South African Reserve Bank (SARB)

To apply, click on the link at the end of the posts and all the best with your applications.

1. Cyber Security Compliance Consultant – BSTD
2. Risk Analyst – NPSD
3. Lead Talent Acquisition – HRD
4. Associate Insurance Analyst-FCSD
5. Human Resources Administrator
6. Graduate Development Programme Data Science Intern
7. Manager – Banking Supervision – BISD
8. Associate Business Analyst – BSTD
9. Graduate Development Programme – Intern
10. Service Assistant – CT
11. Co-ordinator: Office of the Cyber and Information Security Unit – BSTD
12. Senior Manager – Transactional Systems – BSTD
13. Legal Counsel – LSD
14. Accounts Clerk – Planning FSD
15. Enterprise and Solutions Architect – BSTD

Cyber Security Compliance Consultant – BSTD

JOB DESCRIPTION

Brief description

The main purpose of this position is to identify applicable security controls relating to legislation, policy and best practice; report on the status thereof as well as facilitate and monitor the remediation of non-compliance to ensure an appropriate South African Reserve Bank (SARB) Group security posture.

Detailed description

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

• Plan and prioritise work in conjunction with the team lead and other stakeholders.
• Take responsibility for conducting ongoing research into legislative and best practice requirements as well as review risk and threat information to identify applicable control areas to be incorporated into the security compliance universe. 
• Take responsibility for defining and conducting the measurement of applicable security control areas to compile a SARB Group compliance status. 
• Engage with stakeholders across the SARB Group at different levels of seniority, displaying the ability to solicit information as well as convey and explain information fluently. 
• Work with the threat analyst to ensure corrective actions are taken where controls are inadequate to improve the compliance status of the SARB Group.
• Serve as the point of contact and subject matter expert for the second and third line of defence corporate governance functions on security.
• Provide periodic reporting on the status of the security compliance universe of the SARB Group.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• a minimum of a Bachelor’s degree (NQF 7) in Security, Information Technology, or an equivalent qualification;
• security certification would be an added advantage; and
• a minimum of five to seven years’ experience in an information security/compliance environment.

Additional requirements include knowledge of and skill in:

• leading security best practice;
• relevant legislation;
• information technology trends;
• service and stakeholder focus;
• effective communication;
• impact and influence; 
• drive for results;
• learning focus;
• problem-solving and analysis;
• teamwork;
• planning and organising; and
• developing and managing relationships.

Risk Analyst – NPSD

JOB DESCRIPTION

Job title: Risk Analyst 

Location: Head Office, Pretoria

Organisation: Business Support Division

Department: National Payment System Department

Brief description

The purpose of this position is to prepare, execute, monitor and report on strategic, operational and specialised risks for the National Payment System Department (NPSD).

Detailed description

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

• Assist with the implementation, review, update and maintenance of the operational risk management and compliance framework.
• Coordinate and plan the annual operational and strategic risk assessment workshops with the Risk Management and Compliance Department (RMCD) and relevant stakeholders. 
• Provide advice on risk and compliance management issues relating to the operating area within the NPSD.
• Develop operational risk profiles and risk action plans relating to the national payment system (NPS) operating area.
• Coordinate, plan and execute activities relating to the management of specialised operational risks (including cyber-risk, change management, project risk management and business continuity management). 
• Conduct operational risk assessments, prepare reports, develop risk mitigation plans and report on progress, in line with RMCD and the Board Risk and Ethics Committee agendas.
• Actively stay abreast of new approaches (best practices), methods, analytical techniques and procedures in risk management. 
• Implement risk monitoring processes for risk and compliance management. 
• Assist in preparing for briefings and presentations with relevant stakeholders. 
• Assist with the preparation of scenarios, coordinate training and awareness sessions, and provide training in areas of governance, risk management and controls relevant to the NPSD. 
• Coordinate and liaise with RMCD, internal and external audit, as well as any other relevant stakeholders to improve and enhance audit, risk and compliance activities.
• Log risk incidents relating to the operational area. 
• Monitor and report on risk action plans relating to the logged risk incidents. 
• Build sound professional relationships with stakeholders through collaboration, client focus and excellent execution.
• Manage relationships with peers through teamwork, knowledge sharing and positive attitude, and providing support to colleagues.
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and add value to the NPSD.

