Bank Analyst



Job Title

Bank Analyst



Organization Name

FCS – Anti-Money Laundering

Department Description

Financial Conglomerate Supervision

Brief Description

The purpose of this position is to perform prudential oversight of designated registered banking entities forming part of a financial conglomerate group through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the financial soundness and sound governance of such banking entities, and ultimately the safety and soundness of the financial conglomerate.

Detailed Description

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

·       Supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).

·       Assess and analyse the strategies and business models of banks.

·       Analyse and assess the business portfolios of banks.

·       Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.

·       Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as and the alignment thereof with industry best practices.

·       Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.

·       Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.

·       Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.

·       Assess compliance with the Banks Act 94 of 1990 and the Regulations relating to Banks.

·       Prepare detailed reports based on the outcome of analysis performed.

·       Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.

·       Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.

·       Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.

·       Maintain permanent electronic records in respect of banks.

·       Manage correspondence pertaining to banks.

·       Undertake ad hoc projects as assigned by management.

·       Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Job Requirements

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

·       a Bachelor’s degree in Finance, Accounting, Banking, Economics, Risk Management or a relevant equivalent qualification; and

·       five to eight years’ relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

·       innovative;

·       problem-solving and analytical skills;

·       financial and business acumen;

·       attention to detail;

·       excellent verbal and written communication skills;

·       ability to effectively and efficiently manage time;

·       proven ability to influence, build and maintain relationships;

·       good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;

·       conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related Standards and Regulations;

·       knowledge and understanding of the Basel Committee on Banking Supervision’s Core Principles for Effective Banking Supervision;

·       knowledge and understanding of the Basel Committee on Banking Supervision’s supervisory framework;

·       knowledge of prudential supervision and the supervisory framework applied in South Africa;

·       knowledge of basic risk management standards and practices applied by banks and banking groups;

·       an understanding of key issues and risks facing banks and banking groups;

·       an in-depth knowledge of the business of banks;

·       an understanding of the business models applied by, and the financial and operating environment of banks; and

·       knowledge and understanding of corporate governance and risk management best practices and standards.

How To Apply

All interested parties are invited to apply.

Internal applicant: Please note that internal applicants MUST apply through the ERP system. Ap

External applicant: External applicants MUST apply online, via

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Do not enclose copies of your identity document or qualifications with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

The closing date for applications is 18 February 2021. Late applications will not be considered.

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 experience and competence.




Ms Sarah Molomo

Senior Manager: Recruitment and Selection

Human Resources Department