SARB Junior Bank Analyst

South African Reserve Bank: Junior Bank Analyst

The main purpose of this position is to perform prudential oversight of designated registered banks through off-site and on-site monitoring, analysis, and supervision, thereby contributing to the financial soundness and sound governance of such entities and the safety and soundness of the financial sector.

Responsibilities:

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

• Provide oversight of designated banks and participate in supervisory practices.
• Analyse and assess the strategies, business models, and business portfolios of banks.
• Analyse, monitor, and form a view of the risks banks are exposed to (i.e. credit, liquidity, market, capital, and operational risks) and the impact thereof on their risk profiles.
• Assess compliance with the Banks Act 94 of 1990 (Banks Act), Financial Sector Regulation Act 9 of 2017 (FSR Act), Regulations relating to Banks, and all prudential and regulatory requirements.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.
• Analyse and interpret financial and risk information, including risk-based regulatory data submissions and their alignment to industry best practices.
• Contribute to and participate in risk-based meetings with banks and their auditors.
• Prepare detailed reports based on the outcomes of analyses.
• 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.

Requirements:

To be considered for this position, candidates must be in possession of:

• A postgraduate qualification (NQF 8) in Accounting, Banking, Economics, Finance, Risk Management, or a relevant equivalent qualification; and
• Two years’ relevant working experience in a regulatory environment or the financial sector.

Skills and Competencies:

• Problem-solving and analytical skills;
• Financial and business acumen;
• Attention to detail;
• Verbal and written communication skills;
• Time management skills;
• Good working knowledge of the Microsoft Office suite (Word, Excel, and PowerPoint) and other related software packages;
• Knowledge of the Banks Act, FSR Act, and related standards and regulations;
• Knowledge and understanding of the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• Knowledge and understanding of the BCBS’s supervisory framework;
• Knowledge of prudential supervision and the supervisory framework applied in South Africa;
• Knowledge of basic risk management standards and practices applied by banks and banking groups;
• An understanding of key issues and risks banks and banking groups are facing;
• In-depth knowledge of the business of banks;
• An understanding of the business models applied by banks and their financial and operating environment;
• Knowledge and understanding of corporate governance and risk management best practices and standards.