SARB Vacancies

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

1. Chartered Accountant Trainee
2. Senior Database Support Administrator (Teradata and Oracle)
3. Market Risk Analyst
4. Associate Risk Analyst
5. Applications Manager – 1FinSurv 
6. Infrastructure Architect
7. Cloud Architect
8. Associate Bank Analyst – Technical Support (x2)
9. Junior Actuarial Analyst
10. Insurance Analyst -FCSD x2
11. Senior BI Solution Specialist 
12. Treasury Administrator
13. Anti-Money Laundering and Counter-Financing of Terrorism Analyst
14. Manager – Quantitative Analyst
15. IT Financial Analyst
16. Microsoft 365 Specialist (Voice)
17. Senior Team Lead − Messaging and Collaboration
18. IT Service Management Platform Specialist 

Chartered Accountant Trainee

JOB DESCRIPTION

Brief description

The South African Reserve Bank (SARB) invites passionate, innovative and talented applicants to apply for its 2025 Chartered Accountant (CA) Training Programme.

Detailed description

The aim of the programme is to address the shortage of CAs in the SARB and in the country. Trainees will be given an opportunity to acquire competencies prescribed by the South African Institute of Chartered Accountants (SAICA), reinforce prior academic education and develop business acumen, life skills, and professional and ethical values.

Format of the programme

Trainees will be placed, on rotation, in the various departments and subsidiaries of the SARB, thus obtaining practical experience and a good overview of the business of central banking.

Duration of the programme: Three years (starting in February 2025).

QUALIFICATIONS

Job requirements

To be considered for the programme, candidates must:

• have completed or be in the process of completing a SAICA-accredited:
  • Certificate in the Theory of Accounting (CTA); or
  • Postgraduate Diploma in Accounting (PGDA) or an equivalent qualification; and
  • post passing the CTA or PGDA, be eligible to write the Initial Test of Competence (ITC) Board examination.
• have an academic performance record average of at least 60%; and 
• be a South African citizen. 

Additional requirements include:

• strong analytical skills;
• attention to detail;
• good communication and interpersonal skills; and   
• be curious, self-motivated and resilient.

Senior Database Support Administrator (Teradata and Oracle)

JOB DESCRIPTION

Brief description

The main purpose of this position is to manage the performance, integrity and security of the database management systems implemented as part of the 1FinSurv Solution in the South African Reserve Bank (SARB). This includes being involved in the planning and development of databases and to troubleshoot database-related issues on behalf of the application owners.

Detailed description

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

• Be responsible for the installation, configuration, maintenance and upgrading of the Teradata and Oracle database environments. 
• Participate in the establishment and maintenance of database standards and procedures, in accordance with the information technology (IT) governance within the SARB’s Business Solutions and Technology Department (BSTD).
• Work independently to deliver outputs that meet the turnaround time and quality standards expected by business. (This includes the design of databases, the management of physical database structures and the resolution of database-related incidents).
• Display an ability to provide solutions and approaches to database-related problems (barring those of high complexity and risk). 
• Provide management information for reporting on the quality, turnaround times and impact of database deliverables. 
• Stay current with Teradata and Oracle developments and conduct research into new database technologies that would benefit or enhance the database administration function within the SARB.
• Perform database backups and restoration (as per schedule) so that all data are recoverable, even in emergency situations (disaster recovery).
• Adhere to the SARB’s IT and information security standards, processes and procedures (i.e. change management and logical access). 
• Perform database capacity planning and comply with the software licence agreements.
• Attend to incidents and requests for service calls, ensuring that resolution is timeous and in line with service standards. 
• Perform monthly database maintenance activities over maintenance weekends, deploying patches and applying fixes.

QUALIFICATIONS

Job requirements

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

• a Bachelor’s degree in IT or Computer Science, or an equivalent qualification (NQF 7); and
• at least 8-10 years’ experience, including being progressively more responsible for database administration and related technologies. The preferred technologies are Teradata and Oracle.

Technical requirements include having experience in:

• the implementation, tuning and maintenance of Teradata and Oracle database solutions;
• the implementation of high availability (HA) and disaster recovery (DR) for database solutions; and
• Redhat OpenShift Container Platform (OCP), OpenText xECM, SharePoint, SAS and PowerBI would be advantageous.

Additional requirements include:

• problem-solving and analytical skills;
• industry, organisational and business awareness knowledge;
• IT governance, risk and compliance knowledge and skills;
• continued learning and/or professional development knowledge;
• continuous improvement knowledge and skills;
• applications support and maintenance knowledge and skills,
• System Development Life Cycle (SDLC) design, testing and development knowledge and skills;
• attention to detail; and
• technical report-writing skills.

