Bank Analyst

4 days ago


Pretoria, South Africa South African Reserve Bank Full time

The main purpose of this position is to perform prudential oversight of a large banking group through a combination of on
- and off-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
- Perform 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 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 as well as the alignment thereof with industry best practice.
- Analyse and assess the evolving economic and operating environment, and the impact thereof on banks’ risk profiles.
- Monitor and identify 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) and the Regulations relating to Banks.
- Prepare detailed reports based on the outcome of analysis performed.
- Prepare detailed formal feedback to banks following prudential meetings held with banks’ management, executives, boards and board subcommittees.
- Plan, arrange, prepare for and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board subcommittees.
- Present the outcome of ongoing analysis and supervisory assessments to the senior management of the Prudential Authority (PA) 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.

Job Requirements
- a degree in Accounting, Banking, Finance or Risk Management, or a relevant equivalent qualification; and
- five to eight years of relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

- a strong credit risk understanding, knowledge and experience;
- being innovative;
- problem-solving and analytical skills;
- financial and business acumen;
- attention to detail;
- excellent verbal and written communication skills;
- ability to effectively and efficiently manage time;
- proven ability to influence, build and maintain relationships;
- good working knowledge of the Microsoft (MS) Office suite (e.g. MS Word, Excel and PowerPoint) and other related software packages;
- being conversant with the Banks Act, the Financial Sector Regulation Act 9 of 2017 (FSR Act), and related Standards and Regulations;
- knowledge and understanding of the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
- knowledge and understanding of the BCBS’s supervisory framework;
- knowledge of prudential supervision and the supervisory framework applied in South Africa;
- knowledge of basic risk management standards and practices applied by banks and banking groups;
- an understanding of the key issues and risks facing banks and banking groups;
- in-depth knowledge of the business of banks;
- an understanding of the business models applied by banks;
- an understanding of the financial and operating environment of banks; and
- knowledge and understanding of corporate governance as well as risk management best practices and standards.

How To Apply

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**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.
**Ms Sarah Molomo
***Senior Manager: Recruitment and Selection
***Human Resources Department
***South African Reserve Bank
Currency

ZAR

Amount of Travel

Work At Home


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