SARB Vacancies - Vacancies with Collen

Share this post on

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

Associate Data Statistical Steward-ESD

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to serve as an Associate Data Statistical Steward under the supervision of the Data Statistical Steward to support the Economic Statistics Department (ESD) in the management and oversight of data management principles in order to provide the business with high-quality and consistently accessible statistics.

Detailed description

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

Collect, prepare and submit preliminary research in line with data management methodologies and frameworks to provide accurate and reliable data that support the production of high-quality statistics for ESD stakeholders.
Identify new data sources based on the outcomes of data quality assessments to extend the range of economic statistics for ESD stakeholders, to enable effective decision making.
Monitor published statistics to ensure they meet agreed quality standards.
Monitor the metadata registry by ensuring compliance with the metadata framework.
Proactively identify data and statistical integrity and quality issues.
Participate in relevant data management projects.
Stay abreast with current data management methodologies and new developments in all knowledge areas and ensure supervised application thereof.
Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

Qualifications

Job requirements

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

a minimum of a Bachelor’s degree in Information Technology, Computer Science, Mathematics or a related and equivalent qualification;
a minimum of one to two years’ job-related experience with a strong background in data management, data sourcing and data stewardship; and
relevant certifications (will be an added advantage).

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
enterprise incident management (EIM) reporting;
information governance;
data storage and operations;
document and content management;
reference and master data;
metadata management; and
data quality management;
analytical and problem-solving skills;
verbal and written communication skills;
a drive for results;
building and managing relationships;
planning and organising skills;
client and stakeholder focus;
sound judgement and decision-making skills;
resilience; and
innovation and creativity.

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.

Divisional Head: Corporate Functions

Pretoria, South Africa

Be the First to Apply

Job Description

Brief description

The main purpose of this position is to provide strategic leadership and drive the outputs of the Internal Audit Division within the Internal Audit Department (IAD) of the South African Reserve Bank (SARB) Group.

Detailed description

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

Contribute to the development of the IAD’s strategy and operational plan, clearly conveying the vision and strategic goals of the SARB Group and department to the division.
Create operational plans for the division that align with the IAD’s strategy and mandate and ensure their implementation.
Ensure the division’s processes and resources adhere to the Institute of Internal Auditors’ (IIA) standards and audit methodology.
Drive and manage the division’s outputs to support the IAD’s objectives.
Represent the IAD in various SARB Group forums and committees, including the Board Audit committees.
Identify and mitigate departmental risks, ensuring compliance with relevant governance frameworks.
Develop and oversee the implementation of departmental procedures and systems, ensuring alignment with related functions and the organisational value chain.
Foster and manage relationships with internal and external stakeholders at various seniority levels.
Oversee team performance and promote career management and development.
Ensure continuous improvement in the division’s delivery and functioning.

Qualifications

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

at least an Honours degree (NQF 8) in Internal Auditing, Information System, Accounting, or Risk Management, or an equivalent qualification; and
a Chartered Accountant (CA (SA), or Certified Information Systems Auditor (CISA) or Certified in Internal Auditing (CIA) qualification; and
a minimum of 10 to 12 years’ experience within forensic auditing environment.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance; and
continual improvement in learning/professional development;
a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes; and
extensive experience in internal audit principles, tools, methodologies, frameworks, policies and 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.

Associate Policy Analyst

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to assist in the development of regulatory frameworks and conduct financial sector prudential policy-related research, including analysis to monitor and influence the policy positions of international financial sector standard-setting bodies as well as the domestic financial sector policy framework.

Detailed description

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

Assist in conducting research based on international best practice and practices in other jurisdictions that are similar to the South African market to better inform the development of a robust regulatory framework for South Africa.
Participate in industry engagement sessions as well as engagements with other financial sector regulators and internal stakeholders in the development of regulatory frameworks for the Prudential Authority (PA).
Assist in the development of regulatory frameworks for the PA by working closely with senior executives in the PA’s Policy Division.
Assist in engagements with regulated financial institutions, where required.
Provide secretariat support for the governance structures within the PA.
Provide input into the areas of policy development for the PA, which will specifically include, but not be limited to, work on the insurance regulatory framework.

Qualifications

Job requirements

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

a postgraduate qualification in Law, Finance, Economics or an equivalent qualification; and
a minimum of two to five years’ experience in conducting policy-related research, drafting regulatory instruments or formulating policy and analytical skills in a relevant field.

The following would be an added advantage:

practical experience in the insurance regulatory environment; and
practical experience in conducting research, and demonstrable drafting and analysis skills in the financial sector.
- an understanding of developments in recent financial sector reforms;

Job-related skills and attributes include:

an understanding of prudential supervision, regulation and legislation impacting the PA;
a basic understanding of international regulatory standards impacting the South African Reserve Bank (SARB)/PA;
competence in the use of Microsoft Office (MS) software packages;
the ability to be proactive and work independently;
excellent verbal and written communication skills; and
the ability to work well under pressure.