Market Risk Analyst

JOB DESCRIPTION

Brief description 

The purpose of this position is to assess, monitor and manage market risk exposures in line with the South African Reserve Bank’s (SARB) risk tolerance.

Detailed description 

The successful candidate will be responsible for, among other things, the following key performance areas:

• Analyse, assess and evaluate financial, market and business information in order to report on market risks to facilitate informed decision making on the foreign exchange, gold and other fixed-income reserve portfolios of the SARB.
• Prepare and coordinate daily, weekly, monthly, quarterly and annual risk reports and provide analysis on the market risk measures and how they impact the SARB’s investments.
• Develop and recommend strategies for market risk management of the SARB’s  investment portfolios.
• Conduct research on market risk developments and make recommendations based on the findings.
• Assist in the conceptualising and building of market risk models for calculating market risks associated the SARB’s portfolios and particular trades or strategies. 
• Contribute towards the formulation of market risk-related policies and ensure the implementation thereof.
• Coordinate the deliverables of team members in the context of projects and reporting.
• Participate in cross-functional activities for the alignment and harmonisation of risk-related information.
• Develop and maintain business relationships with experts in the financial markets industry.
• Create and maintain procedure manuals for operational purposes.
• Provide guidance and mentorship to analysts in the division.
• Maintaining sound relationships with all stakeholders.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• an Honours degree (NQF8) or equivalent in Investment Management, Risk Management, Finance, Accounting or a related field; and 
• a minimum of five years’ experience in market risk management and various aspects of financial. 

The following will be an added advantage

• as a Chartered Financial Analyst (CFA), Professional Risk Management (PRM) or Financial Risk Manager (FRM) qualification and project management skills.
• knowledge of Environmental Social and Governance investment processes.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Associate Risk Analyst

JOB DESCRIPTION

Brief description 

The main purpose of this position is to provide credit risk analysis in the Risk Management Section of the Financial Markets Department within the South African Reserve Bank (SARB).

Detailed description 

The successful candidate will be responsible for, among other things, the following key performance areas:

• Analyse, assess, evaluate and report on credit risk, to facilitate informed investment decision making.
• Contribute towards the formulation and implementation of policies related to credit risk.
• Conduct research on credit-risk developments and make recommendations based on the findings and best practices.
• Assist in the development of strategies for credit-risk management.
• Assist in the conceptualising and building of risk models for calculating risks associated with counterparties, portfolios and particular trades or strategies.
• Conducting fundamental credit analysis, including, financial statement analysis for the selection, evaluation and management of the credit quality of the SARB’s counterparties.
• Participate in cross-functional activities for the alignment and harmonisation of risk-related information.
• Develop and maintain business relationships with experts within the financial markets industry.
• Develop and maintain procedure manuals for operational purposes.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• an Honours degree (NQF8) in Finance, Risk Management, Investment Management or an equivalent qualification; and
• two to five years’ experience in investment risk management or a related field.

The following will be an added advantage

• either the Chartered Financial Analyst, Financial Risk Manager or Professional Risk Manager designation.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Applications Manager – 1FinSurv 

JOB DESCRIPTION

Brief description

The main purpose of this position is to manage and coordinate resources in support of current operations and support enhancements of the 1FinSurv Solution in the Financial Surveillance Department (FinSurv). The 1FinSurv Solution continues to be delivered by the Transformation Programme (1FinSurv Programme) within the South African Reserve Bank (SARB).

Detailed description

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

• Manage operational planning by developing short-term work plans in line with the FinSurv and Business Solutions and Technology Department (BSTD) strategy and business plans and communicate section activities. 
• Manage and improve workflow and the application of processes, procedures and systems. 
• Make suggestions for refining policies, processes and systems and improve alignment with related divisional processes and systems.
• Manage and facilitate the delivery of section-specific outputs, including the timely delivery of projects and readiness of solutions to transition into operations. 
• Educate and embed an Agile delivery approach with the team and stakeholders.
• Optimise section resource use, allocate work and manage the accountability of resources as well as provide input into cost management. 
• Manage stakeholder relationships to ensure the timely delivery of quality information technology (IT) solutions in accordance with business requirement specifications. 
• Identify gaps and inefficiencies (including governance, management of risks and audit findings) in the work of the section and take specific actions for the implementation of improvements. 
• Manage, monitor, evaluate and report on the quality, turnaround and impact of section deliverables. 
• Encourage a performance culture in the section, define performance expectations and conduct effective performance management of direct reports. 
• Drive priority development of employees by promoting and supporting the career management and development of direct reports.  
• Drive innovation and apply the necessary changes to improve application processes and systems to align with global best practices.
• Execute the IT strategy within the section.  
• Enable a business intelligence and analytics capability in FinSurv and the SARB.

