To oversee the implementation and supervision of the regulatory framework for credit ratings agencies CRAs and financial benchmark administrators FBAs CRAs are primarily regulated and supervised in terms of the Credit Rating Services Act No 24 of 2012 CRS Act and the regulations of financial benchmarks is currently under development The person appointed to this position will be stationed in the Market Risk and Transparency Department under the Market Integrity and Decision Sciences Division and will report directly to the Senior Manager Ratings Indices
Other Key Competencies
The applicant must demonstrate the following skills and attributes strong knowledge and understanding of the financial services industry debt capital markets financial and numeracy skills strong analytical abilities and attention to detail high level of professional judgement critical and innovative thinking strong excellent written and verbal communication skills ability to work as part of a team as well as independently The candidate must be confident decisive and approach all tasks in a diligent and professional manner
Desired Skills:
- understanding of the financial
- markets financial
- numeracy skills
- strong analytical
- judgement critical
Desired Work Experience:
- 5 to 10 years
Desired Qualification Level:
- Degree
About The Employer:
– Requirements
A bachelor s degree in finance economics accounting or law with at least 7 years of experience in the financial sector and/or the regulatory environment within the financial services industry Good knowledge and/or experience of the functioning of the financial markets credit rating services or financial benchmarks will be an added advantage
Key Performance Areas
Implement and administer the CRS Act Conduct Standard Requirements relating to the provision of a benchmark and any other subordinate legislation
Conduct routine market conduct onsite inspections of CRAs and FBA in terms of the RiskBased Supervision approach
Review and recommend for approval or refusal of applications for licence amendments exemptions and outsourcing arrangements for CRAs and assist the licencing division in the review of applications for license for FBAs
Conduct relevant research to improve the standard of regulation in line with international developments and initiate the development of regulatory instruments and guidance notices
Initiate participate and contribute to the development of applicable legal frameworks regulatory instruments guidance notices and policy direction on the regulation and supervision of CRAs and FBA
Provide input into requests from local and international standard setting bodies and regulators including questionnaires and consultative papers when required
Organise participate and represent the department at relevant internal and external meetings committees information sessions/seminars and forums in area of responsibility in line with stakeholder engagement plan
Compile routine management reports and commentaries within the set timelines