The posting
Job Description
Detailed description
The successful candidate will be responsible for, among other tasks, the following:
- Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated banks, banking groups, and related financial entities, including the operational alignment of supervisory programmes and supervisory activities.
- Provide thought leadership within the Financial Conglomerate Supervision Department of the Prudential Authority (PA) and support the relevant Divisional Head in achieving the department’s strategic and operational objectives.
- Provide technical assistance and guidance to a team of analysts.
- Manage the team’s deliverables, including team member work plans, resource allocation and workload management, team processes and systems, and change and innovation initiatives in the team.
- Manage the team members’ performance and the team’s overall performance.
- Manage talent in the team, including the learning and development of team members, and team member retention and succession planning.
- Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank (SARB) and ensure compliance with PA-specific procedural policies and guidelines.
- Contribute to special projects in the PA.
Qualifications
Job requirements
To be considered for this position, candidates must be in possession of:
- a postgraduate degree in Accounting, Banking, Economics, Finance, Insurance or any other relevant field;
- at least eight years’ experience in the financial services or financial regulatory sector; and
- at least two years’ proven experience in managing a team.
Additional requirements include:
- knowledge and understanding of the Basel Core Principles for Banking Supervision;
- a working knowledge of the various pieces of legislation and related supervisory frameworks applicable to banking institutions registered in South Africa and related entities;
- an understanding of the key issues and risks facing banking institutions registered in South Africa and related entities;
- knowledge and understanding of good corporate governance principles and practices;
- knowledge of and experience in the financial system, financial products, and related risk models and systems;
- a sound theoretical and practical understanding of the Basel framework;
- knowledge of relevant risk management practices and standards applied within the banking industry;
- thought leadership skills;
- problem-solving and analytical skills;
- financial and business acumen;
- people management skills; and
- proven ability to influence, build and maintain relationships.
About Us
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.