Senior Internal Auditor

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to plan and lead audits to provide independent and objective assurance and consulting services regarding the adequacy and effectiveness of the control, risk management and governance processes of the South African Reserve Bank (SARB).

Detailed description

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

Review the work of internal auditors, providing necessary on-the-job coaching and training as needed.
Actively contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing internal auditing within the SARB.
Stay abreast of and apply current work methods, analytical techniques and protocols relevant to audit work,
Conduct research and compile thorough, concise and reliable preplanning working papers that reflect research outcomes as part of the process understanding,
Define the scope and objectives of audit assignments,
Perform engagement risk assessments, walkthroughs and adequacy assessments using research and analytical tools,
Develop an audit programme to address audit objectives,
Lead audit projects or assignments to meet targeted milestones,
Execute the audit programme, including conducting, evaluating, documenting and concluding on the results of the audit tests in the working papers,
Draft detailed audit findings that include standard, condition, root cause, impact and recommendations, and
Prepare reports, participate in engagements with departments and present audit findings and recommendations.

Qualifications

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

a minimum of an Honours degree (NQF 8) in Internal Auditing, Information System, Accounting, Risk Management, or an equivalent qualification;
a Certified Internal Auditor (CIA) , Certified Information Systems Auditor (CISA) or a Chartered Accountant CA(SA) qualification; and
a minimum of five to seven years’ experience within an auditing environment.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
continuous improvement in learning/professional development; and
risk assessment and control design;
a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes;
extensive experience in internal audit principles, tools, methodologies, frameworks, policies and processes;
understanding of information technology systems and systems controls;
knowledge of indicators to identify possible fraud; and
knowledge of technology-based audit techniques, including data analytics.

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.

Lead – Quality Assurance and Professional Practices

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to lead the Internal Audit (IA) Quality Assurance and Improvement Programme (QAIP), ensuring the Internal Audit Department (IAD) consistently meets its objectives and vision. This entails delivering high-quality audit results and maintaining excellence within the IA function.

Detailed description

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

Develop and embed a QAIP strategy as mandated by the Institute of Internal Auditors (IIA) Standard 1300 and provide timely assurance on the QAIP monitoring results to the IA function.
Provide advice on emerging risks, themes and strategic opportunities relevant to quality assurance, improvement themes and professional practice matters.
Create, implement and continuously improve a QAIP, including detailed initiatives and plans to ensure IA remains at the forefront of the industry and conforms to the International Professional Practices Framework (IPPF) and related IIA Standards.
Develop, implement and continuously improve IA methodology to ensure that the IAD meets industry and regulatory standards and is effectively embedded across the function.
Manage the performance and development of the QAIP team to sustain IA’s reputation, capability and independence within the South African Reserve Bank (SARB).
Work with training teams to ensure timely remediation and continuous improvement of IA quality matters.
Establish and maintain a professional working relationship with key stakeholders, including external auditors during external reviews.
Review the outcomes of the IA skills assessment and ensure that relevant training and upskilling initiatives are available to build the required skills and capability.
Guide audit teams on the practical application and implementation of IA methodology principles.
Provide regular methodology training and updates to IA auditors, including new recruits.

Qualifications

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

a minimum of an Honours degree (NQF 8) in Internal Auditing, Accounting, Risk Management or Information Systems;
a Chartered Accountant (CA (SA) or Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) qualification; and
a minimum of 8 to 10 years’ experience within an auditing environment with quality assurance experience.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance; and
continual improvement in learning/professional development;
a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes; and
extensive experience in internal audit principles, tools, methodologies, frameworks, policies and 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.

Quality Assurance and Professional Practices Practitioner x2

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to plan, execute and report on Quality Assurance and Improvement Programme (QAIP) reviews. This is to ensure compliance as stipulated by the Internal Audit (IA) Charter and the Institute of Internal Auditors (IIA) Standards. Additionally, the role supports the Internal Audit Department’s (IAD) QAIP governance risk and compliance mandates and commitments.

Detailed description

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

Review and maintain the QAIP to ensure adherence to the International Professional Practices Framework (IPPF) and IAD policies and procedures, and identify areas of improvement.
Conduct and document quality assurance reviews, providing actionable recommendations for corrective measures.
Monitor the implementation for corrective actions to ensure issues are resolved promptly and affectively.
Stay updated on industry trends and best practices through research/benchmarking activities, focusing on professional practices and quality assurance.
Advise audit teams on the practical application and implementation of IA Methodology principles.
Deliver regular methodology training and updates to IA staff, including new team members.
Coordinate and support the declaration of independence and objectivity within the IA function.
Conduct annual internal quality assurance assessments against the IIA Standards and code of ethics to ensure compliance.
Serve as liaison with external auditors and manage the external quality review process.
Collaborate with the Risk Management and Compliance Department to coordinate the department’s risk management activities.

