(1561) Manager: Policy and Regulation – CODI

Brief description

The main purpose of this position is to provide effective managerial leadership and strategic guidance regarding deposit insurance policy and regulation. This will enable the Corporation for Deposit Insurance (CODI) to fulfil its mandate and contribute to the financial stability mandate of the South African Reserve Bank.

Detailed description

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

• Contribute to the development of CODI’s strategy by developing, implementing and monitoring the Policy and Regulation Division strategy, ensuring alignment with CODI’s overall objectives.
• Provide leadership for the Policy and Regulation Division by aligning operational plans with CODI’s strategic objectives, clarifying roles, setting performance expectations and managing the performance of direct reports, including providing technical guidance, supporting career development and overseeing the delivery of work through effective resource utilisation, prioritisation and target setting.
• Manage the policy formulation process, including directing and conducting research for the development and/or refinement of policy tools, development of regulatory frameworks for member banks and all related work in terms of deposit insurance-related legislative frameworks, such as those outlined in the Financial Sector Regulation Act 9 of 2017.
• Administer and oversee the implementation of deposit insurance policy and regulatory instruments to fulfil the objective and functions of CODI.
• Develop resolution support plans and execute regular resolution support simulations to ensure CODI’s readiness to effectively fulfil its mandate.
• Provide input to the communication and awareness strategy by overseeing and participating in public awareness initiatives, as well as educating banks and depositors about the features of the deposit insurance scheme.
• Provide input to reports relating to the functions of CODI, including risk management, audits, compliance, annual reports and financial statements.
• Report on deposit insurance policy and regulatory matters to CODI’s Chief Executive Officer (CEO) and the board of directors and provide guidance thereon where necessary.
• Participate in assessments and surveys of the deposit insurance system by international bodies, such as the International Monetary Fund’s Financial Sector Assessment Program.
• Represent CODI in various local, public (such as parliament) and at international fora on deposit insurance matters and influence international standards and/or developments.
• Oversee compliance reviews conducted by CODI on banks to determine if banks’ operational procedures and internal controls adhere to the legislative requirements and deposit insurance regulations established by CODI.
• Stay abreast of local and global deposit insurance and resolution developments and assess the impact of these on local regulatory frameworks and make recommendations for amendments to the South African deposit insurance framework.
• Manage the development of a stakeholder engagement strategy with internal and external stakeholders.