Brief description
The purpose of this position is to perform prudential oversight on designated registered banking entities through a combination of on-site and off-site monitoring, analyses and supervision, thereby contributing to the financial and governance soundness of financial institutions.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Assess and understand the strategy and business model of the bank.
- Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile.
- Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices.
- Analyse and assess the evolving economic and operating environment and the impact thereof on the bank’s risk profile.
- Identify and monitor emerging risks to the banking sector in general and the bank in particular.
- Assess compliance with the Banks Act 94 of 1990, Co-operative Banks Act 40 of 2007, Mutual Banks Act 124 of 1993 and the Regulations relating to Banks.
- Prepare detailed reports based on the outcome of the analysis performed.
- Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks’ management, executives and board members.
- Plan, arrange, prepare for and conduct meetings.
- Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank.
- Maintain permanent electronic records in respect of the bank.
- 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.