QUALIFICATIONS

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

• a Bachelor’s degree in Risk Management; and
• five to eight years internal audit experience in information technology and payments environment; of which at least two years must be in risk management.

Additional requirements include:

• sound knowledge of recognised risk management frameworks, processes, standards and practices;
• experience in the use of relevant risk management computer software applications;
• proven facilitation and presentation skills;
• excellent interpersonal as well as verbal and written communication skills;
• proficiency in the use of MS Office products (Word, Excel and PowerPoint);
• proven scribing and minute-taking skills; and
• the ability to function independently (self-starter).

Lead Talent Acquisition – HRD

JOB DESCRIPTION

Brief description

The main purpose of this position is to develop and implement a talent acquisition strategy that attracts, engages and hires top talent whilst driving the organization towards its strategic goals, and to support and ensure compliance with policies of the South African Reserve Bank (the Bank) and relevant legislation.

Detailed description

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

• To develop and implement a comprehensive talent acquisition strategy that aligns with the Bank’s objectives and talent needs.
• To build and lead a high-performing talent acquisition team, cultivating a positive and collaborative work environment.
• To define and execute innovative sourcing strategies to tap into diverse talent pools, attracting top performers across all levels and functions using a variety of sourcing methods to attract diverse skills. 
• To partner with and build quality relationships with various internal and external stakeholders – HRBP’s, hiring managers and recruitment agencies to understand their needs and deliver exceptional candidate experiences.
• To leverage data and analytics to measure the effectiveness of talent acquisition efforts and continuously improve processes and reporting. 
• To stay abreast of industry trends and best practices in talent acquisition, implementing relevant solutions to attract and retain talent.
• To develop and manage the implementation of talent acquisition policies and procedures, advise line managers on recruitment best practice and interview techniques.
• To oversee the recruitment budget and resources, ensuring efficient and cost-effective talent acquisition.
• To partner with the communication’s team to build a strong employer brand and attract top talent.
• To comply with the Bank’s policies and legislative requirements in order to adequately mitigate risk and achieve the Bank’s objectives.

QUALIFICATIONS

Job requirements

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

• A minimum of an Honours degree OR equivalent in Human Resources/Social Sciences or equivalent; and 
• A minimum of 8-10 years in Recruitment and Selection OR Human Resources Management, with at least three (3) years in management. 

Additional requirements include:

• Industry, organisational and business awareness knowledge and skill;
• Continuous improvement knowledge and skill;
• HR strategy knowledge and skill;
• HR financial and cost management knowledge and skill;
• HR legislation, governance, risk and compliance knowledge and skill;
• Talent planning and acquisition knowledge and skill;
• Performance management and career development knowledge and skill;
• HR reporting knowledge and skill;
• HR service delivery knowledge and skill;
• Driving results;
• Data driven and analytical; 
• Proactive and solution-oriented;
• Promoting teamwork;
• Developing and growing others;
• Demonstrate leadership abilities;
• Building & maintaining relationships;
• Strategic thinking; and
• Stakeholder management knowledge and skill.

Associate Insurance Analyst-FCSD

JOB DESCRIPTION

Brief description

The main purpose of this position at the South African Reserve Bank (SARB) is to perform prudential oversight over licensed insurance companies that form part of a financial conglomerate group through a combination of off-site monitoring and on-site inspections, analysis and supervision, to contribute to the financial soundness and sound governance of such insurers and ultimately the financial conglomerate group.

Detailed description

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

 Supervise insurers and insurance groups within the allocated portfolio through a combination of on- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions.

• Process the notifications and applications received from insurers and insurance groups within the allocated portfolio, and recommend to either approve or decline the applications.
• Provide input into the development and implementation of the regulatory framework.
• Promote efficient, fair and sustainable insurance markets as well as policyholder protection.
• Develop and implement a prudential risk-based supervisory plan for allocated insurers.
• Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention.
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
• Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the SARB.
• Assist with, and provide input into, the development of public documents relating to insurance supervision.
• Liaise with the industry, other regulators (local and international) and relevant financial institutions.

