(1696) Bank Analyst

Detailed description

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.