(1279) Divisional Head – Enforcement and Resolution at South African Reserve Bank

Company:

South African Reserve Bank

South African Reserve Bank

Industry: Banking / Financial Services

Deadline: Not specified

Job Type: Full Time

Qualification: Bachelors, Masters

Experience: 10 – 12 years

Province: Gauteng

City: Pretoria

Field: Law / Legal

Detailed description

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

  • Contribute to the development of the departmental strategy and take responsibility for the division’s operational plan.
  • Plan and prioritise work to achieve the division’s objectives and manage the use of resources to increase efficiency, as required.
  • Lead the division in developing, reviewing and implementing the framework, guidelines and procedures for the consistent enforcement of regulatory instruments in respect of PA-regulated financial institutions. 
  • Lead the division in developing, reviewing and implementing a resolution framework for non-systemically significant financial institutions regulated and supervised by the PA. 
  • Instil a pre-emptive, risk-based and outcomes-focused approach to enforcement and resolution.
  • Manage the development and refinements to the PA Regulatory Action Committee’s (PARAC) terms of reference and procedures to ensure optimal functioning of the PARAC, as and when required. 
  • Lead and drive the delivery of work in the division relating to assessing the appropriateness of recommended sanctions and enforcement decisions to enable effective decision-making by the PARAC.
  • Recommend an appropriate resolution strategy in respect of financial institutions in financial distress, in collaboration with relevant stakeholders and in accordance with applicable financial sector laws. 
  • Lead and direct engagements with external stakeholders for monitoring international and domestic developments, and assess their relevance and applicability to the work of the division.
  • Establish and maintain strategic direction and focus within the division, ensuring alignment with the South African Reserve Bank’s (SARB) mandate as well as compliance with relevant frameworks and legislation.
  • Contribute to the PA and SARB’s strategic initiatives, especially those with a direct impact on the division, and encourage collaboration within the division, the department and across the other PA departments. 
  • Direct and coordinate the division’s budget, governance, control and risk management activities to maximise efficiency and effectiveness as well as ensure that risks are identified, assessed and mitigated timeously.
  • Manage the performance and development of direct reports, create a performance culture in the division, and promote and support career management and development. 
  • Monitor, evaluate and report on the division’s performance outputs and achievements.
  • Lead change by creating and maintaining a culture that reflects the SARB’s values and promotes diversity and inclusion in the workplace.

Job requirements

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

  • a postgraduate degree (NQF 8) in Law, Compliance, Risk Management, Finance, Auditing or Accounting, or an equivalent qualification; and 
  • a minimum of 10 to 12 years’ experience in financial sector regulation or in a similar environment, with at least five years’ experience in a managerial role.

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