QUALIFICATIONS

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

• a Homours degree (NQF8) specialising in Accounting, Economics, Financial Management, Insurance or Risk Management, or a relevant equivalent qualification; and
• at least 2–5 years of working experience in the insurance sector or insurance-related experience in the wider finance sector or risk management environment.

Additional requirements include:

• problem-solving and analytical skills and experience;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills and experience;
• the ability to effectively and efficiently manage time;
• proven ability to influence, build and maintain relationships;
• being conversant with the Insurance Act at both a theoretical and a practical level; 
• knowledge and understanding of the Insurance Core Principles for Insurance Supervision;
• working knowledge of the various legislation and related supervisory frameworks applicable to insurance entities registered in South Africa;
• knowledge and understanding of key issues and risks facing registered insurers/insurance groups and financial conglomerate groups in South Africa;
• knowledge and understanding of financial products and the risks they pose;
• proven knowledge of the financial sector, specifically the insurance industry; and
• knowledge and understanding of corporate governance as well as risk management best practice and standards.

Human Resources Administrator

JOB DESCRIPTION

Brief description

The purpose of this position is to provide mainly end-to-end administrative support within recruitment and across the HR value chain.

Detailed description

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

• To engage in short term planning and perform tasks against work plans as defined in conjunction with immediate line manager. 
• To provide end-to-end administrative support services across HR disciplines.
• To assist in publishing vacancies on relevant platforms and screen CVs and applications to identify qualified candidates. 
• To coordinate and schedule interviews, assessments and vetting between candidates and relevant stakeholders.
• To communicate with candidates throughout the recruitment process, providing updates and gathering necessary information.
• To assist with preparation of employment contracts and other recruitment related documentation. 
• To identify talent using different sourcing channels, including existing bank database.
• To perform administrative work independently, within established HR practices, processes and regulations ensuring compliance with the Bank’s standards, policies and guidelines. 
• To evaluate and address HR queries, direct and/or escalate more complex issues to the immediate line manager/team leader and/or other internal HR professional.   
• To maintain accurate HR information/records management system and ensure that the information is accessible, up to date and complies with legislative requirements.
• To provide management information to the immediate line manager/team leader as required for effective reporting.
• To engage with the internal HR team, client departments and external stakeholders to ensure optimal service delivery. 
• To proactively broaden HR knowledge and display a willingness to make improvements in own work (including methods and practices). 
• To evaluate own performance against given criteria, identify and address task specific learning needs with the immediate line manager.

QUALIFICATIONS

Job requirements

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

• A minimum of an HR Post Matric certification (NQF 5) OR equivalent
• A minimum of 1- 2 years’ experience in the relevant HR administration environment
• Previous experience in recruitment preferred
• Excellent organizational skills and attention to detail 
• Strong written and verbal communications skills 
• Ability to multitask and prioritize tasks in a dynamic environment 
• Proactive and able to work both independently and as part of a team 
• Working knowledge of MS Office and ERP systems (e.g. Oracle/SAP)

Additional requirements include:

• Industry, organisational and business awareness knowledge and skill
• Quality assurance knowledge and skill        
• Continuous improvement knowledge and skill          
• HR planning knowledge and skill     
• HR legislation, governance, risk and compliance knowledge and skill
• HR information management knowledge and skill    
• Relevant HR service delivery knowledge and skill
• Knowledge and experience in using LinkedIn recruiter and other sourcing channels.
• Flexibility
• Drive for results
• Learning focus
• Service & stakeholder focus 
• Resilience

Graduate Development Programme Data Science Intern

JOB DESCRIPTION

South African Reserve Bank Data Science Graduate Development Programme

The South African Reserve Bank (SARB) is looking for talented postgraduates to join its one-year Data Science Graduate Development Programme in January 2025.

What the SARB does

The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks, and ensuring stability of both the banking sector and the wider financial system.

Description

Data science is an inter-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. The core outcome of this programme is to develop deep capabilities in advanced analytics in central banking.

Format of the programme

Graduates will be placed in the Business Systems and Technology Department within the SARB, from January 2025 to December 2025. During the programme, graduates will attend various learning interventions at the SARB Academy, including technical training. The programme offers opportunities for a Data Science track, and graduates will work in a Data Lab environment from time to time, on various use cases.

