Divisional Head : Banking Supervision

Inspira Head Hunting Consulting; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading consulting firm is seeking a strategic leader for the Banking Supervision Division. The successful candidate will provide managerial oversight and ensure the financial soundness of supervised banking entities. Candidates should possess a post-graduate qualification and significant experience in the banking sector, especially in managerial roles. Key skills include problem-solving, communication, and knowledge of financial regulations. This role presents an opportunity to shape supervisory practices in the banking industry.

Qualifications

• Minimum of years' experience in the banking sector, regulatory environment, or financial auditing.
• At least five years in a managerial role.

Responsibilities

• Promote the safety and soundness of banking entities.
• Provide strategic direction for the divisional strategy.
• Manage the supervisory oversight of banking entities.

Skills

Problem solving and analysis

Planning and organising

Verbal and written communication

Financial and business acumen

Confidentiality

Education

Post-graduate qualification in Accounting, Banking, Economics, or relevant field

Job description

The main purpose of this position is to provide strategic direction and managerial leadership to the Banking Supervision Division and ensure the financial soundness and sound governance of banking entities under the division's supervision.

Detailed description

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

• Promote the safety and soundness of banking entities under the division's supervision.
• Provide strategic direction in the development, implementation, and monitoring of the Divisional strategy in accordance with the overall Prudential Authority strategy.
• Ensure alignment with the departmental strategy.
• Contribute to the development and continuous refinement of the supervisory approach for banking entities under the division's supervision, considering the current, emerging, systemic, and supervised entity‑specific risks.
• Manage the supervisory oversight of the banking entities under the division's supervision:
  • Leading and managing the day‑to‑day supervision of banking entities and directing the consistent application of appropriate supervisory practices, protocols, tools, and procedures to all the banking entities and banking groups (where relevant) allocated to the division.
  • Identifying, assessing, and escalating key risks and reacting to key indicators of risks within the department.
  • Overseeing the maintenance of permanent records and correspondence of banking entities and banking groups allocated to the division.
  • Endeavouring to uphold an updated risk rating of the banking entities and banking groups.
  • Monitoring compliance by banking entities and banking groups to the applicable regulatory framework, which includes prudential standards and regulations issued by the PA.
  • Managing the operationalisation and implementation of decision‑making frameworks, protocols and procedures.
  • Ensuring compliance with all legislative and regulatory requirements of the organisation, that risks of the division are identified and assessed, and that risk‑effective mitigating measures are implemented.
  • Managing the performance and development of direct reports, creating a performance culture, as well as coaching and managing the career development of employees in the division.

Job requirements

• Minimum of a post‑graduate qualification in Accounting, Banking, Economics, or any other relevant field.
• Minimum of years' experience in the banking sector, regulatory environment, or financial auditing, with at least five years in a managerial role.

Additional requirements include:

• Problem solving and analysis.
• Planning and organising.
• Verbal and written communication.
• Financial and business acumen.
• Confidentiality.

Knowledge of and skill in

• General management.
• Prudential supervision, regulation, and legislation.
• The financial sector, specifically the banking industry.
• Corporate governance and risk management practices and standards.
• Core principles for effective banking supervision.
• Basel III capital framework.
• Human resources policies and procedures.