Qualifications

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

a minimum of an Honours degree (NQF 7) in Internal Auditing, Accounting, Risk Management or Information Systems; and
a Chartered Accountant (CA(SA)), or Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) qualification; and
a minimum of 5 to 8 years’ experience within an auditing environment with quality assurance experience.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance; and
continual improvement in learning/professional development;
a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes; and
extensive experience in internal audit principles, tools, methodologies, frameworks, policies and 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.

Forensic Auditor

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to design and implement forensic auditing tools to assist with the prevention,

detection and response to irregularities related to governance, risk and control (GRC) in the South African Reserve Bank (SARB) Group.

Detailed description

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

Design, implement and assist with maintaining and continuously improving forensic audit tools to ensure a structured forensic auditing approach within the SARB Group.
Conduct forensic audits based on the audit universe to identify non-compliance or deviations from existing Bank-wide policies and procedures.
Conduct forensic investigations by gathering, analysing and preparing evidence in a manner suitable for further action.
Perform fraud risk assessments to identify high-risk fraud exposure within the SARB Group.
Provide quality reports and recommendations on gaps in GRC.
Develop and implement fraud awareness initiatives and training within the SARB Group.

Qualifications

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

a minimum of an Honours degree or NQF 8 qualification relating, Forensic Auditing, Accounting, Risk Management, or an equivalent qualification;
a Certified Fraud Examiner (CFE) and or Certified Internal Auditor (CIA) qualification; and or Chartered Accountant (CA);
a minimum of five to seven years’ experience within a forensic auditing environment.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance; and
continual improvement in learning/professional development;
a solid grasp of risk management principles, tools, methodologies, frameworks, policies and processes; and
extensive experience in internal audit principles, tools, methodologies, frameworks, policies and 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.

Manager: Quantitative Analysis

Pretoria, South Africa

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 analysing 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 any other 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.

Problem and Incident Management Manager

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to manage the Problem and Incident Management processes to reduce the impact of IT incidents on end users. This includes tracking IT incidents, performing trend analysis, conducting post-mortems after major incidents and organising the problem management team to carry out root cause analysis.

Detailed description

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

Prioritise and escalate IT incidents, coordinate the incident response team and facilitate the implementation of workarounds.
Track IT incidents, perform trend analysis, conduct post-mortems after major incidents and organise the problem management team to carry out root cause analysis.
Lead multiple incident response teams across the South African Reserve Bank (SARB) during escalated IT incidents and ensure adherence to the process.
Liaise with third-party suppliers to resolve IT incidents.
Implement various root cause analysis techniques to identify the root causes to IT problems.
Facilitate the assessment of problem and incident process maturity and drive the maturation of the processes.
Train and coach all support tiers in problem and incident management processes.
Keep abreast of developments in IT service management and standards related to best practices of incident and problem management.
Track and analyse trends in incident reports and generate statistical reports to support proactive problem management.
Analyse the performance of incident management activities and document resolutions, identify problems and deliver solutions to enhance service quality and prevent future issues.

Qualifications

Job requirements

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

at least a Bachelor’s degree in Computer Science (NQF 7) or a combination of an equivalent qualification and job-related experience;
certification in ITIL Version 3 or ITIL 4 Foundation, COBIT 2019 Foundation; and
a minimum of five to seven years’ experience in an IT service environment, including managing stakeholders to resolve problems.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
continuous improvement;
continued learning and/or professional development;
IT enablement planning;
infrastructure support;
system specialisation;
service management;
IT operations; and
IT reporting;
analytical and problem-solving skills;
facilitation skills
conflict resolution
planning and organising;
service and stakeholder focus;
a drive for results;
impact and influence;
teamwork;
effective communication;
sound judgement and decision-making skills;
conceptual thinking;
resilience; and
building and managing 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.

Manager: Business Solutions Support

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to manage the Business Solutions and Information Management Unit in the Financial Markets Department (FMD) by overseeing the operational support for the business systems used in FMD to ensure the completion of daily operations in the domestic money, foreign exchange, and fixed income markets.

Detailed description

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

Manage and lead the Business Solutions and Information Management Unit by setting clear and achievable objectives and targets, prioritising work, managing resource utilisation and controlling costs.
Manage the performance and support the career development of staff.
Ensure sufficient depth of knowledge and skills and a clear succession planning strategy for the unit.
Provide meaningful input into FMD’s strategic plan in line with the South African Reserve Bank’s SARB strategy.
Represent FMD as a senior team member for system change projects that support the systems in FMD.
Manage system upgrade expectations.
Manage critical information technology (IT)-related incidents for FMD.
Manage and monitor project timelines for support staff members.
Provide input into, and validate and prioritise, change requests received.
Develop and compile the unit’s operational plans and budgets in line with those of FMD and the SARB as well as ensure the implementation, monitoring and reporting thereof.
Identify and mitigate risks related to the unit’s functions, ensuring compliance with relevant governance frameworks, and contribute to FMD’s risk assessments.
Represent FMD on various internal and external committees and maintain relationships with stakeholders.
Actively manage knowledge-sharing in the team.