Duration of the programme

One year

QUALIFICATIONS

To be considered, candidates must have a postgraduate qualification or be in the process of completing a postgraduate qualification (ideally completed the course work) in one of the following fields:

• Data Science
• Machine Learning/Artificial Intelligence
• Predictive Analytics Modelling
• Statistics
• Applied Mathematics
• Economics with Econometrics
• Information Technology
• Engineering
• Business Mathematics and Informatics.

Additional requirements

• Coding with R and/or Python; 
• be a South African citizen; 
• be a curious, innovative and self-motivated individual with strong analytical skills;
• have a proven track record of academic excellence with an overall average mark of 70% and above; and
• have excellent communication and interpersonal skills.

Manager – Banking Supervision – BISD

JOB DESCRIPTION

Brief description

The main purpose of this position is to manage the delivery by a team of analysts, thereby contributing to the effective and efficient supervision of an allocated banking group.

Detailed description

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

• Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated financial entities, including the operational alignment of supervisory programmes and targets.
• Provide leadership within the Banking and Insurance Supervision Department of the Prudential Authority (PA) and support the relevant divisional head(s) in achieving the overall departmental objectives.
• Provide technical assistance and guidance to a team of analysts.
• Manage the team’s deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation.
• Manage the team’s performance.
• Manage talent, including the learning and development of team members as well as succession planning.
• Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank (SARB).
• Contribute to special projects within the PA.

QUALIFICATIONS

Job requirements

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

• a postgraduate degree (NQF 8) in Accounting, Banking or Finance, or any other relevant qualification at that level.
• at least eight years of experience in the financial services or financial regulatory sector; and
• at least two years of proven experience in managing a team.

The following would be an advantage:

• a CA(SA) certification; and/or 
• an AGA(SA) certification.

Additional requirements include:

• an understanding of the Basel Core Principles for Banking Supervision;
• working knowledge of the various pieces of legislation and related supervisory frameworks applicable to financial institutions registered in South Africa and related entities;
• an understanding of the key issues and risks facing financial institutions registered in South Africa and related entities;
• knowledge and understanding of good corporate governance; 
• knowledge of, and experience in, the financial system, financial products as well as risk models and systems; 
• being fully conversant with the Basel framework at both a theoretical and a practical level; 
• knowledge of relevant risk management practices and standards; 
• thought leadership;
• problem-solving and analytical skills;
• financial and business acumen;
• people management skills; and
• influencing, building and maintaining relationships.

Associate Business Analyst – BSTD

JOB DESCRIPTION

Brief description

The purpose of this position is to provide end-to-end business analysis services (with the assistance from more senior business analysts) to the departments within the South African Reserve Bank (SARB) to identify business problems and needs, determine solutions and enable an improvement in organisational processes. 

Detailed description

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

• Work as part of a team in consulting with stakeholders and business clients in respect of problem definition and the identification of business requirements for low- to medium-risk projects.
• Provide analytic support in the form of data analysis and modelling; reviewing business processes and procedures; assessing possible solutions and the definition of solution requirements; and perform acceptance testing of the ultimate solution.
• Propose inputs to the elaboration of solutions, their scope, feasibility and supporting business case for assurance by a senior/experienced business analyst.
• Assist a more senior/experienced business analyst in modelling the business and information technology (IT) domain.
• Stay abreast of changes to analytical tools and methodologies and apply these in the course of own work.
• Facilitate workshops, prepare presentations and independently engage customers in respect of problem definition and the identification of business requirements.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• an Honours degree in IT or an equivalent qualification;
• a relevant Business Analysis certificate; and
• two to five years’ experience within a business analysis environment.

Additional requirements include knowledge of and skill in:

• industry, business and organisational awareness;
• quality assurance;
• continuous improvement;
• continued learning/professional development;
• business transformation and optimisation;
• elicitation techniques;
• business analysis practices, methodology and tools;
• realisation and testing practices; and
• IT domain management.

Graduate Development Programme – Intern

JOB DESCRIPTION

South African Reserve Bank Graduate Development Programme

The South African Reserve Bank (SARB) is inviting productive and talented postgraduates to join its one-year Graduate Development Programme in January 2025.   

What the SARB does

The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, the design and distribution of banknotes and coin, the management of interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.

