(1739) Senior Analyst- Licensing and Authorisation

The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought The successful candidate will be responsible for the following key performance areas: Contribute to the development and execution of the departmental and NPS strategy, including (but not limited to) and NPS Vision. Monitor the processing and granting of licensing applications (designations, registrations, licensing and authorisations). Lead on arrangements with Business Systems and Technology Department to establish an all-encompassing licensing system, and Review, propose and recommend for approval of licensing, authorisation, designations, registration etc frameworks , including amendments, of payment institutions, including operators and schemes, including amendments. Review requests from entities, participants, members of operators and schemes and /or their participants or members intending to exit the NPS and provide recommendations for the Divisional Head's consideration and approval. Manage the process of and recommend for approval the variations, suspensions and the withdrawal of licences. Contribute to the process of curatorship, winding-down and resolution of non-systemically important payment institutions, including contributing to the process of recovery and/or resolving systemically important payment institutions. Ensure the effective operation and administration of the Licensing Committee, including (but not limited to) the facilitation of meetings and the provision of inputs into the agenda. Ensure that licensing-related and other relevant documentation is effectively stored and retrieved as per the South African Reserve Bank's (SARB) record management policies, frameworks and guidelines. Provide input into requests from operators of the payment, clearing or settlement systems or payment institutions to operate or conduct payment activities in 2-another jurisdiction, and provide recommendations for the Divisional Head's consideration and approval. Review the internal and external comments received from stakeholders on licensing and authorisation frameworks and related matters. Provide input into the drafting, issuance and/or amendments of policy and regulatory documents, including (but not limited to) standards, directives, policy papers, consultation papers, explanatory memos, notices and guidance notes. Review and provide input into licensing and authorisation legislation as well as the frameworks of other regulatory authorities, standards and reports derived from international standard-setting bodies, regional and domestic regulatory authorities. Monitor and keep abreast of licensing and authorisation developments and best practice. Ensure that the licensing and authorisation framework complies with relevant international standards and practices. Provide guidance and input into new payment methods, payment providers, innovation and developments in the NPS. Build relationships and engage with internal and external stakeholders on NPS developments. Develop and oversee the completion of surveys in order to obtain inputs and feedback from stakeholders on licensing and authorisation matters. Generate and share knowledge with internal and external stakeholders, and contribute towards training, capacity-building and the education of stakeholders, including consumers. Represent the SARB as well as the, Licensing and Authorisation Unit in industry and stakeholder meetings as well as on domestic, regional and international standard-setting bodies, committees, structures and forums. Collect and analyse data relating to licensing and authorisation matters. Assist in ensuring that any risks within Licensing and Authorisation Unit are identified, assessed and mitigated. Manage the performance of the analysts in the function by providing technical assistance as well as coaching and mentoring them in executing their daily tasks (when required). Qualifications To be considered for this position, candidates must be in possession of: the minimum of an Honours degree (NQF 8) in Accounting, Commerce, Economics, Finance or Law, or an equivalent qualification; the minimum of 8 - 10 years' experience in a payments or financial markets environment; and the minimum of 3 years' experience in managing, supervising or leading a team.