(1273) Policy Analyst -PSISD

South African Reserve Bank; Pretoria; On-site; ZAR 700,000 - 900,000; Full time

Job summary

A national financial authority is seeking a Policy Analyst in Pretoria to implement microprudential regulations and develop insurance regulatory frameworks. The ideal candidate should possess a postgraduate qualification in Law, Finance, or Economics and have five to eight years of experience in policy research and regulatory drafting. This role influences international standards and requires strong analytical skills.

Qualifications

• Minimum of five to eight years’ experience in conducting policy-related research.
• Proven drafting and analytical skills in the financial sector.

Responsibilities

• Implement the SARB’s microprudential regulation and supervision strategic objectives.
• Analyse developments in international standards affecting the Prudential Authority.
• Draft regulatory frameworks and policy instruments.

Skills

Strong analytical skills

Drafting regulatory instruments

Policy formulation

Practical experience in insurance regulatory environment

Education

Postgraduate qualification in Law, Finance, Economics or equivalent

Job description

Overview

Job title: (1273) Policy Analyst -PSISD

Job Location: Gauteng, Pretoria

Deadline: October 23, 2025

Detailed description

• Implement the SARB’s microprudential regulation and supervision strategic objectives.
• Analyse the relevance and appropriateness of developments in international standards as they impact the mandate of the Prudential Authority (PA).
• Administer and implement prudential policy and prudential policy tools.
• Design and implement cooperation and collaboration mechanisms with the SARB to support financial stability.
• Conduct research based on international best practices and practices in other jurisdictions that are similar to the South African insurance market to better inform the development of a robust insurance regulatory framework for the South African insurance market.
• Analyse domestic and global regulations and their impact in the field of insurance.
• Monitor the implementation of global insurance prudential policy frameworks and their impact on local insurance regulatory frameworks.
• Develop and / or refine insurance regulatory frameworks and insurance policy position instruments within the PA’s mandate.
• Participate in industry engagement sessions as well as engagements with other financial sector regulators and internal stakeholders in the development of insurance regulatory frameworks for the PA.
• Administer and implement prudential policy and prudential policy tools.
• Design and implement cooperation and collaboration mechanisms with the SARB to support financial stability.
• Draft regulatory frameworks and policy instruments.
• Represent South Africa and influence international standard-setting bodies.
• Support senior team members in representing the PA in Parliament and other forums on policy matters and legislation related to insurance.
• Adopt and tailor international standards to suit South African requirements, ensuring they are fit for purpose and compliant with international criteria.
• Be a custodian of the PA Policy Panel and related governance processes, including the secretariat functions, which ultimately report to the Prudential Committee of the PA.
• Coordinate and finalise international surveys.
• Provide input into the regulatory strategy for the PA to fulfil its functions and objectives as stipulated in the Financial Sector Regulation Act 9 of 2017 (FSR Act).
• Draft and assist in maintaining memorandums of understanding with other financial sector regulators such as the Financial Sector Conduct Authority, National Credit Regulator, Financial Intelligence Centre and the SARB.
• Brief divisional heads, heads of department (HoDs), the Chief Executive Officer (CEO), Governor and deputy governors on policy positions regarding specialised topics related to insurance.
• Represent the PA at various public forums such as training, lectures and conferences.
• Coordinate the PA’s ‘house view’ in collaboration with the SARB and other regulators.
• Conduct and coordinate ad hoc research on prudential-related topics.
• Draft speeches for the HoDs, CEO, Governor and deputy governors on specialist topics.
• Prepare briefings on specialist topics for the CEO, Governor, deputy governors and HoDs to represent the PA / SARB view locally and internationally.
• Assist with the implementation of all future microprudential matters within the mandate of the PA.

Job requirements

To be considered for this position, candidates must be in possession of :

• a postgraduate qualification in Law, Finance, Economics or an equivalent qualification; and
• a minimum of five to eight years’ experience in conducting policy-related research, drafting regulatory instruments or formulating policy, with strong analytical skills in a relevant field.

The following would be an added advantage :

• practical experience within the insurance regulatory environment; and
• practical experience in conducting research, and proven drafting and analytical skills in the financial sector.
• knowledge of the financial sector, specifically insurance core principles, the Insurance Act 18 of 2017, FSR Act, and solvency assessment and management, including insurance prudential supervision;
• Law / Legal jobs