(1655) Head of Department– Banking and Insurance Supervision, Pretoria

(1655) Head of Department– Banking and Insurance Supervision Job Description The successful candidate will be responsible for the following key performance areas:

Lead the development, implementation and monitoring of a departmental strategy aligned with the strategy of the PA and the South African Reserve Bank (SARB).

Develop an operational plan and a budget for BISD, and define the value chain, structure and resources required to deliver the objectives of BISD.

Oversee the development and implementation of a prudential supervisory plan for supervised banks as well as insurance and financial market entities, on a solo and group basis where relevant, in line with the PA’s supervision blueprint and supporting guidelines.

Manage the prudential oversight of licensed entities, including, but not limited to:

overseeing the supervision of banks and insurers, including the administration of the Financial Sector Regulation Act 9 of 2017, the Banks Act 94 of 1990, the Co-operative Banks Act 40 of 2007, the Mutual Banks Act 124 of 1993, the Financial Markets Act 19 of 2012 and the Insurance Act 18 of 2017, as well as any associated regulations, standards and other relevant legislative instruments;

ensuring the protection of financial customers, including the depositors and policy holders of banks and insurers respectively;

directing the application of appropriate supervisory practices, processes, protocols, tools and procedures to analyse the business of, and also monitor, assess and react to the key risk indicators of, FMIs, banks, CFIs and insurers;

overseeing the maintenance of permanent records and correspondence related to the supervision of FMIs, banks, CFIs and insurers;

ensuring compliance by supervised entities with prescribed requirements in prudential standards and other legal instruments issued by the PA; and

designing, implementing and managing a risk-based supervisory programme on each of the supervised entities in order to achieve the above-stated objectives.

M anage the risk, compliance and governance relationship between the PA and the supervised entities, and ensure that departmental risks are identified, assessed and mitigated.

Manage the performance and development of direct reports, create a performance culture in the department, and promote and support career management and development.

Represent the PA Management Committee as a member responsible for the operational oversight of the PA.

Engage with stakeholders, both internally and externally.

R epresent the PA at various forums, both internally within the SARB and externally.

Qualifications To be considered for this position, candidates must be in possession of:

aminimum of a postgraduate qualification in Economics, Finance, Accounting, Banking or Risk Management, or any other relevant field of study;

aminimum of12–15 years’ experience in the financial sector or insurance supervision; and

aminimum of 5years’ experiencein managing diverse and multi-functional teams.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Job Info

Job Identification 1655

Job Category Manager

Posting Date 05/27/2026, 01:43 PM

Apply Before 06/12/2026, 09:55 PM

Degree Level NQF 8: Honours degree, Post Graduate diploma and Professional Qualifications

Job Schedule Full time

Job Shift Day

Locations Head Office, Pretoria, Gauteng, 0002, ZA

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