QUALIFICATIONS

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

• an Honour’s degree (NQF 8) in Computer Science or an equivalent qualification;
• 8 to10 years’ experience in an IT environment, with two years’ experience in managing staff; and
• experience in managing applications utilising a containerised or cloud environment would be advantageous.   

Additional requirements include having knowledge and skill in:

• Agile delivery and progress reporting;
• cross-border transaction regulations;
• industry, organisational and business awareness;
• IT enablement reporting;
• continuous learning and/or professional development;
• quality assurance; 
• continuous improvement; 
• business continuity planning;
• IT enablement strategy;
• IT enablement legislation, governance, risk and compliance;
• IT transformation and innovation;
• IT enablement project management;
• application design, development, maintenance and support;
• infrastructure design and development;
• systems integration;
• database management;
• asset and inventory management;
• business intelligence; and
• capacity and performance management.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Infrastructure Architect

JOB DESCRIPTION

Brief description

The main purpose of this position is to research, plan, architect, design and deploy infrastructure (servers, mainframe, storage, etc.) solutions within the South African Reserve Bank Group (SARB Group).

Detailed description

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

• Research and recommend emerging and fit-for-purpose infrastructure (servers, mainframe, storage, etc.) solutions and participate in the procurement of such solutions aligned to the business strategy.
• Define and evolve the SARB Group infrastructure architecture in alignment with the to-be architecture.
• Plan and develop infrastructure architecture blueprints and roadmaps for infrastructure solutions in alignment with industry best practices and standards.
• Oversee the implementation of infrastructure designs and ensure alignment with industry best practices and standards.
• Provide expert guidance on infrastructure architectures and optimisation.
• Oversee the management of the infrastructure technology life cycle.
• Lead the design of infrastructure solutions.
• Implement and maintain the governance and security model for the infrastructure as developed by the Cyber and Information Security Unit.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed infrastructure solutions and technologies.
• Identify, address and remediate risks in the infrastructure environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in infrastructure architectures and technologies.
• Provide architectural expertise as part of information and communications technology (ICT) infrastructure projects and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.

QUALIFICATIONS

Job requirements

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

• a minimum of a Honours degree (NQF 8) in IT, computer science or an equivalent qualification;
• TOGAF certified;
• ITIL v3/4 and COBIT 2019 will be an added advantage;
• VMware Certified Professional (VCP) will be an added advantage; and
• a minimum of 8–10 years’ experience in infrastructure architecture with a strong track record of designing and implementing infrastructure solutions in enterprise organisations.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance; and
• continued learning and/or professional development;
• excellent technical knowledge of infrastructure services;
• continuous improvement of infrastructure services;
• comprehensive hands-on infrastructure services troubleshooting experience;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaising with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant; and
• understanding of the department’s goals and objectives.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Cloud Architect

JOB DESCRIPTION

Brief description

The main purpose of this position is to research, plan, architect, design and deploy infrastructure cloud solutions within the South African Reserve Bank Group (SARB Group).

Detailed description

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

• Research and recommend emerging and fit-for-purpose infrastructure (servers, mainframe, storage, etc.) solutions and participate in the procurement of such solutions aligned to the business strategy.
• Define and evolve the SARB Group’s cloud architecture in alignment with the to-be architecture.
• Plan and develop cloud architecture blueprints and roadmaps for cloud solutions in alignment with industry best practices and standards.
• Oversee the implementation of cloud infrastructure designs and ensure alignment with industry best practices and standards.
• Provide expert guidance on cloud adoption and cloud cost management strategies.
• Oversee the management of the cloud technology life cycle.
• Lead the design of cloud native solutions.
• Implement and maintain the governance and security model for the cloud as developed by the Cyber and Information Security Unit.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the cloud infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed cloud infrastructure solutions and technologies.
• Identify, address and remediate risks in the cloud environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in cloud architectures and technologies.
• Provide cloud architectural expertise as part of information and communications technology (ICT) infrastructure projects and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.

