(971) Asset & Liability Management Risk Analyst needed at South African Reserve Bank

Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Supervision

• Review and evaluate insurance firms’ ALM frameworks and reports and their ability to manage ALM-related risks.
• Provide expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Conduct on- and off-site reviews of ALM-related risks for the insurance sector. 
• Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions. 
• Provide specialist support with respect to ALM-related risks within the Prudential Authority (PA).
• Stay abreast of international best practices and developments surrounding ALM-related risks.
• Inform the PA regarding the aggregate behaviour of insurers regarding ALM-related risks.
• Ensure that the own risk and solvency assessment (ORSA) process adequately captures ALM-related risks.
• Assist with the development of internal policies and processes for supervising ALM-related risks.
• Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.
• Assist with the development of internal policies and processes for supervising ALM-related risks.
• Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.

Job Requirements

To be considered for this position, candidates should have: 

• a Postgraduate qualification in Risk Management, Finance, Accounting or Auditing; and
• five to eight years’ applicable experience in the insurance or financial sector or within risk management.