What the Programme is about

Exposure to departments in the SARB

Graduates will work and learn at the SARB Head Office from January 2025 to December 2025. They will be assigned to a department and exposed to various tasks and projects.

During the Programme, graduates will attend various learning interventions at the SARB Academy. Interventions are mainly specific to central banking and are aimed at producing well-rounded central bankers. As part of the holistic programme, graduates will also gain personal and professional skills such as assertive communication, public speaking and presentations, creating powerful PowerPoint presentations, impactful reporting, teamwork and personal excellence and etiquette.

After the first year 

At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:

• are interested in continuing their career at the SARB;
• have a desire to contribute to monetary policy, financial stability, currency management, supervising financial institutions, financial markets, or any one of the SARB’s enabling functions;
• have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust and open communication;
• can function independently and contribute actively and effectively in a team; and
• have performed exceptionally well in their assigned departments and academically.

QUALIFICATIONS

Applications are open to candidates who have a postgraduate qualification in one of the following fields: 

• Economics
• Econometrics
• Research
• Policy Analysis
• Public Finance
• Accounting
• Auditing
• Statistics
• Financial Management
• Information Technology
• Law
• Portfolio or Investment Management
• Mathematics
• Quantitative Analysis
• Business Analysis
• Project Management
• Risk Management (operational and financial risk)
• Treasury
• International Relations
• Fintech

You meet the requirements if you:

• have completed a postgraduate degree;
• have attained an average of over 65% in your final year; 
• have a strong desire to work in financial services and/or policymaking;
• have a proven track record of academic excellence;
• have excellent communication and interpersonal skills;
• are a South African citizen; and
• are a curious and keen learner.

Service Assistant – CT

JOB DESCRIPTION

Brief description

The main purpose of this position is to clean designated facility areas as well as to ensure a hygienic environment for employees and visitors of the Cape Town Cash Centre of the South African Reserve Bank (SARB). 

Detailed description

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

• Plan and perform tasks against work plans as defined by the team leader.
• Clean offices, boardrooms, the dining area, the plant room, ablution facilities and parking areas.
• Load and offload consignments.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:  

• a minimum of a Grade 12 or an equivalent qualification. 

The following would be an added advantage: 

• some experience in a service-related environment. 

Additional requirements include:

• quality assurance;
• team work; and
• flexibility.

Co-ordinator: Office of the Cyber and Information Security Unit – BSTD

JOB DESCRIPTION

Brief description

The main purpose of this position is to support the Cyber and Information Security Unit (CISU) Head in driving and maturing cyber and information security within the South African Reserve Bank (SARB) Group as well as to coordinate the reporting, governance and budgeting functions.

Detailed description

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

• Support the divisional budgeting process by anticipating requirements, ensuring overall coordination and submission of information for budget preparation; scheduling expenditures; monitoring costs and analysing variances.
• Work closely with the CISU Head in representing the CISU or providing needed support across operational committees, forums and meetings as appropriate.
• Liaise with the various units across the SARB Group in support of the Privacy, Cyber and Information Security (PCIS) Committee functioning, including follow up on matters arising, providing agendas, evaluating effectiveness and providing input into required structure and coverage of meetings.
• Coordinate the required activities of the CISU with the various SARB Group governance and risk functions.
• Drive CISU procurement activities through liaising with subject matter experts and the SARB Group procurement function in order to ensure appropriate solution provision and contracting aligned with the CISU strategy.
• Analyse, interpret, integrate and effectively distribute CISU reporting in order to meet management information requirements.
• Engage with stakeholders across the SARB Group at different levels of seniority, displaying the ability to solicit information as well as convey and explain information fluently.

QUALIFICATIONS

Job requirements

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

• a Bachelor’s degree (NQF 7) in Security, Information Technology or an equivalent qualification; 
• Certified Information Systems Security Professional (CISSP) or Certified Information Security Manager (CISM); and
• seven to nine years’ experience in a security management environment, with two years’ exposure within a cyber and information security function. 

Additional requirements include:

• leading information security best practice;
• relevant legislation;
• information technology trends;
• service and stakeholder focus;
• effective communication;
• impact and influence; 
• planning and organising;
• developing and managing relationships;
• driving results;
• flexibility; and 
• judgement and decision-making.

