Bank Analyst

Detailed description

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

• Supervisory oversight of designated financial conglomerates, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Assess and analyse the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks facing banks 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 and the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles. 
• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, 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 and the Regulations relating to Banks. 
• Prepare detailed quantitative and qualitative reports based on the outcome of analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.
• Maintain permanent electronic records in respect of banks.
• Manage correspondence pertaining to banks.
• Undertake ad hoc projects as assigned by management.
• Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Qualifications

Job requirements:

To be considered for this position, candidates must have:

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

Additional requirements include:

• innovative;
• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills; 
• ability to effectively and efficiently manage time; 
• proven ability to influence, build and maintain relationships; 
• good working knowledge of the Microsoft Office suite and other related business and analytical software packages;
• conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related Standards and Regulations;
• knowledge and understanding of the Basel Committee on Banking Supervision’s Core Principles for Effective Banking Supervision;
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks facing banks and banking groups;
• an understanding of the business models applied by, and the financial and operating environment of banks; and
• knowledge and understanding of corporate governance standards as they relate to financial firms.