Divisional Head: Capital Management

About the position

To provide leadership and strategic direction the Division in providing technical advice and support to frontline supervisors in banking, insurance and financial market infrastructures (FMIs), with regard to the application and interpretation of prudential legislation, particularly in relation to regulatory capital.
JOB DESCRIPTION 

• Provide input into the departmental strategy and operational plan, communicate and clarify the vision and strategic goals of the Company
• Develop strategic and operational plans for the division aligned to the PA and PSIS strategy and manage implementation thereof, including the building of capacity & capability for the division.
• Lead the Capital Management Division ensuring delivery of high-quality support and advice to the PA and relevant departments within the Company on the interpretation and application of primary legislation, subordinated legislation and other relevant information that include, but are not limited to, regulations, prudential standards, directives, circulars and guidance notes.
• Lead and oversee the conducting of the following: Capital Adequacy assessments [Internal Capital Adequacy Assessment Process (ICAAP); Own Risk and Solvency Assessments (ORSA) and Market Infrastructures Capital Assessment Process (MICAP), Financial Conglomerate Supervision Capital and Risk Assessment (FC-CARA)].
• Provide oversight over the approval of issuance of capital instruments by regulated institutions.
• Align, co-ordinate and manage resources to deliver on the objectives for the division.
• Influence and provide input to various PA governance structures on matters related to regulatory capital.
• Develop and oversee the implementation of the Capital Management divisional policies, procedures and systems requirements and ensure alignment with related functions and the organisational value chain.
• Clarify performance expectations and roles for the team within the division, prioritise work, manage resource utilisation & quality of deliverables as well as control costs.
• Manage the performance and development of direct reports, create a performance and innovation culture and promote and support career development within the division.
• Ensure continuous improvement in the delivery and functioning of the division.
• Identify and mitigate risks related to the Capital Management Division and ensure compliance with relevant governance frameworks, ensure compliance with legislative and regulatory requirements of the Company and ensure that divisional risks are identified (through operational risk assessments), are assessed and that adequate and effective risk mitigating measures are implemented.
• Oversee and ensure that the internal audit findings are addressed adequality and timeously.
• Lead change, which includes creating and maintaining a culture supportive of the Company’s values and promoting diversity and inclusion in the workplace.

JOB REQUIREMENTS

• A postgraduate degree (NQF 8) in Accounting, Actuarial Science. Finance, or Law
• A Chartered Accountant South Africa (CA(SA)) or equivalent qualification would be an added advantage.
• 10 to 12 years of experience minimum of 10-12 years’ experience in Capital Management within the financial sector or regulatory environment and with at least five years in a managerial role

Desired Skills:

• Quality assurance
• Financial sector
• People Management