Qualifications

To be considered for this position, candidates must have:

· a minimum of Honours degree (NQF8) in Finance or IT or an equivalent qualification;

· a minimum of eight to ten years’ experience in the financial markets environment, with at least three years’ experience in a leadership/managerial role.

The following will be an added advantage

· knowledge of trading systems such as Calypso and CBMS for domestic systems;

· knowledge of SWIFT MT and ISO 20022 standards;

· knowledge of business processes, controls for financial markets systems and financial markets instruments used in the domestic, foreign exchange and fixed income markets; and

· understanding of IT infrastructure processes;

Additional requirements are as follows:

· problem solving and analytical skills;

· planning and organising skills;

· conflict management skills;

· conceptual thinking skills;

· the ability to build and maintain relationships;

· effective communication skills; and

· service oriented

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.

Divisional Head: Credit Risk

Pretoria, South Africa

Job Description

Brief Description

The purpose of this job is to provide managerial leadership and strategic direction to the Credit Risk Support Division and oversee supervision of credit risk in regulated financial institutions with the aim of promoting the safety and soundness of financial institutions and contributing to financial stability. To assist in the development of prudential standards, regulations and guidance on credit risk.

Detailed description

The successful candidate will be responsible for, among other tasks, the following:

To provide managerial leadership, strategic direction and thought leadership in the development, implementation, and monitoring of the Credit Risk Division’s strategy in line with the Risk Support Department and overall PA strategy.
To manage and oversee the Credit Risk Division in its fulfilment of the following objectives:

o planning and leading risk-focused meetings with regulated institutions;

o conducting thematic risk reviews across regulated institutions;

o assisting in the interpretation of prudential standards, regulations and giving guidance on credit risk and associated specialist risk areas.

o assessment of institutions’ internal policies and practices regarding credit risk management

To contribute to the development and continuous refinements of a supervisory approach for credit risk for regulated financial institutions taking into consideration current and emerging specific credit risk phenomena systemically and at individual supervised entities.
To initiate and oversee the development of analytical methods to analyse and interpret credit risk data collected from regulated institutions and public sources.
To contribute to the decision-making framework, protocols and procedures of the international regulatory authorities.
To provide credit risk-specific inputs regarding the assessment of the domestic regulatory framework by international standard setting bodies e.g. IMF/World Bank FSAP, BCBS RCAP and others.
To manage the performance and development of direct reports, create a performance culture in the Division, and promote and support career management and development.
To provide specialist training to internal staff and staff of regulated financial institutions on credit risk principles, regulations and measurement.

Qualifications

To be considered for this position, candidates must have:

Post-Graduate Degree in Finance/ Accounting/ Insurance/ Banking/ Economics/ Mathematics/ Statistics or any other relevant postgraduate qualification
At least 10 years of experience in the credit risk environment in the Banking/ Financial sector or within a regulatory/ supervisory environment, with at least five (5) years in a management role.

Job related knowledge:

Understanding of the Basel Core Principles for Banking Supervision,
Working knowledge of the Banks Act and associated laws and regulations,
Recognition of IAIS and IOSCO principles and standards, and Insurance Acts and regulations

Job related skills and attributes

Thought leadership
Problem solving and analysis
Financial and business acumen
Influencing, building and maintaining relationships
Understanding of advanced approaches to credit risk measurement models and systems and the development and validation thereof

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.

Lead Actuarial Analyst

Pretoria, South Africa

Be the First to Apply

Job Description

Brief description

The purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of actuarial risks in insurance entities. One position is for life actuarial and one position for non-life actuarial and 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 life and non-life actuarial risk management area.

Detailed description

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

Lead, develop and provide specialist actuarial support with regards to technical provisions reviews.
Lead, develop and provide specialist actuarial support with regards to further refinements of the SAM framework.
Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following:
- scrutinising the financial soundness of life and non-life insurers;
- participation in on-site visits to insurers; and
- the consideration of internal model approvals.
Scrutinise and check the compliance of submissions by insurers.
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.
Participate in and execute projects initiated within industry forums.
Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

Qualifications

Job requirements

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

Be a Fellow of the Actuarial Society of South Africa (FASSA); and
At least 10 to 12 years experience, which includes at least three years’ relevant post-qualification working experience, in the insurance industry.

Job related attributes:

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

Job related skills and knowledge:

Solvency Assessment and Management (SAM) experience;
computer literacy (preferably including programming skills);
ability to perform and understand technical provisions reserving;
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 IFRS17;
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 offices in Pretoria and the offices of supervised entities located elsewhere.

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.

Cloud Architect

Pretoria, South Africa

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 an Honours (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.

