South African Reserve Bank is Recruiting for a Junior Bank AnalystLocation: Pretoria, GautengClosing date: OngoingBrief descriptionThe purpose of this position is to perform prudential oversight of designated registered banking entities forming part of a large banking group through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the financial soundness and sound governance of such banking entities, and ultimately the safety and soundness of the financial sector.Detailed descriptionThe successful candidate will be responsible for the following key performance areas:Exercise supervisory oversight of designated mutual banks, co-operative banks and co-operative financial institutions (CFIs).Analyse and assess the strategies and business models as well as business portfolios of CFIs.Analyse and form a supervisory view of the risks banks are facing and the impact thereof on their risk profiles.Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as the alignment thereof with industry best practices.Analyse and assess the evolving economic and operating environment and the impact thereof on CFIs' risk profiles.Identify and monitor emerging risks and the potential impact thereof on the co-operative banking sector and CFIs, in particular.Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.Assess compliance with the Banks Act 94 of 1990 (Banks Act), the Financial Sector Regulation Act 9 of 2017 (FSR Act), the Mutual Banks Act 124 of 1993 (Mutual Banks Act), the Co-operative Banks Act 40 of 2007 (CBA), the Co-operatives Act 14 of 2005 and Prudential Standard TCFI-01.Prepare detailed reports based on the outcome of analyses performed.Plan, arrange, prepare for and conduct on-site reviews and prudential meetings with banks' management, executives, boards and board subcommittees.Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks' management, executives, boards and board subcommittees.Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of CFIs.Maintain permanent electronic records in respect of banks.Manage correspondence pertaining to CFIs.Undertake ad hoc projects as assigned by management.QualificationsJob requirementsTo be considered for this position, candidates must be in possession of:a postgraduate degree (NQF 8) in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; andup to two years' relevant working experience in a regulatory environment or the financial sector.Additional requirements include:being innovative and accountable;possessing problem-solving and analytical skills;displaying financial and business acumen;paying attention to detail;having excellent verbal and written communication skills;being able to effectively and efficiently manage time;having proven ability to influence, build and maintain relationships;having a good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;being conversant in the CBA, FSR Act and related standards and regulations;having knowledge of prudential supervision and the supervisory framework applied in South Africa;having knowledge of basic risk management standards and practices applied by banks and banking groups;understanding key issues and risks banks and banking groups face;possessing an in-depth knowledge of the business of banks;understanding the business models applied by and the financial and operating environment of banks;knowing and understanding corporate governance and risk management best practices and standards.
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