Lead – Domestic Scheme and Rules Management

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

• Maintain and review the effectiveness of the Constitution, settlement rules and payment scheme, including the terms of reference of governance structures and committees.
• Coordinate relevant governance structures and forums for the management of settlement rules.
• Maintain standards and processes for rules, disputes and working group committees.
• Coordinate the review of access criteria and settlement rules governing participation in SAMOS (the Bluebook).
• Conduct investigations into 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 of the settlement scheme, including applications, registration, onboarding, contracting, participation and offboarding.
• Manage stakeholder engagements and relationships, both internal and external, to support and enhance the sustainability and growth of the 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 comments and input on regulatory changes and submit them to the relevant stakeholder.
• Conduct rules management activities to ensure that adequate risk measures and standards are in place to safeguard the domestic RTGS operations.
• Review and align settlement and scheme rules with new products or services introduced by the SAMOS operator.
• Stay abreast of current developments to contribute to the division’s strategy and ensure their application, including changes to policies, rules, regulations, legislation and systems.
• Compile reports for management review on governance, compliance, operational performance and decision-making.

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.

Additional requirements include:

• knowledge and skill in:

– industry, organisational and business awareness;

– quality assurance;

– continual improvement;

– continued learning and/or professional development;

• knowledge of:
• the national payment system;
• payments and settlements;
• governance, risk and compliance management practices and standards;
• central banking;
• relevant legislation and standards, including Office of Foreign Assets Control requirements, Financial Action Task Force recommendations, exchange control regulations, the Financial Intelligence Centre Act 38 of 2001 and the Protection of Constitutional Democracy against Terrorist and Related Activities Act 33 of 2004;
• computer literacy skills;
• the ability to manage complexity and ambiguity;
• financial and business acumen;
• the ability to lead change;
• the ability to exercise sound judgement and decision-making;
• the ability to build and maintain relationships;
• conceptual thinking skills; and
• a drive for results.