Brief description:
The purpose of this position is to realise the responsibilities of the Bank Supervision Department (BSD) of the South African Reserve Bank in respect of the supervision and regulation of risk ensuing from the management of market risk in banks. The successful candidate will be involved in supervision, oversight, management and operational duties associated with on- and off-site analysis.

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

Supervision
• Overseeing, managing and participating in supervisory practices, including
– understanding banks’ strategies and business models in the relevant environments to which the above-mentioned risks relate;
– monitoring banks’ market risk, counterparty credit risk and equity risk;
– ensuring banks’ compliance with regulations governing these risks;
– inspecting banks’ risk management practices with respect to market, counterparty credit and equity risk;
– analysing banks’ assumptions, back-testing and stress-testing practices with regard to market, counterparty credit and equity risks;
– evaluating banks’ internal models for management of these risks;
– providing specialist support in market risk, counterparty credit risk and equity risk to BSD analysts;
– participating in internal capital-adequacy assessments of banks;
– contributing to risk-based meetings with banks and their auditors;
– developing analytical methods to analyse and interpret risk-based regulatory data submissions; and
– informing the BSD of the aggregate behaviour of banks in these risk areas.
Regulation
• Ensuring the development and maintenance of regulations and instructions governing statutory requirements for market, counterparty credit and equity risks
• Ensuring the development of internal policy and processes for supervising market, counterparty credit and equity risk.
Training
• Ensuring widespread understanding throughout the BSD of the concepts and developments in the fields of the above-mentioned risks
Job requirements


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

• Post-Graduate Degree in Finance/ Accounting/ Insurance/ Banking/ Economics/ Mathematics/ Statistics
or equivalent combination of education and job-related experience.

Experience
• Between 8 and 10 years of experience in the Banking/ Financial sector or Market Risk Management
environment, with at least five (3) years in a management role.

The following would be an added advantage:
• postgraduate qualification in the aforementioned; or
• Finance, CFA, FRM or a Chartered Accountant CA (SA) qualification

Job related knowledge:
• Understanding of the Basel Core Principles for Banking Supervision,
• Working knowledge of the Banks Act and associated laws and regulations,
• Recognition of IAIS and IOSCO principles and standards, and Insurance Acts

Job related skills and attributes
• Thought leadership
• Problem solving and analysis
• Financial and business acumen
• Influencing, building and maintaining relationships