Job Description
About the Role
Be part of a team driving a significant regulatory development under the Deposit Takers Act. The Specialist Supervision, Licensing & Authorisations team was created in 2023 to develop a new licensing framework and modernise the Reserve Bank’s approach to licensing and other authorisations.
Key Responsibilities
- Build and update the licensing framework for the Deposit Takers Act for existing banks, non‑bank deposit takers and insurers.
- Manage responses to licensing enquiries from banks, NBDTs and insurers.
- Process new license applications and coordinate with teams that conduct assessments.
- Oversee the restricted‑word regime that governs the use of terms such as “bank” and “insurer” in firm names.
- Consider potential breaches of the regulatory perimeter and refer unlicensed activities to the relevant teams.
- Lead workstreams to implement licensing and authorisation frameworks under the Deposit Ta...