<h3><strong>&lpar;619&rpar; Bank Analyst-BISD<&sol;strong><&sol;h3>&NewLine;<p style&equals;"font-style&colon; inherit&semi; font-weight&colon; inherit&semi;" data-bind&equals;" class&colon; customizationParams&period;commonParams&period;cssClass&comma; attr&colon; &lbrace; id&colon; customizationParams&period;commonParams&period;cssId &rcub;&comma; customStyles&colon; customizationParams&period;commonParams&comma; "><strong>Pretoria&comma; South Africa<&sol;strong><&sol;p>&NewLine;<p data-bind&equals;" class&colon; customizationParams&period;commonParams&period;cssClass&comma; attr&colon; &lbrace; id&colon; customizationParams&period;commonParams&period;cssId &rcub;&comma; customStyles&colon; customizationParams&period;commonParams&comma; ">&NewLine;<h2 style&equals;"font-style&colon; inherit&semi; font-weight&colon; 500&semi;" data-bind&equals;"i18n&colon; 'job-details&period;job-description-title'"><strong>JOB DESCRIPTION<&sol;strong><&sol;h2>&NewLine;<p><strong>Brief description<&sol;strong><&sol;p>&NewLine;<p><strong>The purpose of this position is to perform prudential oversight on designated registered banking entities through a combination of on-site and off-site monitoring&comma; analyses and supervision&comma; thereby contributing to the financial and governance soundness of financial institutions&period;<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>Detailed description<&sol;strong><&sol;p>&NewLine;<p><strong>The successful candidate will be responsible for the following key performance areas&colon;<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li><strong>Assess and understand the strategy and business model of the bank&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Analyse and assess the evolving economic and operating environment and the impact thereof on the bank’s risk profile&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Identify and monitor emerging risks to the banking sector in general and the bank in particular&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Assess compliance with the Banks Act 94 of 1990&comma; Co-operative Banks Act 40 of 2007&comma; Mutual Banks Act 124 of 1993 and the Regulations relating to Banks&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Prepare detailed reports based on the outcome of the analysis performed&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks’ management&comma; executives and board members&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Plan&comma; arrange&comma; prepare for and conduct meetings&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank&period; <&sol;strong><&sol;li>&NewLine;<li><strong>Maintain permanent electronic records in respect of the bank&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Undertake ad hoc projects as assigned by management&period;<&sol;strong><&sol;li>&NewLine;<li><strong>Undertake frequent&comma; often high-level liaison with the bank and other interest groups&comma; such as the external auditors of the bank&period; <&sol;strong><&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<h2 style&equals;"font-style&colon; inherit&semi; font-weight&colon; 500&semi;" data-bind&equals;"i18n&colon; 'job-details&period;job-qualifications-title'"><strong>QUALIFICATIONS<&sol;strong><&sol;h2>&NewLine;<p><strong>Job requirements<&sol;strong><&sol;p>&NewLine;<p><strong>To be considered for this position&comma; candidates must have&colon;<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li><strong>a Postgraduate qualification &lpar;NQF 8&rpar;  in Commerce&comma; Economics&comma; Finance&comma; Compliance Management&comma; Risk Management&comma; or Accounting&semi; <&sol;strong><&sol;li>&NewLine;<li><strong>five to eight years’ experience in the banking sector&comma; finance sector&comma; regulatory sector&comma; or risk management environment&semi; and<&sol;strong><&sol;li>&NewLine;<li><strong>a chartered accountant CA&lpar;SA&rpar; or Associate General Accountant AGA &lpar;SA&rpar; qualification would be an added advantage&period;<&sol;strong><&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>Additional requirements include&colon;<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li><strong>knowledge and understanding of&colon;<&sol;strong><&sol;li>&NewLine;<li><strong>financial reporting standards&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>business protocol&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>business models applied by banks and the financial and operating environment of banks&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>relevant risk management standards and practices&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>legislation relating to banks&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>the banking system&comma; financial and banking products&comma; regulations and risk models&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>the Basel Committee on Banking Supervision’s &lpar;BCBS&rpar; capital framework and the Basel Core Principles at a theoretical level&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>prudential supervision and the supervisory framework applied in South