Senior Manager – Transactional Systems – BSTD

JOB DESCRIPTION

Brief description

The main purpose of this position is to provide leadership to the Applications (Transactional Systems) Division of the Business Solutions and Technology Department (BSTD), overseeing the coordination of resources in the delivery of new information technology (IT) solutions, maintenance and the support of existing solutions for a designated area.

Detailed description

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

• Develop, maintain and communicate strategy-aligned functional plans, policies and procedures, systems for approval and performance expectations for the division.
• Ensure an alignment with defined architectures and information governance policies and standards, and contribute towards the renewal of such architectures, policies and standards, where appropriate.
• Foster the culture of innovation within the division, ensuring improved methods of delivery and maturity of processes.
• Be accountable for the effective and efficient delivery of solutions and the maintenance and support of such solutions deployed based on agreed objectives and targets.
• Mature the functions as centres of excellence.
• Ensure the management of identified risks and audit findings and implement mitigation actions within the agreed timelines.
• Prioritise work, manage resource utilisation and the quality of deliverables, and control costs to ensure an alignment with related functions and the organisational value chain.
• Manage stakeholder and service provider relationships for the effective delivery of services.
• Create a performance culture in the division, define performance expectations and conduct effective performance management of direct reports.
• Drive priority development for employees, promoting career management and the application of newly acquired knowledge and skills.

QUALIFICATIONS

Job requirements

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

an Honour’s degree (NQF 8) or an equivalent qualification; 

• experience in an IT technical environment, with the emphasis on payment systems (domestic and cross-border), treasury management systems, banking systems, regulatory financial reporting systems and financial messaging systems (SWIFT);
• 10–12 years’ experience in an IT environment; and 
• a minimum of five years’ experience in general management.

Additional requirements include:

• industry, organisational and business awareness;
• experience in the financial and banking industry;
• experience in the management of service providers;
• experience in leading change;
• managing complexity and ambiguity;
• have a high degree of self-motivation and drive;
• an ability to work after hours, when necessary; and 
• skills in:
• strategic alignment; 
• project management;
• strategic and conceptual thinking;
• problem-solving and analytical thinking;
• innovation and creativity;
• judgement and decision-making;
• leadership;
• negotiation;
• interpersonal relationships and communication (verbal and written); and
• presentation.

Legal Counsel – LSD

JOB DESCRIPTION

Brief description

The main purpose of this position is to provide comprehensive and effective legal support to the South African Reserve Bank (SARB) and its subsidiaries (collectively called the “SARB Group”) in the field of commercial law, ranging from facilities agreements, information technology, professional services contracts for training programs, fixed term contracts, learnerships to dispute resolution.  The role will have a specific focus on infrastructure and facilities (waterproofing, waste management), installations (supply and installation of equipment, power and water supply, minor building works and maintenance) as well as technology matters (software licenses, maintenance and support, professional services) and general legal assistance to the Procurement Division. 

Detailed description

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

• Negotiate, draft and vet various commercial contracts.
• Identify, address and manage potential legal risks within the SARB Group.
• Steer legal processes for internal clients on fairly complex legal challenges and disputes affecting their operations. 
• Conduct research into a wide range of matters relating to commercial, procurement and disputes.
• Take responsibility for addressing issues pertaining to relevant legislation applicable to the SARB Group.
• Review and draft policies, procedures and guidelines for the SARB Group.
• Establish processes to enhance efficiencies within the SARB Group.
• Provide legal advice and opinions.
• Represent the LSD and SARB Group on internal committees, workgroups and/or forums.
• Build and maintain relationships with internal and external stakeholders. 

QUALIFICATIONS

Job requirements

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

• at least an LLB degree or an equivalent appropriate legal qualification; 
• be an admitted attorney, advocate or be a corporate lawyer within a reputable legal practice or within a reputable corporate; and
• at least 5 – 7 years of experience as a practising attorney, advocate or in-house legal counsel / corporate lawyer.

Accounts Clerk – Planning FSD

JOB DESCRIPTION

Brief description

The main purpose of this position is to assist the Senior Finance Business Partners in the Financial Services Department at the South African Reserve Bank (SARB) in delivering financial insights, knowledge and expertise to other departments of the SARB in order to ensure commercially sound decision making.