QUALIFICATIONS

Job requirements

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

• a minimum of a Honours degree (NQF 8) in IT, computer science or an equivalent qualification;
• TOGAF certification;
• ITIL v3/4 and COBIT 2019 will be an added advantage;
• AWS Certified Solutions Architect;
• Microsoft Certified: Azure Solutions Architect;
• VMware Certified Professional (VCP) will be an added advantage;
• Certified Cloud Security Professional (CCSP) will be an added advantage; and 
• a minimum of 8–10 years’ experience in cloud infrastructure architecture with a strong track record of designing and implementing cloud infrastructure solutions in enterprise organisations.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance; and
• continued learning and/or professional development;
• excellent technical knowledge of cloud services;
• continuous improvement of cloud services;
• comprehensive hands-on cloud services troubleshooting experience;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaising with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant; and
• understanding of critical IT processes (incident, configuration and change management) and other technical procedures.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Associate Bank Analyst – Technical Support (x2)

JOB DESCRIPTION

Brief description

The purpose of this position is to enable the Prudential Authority (PA) to discharge its supervisory responsibilities impacted by accounting and auditing matters. The incumbent will be part of a team of specialists responsible for providing technical advice to PA departments in the fields of accounting and auditing, with the goal of promoting safe and sound regulated financial institutions, thereby contributing to the financial stability of the South African financial sector.

 Detailed description

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

• Keep abreast of accounting and auditing developments affecting the regulated financial sector through reviewing pronouncements issued by the International Accounting Standards Board (IASB), International Auditing and Assurance Standards Board (IAASB), the Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS) as it pertains to the industry. 
• Provide technical support to the PA departments on the interpretation and application of accounting and auditing standards affecting the regulated institutions. 
• Liaise with external stakeholders such as the South African Institute of Chartered Accountants (SAICA), the Independent Regulatory Board for Auditors (IRBA), the Banking Association South Africa (BASA), the Association for Savings and Investment South Africa (ASISA) and the South African Insurance Association (SAIA) on accounting and auditing matters affecting the banking and insurance industries. 
• Monitor accounting- and auditing-related industry data and associated trends. 
• Engage with banks, insurance entities, auditors and other relevant parties on the implementation and impact of new accounting and auditing standards. 
• Assess the impact of accounting and auditing pronouncements on the South African regulatory framework and assist with related policy formulation. 
• Provide support to members of the BCBS and IAIS subcommittees, for example, the Policy Development Group, the Accounting Experts Group and the Accounting and Auditing Working Group, on accounting and auditing matters for input into policy formulation. 
• Ensure alignment of the regulatory returns with IFRS Accounting Standards requirements.  
• Assist with accounting- and auditing-related training within the PA, where applicable.

QUALIFICATIONS

Job requirements

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

• a postgraduate qualification in Accounting or Auditing, or Chartered Accountant (South Africa) (CA(SA)) or Chartered Financial Analyst (CFA) qualification; 
• an understanding of the Basel framework for banks and/or the solvency assessment and management (SAM) framework for insurers; 
• practical experience in the banking and/or insurance environment; and
• practical experience in the technical accounting and/or auditing of banks and/or insurance companies.

Additional requirements include:

• competence in basic office information technologies;
• a self-starter and being able to function independently and proactively;
• proficiency in verbal and written communication; and
• ability to work well under pressure.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Junior Actuarial Analyst

JOB DESCRIPTION

The main purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of non-life actuarial risks in insurance entities. The successful candidate will be involved in operational duties associated with on- and off-site analysis and will be part of a team of risk specialists in the PA responsible for providing specialist knowledge, skills and experience in the non-life actuarial risk management area.

Detailed description

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

• Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
  • scrutinising the financial soundness of non-life insurers; 
  • participation in on-site visits to non-life insurers; and 
  • the consideration of internal model approvals.
• Scrutinise and check the compliance of submissions by non-life insurers’ actuaries.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

QUALIFICATIONS

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

• have a relevant Bachelor’s degree in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from at least two A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• 0 – 2 years’ relevant working experience, preferably in the non-life insurance industry.

The following would be an added advantage:

• good communication (verbal and written) skills;
• ability to perform under pressure without compromising quality;
• ability to work independently and within a team;
• good interpersonal skills; and
• proactive problem-solving skills.

Job related skills and knowledge:

•  Solvency Assessment and Management (SAM) experience;
•  computer literacy (preferably including programming skills);
•  ability to understand complex financial models; and
•  ability to deal professionally with internal and external clients.

Additional requirements are as follows:

• knowledge of the Insurance Act 18 of 2017;
• knowledge of the Prudential Standards;
• knowledge of the risks that insurers take;
• ability to influence, build and maintain relationships; and
• reliable own transport, as the position requires travel between the PA’s temporary offices in Irene and the offices of supervised entities that are generally outside of Pretoria.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Insurance Analyst -FCSD x2

JOB DESCRIPTION

Brief description                                                                                                                 

The main purpose of this position is to perform prudential oversight over registered insurance companies on a solo and group level through a combination of on- and off-site monitoring and supervision to ensure the financial soundness and sound governance of these insurance entities.         

