Bank Analyst

SUMMARY:
Job title: Bank Analyst
Brief description:
The purpose of this position is to perform prudential oversight on designated registered banking entities through a combination of on-site and off-site monitoring, analyses and supervision, thereby contributing to the financial and governance soundness of financial institutions.

POSITION INFO:
Detailed description:
The successful candidate will be responsible for the following key performance areas:

• Assess and understand the strategy and business model of the bank.
• Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on the bank’s risk profile.
• Identify and monitor emerging risks to the banking sector in general and the bank in particular.
• Assess compliance with the Banks Act 94 of 1990, Co-operative Banks Act 40 of 2007, Mutual Banks Act 124 of 1993 and the Regulations relating to Banks.
• Prepare detailed reports based on the outcome of the analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks’ management, executives and board members.
• Plan, arrange, prepare for and conduct meetings.
• Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank.
• Maintain permanent electronic records in respect of the bank.
• Undertake ad hoc projects as assigned by management.
• Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank.

• A Postgraduate qualification (NQF 8) in Commerce, Economics, Finance, Compliance Management, Risk Management, or Accounting.
• Five to eight years’ experience in the banking sector, finance sector, regulatory sector, or risk management environment.
• A chartered accountant CA(SA) or Associate General Accountant AGA (SA) qualification would be an added advantage.

• Financial reporting standards.
• Business protocol.
• Business models applied by banks and the financial and operating environment of banks.
• Relevant risk management standards and practices.
• Legislation relating to banks.
• The banking system, financial and banking products, regulations and risk models.
• The Basel Committee on Banking Supervision’s (BCBS) capital framework and the Basel Core Principles at a theoretical level.
• Prudential supervision and the supervisory framework applied in South Africa; and key issues facing banks.
• Skills in analysing the business of banks.
• Innovative problem-solving skills.
• Strong analytical, verbal and writing skills and proficiency in verbal and written communication; and good interpersonal skills.