(1135) Senior Prudential Policy Analyst

Brief description

The main purpose of this position is to develop and refine the regulatory frameworks of the Prudential Authority (PA) that support achieving its prudential mandate as outlined in the Financial Sector Regulation Act 9 of 2017 (FSR Act).

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Conduct financial sector prudential policy-related research and analysis to monitor and influence the policy positions of international financial sector standard-setting bodies as well as local policy matters set by National Treasury and the legislator.
• Engage National Treasury, the South African Reserve Bank (SARB), other financial sector regulators, industry and other stakeholders in support of South Africa’s stance on policy and regulatory matters, with a specific focus on financial conglomerates, significant owners, beneficial owners and cross-sector institutions (banks, insurance and market infrastructure).
• Draft prudential policy position papers and regulatory instruments.
• Provide input into and implement the PA’s prudential strategic objectives.
• Analyse the relevance/appropriateness of local and international standards within the context of the PA’s mandate.
• Monitor global prudential policy developments and analyse the impact of these on local regulatory frameworks across the sectors regulated by the FSR Act.
• Adopt and adapt international standards to South African requirements so that they are specific to the local environment while also aligned to international criteria.
• Develop and refine policy positions, regulatory frameworks and regulatory instruments empowered by the FSR Act in the context of the Twin Peaks framework.
• Represent South Africa and influence international standard-setting bodies.
• Represent the PA in Parliament and other forums on policy matters and legislation.
• Be a custodian of the relevant PA policy processes and related governance processes.
• Coordinate and complete international surveys related to the field of expertise.
• Brief the PA Chief Executive Officer (CEO), heads of department, divisional heads and the Prudential Committee on policy positions and regulatory instruments.
• Contribute to and/or draft speeches and briefing notes for the PA CEO, the SARB Governor and Deputy Governors as well as any other PA staff member on specialist topics so that the PA/SARB view is represented locally and internationally.
• Coordinate the PA’s house view in collaboration with the SARB and other regulators.
• Conduct and coordinate ad hoc research on prudential policy related topics.
• Take responsibility for the implementation of all future microprudential matters within the PA’s mandate.