Detailed description

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

• Supervise insurers and insurance groups within the portfolio through a combination of on- and off-site supervisory tools, focusing on both quantitative and qualitative financial and non-financial information, to identify and assess risks and then propose mitigating actions.
• Provide input into the development and implementation of a prudential risk-based supervisory plan for each insurer and insurance group within the portfolio.
• Provide input and assistance into the development and implementation of the regulatory framework.
• Analyse quantitative and qualitative data through the statutory submissions received from insurers and insurance groups. 
• Assist with, and provide input into, the co-ordination and implementation of interventions for problematic insurers and/or insurance groups, as per the supervisory ladder of intervention.
• Maintain databases and records of all relevant information on the insurers and insurance groups within the portfolio.
• Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the South African Reserve Bank (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.
• Process the notifications and applications of a financial and non-financial nature. 
• Promote efficient, fair and sustainable insurance markets as well as policyholder protection.

QUALIFICATIONS

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

• a postgraduate qualification (NQF 8) in Accounting, Banking, Economics, Finance, Insurance or Risk Management, or a relevant equivalent qualification; and 
• at least 5–8 years of relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills;
• time management;
• confidentiality; 
• influence;
• building and maintaining relationships;
• knowledge of the financial sector, specifically of the insurance industry; 
• knowledge of corporate governance as well as risk management practices and standards; and
• knowledge of the International Association of Insurance Supervisors (IAIS) principles and standards as well as other relevant legislation.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Senior BI Solution Specialist 

JOB DESCRIPTION

Brief description

The main purpose of this position is to develop and maintain detailed technical designs and ensure alignment of the implementation and maintenance thereof with respect to all business intelligence (BI) solutions across the South African Reserve Bank (SARB).

Detailed description

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

• Develop detailed technical domain-specific BI technology and solution standards in adherence to, and in line with, enterprise architecture (EA) standards, strategy and product roadmaps. 
• Translate business requirements into detailed solution designs and technical specifications, and guide the development of end-to-end BI solutions, ensuring that the implementation adheres to the specifications.
• Guide product owners and application technical specialists on infrastructure, application configuration and software licensing requirements for implementation of the BI solutions. 
• Apply architectural and engineering concepts in designing detailed technical solutions that meet operational requirements, such as scalability, maintainability, security, reliability, extensibility, flexibility, availability and manageability.
• Lead, guide and review various phases of the software development life cycle (SDLC) to ensure adherence to project-specific solution designs and EA standards. 
• Ensure that technology solutions which are production ready meet the defined design specifications and do not impose risks to the SARB.
• As a subject matter expert, lead BI proofs of concept and prototypes when introducing new BI technologies into the SARB.
• Continually review BI solution architectures and designs, and provide recommendations for improvement to senior management and relevant stakeholders.
• Keep abreast of industry best practices and technologies, and lead the implementation  thereof to design and optimise effective and efficient data solutions.
• Impart knowledge of the technical environment to the product team as well as system developers, database administrators, and infrastructure and EA teams.
• Own and be accountable for the delivery of technical BI solution design workstreams while also mentoring and guiding more junior colleagues.

QUALIFICATIONS

Job requirements

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

• An Honours or equivalent (NQF 8) qualification in Computer Science, Engineering, Mathematics, Information Management/Technology or related;
• 8 to 10 years working experience in solutioning, designing and implementing complete BI solutions at an enterprise level; and
• Solid working experience with Oracle Data Integrator (ODI).

The following would be an added advantage:

• TOGAF and ITILv3 certifications;
• experience across the BI platforms, such as Microsoft Power BI Reporting Server and Services, Informatica, Teradata, AWS and Azure;
• proficient in SQL, Oracle and AIX;
• solid experience in translating business requirements into detailed BI designs (conceptual, logical and physical), with a focus on re-usability;
• practical knowledge of software engineering concepts and best practices, including DevOps, DevSecOps, DataOps;
• familiarity with Time-Series and Graph database types and related technologies (Druid, InfluxDB, Neo4J, etc.);
• ability to scope projects and define workstreams, and effectively lead and mentor more junior colleagues;
• experience in:
  • ODS, data warehouse, data mart, cube, database technologies and big data design and frameworks;
  • designing of various schemas (Star schema, Snowflake schema, Fact    Constellation schema);
  • BI infrastructure components from applications, databases, operating systems and networks;
  • database technologies such Microsoft SQL Server, Oracle Database, MySQL, PostgreSQL, IBM Db2 and NoSQL, with a strong knowledge of database fundamentals (normalisation and de-normalisation).

