SARB Vacancies

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

Tester

Job Description

Brief description

The main purpose of this position is to contribute to the plan, design and execution of test plans and test cases that verify software conformance to the defined acceptance criteria (i.e. system behaviours) and feature design documents as well as application standards, thereby ensuring the delivery of quality solutions for the South African Reserve Bank (SARB).

Detailed description

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

• Conduct functional, integration, usability, configuration, installation, system, regression and user acceptance testing.
• Assist with the analysis of business requirements and gap analysis to ensure that comprehensive testing can be performed. 
• Compile and execute test cases and scenarios (including test estimation) to ensure a structured approach during testing.
• Perform defect management to ensure high-quality solutions.
• Produce and communicate the progress for all testing efforts, results, activities, data, logging and tracking.
• Produce quality reports (encapsulating test results and statistics) to support the final approval for implementation of the solution.
• Collaborate with analysts, designers, developers and system owners in the testing of new requirements.

Qualifications

Job requirements

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

• a National Diploma (NQF 6) in Information Technology (IT) or an equivalent qualification;
• two to five years’ experience within an IT environment, specifically in the area of testing.

Additional requirements include:

• conceptual thinking;
• effective communication skills;
• drive for results;
• teamwork;
• service and stakeholder focus;
• building and maintaining relationships; and
• judgement and decision-making 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.

Senior Economist

Job Description

Brief description

The Economic Research Department at the South African Reserve Bank (SARB) is seeking a highly motivated senior economist specialising in model development, big data, artificial intelligence (AI) and econometrics to contribute to the institution’s economic analysis, forecasting and policy research. The successful candidate will join our model development team and help integrate cutting-edge AI techniques and advanced econometric models into our economic forecasting and data analytics processes. 

Detailed description

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

• Develop, enhance and implement economic models for macroeconomic forecasting and policy simulations in line with best practice, which includes using AI methods such as machine learning, natural language processing and big data processing that includes automation to improve efficiencies.
• Present the results of economic modelling and forecasting exercises and policy simulations and/or complex economic phenomena affecting monetary policy.
• Conduct econometric analyses using large and complex datasets to support economic policy decisions.
• Collaborate with cross-functional teams in the development of data-driven insights and predictive models.
• Keep abreast of current developments in AI, data science and econometric techniques, applying them to central bank policies and initiatives.
• Communicate findings through reports, research papers and presentations to policymakers and stakeholders.
• Contribute to theMonetary Policy Review.

Qualifications

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

• A Master’s degree in Economics or an equivalent postgraduate qualification (a PhD would be an added advantage); and
• a minimum of eight years’ work experience in a policy environment, financial institution, or an equivalent field of work.

Additional requirements include knowledge and skills in:

• model development and forecasting;
• programming, with proficiency in open-source software such as ‘R’ and Python, with exposure to EViews and Matlab;
• excellent written and verbal communication in English;
• economic policy research and analysis; 
• innovation and problem-solving;
• following and applying market and industry trends;
• strategic thinking;
• managing complexity and ambiguity;
• planning and organising;
• developing and mentoring/training others; 

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.

Economist

Job Description

Brief description

The Economic Research Department at the South African Reserve Bank (SARB) is seeking a highly motivated economist specialising in model development, big data, artificial intelligence (AI) and econometrics to contribute to the institution’s economic analysis, forecasting and policy research. The successful candidate will join our model development team and help integrate cutting-edge AI techniques and advanced econometric models into our economic forecasting and data analytics processes. 

Detailed description

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

• Develop, enhance and implement economic models for macroeconomic forecasting and policy simulations in line with best practice, which includes using AI methods such as machine learning, natural language processing and big data processing that includes automation to improve efficiencies.
• Present the results of economic modelling and forecasting exercises and policy simulations and/or complex economic phenomena affecting monetary policy.
• Conduct econometric analyses using large and complex datasets to support economic policy decisions.
• Collaborate with cross-functional teams in the development of data-driven insights and predictive models.
• Keep abreast of current developments in AI, data science and econometric techniques, applying them to central bank policies and initiatives.
• Communicate findings through reports, research papers and presentations to policymakers and stakeholders.
• Contribute to theMonetary Policy Review.

