Standard Bank Senior Manager, Recovery & Resolution Planning Jobs in South Africa

Standard Bank Senior Manager, Recovery & Resolution Planning Jobs in South Africa


Job Purpose

  • The impact of post-crisis regulation is high in magnitude and complexity and significantly impacts commercial banks’ businesses and operations. The Regulatory Impact and Strategy Unit (RISU) was setup to enable SBG to take a strategic approach to its internal regulatory response and to efficiently and effectively deal with the breadth and complexity of regulation.

    The overall objective of RISU is as follows:

  • To facilitate the strategic positioning of SBG in the light of the significant impact of emerging regulation on the Financial Services industry and the imperative for banks and insurance entities to reposition themselves.

  • To ensure that the business response to high impact regulation is comprehensive and all high priority Group initiatives are identified and ownership confirmed.

  • The purpose of this role is to assess the potential financial impact of new and emerging regulations and the identification and delivery of appropriate initiatives in order to fulfil the overall objectives and mandate of the team with specific focus on Recovery and Resolution Planning.

    Key Responsibilities/Accountabilities

    Awareness and impact assessments of Recovery and Resolution Planning and other related developments

  • Monitoring of resolution by international standard setting bodies

  • Create an understanding and awareness to SBG stakeholders of new developments for Recovery and Resolution Planning and other related topics

  • Research and perform international benchmarking on recovery and resolution planning where necessary

  • Prepare documents on the theme and perform impact analysis where appropriate on the group positions

  • Ensure RRP implications are appropriately addressed by business

    Development and on-going update of SBG, SBSA and WIN Recovery Plans

  • Maintain and enhance the SBG, SBSA and WIN Integrated Recovery Plan that aligns with the agreed Group IRP update communication

  • Prepare for the RRP Work Group, Group RRP Committee and SARB meetings

  • Plan and coordinate and engage with the work group members appropriately to complete tasks

  • Improve methodologies for the core business lines and critical functions

  • Reporting of levels of stress across group through dashboard

  • Enhance and operationalise the SBG IRP Monitoring Framework

    Responsible for other emerging regulatory developments, eg Global developments and impact assessments of Shadow Banking including Fintechs

  • On-going monitoring on new developments around Shadow Banking including Fintechs

  • Perform research into South Africa’s progress around Shadow Banking including Fintechs

  • Engage with stakeholders on global and local finding regarding Shadow Banking regulations including Fintechs

  • Prepare the presentations to the Board and senior management

    Group Stress Simulations

  • Ensure reference guides are made available remotely to crisis management teams

  • Organise the logistics and participant preparation of simulations to be held

  • Document subsequent outcomes and action / implement enhancement as required
    The impact of post-crisis regulation is high in magnitude and complexity and significantly impacts commercial banks’ businesses and operations. The Regulatory Impact and Strategy Unit (RISU) was setup to enable SBG to take a strategic approach to its internal regulatory response and to efficiently and effectively deal with the breadth and complexity of regulation.

  • The overall objective of RISU is as follows:

  • To facilitate the strategic positioning of SBG in the light of the significant impact of emerging regulation on the Financial Services industry and the imperative for banks and insurance entities to reposition themselves.

  • To ensure that the business response to high impact regulation is comprehensive and all high priority Group initiatives are identified and ownership confirmed. The purpose of this role is to assess the potential financial impact of new and emerging regulations and the identification and delivery of appropriate initiatives in order to fulfil the overall objectives and mandate of the team with specific focus on Recovery and Resolution Planning.

    Minimum Qualification and Experience

  • Business Commerce Degree.

  • Ideally Chartered Accountant CA (SA) qualification.

  • 7-10 years Experience in working for a commercial bank.

  • 7-10 years Experience in prudential banking regulations and ideally recovery and resolution planning.

  • Experience in capital or liquidity management would be prefered.

  • Must have an understanding of Basel requirements.

    How to Apply

  • For more information and job application details, see; Standard Bank Senior Manager, Recovery & Resolution Planning Jobs in South Africa


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