Associate Investigator - South African Reserve Bank

The main purpose of this position is to investigate the possible non-compliance of regulated entities with relevant legislation and to facilitate sanctions and enforcement decisions taken by the Prudential Authority (PA) at the South African Reserve Bank (SARB), including the resolution of failed non-systemically important supervised institutions.

Detailed Description

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

• Work closely with the Senior Manager in developing standards, processes and procedures related to investigations within the PA.
• Work closely with the Senior Manager in developing standards, processes and procedures related to the resolution of failed non-systemically important supervised institutions.
• Conduct investigations into matters relating to the possible non-compliance of regulated entities with relevant legislation ( e.g. banking- and insurance-related legislation).
• Report investigation findings and provide recommendations to the relevant authority within the PA.
• Assist the frontline teams with the execution of sanctions and enforcement decisions.
• Provide secretarial support services to the PA Regulatory Action Committee, including, but not limited to, the preparation of agendas and minutes.
• Support the Chief Executive Officer (CEO) of the PA with following up on and actioning matters, and ensuring that the decisions thereon are implemented.
• Ensure that matters of non-compliance of regulated entities with relevant legislation are appropriately channelled and addressed.
• Maintain a database of matters relating to regulated entities’ non-compliance with relevant legislation.
• Promote awareness across the PA with regard to the processes and procedures of matters relating to regulated entities’ non-compliance with relevant legislation.
• Engage with internal and external stakeholders, displaying the ability to solicit information and to communicate a clear and coherent message.

Job Requirements

To be considered for the Associate Investigator, candidates must be in possession of:

• a Bachelor’s degree (NQF 7) in Compliance, Finance or Law; and
• a minimum of 2–5 years of experience in litigation, compliance and/or forensic work ( i.e. the investigation or prosecution/litigation of commercial cases).

The following would be an added advantage:

• an applicable Honours degree (NQF 8); and/or
• knowledge of, and experience in, insolvency law, insolvency proceedings and/or recovery planning.

Additional requirements include:

• Proven forensic skills and/or in-depth knowledge of the law of evidence;
• good command of the English language and sound report-writing abilities;
• experience in or sound knowledge of the banking and/or insurance industries;
• the ability to gather and analyse evidence and information;
• the ability to provide useful litigation assistance to the PA and relevant external agencies; and
• investigations administration knowledge and skill.