Qualifications

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

• A Master’s degree in Economics or an equivalent postgraduate qualification (a PhD would be an added advantage); and
• a minimum of five years’ work experience in a policy environment, financial institution, or an equivalent field of work.

Additional requirements include knowledge and skills in:

• model development and forecasting;
• programming, with proficiency in open-source software such as ‘R’ and Python, with exposure to EViews and Matlab;
• excellent written and verbal communication in English;
• economic policy research and analysis; 
• innovation and problem-solving;
• following and applying market and industry trends;
• strategic thinking;
• managing complexity and ambiguity;
• planning and organising;
• developing and mentoring/training others;

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.

Test Analyst

Job Description

Brief description

The main purpose of this position is to take responsibility for the design, development and execution of test strategies, test plans, test cases and defects management to verify software and infrastructure conformance to the defined acceptance criteria (i.e. system behaviours) and feature design documents as well as application standards to ensure the delivery of quality solutions for the South African Reserve Bank (SARB).

Detailed description

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

• Conduct functional, non-functional, integration, system integration, regression and user acceptance testing.
• Analyse business requirements and perform gap analyses to ensure comprehensive testing is done.
• Compile test strategy, plan and test cases (including test estimation) to ensure a structured approach during testing.
• Evaluate, plan, design, develop and deploy testing techniques for new solutions, products, applications and/or enhancements to existing applications throughout the development life cycles.
• Manage defects and improve the quality of testing through early defects detection.
• Keep abreast of developments in information communications technology (ICT) trends and specifically within the infrastructure-testing arena to develop and design the most appropriate test approaches and solutions.
• Develop progress and quality reports (encapsulating test results and statistics) to support the final approval for implementation of the solution.
• Compile user manuals and conduct training to support the utilisation of the solution.
• Engage with the internal and external user community to ensure that business benefits are realised.

Qualifications

Job requirements

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

• a Bachelor of Computer Science degree (NQF 7) in Information Technology or an equivalent qualification; and
• five to eight years’ experience in infrastructure testing.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• IT enablement legislation and governance, risk and compliance;
• application design and development;
• infrastructure testing; and 
• operations.

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.

SWIFT Administrator

Job Description

Brief description

The main purpose of this position is to administer, maintain, install and support the South African Reserve Bank’s (SARB) payment system as well as the internal and external business processes of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) for the SARB, the Southern African Development Community real-time gross settlement (SADC-RTGS) system and the South African Multiple Option Settlement (SAMOS) system.

Detailed description

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

• Respond to unplanned system outages by investigating, troubleshooting and remediating any incidents.
• Establish and maintain stakeholder relationships with vendors to ensure the efficient running and maintenance of the payment systems (i.e. SWIFT Alliance suite, SWIFTNet Network and SWIFTNet WebAccess infrastructures as well as the SWIFT Hardware Security Model (HSM)).
• Securely install and administer the payment systems to enhance the resilience, redundancy and continuity thereof.
• Be responsible for delivering work that meets the time and quality standards set by more senior staff members.
• Provide second-level support to end users in all departments (e.g. National Payment System Department, Financial Services Department and Financial Markets Department), including proactive preventative maintenance and upgrade of the payment systems.
• Facilitate and coordinate the technical configuration (by vendors) to integrate payment systems into the SARB’s information technology (IT) environment.
• Stay abreast of industry developments and best practice and apply these in the course of own work.
• Improve and standardise work processes in the course of own work and ensure the application of standards and methods in the team.
• Provide technical input (technical diagrams, technical procedures and work instructions) to the development of knowledge-based articles to preserve technical knowledge.

Qualifications

Job requirements

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

• a minimum of a National Diploma in IT (NQF 6) or an equivalent qualification;
• original equipment manufacturer (OEM) accreditations and/or SWIFT-related certifications; and
• a minimum of two to five years’ job-related experience.

