Detailed description

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

• Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) in line with international best practices.
• Stay abreast of international best practices and developments surrounding credit risk.
• Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Prepare detailed reports based on the outcome of the analysis performed.
• Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
• Provide specialist credit risk support.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Interact with external credit assessment institutions when necessary.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

To be considered for this position, candidates must have:

• a relevant Postgraduate qualification (NQF 8) in Accounting, Financial Management, Risk Management or Banking); and
• two to five years’ relevant working experience in the financial/banking/regulatory sector or in risk management.