(1890) Lead - Regulatory Finance -PSIS

The main purpose of this position is to implement and embed the Financial Sector Regulation Act 9 of 2017 and the Financial Sector and Deposit Insurance Levies Act 11 of 2022, and to ensure effective and adequate implementation measures in line with National Treasury requirements while working within the established operational processes, governance structures, frameworks and policies of the South African Reserve Bank Group (SARB Group).
The successful candidate will be responsible for the following key performance areas:
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Provide input into strategic and operational scorecards as it pertains to regulatory finance for the Prudential Authority (PA).
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Implement Chapter 16 and other financial provisions of the Financial Sector Regulation Act 9 of 2017.
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Consult on and propose levies in accordance with the Financial Sector and Deposit Insurance Levies Act 11 of 2022.
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Consult internally and externally each year on the Chapter 16 budget, two-year expenditure forecast and budget explanatory note.
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Develop conceptual and formal submissions for tabling at the SARB and PA executive governance structures.
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Drive and manage the regulatory public consultation process on the regulatory finance proposals with industry and provide the prudential regulator’s feedback for governance purposes.
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Facilitate the tabling of the PA regulatory and operational budget, two-year expenditure forecast, budget explanatory note and comprehensive summary of the public consultation process at the PA and SARB governance structures.
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Develop the PA’s regulatory submission to Parliament and National Treasury for tabling in Parliament.
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Analyse and understand the business environment to contribute meaningfully to an optimised PA funding model and its continued sustainability.
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Calculate, consolidate, validate, maintain and report on the levies, fees and relevant regulatory progress to the relevant PA governance structures.
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Monitor, control and report legislative and regulatory changes in the prudential regulation sector relating to levies and fees charged to supervised financial institutions.
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Engage the Financial Sector Conduct Authority (FSCA) on levies and fees as well as collaborate on data-sharing.
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Manage the performance and development of the team
The following would be an advantage:

• a certified and professional financial registration; and
• registration as a Chartered Accountant.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continuous learning and/or professional development knowledge and skill;
• finance strategy knowledge and skill;
• finance legislation and governance, risk and compliance knowledge and skill;
• finance project management knowledge and skill;
• financial forecasting and budgeting knowledge and skill;
• financial accounting knowledge and skill; and
• regulatory compliance proven competencies – financial preferred.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.