Additional requirements include:

• client/service orientation;
• effective communication skills;
• judgement and decision-making skills;
• service and stakeholder focus;
• drive for results; 
• planning and organising skills; 
• problem-solving and analytical skills; and
• conceptual thinking skills.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Treasury Administrator

JOB DESCRIPTION

Brief description

The main purpose of this position is to safeguard the assets of the South African Reserve Bank’s (SARB) Johannesburg Cash Centre and facilitate cash transactions to ensure an adequate supply of acceptable-quality banknotes to the industry to meet public demand.

Detailed description

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

• Plan and perform tasks against work plans as defined with the team leader.
• Manage the vault to ensure a sufficient supply of banknotes to the cash industry.
• Capture and verify bulk deposits and withdrawals according to the laid-down procedures.
• Verify that the personnel from the cash industry collecting or depositing banknotes are authorised to do so.
• Mitigate risks by ensuring the adherence to controls, established practices, processes, rules and regulations.
• Provide information relating to cash transactions to the team leader for decision making.
• Review and authorise work pertaining to cash transactions to ensure the accuracy and completeness of information integrated with the National Cash Management System, including preparing the necessary documentation for the payment of charges.
• Act as a liaison and engage with external stakeholders for the timeous completion of cash transactions.
• Evaluate own performance against given criteria and identify and address any task-specific learning needs.

QUALIFICATIONS

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

• a National Diploma in Business Management (NQF 6) with Accounting as a major subject or an equivalent qualification; and
• two to five years of work experience in a cash environment.

Additional requirements include:

• verbal and written communication skills; 
• planning and organising skills;
• judgement and decision-making skills;
• problem-solving skills;
• service and stakeholder focus; 
• attention to detail; 
• drive for results; and 
• resilience.

Anti-Money Laundering and Counter-Financing of Terrorism Analyst

JOB DESCRIPTION

Brief description

The main purpose of this position is to assist the Prudential Authority (PA), within the South African Reserve Bank (SARB), in discharging its supervisory duties as defined in the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act).

Detailed description

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

• Participate in targeted on-site inspections at banks, mutual banks, life insurers, cooperative banks, banks’ subsidiaries in foreign jurisdictions and branches of foreign banks domiciled in South Africa, to test compliance with the provisions of the FIC Act with regard to anti-money laundering, counter-financing of terrorism and counter-proliferation financing (AML/CFT/CPF).
• Lead inspections targeted at banks and life insurers to assess compliance with the FIC Act and FATF standards, including travelling to banks’ subsidiaries in foreign jurisdictions.
• Manage AML/CFT inspection processes and present findings to the supervised institutions.
• Analyse and interpret data from banks and life insurers.
• Draft and review the documents, correspondence, presentations etc.
• Assist in PA projects,which enhance effectiveness and drive AML/CFT/CPF supervision efficiency.
• Attend meetings with respective stakeholders as and when required.
• Provide inputs into inspection reports and closing letters to the management of banks and life insurers.
• Undertake ad hoc projects pertaining AML/CFT/CPF work.

QUALIFICATIONS

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

• a Post graduate degreein Law, Accounting, Auditing, or Finance  an equivalent qualification; and
• 5 to 8 years’ practical experience in AML/CFT/CPF compliance within the banking and/or life insurance industry.

Additional requirements include:

• knowledge of the provisions of the FIC Act, FIC Regulations and guidance products issued by the FIC and the PA;
• knowledge of international standardsrelating to AML/CFT/CPF (i.e. the FinancialAction Task Force 40 Recommendations and the Basel Core Principles and Guidelines);
• knowledgeof the Banks Act, the Regulations relatingto Banks and the Financial Sector Regulation Act;
• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail; 

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Manager – Quantitative Analyst

JOB DESCRIPTION

Brief description

The objective of the role is to lead a team of quantitative analysts which focuses mainly on the risk measurement models used for credit risk, market risk, and operational risk and in some instances, the focus will extend to economic capital and stress testing. 

Detailed description

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

• Leading and managing a team of quantitative analysts responsible for 
• assessing banks’ applications to calculate regulatory capital on advanced approaches such as the advanced internal rating-based (AIRB) approach;
• assessing material changes made to the risk measurement models used for regulatory capital calculation of banks already on the AIRB approach;
• assessing banks’ applications to calculate regulatory capital on advanced approaches such as the advanced internal rating-based (AIRB) approach;
• monitoring and analyzing risk measurement models throughout the industry, including the analysis of data and conducting of thematic reviews; and
• providing, as required, specialist training to risk support and frontline supervision staff members on risk measurement models used by banks.
• Providing technical assistance and guidance to a team of quantitative analysts.
• Managing team deliverables, including work plans, resource allocation, supervision of the team, understanding of processes and systems, as well as driving change and innovation.
• Managing deliverables of a team of quantitative analysts, thereby ensuring that model-based regulatory data reported by banks have integrity and validity.
• Managing team performance and talent management, including learning and development of team members and succession planning.
• Contribute to the team’s compliance with the South African Reserve Bank’s governance, risk management, and information management policies and procedures.
• Contribution to special projects in the Prudential Authority.

