Brief description
The main purpose of this position is to manage and enforce compliance with the rules governing direct participation in the South African Multiple Option Settlement (SAMOS) system.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Maintain and review the effectiveness of the constitution of the settlement rules/payment scheme, including the terms of reference of governance structures and committees.
- Coordinate relevant governance structures/forums for the management of settlement rules.
- Maintain rule, dispute and working group committee standards and processes.
- Coordinate and review the access criteria and settlement rules governing participation in SAMOS (the Blue Book).
- Conduct investigations into matters relating to possible non-compliance with settlement rules, regulatory requirements, standards and internal domestic policies and ensure that corrective action is implemented by the responsible stakeholder.
- Coordinate membership in the settlement scheme, including application, registration, onboarding, contracting, participation and offboarding.
- Manage stakeholder engagements and relationships (internal and external) to support and enhance the sustainability and growth of domestic real-time gross settlement (RTGS) participation, including creating awareness of participation in domestic RTGS systems.
- Conduct activities in support of the SAMOS operator on governance requirements, including ensuring alignment with regulation.
- Coordinate commentary and inputs on changes to all regulations and submit these to the relevant stakeholder.
- Conduct activities relating to rules management to ensure that adequate risk measures and standards are in place to safeguard the domestic RTGS operations.
- Review and align settlement/scheme rules with new products or services introduced by the SAMOS operator.
- Stay abreast of developments to contribute to the strategy of the division and ensure the application thereof (e.g. changes to policies, rules and regulations, legislation and systems).
- Compile reports for review by management for governance, compliance, operational performance and decision-making purposes.
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