Job Description

Brief description

The main purpose of this position is to manage a team of market risk specialists within the Market Risk Division in the Prudential Authority (PA) at the South African Reserve Bank (SARB). The scope of this position spans market risk, counterparty credit risk, margin requirements and other areas deemed appropriate across insurers, financial market infrastructures and other relevant financial institutions impacted by specific cross-sectoral regulations or market initiatives falling within the scope of the division.

Detailed description

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


Conceptualise, monitor and manage operational work plans drawn from the division's strategy (primarily focused on markets analysis, regulation and supervision), and provide managerial direction, leadership and technical guidance to a team of market risk specialists. Perform supervisory duties for relevant areas and financial institutions, including assessing compliance with applicable regulations and standards. Develop fit-for-purpose regulatory instruments, including subsequent attendance to all post-implementation matters. Conduct quantitative and qualitative research, and develop and implement appropriate analytical techniques, procedures and controls to enhance regulatory capability and supervisory depth. Work collaboratively on relevant initiatives with other teams within and outside of the division, including providing expert technical input to supervisory teams, policy development specialists and other stakeholders. Manage stakeholder engagements and relationships (internal and external to the PA). Manage team performance, learning and development, succession planning and talent development. * Identify and mitigate risks related to own function, and ensure compliance with relevant governance frameworks.