Credit Risk Analyst - RSD at South African Reserve Bank

Detailed description

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

• Review and evaluate the strategies, policies, procedures and practices related to credit exposure 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 prudential regulatory requirements applicable to creditrisk.
• Monitor banks’ 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, their auditors and other related parties.
• Interact with external credit assessment institutions when necessary.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• 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 frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) in line with international best practices.
• Develop internal policies and processes for supervising credit risk in regulated financial institutions.
• Participate in international and domestic related forums in the establishment of regulations pertaining to credit risk.
• Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

QUALIFICATIONS

To be considered for this position, candidates must have:

• A Postgraduate qualification in Commerce, Accounting, Financial Risk, Financial Management, Risk Management or Banking); and
• five to eight years’ relevant working experience in the financial, banking or regulatory sector or in a financial risk management environment.

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.