Additional requirements include:

• conceptual thinking;
• verbal and written communication skills;
• analysis and problem-solving skills;
• planning and organising skills;
• attention to detail;
• drive for results;
• service and stakeholder focus;
• teamwork;
• learning focus;
• sound judgement; and 
• knowledge and skill in:
  • industry, organisational and business awareness;
  • quality assurance;
  • continuous improvement;
  • continued learning and/or professional development;
  • IT enablement planning;
  • systems integration;
  • systems support;
  • capacity and availability management; and
  • IT enablement reporting.

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.

Strategic Sourcing Consultant: Information Technology

Job Description

Detailed description

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

• Define own work plan and deliverables with guidance from the Category Lead.
• Source IT-related goods and services in accordance with the SARB’s Procurement Policy and relevant legislation, including the Broad-based Black Economic Empowerment Act 53 of 2003.
• Source IT-related goods and services, including, but not limited to, market research, the preparation of requests for tender/proposal/quotation/information, the evaluation of bids, commercial negotiations, recommendations for supplier awarding as well as the preparation and presentation of submissions to relevant committees. 
• Manage the entire value chain of requisitioning, including the contracting cycle.
• Collate and analyse spend data for the execution of IT category management initiatives and the provision of management information. 
• Keep abreast of developments in the procurement field to ensure best practice at the SARB.
• Keep abreast of technology advancements and their effect on the costs of goods and services to be procured.
• Perform spend analyses and formulate category strategies that will lead to benefits (cost reduction or cost avoidance) without causing supply risks. 
• Ensure that the contracts between the SARB and suppliers are commercially sound.

Qualifications

Job requirements

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

• a minimum of a Bachelor’s degree in Commerce, Supply Chain Management or an equivalent qualification; and
• a minimum of five to eight years’ experience in the procurement or supply chain management environment, of which two to three of those years relate to strategic/complex sourcing.

The following would be an added advantage:

• a Chartered Institute of Purchasing and Supply (CIPS) certification.

Additional requirements include:

• knowledge and skills in:
• industry, organisational and business awareness;
• quality assurance;
• continual improvement; 
• continual learning and/or professional development;
• procurement markets; 
• strategic sourcing;       
• category management;
• tendering;       
• contract management; 
• procurement reporting process and metrics;
• internal and external stakeholder engagement;
• effective communication skills;
• impact and influence;
• flexibility; 
• a drive for results;
• the ability to work in a team;
• a service and stakeholder focus;
• judgement and decision-making skills;
• analytical and problem-solving skills;
• resilience; and
• the ability to manage complexity and ambiguity.

Associate Insurance Analyst 

Job Description

Brief description

The main purpose of this position is to help the Prudential Authority (PA) to discharge its supervisory responsibilities regarding industry analysis by disseminating accurate and relevant industry information ‒ including current and emerging industry risk issues ‒ to internal stakeholders within the PA and the South African Reserve Bank (SARB).

Detailed description

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

• Assess the macroeconomic environment and detect the build-up of risks, trends and concentrations in the financial/insurance sector.
• Assist in building a risk-monitoring framework.
• Provide accurate and meaningful information on the financial sector (specifically insurance) to internal stakeholders and other relevant authorities.
• Analyse sector data.
• Prepare and draft reports, graphs and presentations on industry issues and trends. 
• Perform ad hoc duties, including participation in special projects as and when required, coordination and participation in multidisciplinary teams to complete surveys and other requests for information.

Qualifications

Job requirements

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

• a postgraduate degree (NQF 8) in Economics, Accounting, Financial Management and/or Risk Management; and 
• two to five years’ relevant working experience in the financial or insurance sector.

Job-related skills and attributes include:

knowledge of:

• prudential supervision and the supervisory framework applied in South Africa, with special focus on the insurance sector regulation and legislation; 
• relevant risk management standards and practices; and
• research methodologies; 
• an understanding of:
• the key risks life and non-life insurers face and the operating environment of these entities in the sectors;
• the macro-economic environment; and
• accounting principles and financial ratios; 
• advanced working knowledge of Microsoft products (Word, Excel, PowerPoint, Power BI and SQL) and other related software packages; and 
• being skilled in reporting and data visualisation.