QUALIFICATIONS

To be considered for this position, candidates must have:

• A postgraduate degree (at least NQF level 8) in Mathematics, Statistics, Actuarial Science, or a related field.
• 8 – 10 year’s working experience in model validation and / or model development in the financial sector.
• Two years of experience in managing people.

Job related knowledge:

• Working knowledge of the various legislation and related supervisory frameworks applicable to financial entities registered in South Africa.
• Understanding of key issues and risks facing registered financial entities in South Africa.
• Knowledge of, and experience in, the financial system, financial products, risk models and systems. 
• Fully conversant with the Basel framework at both a theoretical and practical level. 
• Knowledge of relevant risk management practices and standards. 
• Expertise in regulatory models, and model validation methodologies.

Job related skills and attributes

• Thought leadership
• Problem solving and analysis
• Keeping abreast of emerging risks in the financial sector
• Financial and business acumen
• People management skills
• Influencing, building, and maintaining relationships

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

IT Financial Analyst

JOB DESCRIPTION

Brief description

The main purpose of this position is to perform the financial accounting function and provide financial insights and expertise to the Business Solutions and Technology Department (BSTD) to ensure accurate accounting of information and technology (IT) assets, budgeting and financial reporting. 

Detailed description

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

• Analyse and interpret budget data and provide guidance in line with accounting principles on improving budgeting and spend.
• Report on expenditure trends (run rate), with comprehensive analyses of underlying causes of over or under expenditure.
• Provide financial expertise and knowledge to BSTD to ensure International Financial Reporting Standards (IFRS), in particular International Accounting Standard 38 (IAS38), are correctly applied to departmental financial transactions.
• Perform the accounting function in accordance with the South African Reserve Bank’s (SARB) standards, policies and cost accounting principles.
• Report and perform analyses on cloud costs and utilisation.
• Prepare monthly, quarterly and yearly financial reports on capital and operational expenditures for submission to BSTD’s Executive Committee and the SARB’s Financial Services Department.
• Engage with relevant internal and external stakeholders to promote a culture of cost accountability and visibility.
• Stay current with developments and proactively broaden knowledge of new financial accounting standards.
• Ensure accurate financial accounting of IT assets.
• Propose and implement the refinement and continuous improvement of systems, tools, controls, methods and processes in own functional area.

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor of Commerce (Accounting) degree (NQF 7); and
• a minimum of four years’ experience working as an Accountant.

Additional requirements include:

• conceptual thinking skills;
• effective communication skills;
• drive for results;
• ability to work in a team;
• service and stakeholder focus;
• judgement and decision-making skills;
• analytical and problem-solving skills;
• resilience;
• managing complexity and ambiguity;
• building and managing relationships;
• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance and monitoring controls;
• continuous learning and/or professional development;
• financial strategic planning;
• financial legislation and governance, risk and compliance;
• financial project management;
• financial forecasting and budgeting;
• financial cost and management accounting;
• financial analysis and reporting;
• financial reconciliation;
• information and technology asset management; and
• business continuity planning.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Microsoft 365 Specialist (Voice)

JOB DESCRIPTION

Brief description

The main purpose of this position is to provide specialised technical expertise and recommendations as well as third-level support on Microsoft 365 products and services while ensuring their optimum availability and performance, and troubleshooting problem areas in a timely and accurate manner.

Detailed description

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

• Design, configure, test and deploy Microsoft 365 products and services. 
• Provide maintenance and third-level support services on all Microsoft 365 products and services to ensure continued availability and performance of the technologies.
• Troubleshoot and perform root-cause analysis related to Microsoft 365 products and services.
• Manage the technology life cycle on all Microsoft 365 products and services.
• Implement and maintain the governance and security model for the platform as developed by the Cyber and Information Security Unit. 
• Proactively monitor and report on the availability and reliability of Microsoft 365 products and services. 
• Provide periodic reports on the health, usage, performance and life cycle status of the platform. 
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures and instructional documents relating to the Microsoft 365 products and services according to best practice to ensure continuity.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed technologies.
• Remediate security vulnerabilities identified on the platform. 
• Stay abreast of new development in Microsoft technologies.