Detailed description

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

• Engage in short-term planning and perform tasks against work plans as defined in conjunction with the supervisor.
• Perform work independently within established practices as well as given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Identify, evaluate and solve defined, routine and new problems within a familiar context.
• Perform general budgeting duties, including the compilation and consolidation of the annual SARB budget as well as tracking and reporting the SARB’s performance against the approved budget. 
• Assist with financial modelling and insights to help streamline the current budgeting process. 
• Perform general accounting duties and reconciliation in accordance with accounting and SARB polices, relevant accounting and banking standards, and Acts.
• Prepare and provide information related to transactions with a defined context to relevant stakeholders. 
• Engage with relevant stakeholders/clients within the SARB, displaying service orientation in own work and the ability to handle basic queries and explain information fluently.
• Proactively broaden knowledge of own functional area, displaying a willingness to make improvements in own work (including work methods and practices).
• Evaluate own performance against given criteria, and identify and address task-specific learning needs.

QUALIFICATIONS

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

• the minimum of a Bachelor’s degree/Advanced Diploma in Accounting (NQF 7) or an equivalent qualification; and
• the minimum of two years of experience in a financial services environment.

The following would be an added advantage:

• being a newly qualified Chartered Accountant.

Additional requirements include:

• Knowledge of and skill in:
  • industry, organisational and business awareness;
  • quality assurance;
  • continuous improvement;
  • continued learning and/or professional development; 
  • financial modelling;
  • financial reconciliation; and
  • budgeting;
• conceptual thinking;
• effective communication;
• flexibility; 
• a drive for results;
• a learning focus;
• the ability to work in a team;
• a service and stakeholder focus;
• the ability to build and maintain relationships;
• judgement and decision making;
• impact and influence;
• analytical skills and problem solving;
• resilience; and
• the ability to manage complex issues.

Enterprise and Solutions Architect – BSTD

JOB DESCRIPTION

Brief description

The South African Reserve Bank (SARB) is looking to employ seasoned professionals with expertise in enterprise architecture, solutions architecture, domain architecture, integration architecture, data architecture, technology architecture, business architecture, cloud architecture and/or security architecture to augment its Enterprise Architecture team. 

This team is focused on technical principles converging with imaginative problem solving and can be seen as the ‘glue’ that aligns the strategies of the SARB with the other aspects of the organisation, such as maintaining and managing an optimal information technology (IT) systems landscape, developing and managing business processes, data and appropriate technology investment and providing guardrails for safety.

Detailed description

Various roles are available. The successful candidate(s) for each position will be responsible for the following key performance areas:

Solutions Architect

The main purpose of this position is to develop and implement the architectural design of solutions to support the business goals and ensure the alignment of business and IT at a solution level within the SARB.

• Experience in application analysis/architecture and/or design and/or enterprise architecture and/or solutions architecture is required for this position. Experience in the payment ecosystem for interbank transfers, SWIFT and ISO 20022 would be an advantage.

Enterprise Security Architect

The main purpose of this position is to manage the security architecture domain and landscape, develop reference content and ensure the application thereof in the strategic and operational environment for a safer SARB.

• Experience in risk analysis, security architecture, design, enterprise architecture or solutions architecture is required for this position.

Enterprise Architect

The main purpose of this position is to enable business and IT leaders to make investment decisions that balance and prioritise current operational demands, disruptions and opportunities with a longer-term strategic vision of the organisation. The Enterprise Architect would also have to provide technology guidance, roadmaps, principles, standards and best practices that support the strategic goals of the SARB, ensure business and IT alignment and guide Solution Architects.

• Experience in at least three architecture domains such as business architecture, data architecture and application architecture, with at least five years’ enterprise architecture experience is required for this position.

QUALIFICATIONS

Job requirements

To be considered for these positions, candidates must be in possession of:

• a Bachelor’s degree in Informatics, Computer Science, Engineering or a related field (a postgraduate qualification would be an added advantage);
• industry-specific certifications such as TOGAF 9.1 and SABSA Foundation or security industry certifications such as CISSP-ISSAP, GSE and CGEIT; and
• a minimum of eight years’ working experience in any of the specialisation fields.

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