Senior Prudential Policy Analyst

South African Reserve Bank; Pretoria; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A national financial regulatory authority in Pretoria is seeking a qualified researcher to analyze prudential regulations and policies in the financial sector. The successful candidate will develop recommendations for regulatory frameworks, conduct impact assessments, and engage with international standard-setting bodies. Strong research skills and a relevant degree are essential for this role. This position offers a unique opportunity to influence financial policy and ensure alignment with global standards.

Qualifications

• Proven experience in research and analysis related to financial regulations.
• Familiarity with international financial standards.
• Ability to communicate findings to diverse audiences.

Responsibilities

• Conduct research on prudential regulation policy.
• Develop policy positions to promote financial stability.
• Collaborate with SARB on financial sector issues.

Skills

Research and analysis

Understanding of prudential regulation

Knowledge of financial policy frameworks

Education

Relevant degree in finance, economics, or law

Job description

Brief description

The main purpose of this role is to undertake research and analysis pertaining to prudential regulation policy within the financial sector, with the aim of monitoring and influencing the policy directions of both international financial standard‑setting bodies and domestic frameworks.

Detailed description

The successful candidate will assume responsibility for the following key performance areas:

• Provide specialised research and analysis on policy and regulatory frameworks related to prudential regulation within a Twin Peaks regulatory system, including ad hoc requests. This includes research into frameworks governing banks, insurers, financial market infrastructures, and other relevant policy domains, with emphasis on areas aligned to the mandate of the Prudential Authority (PA).
• Conduct regulatory impact assessments for frameworks developed by the PA, ensuring identification and mitigation of any unintended consequences affecting supervised entities.
• Analyse the relevance and appropriateness of developments in financial sector policy, both domestically and internationally, as they pertain to the PA’s mandate.
• Develop and refine policy positions, tools, and regulatory frameworks through rigorous research and assessment, focusing on banking, insurance, financial market infrastructures, and other policy initiatives within the PA’s remit.
• Design and implement cooperative mechanisms with the South African Reserve Bank (SARB) and related stakeholders to promote financial stability.
• Examine domestic and global regulations and evaluate their effects on banking, insurance, financial market infrastructures, and other fields pertinent to the PA’s mandate.
• Monitor international prudential policy implementation and assess its impact on local regulatory environments.
• Contribute to the development of draft regulatory frameworks and instruments applicable to entities regulated by the PA.
• Represent South Africa in engagements with international standard‑setting bodies, participating actively in their work.
• Represent the PA in Parliament and other fora on policy matters and financial sector regulation frameworks.
• Support efforts to adopt and adapt internationally recognised prudential standards to suit South Africa’s specific requirements, ensuring local relevance and continued compliance with global criteria.
• Participate in, and contribute to, PA‑related policy governance processes.
• Coordinate and complete international surveys.
• Assist in drafting the PA’s regulatory strategy, outlining the authority’s policy, regulatory, and supervisory priorities.
• Provide briefings on specialised policy topics to Divisional Heads, Department Heads, the Chief Executive Officer (CEO), Governor, and Deputy Governors relating to financial sector regulation and supervision.
• Represent the PA at various public events including training sessions, lectures, and conference presentations.
• Collaborate with the SARB and other regulators to coordinate the PA’s ‘House View’ on key financial sector policy issues.
• Draft speeches, speaking notes, and briefing documents on specialist subjects for use by Divisional Heads, Department Heads, CEO, Governor, and Deputy Governors, both locally and internationally, to reflect the views of the PA and SARB.