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor’s degree (NQF 7) in Information Technology (IT) or an equivalent qualification; 
• Microsoft 365 certified: Engineer Speciality; 
• ITIL v3/4 and COBIT 2019 certifications; and
• a minimum of five to seven years’ experience in an IT support environment and in managing and administering a Microsoft 365 environment.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• continuous learning and/or professional development knowledge and skill; 
• effective communication skills;
• conceptual thinking skills;
• building and managing relationships;
• flexibility;
• drive for results;
• experience working in a team-oriented, collaborative environment;
• able to prioritise and execute tasks in a high-pressure environment;
• judgement and decision-making skills;
• analytical and problem-solving skills;
• resilience;
• service and stakeholder focus and 
• ability to function independently (self-starter).

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Senior Team Lead − Messaging and Collaboration

JOB DESCRIPTION

Brief description

The main purpose of this position is to plan, direct and manage the design, implementation, installation and support of collaboration systems (Microsoft 365 (M365), audio-visual and video-conferencing (AV/VC), virtual desktop infrastructure (VDI) and digital signage technologies) to ensure the stable operations of the South African Reserve Bank’s (SARB) collaboration systems. This includes developing, configuring, maintaining, supporting and optimising all new and existing collaboration solutions.

Detailed description

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

• Develop, document and manage the implementation of best practices, collaboration systems standards and standard operating procedures for installing, configuring, maintaining and troubleshooting collaboration systems issues.
• Design, manage and implement short- and long-term strategic plans to ensure that collaboration systems capacity meets existing and future requirements.
• Develop roadmaps and adoption plans and create and maintain awareness on collaboration solutions (M365, AV/VC, VDI and digital signage technologies).
• Develop and deploy methodologies for measuring the performance of collaboration systems and provide associated statistics, reports and recommendations.
• Lead the investigation, planning, design, testing, implementation and support of collaboration systems according to industry standards and ensure the provision of collaboration solutions in accordance with agreed-upon business requirements that are aligned with cost-containment initiatives.
• Research and recommend collaboration products and services, and negotiate with potential vendors in support of collaboration systems procurement activities.
• Be responsible for coaching, mentoring, developing and managing the performance of the team.
• Manage the security on the collaboration systems by ensuring secure configuration and continuous patching.
• Build and manage key stakeholder relationships to ensure the delivery of quality services and participate in other departmental/divisional projects to contribute towards business objectives.
• Identify, mitigate and manage risks related to collaboration solutions.
• Manage the performance of third-party collaboration solutions service providers in line with business requirements and service standards.
• Provide input into resource planning, cost estimation, budget development and cost control.

QUALIFICATIONS

Job requirements

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

• An Honours degree in Computer Science, Information Systems (NQF 8) or an equivalent qualification;
• a certification in ITIL and COBIT; and
• 8 to 10 years’ experience in an information technology (IT) environment

Additional Requirements include;

• IT service continuity skills; and
• knowledge and skill in:
• collaboration;
• quality assurance;
• infrastructure design and development;
• IT reporting;
• contract and associated service management;
• industry, organisational and business awareness;
• continued learning and/or professional development; and
• continuous improvement

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

IT Service Management Platform Specialist 

JOB DESCRIPTION

Brief description

The main purpose of this position is to maintain and optimise ServiceNow, a cloud-based management platform that automates information technology service management (ITSM) and other business processes ensuring their optimum availability and performance.

Detailed description

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

• Configure, test and deploy ServiceNow modules.
• Provide maintenance and third-party level support services on all ServiceNow workflows to ensure the continued availability and performance of the platform.
• Troubleshoot and perform root-cause analysis related to the ServiceNow platform.
• Manage the technology life cycle on the ServiceNow platform.
• Implement and maintain the governance and security model for the platform as developed by the Cyber and Information Security Unit.
• Proactively monitor and report on the availability and reliability of the ServiceNow platform.
• Provide periodic reports on the health, usage, performance and life-cycle status of the platform.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the ServiceNow platform and in accordance with best practice to ensure continuity.
• Collaborate and engage with internal and external stakeholders to understand the business requirements; configure workflows, forms and reports to meet their needs.
• Remediate security vulnerabilities identified on the platform.
• Stay abreast of new development in ServiceNow.

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelors Degree (NQF 7) in computer science, information systems or an equivalent qualification;
• ServiceNow system administrator certification;
• ITIL v3/4 certification; and
• a minimum of 5–8 years’ experience in an IT environment, of which at least 3 years must have been working with ServiceNow platform.

Additional requirements include:

• excellent technical knowledge of the ServiceNow platform;
• quality assurance and testing;
• continuous improvement on ServiceNow incident, change, problem, request, CMDB and knowledge management application;
• continued learning of marketplace, technology changes pertinent to ServiceNow, monitoring tools and ITIL processes;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• exceptional customer service skills;
• ability to analyse, troubleshoot and resolve complex software systems and software applications-related problems; and
• liaise with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

Click here to apply

All the best with your applications.