments.
- Adopt and adapt international standards to South African requirements in order to be purpose specific in the Republic, yet compliant with international criteria.
- Be the custodian of the Prudential Authority Policy Panel and Policy Working Group and related governance processes, ultimately the Prudential Committee of the PA.
- Coordinate and complete international surveys.
- Execute the objectives and functions of the PA based on specialist knowledge of the Financial Sector Regulation Act 9 of 2017.
- Draft regulatory strategy in order for the PA to fulfil its objectives and functions stipulated in the Financial Sector Regulation Act;
- Draft and maintain memorandums 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, Governor and Deputy Governors on policy positions on specialised topics, with a specific focus on sustainable finance.
- 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 Governor 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 objectives and functions of the PA as amended from time to time.

Job Requirements
- a Post-graduate degree in Actuarial Science, Economics, Finance, Law or Statistics; and
- 12 years’ experience in the financial sector, with specific experience in sustainable finance.

**Additional requirements include:
**- financial sector experience, specifically sustainable finance;
- corporate governance and risk management practices and standards;
- international knowledge on sustainable finance;
- 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;
- financial and business acumen;
- team player;
- self-starter;
- attention to detail and
- confidentiality.

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