Financial Analyst

Pretoria, South Africa

Trending

Job Description

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

Analyse, process and finalise applications of varying complexity for approval and deliver work that meets the prescribed time and quality standards.
Assist in the planning of inspections, actively participate in the inspection process and report on inspections.
Be responsible for the day-to-day administration, including record-keeping, the compilation of schedules and inspection profiling in support of operational efficiency within the division and own work.
Analyse and interpret data and provide recommendations to the signing officer for reporting purposes.
Participate in ad hoc projects for the compilation of information to inform policy decisions.
Perform work independently within established practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in own area of expertise.
Prepare and deliver solutions that reflect the range of knowledge, methods, practices and/or solutions in own functional discipline.
Engage with the relevant internal and external stakeholders, displaying an ability to convey and explain information fluently.
Proactively broaden knowledge of own functional area and stay abreast of developments therein (e.g. changes to exchange control policies, rules and regulations).

Qualifications

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

a Bachelor’s degree in Economics, Finance, Statistics, Business Economics, Banking or Accounting, or an equivalent NQF 7-level qualification; and
five to eight years’ experience in an exchange control or banking environment.

Additional requirements include:

risk and compliance assessment knowledge and skill;
skill in:
verbal and written communication (including presentation and report writing);
analysis and problem-solving;
judgement and decision-making;
planning and organising;
service and stakeholder focus;
competence in Microsoft Office packages (e.g. Excel, Word and PowerPoint);
the ability to work under pressure; and
the ability to work in a team.

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.

Contractor – Project Manager

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to manage projects within the Policy, Statistics and Industry Support Department by leading, planning, organising and controlling resources in line with the approved project management methodology and deliver the project scope and objectives to specification, on time and within budget.

Detailed description

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

Define the project scope/brief and work breakdown structure in collaboration with key stakeholders to ensure a common understanding of deliverables and the approach.
Produce comprehensive project management plans that include scope, quality, risks, time, cost, human resources, procurement, integration and communication and confirm that these knowledge areas are regularly updated and maintained.
Ensure that all project documentation, deliverables and reports, including closeout documents, are produced, approved and filed.
Identify and manage project risks, constraints and changes.
Establish and manage relationships with all stakeholders, role players and service providers to ensure commitment to a common goal.
Establish and effectively manage a multidisciplinary project team throughout the project life cycle, clearly defining the roles and responsibilities of project team members for the delivery of project outputs.
Direct and coordinate activities of project resources to ensure the progress of projects are according to the approved schedule, the expected deliverables, within budget and to specification and quality standards.

Qualifications

Job requirements

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

a degree in Commerce or Information and Communication Technology or an equivalent NQF 7 qualification;
a minimum of five to eight years’ experience in project management in the financial sector or compliance environment;
sound knowledge of project management methodologies, project cost management, contract and service management and project management legislation; and
a postgraduate qualification in project management will be an added advantage.

Additional requirements include:

facilitation skills;
planning and organising skills;
effective communication skills;
drive for results;
service and stakeholder focus; and

managing complexity and ambiguity

Cyber Security Risk Analyst

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to research and analyse the cyber security landscape to ensure cyber threats to the South African Financial sector are known and adequately managed by the respective institutions.

Detailed description

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

To develop cyber frameworks / standards /and guidelines for adoption across the industry.
Apply appropriate analytical techniques, methodologies and technologies to meet the research objectives.
Produce intelligence outputs to provide an accurate depiction of the current threat landscape and associated risk.
Liaise with key internal and external stakeholders regarding current and developing cyber threats.
To plan and coordinate intelligence-based CIS (cyber and information security) penetration testing assessments (advanced simulated cyber-attacks) across the sector i.e. Banks, Insurance, and Market Infrastructures.
To develop project methodologies for external consultants to perform advanced simulated cyber-attacks on the financial sector.
Identify, collect, collate, analyse and document cyber security threats to the financial sector using threat intelligence feeds from multiple sources.
Plan and prioritise work in conjunction with team lead and other stakeholders.
Conduct ongoing research into legislative and best practice cybersecurity requirements.
Review risk and threat information in order to identify applicable gaps in the industry.

Qualifications

To be considered for this position, candidates must have:

A minimum of a Postgraduate qualification (NQF 8) in Security, Information Technology or an equivalent relevant qualification.
At least eight years’ experience in an Information security or IT Risk / cybersecurity governance environment.
Solid knowledge of risk management, compliance and Information security governance.
Have exposure to cyber risk frameworks.
Be familiar with relevant legislation.
Understanding of Cyber Risk Trends.
Knowledge of leading cyber / information security best prac

Job-related knowledge

Relevant security certification, such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified in Risk and Information Control (CRISC) Certified in Risk and Information Control (CRISC), Certified Ethical Hacker (CEH), Offensive Security Certified Professional (OSCP) or Certified Information Systems Auditor (CISA) will be an added advantage.
Problem solving and analysis.
Planning and organising.
Verbal and written communication.
Team work.
Impact & influence.

Job-related skills and attributes

Solid knowledge of risk management, compliance and Information security governance.
Have exposure to cyber risk frameworks.
Be familiar with relevant legislation.
Understanding of Cyber Risk Trends.
Knowledge of leading cyber / information security best practices.

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.

