Job title : (739) Lead - Domestic Scheme & Rules Management - NPSD
Job Location : South Africa, Deadline : December 26, 2024 Quick Recommended Links 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.
Qualifications
To be considered for this position, candidates must be in possession of:
- a minimum of an Honours degree in Finance, Law or Risk Management; and
- five to eight years’ experience in a banking, payments, settlement, legal, compliance and risk management environment.