Africa&semi; and<&sol;strong><&sol;li>&NewLine;<li><strong>key issues facing banks&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>skills in analysing the business of banks&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>innovative problem-solving skills&semi;<&sol;strong><&sol;li>&NewLine;<li><strong>strong analytical&comma; verbal and writing skills and proficiency in verbal and written communication&semi; and<&sol;strong><&sol;li>&NewLine;<li><strong>good interpersonal skills&period;<&sol;strong><&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><span style&equals;"font-style&colon; inherit&semi;">In line with the SARB’s commitment to diversifying its workforce&comma; preference will be given to suitable candidates from designated groups&period; People with disabilities are welcome to apply&period;<&sol;span><&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><span style&equals;"font-style&colon; inherit&semi;">The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market&period; The level at which the successful applicant will be appointed will depend on his&sol;her competence and experience&period;<&sol;span><&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<h2 style&equals;"font-style&colon; inherit&semi; font-weight&colon; 500&semi;" data-bind&equals;"i18n&colon; 'job-details&period;employer-description-title'"><strong>ABOUT US<&sol;strong><&sol;h2>&NewLine;<p><strong>About SARB<&sol;strong><&sol;p>&NewLine;<p><strong>Primary mandate of the SARB<&sol;strong><&sol;p>&NewLine;<p><strong>Section 224 of the Constitution of South Africa states the mandate of the SARB as follows&colon;<&sol;strong><&sol;p>&NewLine;<p><strong>The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic&period;<&sol;strong><&sol;p>&NewLine;<p><strong>The South African Reserve Bank&comma; in support of its primary objective&comma; must perform its functions independently and without fear&comma; favour or prejudice&period;<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>WHAT WE DO<&sol;strong><&sol;p>&NewLine;<p><strong>Monetary Policy<&sol;strong><&sol;p>&NewLine;<p><strong>The Constitution gives the SARB the mandate to protect the value of the rand&period; We use interest rates to keep in&fllig;ation low and steady&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Financial Stability<&sol;strong><&sol;p>&NewLine;<p><strong>The SARB has a mandate to protect and enhance &filig;nancial stability&period; We identify and mitigate systemic risks that might disrupt the &filig;nancial system&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Prudential Regulation<&sol;strong><&sol;p>&NewLine;<p><strong>The Prudential Authority regulates &filig;nancial institutions and market infrastructures to promote and enhance their safety and soundness&comma; and support &filig;nancial stability&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Financial Markets<&sol;strong><&sol;p>&NewLine;<p><strong>Open market operations are the main tool we use to implement monetary policy&period; We manage South Africa’s gold and foreign exchange reserves&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Financial Surveillance<&sol;strong><&sol;p>&NewLine;<p><strong>The SARB is responsible for regulating cross-border transactions&comma; preventing the abuse of the financial system and supporting the regulation of financial institutions&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Payments and Settlements<&sol;strong><&sol;p>&NewLine;<p><strong>The SARB is responsible for ensuring the safety and soundness of the national payment system&comma; which is the backbone of South Africa’s modern &filig;nancial system&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Statistics<&sol;strong><&sol;p>&NewLine;<p><strong>The SARB provides important economic and &filig;nancial statistics that present an overview of the economic situation in South Africa&period;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>Research<&sol;strong><&sol;p>&NewLine;<p><strong>Research conducted by the SARB focuses on economics&comma; &filig;nancial stability&comma; banking and emerging trends in &filig;nance&period; Our research supports policy decision-making&period;<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>Banknotes and Coin<&sol;strong><&sol;p>&NewLine;<p><strong>The SARB has the sole right to make&comma; issue and destroy banknotes and coin in South Africa&period;<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p data-bind&equals;" class&colon; customizationParams&period;commonParams&period;cssClass&comma; attr&colon; &lbrace; id&colon; customizationParams&period;commonParams&period;cssId &rcub;&comma; customStyles&colon; customizationParams&period;commonParams&comma; "><strong><a class&equals;"maxbutton-1 maxbutton" href&equals;"https&colon;&sol;&sol;fa-evra-saasfaprod1&period;fa&period;ocs&period;oraclecloud&period;com&sol;hcmUI&sol;CandidateExperience&sol;en&sol;sites&sol;SARB&sol;requisitions&sol;preview&sol;619&sol;&quest;mode&equals;location"><span class&equals;'mb-text'>CLICK HERE TO APPLY<&sol;span><&sol;a> <&sol;strong><&sol;p>&NewLine;

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