Detailed description

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

• Maintain and review the effectiveness of the constitution of the settlement rules and Credit Transfer with Immediate Settlement (CTIS) scheme, including the terms of reference of governance structures and committees.
• Coordinate relevant governance structures/forums for the management of settlement CTIS rules.
• Maintain rule, dispute and working group committee standards and processes.
• Coordinate the review of access criteria for participation in SADC-RTGS and of settlement and CTIS rules (the Beige Book). 
• Coordinate the establishment and review of criteria for the onboarding of multi-currencies onto the SADC-RTGS and SADC-RTGS currencies participation.
• Conduct investigations into matters relating to possible non-compliance with settlement rules and standards and ensure that corrective action is implemented by the responsible stakeholder. 
• Coordinate membership of the settlement scheme and CTIS, including application, registration, onboarding, contracting, participation and offboarding.
• Manage stakeholder engagements and relationships (internal and external) to support and enhance the sustainability and growth of SADC-RTGS participation, including marketing and creating awareness of participation in the system.
• Conduct activities in support of the SADC-RTGS operator on governance requirements, including ensuring alignment with regulation.
• Coordinate commentary and inputs on changes to all regulations and submit to the relevant stakeholder. 
• Coordinate activities relating to rules management to ensure that adequate risk measures and standards are in place to safeguard the SADC-RTGS operations.
• Review and align settlement/scheme rules with new products or services introduced by the SADC-RTGS operator. 
• Stay abreast of current developments to contribute to the strategy of the division and ensure the application thereof (e.g. changes to policies, rules and regulations, legislation and systems).
• Compile reports for review by management for governance, compliance, operational performance and decision-making purposes.  

Qualifications

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

• a minimum of an Honours degree in Finance, Law or Risk Management; and
• five to eight years’ experience in a banking, payments, settlement, legal, compliance and risk management environment.