Investigator - South African Reserve Bank

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

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 investigation within the PA.
• Conduct investigations into matters relating to non-compliance by regulated institutions with relevant legislation (e.g. insurance and banking 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 secretariat support services to the PA Regulatory Action Committee, including but not limited to the preparation of agendas and minutes.
• Support the Chief Executive Officer of the PA with following up on and actioning matters, and ensuring the decisions thereon are implemented.

• Ensure that matters of non-compliance by regulated institutions with relevant legislation are appropriately channelled and addressed.
• Maintain a database of matters relating to non-compliance with relevant legislation.
• Promote awareness across the PA with regard to processes and procedures of matters relating to non-compliance with relevant legislation.
• Work closely with the senior manager in developing standards, processes and procedures related to the resolution of failed non-systemically important supervised institutions.
• Engage with external and internal stakeholders, displaying the ability to solicit information and communicate a clear and coherent message.

Job Requirements

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

• a relevant Bachelor’s degree in law, compliance or finance;
• a minimum of five to eight years’ postgraduate experience in litigation or forensic work (i.e. investigation or prosecution/litigation of commercial cases).

The following would be an added advantage:

• an applicable Honours degree; and
• knowledge of and experience in insolvency law and/or insolvency proceedings.

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 or sound knowledge in the banking and/or insurance industries;
• interviewing knowledge and skill, including under oath interviews;
• ability to gather and analyse evidence and information;
• investigations report writing knowledge and skill, with a particular focus on accurate referencing to underlying evidence;
• ability to provide useful litigation assistance to the PA and relevant external agencies;
• recovery of capital knowledge and skill; and
• investigations administration knowledge and skill.