Associate Credit Risk Analyst (X2) at South African Reserve Bank

• The purpose of this position is to realise the responsibilities of the Risk Support Department (RSD) of the Prudential Authority (PA) in respect of the supervision and regulation of credit risk in banks, insurers and financial market infrastructures (collectively referred to as regulated financial institutions). This includes being involved in operational duties associated with on- and off-site analysis as well as being part of a team of risk specialists who are responsible for providing specialist knowledge, skills and experience in the credit risk management area.

Detailed Description
The successful candidate will, among others duties, be responsible for the following key performance areas:

• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Prepare detailed reports based on the outcome of the analysis performed.
• Ensure regulated financial institutions’ compliance with regulations governing credit risk.
• Monitor exposures to credit risk, as reported to the PA under the standardised and internal ratings-based approaches.
• Provide specialist credit risk support.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Interact with external credit assessment institutions when necessary.
• Participate in the internal capital adequacy assessments of banks.
• Ensure that the own risk and solvency assessment (ORSA) process of insurers adequately captures credit-related risks.
• Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
• Stay abreast of international best practices and developments surrounding credit risk.
• Conduct research and provide input into the regulatory framework (e.g., the Banks Act 94 of 1990, the Regulations relating to Banks, circulars, directives and guidance notes) in line with international best practices.

Job Requirements
To be considered for this position, candidates must have:

• a relevant Bachelor’s degree (e.g. Accounting, Financial Management, Risk Management or Banking) or equivalent NQF level 7 qualification; and
• two to five years’ relevant working experience in the financial/banking/regulatory sector or in risk management.

Additional requirements include:

• knowledge of the risks facing regulated financial institutions;
• knowledge of financial products;
• good working knowledge of Microsoft Office software packages ( i.e. Word, Excel and PowerPoint) and other related software packages;
• innovative analytical/problem-solving skills;
• strong verbal and written communication skills;
• ability to work in a team and contribute to team success;
• decision-making abilities with the ability to initiate action; and
• effective time management skills.