Additional requirements include:

• problem-solving and analysis; 
• planning and organising;
• strong analytical skills (data analysis);
• excellent verbal and written communication skills; 
• good interpersonal skills;
• attention to detail; and
• strong presentation 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.

Resolution Planning Specialist

Job Description

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

• Conduct research and draft policies related to the resolution functions of the South African Reserve Bank (SARB).
• Draft plans and assess the operational preparedness of the financial institutions in resolution. 
• Analyse data submitted by financial institutions for the purpose of developing resolution plans and conducting resolvability assessments and present findings to the Senior Resolution Planning Specialist.
• Identify information gaps and develop proposals to address them. 
• Ascertain and interpret industry-wide issues associated with the coordination and management of failing financial institutions and the risks posed by such failures.
• Participate in engagements with financial institutions and industry stakeholders on issues related to resolutions.
• Identify and highlight impediments to orderly resolutions and facilitate internal and/or external meetings to review these and develop recommendations for the SARB executive.
• Stay abreast of international best practices and sector developments, analyse the implications of changes to these for the work of the Resolution Planning Division, and make proposals on how these developments might be applied to improve current practices. 
• Prepare presentations to various SARB and industry forums on matters related to resolutions.
• Execute the day-to-day activities of the Resolution Planning and Crisis Management Division.

Qualifications

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

• a minimum of a Bachelor’s degree in Finance or an equivalent qualification; and 
• at least five years’ job-related experience with a background in finance and/or financial regulation. 

Additional requirements include:

• a good understanding of the financial sector;
• an in-depth understanding of banking, insurance and/or market infrastructures;
• an in-depth knowledge of financial sector regulatory frameworks and international standards;
• an understanding of, and experience in, crisis management;
• proven experience in risk reporting and/or intelligence gathering in the supervision of banks, insurers and/or market infrastructures;
• knowledge of, or experience in, distressed asset management;
• experience in mergers and acquisitions;
• proven facilitation and presentation skills;
• strong interpersonal skills;
• strong verbal and written communication skills; and
• proficiency in Microsoft (MS) Office products such as MS Word, Excel and PowerPoint

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.

Architects (Solution\Security\Integration) 

Job Description

Brief description

The South African Reserve Bank (SARB) is looking to employ seasoned professionals with expertise in enterprise architecture, solutions architecture, physical security architecture, risk analysis and/or design to augment its Enterprise Architecture team.

The team is focused on technical principles and imaginative problem-solving and can be viewed as the ‘glue’ that aligns SARB strategies with other aspects of the organisation by 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 Architects

The main purpose of this position is to develop and implement the architectural design of solutions to support the business goals and to ensure 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 submission of returns and/or an understanding of regulatory submissions would be an advantage.

Enterprise Security Architects

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, physical security architecture, design, enterprise architecture or solutions architecture is required for this position.

Integration Architect

To deliver the blueprint architectures aligned to the SARB technology and data strategy, provide thought leadership, technical guidance, and solution architecture oversight within the SARB IT landscape.

• Experience in at least three architecture domains such as business architecture, data architecture and application architecture;
• Defining, developing and maintaining reference models, principles, standards, frameworks and patterns for integration architecture; and 
• Collaborating with, and advising relevant business, system and technical stakeholders to develop, implement and harmonize end-to-end solution architecture and interoperability of business, data, application, technology, integration, infrastructure and security architectures now and in the future.

Qualifications

Job requirements

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

• an Honours degree in Informatics, Computer Science, Engineering or a related field;
• industry-specific certifications such as TOGAF 9.1 and SABSA Foundation or security industry certifications such as CISSP-ISSAP, GSE and CGEIT; and
• at least eight years’ working experience in any of the specialisation fields.nd security architectures now and in the future.

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.