Divisional Head Conglomerate Supervision-FCSD needed at South African Reserve Bank

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Job title : Divisional Head Conglomerate Supervision-FCSD

Job Location : Gauteng, Pretoria

Deadline : July 13, 2024

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Detailed description

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

  • Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision. 
  • Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
  • Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
  • Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
  • Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs; 
  • Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division; 
  • Identify, assess and escalate key risks, and react to key indicators of risks within the department;
  • Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division; 
  • Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
  • Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
  • Manage the operationalization and implementation of decision-making frameworks, protocols and procedures; 
  • Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
  • Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
  • Manage the performance and development of direct reports;
  • Create a performance culture in the division; and
  • Coach and manage the career development of employees in the division.

QUALIFICATIONS

Job requirements

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

  • at least a Postgraduate Degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
  • at least ten 10 – 12 years’ experience in the insurance sector or insurance-related supervision
  • five (5) years in a senior management position with people management responsibilities.

Additional requirements include:

Job related knowledge:

  • General management;
  • The financial sector, specifically insurance and the securities industries;
  • Financial management;
  • Corporate governance and risk management practices and standards;
  • The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles; 
  • The Solvency Assessment & Management (SAM) Framework;
  • The Basel III Capital Framework;

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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