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Full-time
postgraduate degree
Posted 14d ago
Apply by Aug 13
~40 hrs/week
Responsibilities
The Lead Policy Analyst will draft and implement prudential policy papers and regulatory frameworks in accordance with the FSR Act. They will also conduct research and represent the Prudential Authority at local and international forums to influence policy and ensure financial stability.
Requirements
Candidates must possess a postgraduate degree (NQF 9) in Law, Finance, Accounting, Insurance, or Economics. Additionally, 12 years of experience in the financial, banking, or risk management sectors is required.
Full job description
The successful candidate will be responsible for the following key performance areas:
Implement the Prudential Authority’s (PA) strategic objectives.
Draft prudential policy papers, policy positions and regulatory instruments.
Analyse the relevance/appropriateness of international standards on highly specialised fields in banking, insurance and financial market infrastructures. Specific focus will be on cross-cutting regulatory frameworks derived from the Financial Sector Regulation Act 9 of 2017 (FSR Act) as well as those relating to member-based deposit-taking financial institutions (i.e. mutual banks, cooperative banks and cooperative financial institutions).
Develop and /refine policy tools/frameworks on banking, insurance, financial market infrastructures and all related work in terms of the FSR Act (including fintech policy matters).
Administer and implement prudential policy and regulatory instruments.
Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
Analyse domestic and global regulations and the impact of these on the PA’s regulatory frameworks.
Monitor global prudential policy implementation frameworks and the impact of these on local prudential regulatory frameworks.
Provide highly specialised and detailed regulatory frameworks on prudential regulation in the context of the FSR Act and member-based deposit-taking financial institutions.
Draft prudential and joint regulatory frameworks and instruments.
Influence international standard-setting bodies and possibly represent the PA at such forums.
Represent the PA in Parliament and other forums on policy matters and legislation.
Adopt and adapt international standards to South African requirements to be purpose-specific to South Africa, yet compliant with international criteria.
Be a custodian of the PA policy process and related governance processes.
Coordinate and complete international surveys.
Brief divisional heads, heads of department, the PA Chief Executive Officer (CEO), the SARB Executive and other stakeholders on policy positions on specialised topics.
Represent the PA at various public forums (e.g. training, lecturing and presenting at conferences).
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 and similar documents for the PA CEO and the SARB Executive on specialist topics.
Prepare briefings on specialist topics for the PA CEO, the SARB Executive as well as heads of department to represent the PA/SARB view locally and internationally.
Take ownership and responsibility for the implementation of microprudential matters within the mandate of the PA and in support of the financial stability mandate of the SARB.
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.
The SARB's purpose is to achieve & maintain price stability in the interest of balanced & sustainable economic growth.
Industry
Banking
Company size
1,001-5,000 employees
Founded
1921
Headquarters
Tshwane, Gauteng
LinkedIn followers
300,845
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability".
The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
Offices: 370 Helen Joseph Street, Pretoria, 0001, 373 Madiba Street, Pretoria 0001, Tshwane, Gauteng 2712, ZA
The SARB's purpose is to achieve & maintain price stability in the interest of balanced & sustainable economic growth.
Industry
Banking
Company size
1,001-5,000 employees
Founded
1921
Headquarters
Tshwane, Gauteng
LinkedIn followers
300,845
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability".
The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
Offices: 370 Helen Joseph Street, Pretoria, 0001, 373 Madiba Street, Pretoria 0001, Tshwane, Gauteng 2712, ZA