Head, Prudential Regulation-TCM: Regulatory Impact and Strategy Unit at Standard Bank Group

Job description

Job Purpose

The impact of post-crisis regulation is high in magnitude and complexity and significantly impacts commercial banks’ business and operations. The Regulatory Impact and Strategy Unit (RISU) was setup to enable SBG to take a strategic approach to its internal regulatory response and to efficiently and effectively deal with the breadth and complexity of regulation.

The overall objective of RISU is as follows:

• To facilitate the strategic positioning of SBG in the light of the significant impact of emerging regulation on the financial services industry and the imperative for banks and insurance entities to reposition themselves.
• To ensure that the business response to high impact regulation is comprehensive and all high priority Group initiatives are identified and ownership confirmed.
• The purpose of this role is to support the group by providing direction for the financial impact assessment of new and emerging regulations and the identification and delivery of appropriate initiatives in order to fulfil the overall objectives and mandates of the team. This includes engagement with both internal as well as external stakeholders.

Key Responsibilities/Accountabilities

• The impact analysis and pro-active positioning of emerging prudential regulations for the group
• Managing the impact of the SA Twin Peaks framework from a prudential perspective on the SBG and SBSA
• Assessing the consolidated implications of the banking and insurance regulations on the SBG from a financial perspective, conduct quantitative impact studies for regulators and industry bodies to be able to ensure the best strategic response for the group and our clients
• Provide input to the SBG position on the SA financial conglomerate framework
• Proactively influence and provide input to SARB ito the alignment of prudential regulations of financial service providers as part of the SA Twin Peaks adoption
• Optimise the prudential framework for the countries in Africa Regions that we operate in and provide support to in-country CE/CFO and compliance on new regulatory developments (liaise with Group Compliance and other TCM teams in this context)
• Conduct awareness workshops with relevant business areas and general training on relevant regulatory topics to enable business, risk and finance resources to effectively engage with clients and other stakeholders
• Represent the SBG on key international and local industry forums such as BASA and IIF to present regulators and standard setting bodies with relevant information and thus influence the final regulations

Preferred Qualification and Experience

• Qualified CA (SA) or other relevant financial management degree with 5-10 years working experience within a bank essential.
• Experience in the adoption of prudential regulation such as Basel II / III.
• Experience in treasury management, capital and/or liquidity management or finance.
• Project co-ordination experience ideal.

Knowledge/Technical Skills/Expertise

• Sound understanding of the South African prudential framework and regulations (knowledge of other jurisdictions ideal but not essential).
• Knowledge of global and local banking emerging regulation knowledge essential.
• Knowledge of the banking environment, products/services/structure and treasury management essential.
• Advanced computer literacy.
• Experienced user of Microsoft Word, Excel, Power-Point.