The successful candidate will be responsible for the following key performance areas:
Conduct supervisory oversight of designated banks and participate in supervisory practices, including:
analysing and assessing the strategies, business models and business portfolios of banks;
analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles;
plan, arrange, prepare for, and conduct meetings;
assessing compliance with the Mutual Banks Act 124 of 1993, Regulations relating to Mutual Banks, Co-Operative Banks Act, Regulations relating to Co-Operative Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements;
analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices;
contributing to and participate in risk-based meetings with banks and their auditors; and
preparing detailed reports based on the outcome of the analysis performed.
Review, analyse and evaluate the banks’ risk management processes, including its capital management.
Review and evaluate financial entities’ recovery plans.
Analyse and interpret regulatory returns for regulated entities.
Conduct research and provide input into the regulatory framework (e.g. Mutual Banks Act 124 of 1993, Regulations relating to Banks, Co-Operative Banks Act, Regulations relating to Co-Operative Banks etc), in line with international best practices.
Interpret and develop amendments to the legislative framework, based on international best practices.
Develop and implement the supervisory review and evaluation process, in line with international best practices.
Manage correspondence and maintain electronic records in line with operational standards.
Contribute towards the attainment of departmental strategic objectives.
Contribute towards the attainment of operational objectives.
Undertake ad hoc projects as assigned by management.
Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank.