System Tester (Regional Settlement Services)

South Africa

Trending

Job Description

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

Conduct functional, integration, usability, configuration, system, regression and user acceptance testing and market testing.
Review business and functional requirements and assist in gap analysis to ensure that comprehensive testing can be performed.
Assist with the analysis of business requirements and gap analysis to ensure comprehensive testing can be performed.
To assist and consolidate the test strategy, test plan, test closure, test cases, and scenarios (including test estimation) to ensure a structured approach during testing.
Compile and execute test cases and scenarios (including test estimation) to ensure a structured approach during testing.
Co-ordinate regional payment system participants in relation to testing activities.
Perform defect management to ensure high-quality solutions.
Produce and communicate 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.
Assist with the compilation of user and training manuals.
Collaborate with test analysts, analysts, designers, developers, project managers and system owners in the testing of new requirements.
Communicate delays on test execution and defects related issues/risks timeously to the relevant stakeholders.

Qualifications

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

A minimum of a Bachelor degree OR Advanced Diploma OR equivalent; and
ISTQB Foundation Level Certification
two to five years’ experience within an IT environment, specifically in the area of testing.

Additional requirements include:

Industry, organisational and business awareness knowledge and skill
Continuous improvement knowledge and skill
National Payment systems knowledge and skill
Cross-border payment systems knowledge and skill
IT enablement legislation and governance, risk and compliance
Application design and development
Quality assurance
conceptual thinking skills;
effective communication skills;
a drive for results;
ability to work in a team;
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.

Business Analyst (Regional Settlement Services)

South Africa

Trending

Job Description

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

Take responsibility for driving business analysis initiatives from initiation to implementation on projects.
Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definitions and the identification of business requirements/needs.
Review business processes and procedures, elicit and analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
Elaborate on the scope and feasibility of solutions, and develop the supporting business case.
Assist with the change requirements and provide specifications.
Investigate problems and propose solutions by interacting with users, developers, testers and other stakeholders.
Develop manuals and plans, and present training courses in support of implementation.
Support project testing activities
Stay abreast of changes to analytical tools and methodologies, identify opportunities to improve and standardise work processes, and apply these in own work.
Engage in multiple initiatives simultaneously and take on a project management role in some initiatives.
Plan, organise, control, manage and evaluate the work of team members and administer human capital functions.

Qualifications

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

An Honours’ degree in Technology or Finance; and
a minimum of five years’ experience within a business analysis environment.

The following would be an added advantage:

a Diploma in Business Analysis; and
experience in banking, with a focus on settlement, cross-border payment services, or back-office banking systems.

Additional requirements include:

an understanding of banking systems and reports;
driving results;
managing complexity and ambiguity;
leading change;
planning and organising skills;
developing and growing others;
judgement and decision-making skills;
resilience;
impact and influence; and
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.

Manager: Financial Markets Infrastructure Supervision

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to provide managerial leadership and to analyse and assess inter-disciplinary market infrastructure regulation and principles for the day-to-day supervision of prudential regulated financial market infrastructures (FMIs).

Detailed description

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

Develop short-term goals, align teamwork and tasks with divisional goals and provide input into the development of policies and processes.
Analyse, collate and provide management information for planning and budgeting.
Manage the delivery of work objectives of the analysts through the allocation and monitoring of work and manage the accountability of resources.
Ensure that FMIs adhere to the principles for financial market infrastructures (PFMIs) and comply with minimum supervisory standards.
Conduct relevant research to align with international best practice compliance and standards.
Provide accurate and meaningful information for both domestic and international consumption.
Represent the South African Reserve Bank (SARB) in industry meetings and express the SARB’s case within the given mandate and parameters.

Qualifications

Job requirements

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

a postgraduate degree (NQF 8) in Accounting, Economics, Finance or Risk Management;
10 years’ experience in the FMI sector or FMI policy environment; and
two years’ experience in managing a team.

Additional requirements include knowledge of and skills in:

financial markets and instruments;
relevant policies and procedures;
research methodologies;
PFMIs;
report writing;
problem-solving and analysis;
verbal and written communication;
interpersonal skills;
sound judgement;
strategic thinking;
bias for action;
confidentiality;
decision-making; and
mentoring and coaching.

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.

Data Sourcing Methodologist

Pretoria, South Africa

Job Description

Brief description

The purpose of this position is to design, maintain and oversee the implementation of data sourcing methodologies within the Economic Statistics Department (ESD) to ensure data quality for the compilation of economic statistics.

Detailed description

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

Assess and evaluate current data sourcing methodologies within ESD on an ongoing basis and, where appropriate, provide recommendations.
Continually research data sourcing methodologies to identify and design the most effective instruments for the sourcing of data.
Identify the appropriate universe for the sourcing of data and draw a representative sample to ensure adequate coverage of the subject area.
Engage with external stakeholders through on-site visits and internal subject matter experts to validate the collection instrument and review business requirement specifications.
Continually research methodologies to bridge the gap of undercoverage by applying imputation rules that subscribe to best practice.
Guide, oversee and monitor the implementation of selected instruments to ensure that data quality standards are maintained.
Contribute to the compilation of project-based reports to data sourcing methodologies, implementation and data development quality levels to ensure that data quality standards are maintained.

