(1560) Manager: Operations – CODI

Brief description

The main purpose of this position is to provide managerial leadership and strategic guidance to the Business and Operations Division within the Corporation of Deposit Insurance (CODI). This includes managing and coordinating the development and delivery of business solutions to ensure efficiency and governance of operations across CODI.

Detailed description

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

• Provide strategic direction and thought leadership in the development, implementation and monitoring of divisional strategy in accordance with CODI’s overall strategy.
• Provide leadership for the Business and Operations Division by aligning operational plans with CODI’s strategic objectives, clarifying roles, setting performance expectations, managing the performance of direct reports, providing technical guidance and promoting a culture of inclusion as well as supporting career development within the division.
• Ensure the identification and availability of appropriate and efficient business solutions, including systems, controls, procedures, services and management information, ensuring the overall operational effectiveness of CODI.
• Oversee and monitor the data submission process for banks, including the onboarding and offboarding of banks and the analysis of the data submitted.
• Ensure adequate financial controls over premium, levy and liquidity funds by ensuring accurate calculations, monitoring collections, managing refunds, overseeing investments returns and facilitating payments to member banks in accordance with liquidity loan agreements.
• Oversee, guide and monitor the implementation of CODI’s processes, systems and services-related programmes and projects.
• Conduct an annual assessment of levy income to confirm that CODI’s earnings are sufficient for its operational budget and consistently monitor and report on spending.
• Develop and review divisional deliverables for resolution support to ensure alignment with CODI’s objectives and functions.
• Manage stakeholder engagements, internal and external, to ensure effective collaboration and compliance.
• Ensure management agreements with the South African Reserve Bank support departments and contracts with banks regarding funding, pay-out arrangements and other membership requirements are in place.
• Ensure compliance with all legislative, regulatory and policy requirements of CODI and ensure that divisional risks are identified, assessed and mitigated through effective risk mitigating measures.
• Direct and oversee the compiling and auditing of CODI’s annual financial statements and the development of CODI’s annual report for submission to parliament.