Divisional Head: Banking Supervision - Sandton - Inspira Head Hunting Consulting2 days agoDescriptionThe main purpose of this position is to provide strategic direction and managerial leadership to the Banking Supervision Division, ensuring the financial soundness and good governance of banking entities under the division's supervision.Job DescriptionPromote 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 line with the overall Prudential Authority (PA) strategy and departmental 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 current, emerging, systemic, and supervised entity-specific risks.Manage the supervisory oversight of banking entities under the division's supervision, including:Leading and managing day-to-day supervision of banking entities and directing the consistent application of appropriate supervisory practices, protocols, tools, and procedures to all banking entities and banking groups 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; and endeavouring to uphold an updated risk rating of the banking entities and banking groups.Monitoring compliance by banking entities and banking groups to applicable regulatory frameworks, which include 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, identifying and assessing divisional risks, and implementing risk-effective mitigating measures.Managing the performance and development of direct reports, creating a performance culture, and coaching and managing the career development of employees in the division.Key ResponsibilitiesPromoting the safety and soundness of banking entities under the division's supervision.Providing strategic direction in the development, implementation, and monitoring of the Divisional strategy.Ensuring alignment with the departmental strategy.Contributing to the development and continuous refinement of the supervisory approach for banking entities under the division's supervision.Managing the supervisory oversight of banking entities under the division's supervision.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.Monitoring compliance by banking entities and banking groups to applicable regulatory frameworks.Managing the operationalisation and implementation of decision-making frameworks, protocols, and procedures.Ensuring compliance with all legislative and regulatory requirements of the organisation.Managing the performance and development of direct reports.RequirementsA minimum of a post-graduate qualification in Accounting, Banking, Economics, or any other relevant field.A minimum of 10–12 years' experience in the banking sector, regulatory environment, or financial auditing, with at least five years in a managerial role.Additional RequirementsProblem solving and analysis.Planning and organizing.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, and Human resources policies and procedures.
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