Qualifications

Job requirements

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

a minimum of an Honours degree in Data Science, Statistics or an equivalent qualification; and
at least five to eight years’ experience in a data management environment.

The following would be an added advantage:

relevant certifications (e.g. Certified Data Management Professional Associate).

Additional requirements include:

skill in:
quality assurance;
continued learning and/or professional development;
effective communication;
analysis and problem-solving;
planning and organising;
judgement and decision-making;
industry, organisational and business awareness knowledge;
continual improvement knowledge;
information management knowledge and skill;
data integration and interoperability knowledge and skill;
reference and master data knowledge;
a drive for results;
the ability to build and manage relationships;
stakeholder and client focus;
impact and influence;
flexibility; and
innovation and creativity.

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.

Manager: Data Risk and Analytics

Pretoria, South Africa

and 1 more

Trending

Job Description

Brief description

The primary objective of this position is to manage delivery by a team of Data risk analysts, thereby contributing to the effective and efficient supervision of data risk, including risk data aggregation and risk reporting (RDARR) in the financial services industry and analytics in the Non-financial Risk (NFR) Division.

Detailed description

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

Provide strategic direction and leadership to a team of analysts in terms of the development of supervisory framework/s and the ongoing supervisory practices, processes, protocols, tools, procedures, and oversight in terms of Data Risk and RDARR in the financial services industry, including the operational alignment of supervisory programmes and targets.
Manage the data analytics capability of the division to ensure the development of reports/ policies/ procedures and guide the process through the alignment of these documents to the overall Prudential Authority (PA) Strategy.
Provide leadership within the Risk Support Department of the PA and support the Divisional Head: NFR in achieving the overall departmental objectives and all Data Risk and RDARR matters.
Provide technical assistance and guidance to a team of Data Risk analysts and train new analysts in line with departmental objectives and advise them on changes within the global and local environment by staying abreast of international and national developments.
Manage team deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation.
Manage team performance and talent management, including the learning and development of team members and 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 in the PA.

Qualifications

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

a post-graduate degree in either in Accounting, Auditing, Banking, Computer Science, Economics, Finance, Information Management or Risk Management; and
at least eight years’ relevant working experience in the financial services or financial regulatory sector; and
two years’ or more proven experience of managing a team, would be an advantage.

The following would be an added advantage:

DAMA certification (e.g. CDMP Associate), would be an advantage;
having completed short courses in data or data-related aspects; and/or
experience in data or data-related aspects.

The following job-related knowledge and understanding is required:

an understanding of the Basel Core Principles for Banking Supervision;
Industry, organisational and an understanding of the Basel Core Principles for Banking Supervision;
an understanding of the Insurance Core Principles for Insurance Supervision;
a 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 leveraging analytics and business intelligence tools to provide actionable insights that drive decision-making and improve business outcomes.
an understanding of the key issues and risks facing financial institutions registered in South Africa and related entities, with a specific focus on Data risk and RDARR;
An understanding of technologies used in data governance and management (e.g., Collibra, Alation, Informatica, etc.)
knowledge of the SAM solvency framework;
knowledge and understanding of good corporate governance;
knowledge of, and experience in, the financial system, financial products, and risk models and systems;
knowledge of the Basel framework at both a theoretical and a practical level;
knowledge of relevant RDARR practices and standards;
Knowledge of data governance and data management practices; and
understanding and experience in Data risk and RDARR Audits and or Quality Assurance.

The following job-related skills and attributes are required:

thought leadership;
problem solving and analysis;
financial and business acumen;
people management skills; and
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.

Divisional Head: Financial Conglomerate Supervision

Pretoria, South Africa

Job Description

Brief description

The primary objective of this position is to provide strategic direction and managerial leadership to the supervision of large complex financial groups, financial conglomerates and designated systemically important financial institutions (SIFIs), and to ensure the financial soundness and sound governance of the institutions under his/her supervision.

Detailed description

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

Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision;
Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
- Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs;
- Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division;
- Identify, assess and escalate key risks, and react to key indicators of risks within the department;
- Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division;
- Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
- Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
Manage the operationalization and implementation of decision-making frameworks, protocols and procedures;
Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
Manage the performance and development of direct reports;
Create a performance culture in the division; and
Coach and manage the career development of employees in the division.

Qualifications

Job requirements

To be considered for this position, candidates must have:

at least a Postgraduate Degree in Accounting, Banking, Economics, Finance and/or Insurance; and
at least 10 years’ experience in a regulatory agency, the banking sector, the insurance sector and/or financial services sector.
At least 5 years in a senior management position managing multi-functional teams

Job-related knowledge

General management
The financial sector, specifically banking, insurance and the securities industries
Financial management
Corporate governance and risk management practices and standards
The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles
The Solvency Assessment & Management (SAM) Framework;
The Basel III Capital Framework; and
Human resources policies and procedures.

Job-related skills and attributes

Analysis and problem solving;
Planning and organising;
Communication (verbal and written);
Financial and business acumen;
Attention to detail; and
Confidentiality.

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.

Divisional Head: Financial Conglomerate Supervision

Pretoria, South Africa

Job Description

Brief description

Detailed description

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

Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision;
Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
- Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs;
- Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division;
- Identify, assess and escalate key risks, and react to key indicators of risks within the department;
- Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division;
- Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
- Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
Manage the operationalisation and implementation of decision-making frameworks, protocols and procedures;
Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
Manage the performance and development of direct reports;
Create a performance culture in the division; and
Coach and manage the career development of employees in the division.

Qualifications

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

at least a Postgraduate Degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
at least ten (10) years’ experience in a insurance sector or insurance supervison
five (5) years in a senior management position with people management responsibilities.

Additional requirements include:

Job related knowledge:

General management;
The financial sector, specifically insurance and the securities industries;
Financial management;
Corporate governance and risk management practices and standards;
The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles;
The Solvency Assessment & Management (SAM) Framework;
The Basel III Capital Framework; and

Job related skills and attributes:

Analysis and problem solving;
Planning and organising;
Communication (verbal and written);
Financial and business acumen;
Attention to detail; and
Confidentiality.

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.

Associate Supervisory Framework Analyst (x2)

Pretoria, South Africa

Trending

Job Description

Brief description

The purpose of this position is to develop and refine supervisory frameworks through the scanning of the regulatory and supervisory framework environment against domestic policy and international best practices and standards to ensure the effective and consistent supervision of the Prudential Authority (PA)-regulated financial institutions.

Detailed description

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

Conduct research relating to the latest changes in the regulatory frameworks within the PA-regulated financial sectors and conduct in-depth assessments on whether these frameworks are applicable to the PA supervisory framework.
Develop new and refine existing PA supervisory guidelines in line with the PA regulatory framework and international supervisory best practices.
Apply analytical tools for assessing the consistency and efficiency of the PA’s supervisory practices.
Assist in planning, defining the scope and objectives of the quality assurance reviews and setting up of the quality assurance programme to address objectives.
Execute the quality assurance programmes, including evaluating the results of quality assurance reviews and preparing recommendations.
Assist with planning the annual environmental scanning/benchmarking projects for the team based on the changes to the local and international regulatory and supervisory frameworks and best practices.
Engage with and present to PA stakeholders on the draft supervisory frameworks and guidelines, quality assurance reviews and other related documents.
Contribute towards the continuous improvement process within the PA supervisory framework team.
Provide input into the development and implementation of the PA regulatory framework.
Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

Job requirements

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

a minimum of a Bachelor’s degree in the fields of Commerce, Compliance, Law or an equivalent qualification; and
a minimum of five years’ experience in internal auditing, compliance, regulation, supervision, risk management or quality assurance.

Additional requirements include:

regulatory and supervisory awareness;
quality assurance;
continuous improvement;
data analysis and management information reporting;
coaching skills;
presentation and interpersonal skills;
conceptual thinking;
planning and organising skills;
effective communication skills;
developing and maintaining relationships;
analytical and problem-solving skills;
resilience;
service and stakeholder focus;
teamwork; 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.

Risk and Compliance Coordinator

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to drive and coordinate the implementation and maintenance of the risk and compliance management frameworks, programme and reporting processes for the Prudential Authority (PA).

Detailed description

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

Coordinate and facilitate the implementation of the risk and compliance frameworks for the department.
Utilise the available risk management, compliance and audit tools to monitor and report on related issues to ensure sound governance.
Schedule and facilitate regular compliance risk assessments to verify adherence with legislation, standards and policy requirements of the South African Reserve Bank (SARB).
Schedule and facilitate regular operational and specialised risk assessments, including business impact and business continuity plan assessments, and coordinate incident response and recovery.
Monitor and track management action plans for strategic, operational cyber and physical security and compliance risk.
Create risk (including cyber and physical security) and compliance awareness within the PA through campaigns and appropriate media.
Assist with other risk and compliance-related duties on an ad hoc or project basis as requested by management.
Proactively monitor and track external regulatory obligations.
Stay abreast of developments in risk and compliance, ensure application thereof and update applicable documents.
Coordinate and support employees with the completion of annual declarations.
Log and report risk incidents on the SARB’s centralised risk incident tool and monitor action plans.

Qualifications

Job requirements

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

a National Diploma (NQF 6) in Auditing, Compliance Management, Finance or Risk Management; and
a minimum of three to five years of experience in a risk, compliance or audit facilitation environment.

The following would be an added advantage:

ISO22301 training (fundamental); and /or
ISO22301 Lead Implementer certification

Additional requirements include:

knowledge and understanding of:
- industry, organisational and business awareness;
- quality assurance;
- continual improvement;
- continual learning and/or professional development;
- risk and compliance strategy;
- legislation, governance, risk and compliance;
- risk and compliance planning, assessment facilitation, monitoring and reporting;
- risk and compliance administration;
- risk and compliance information management;
problem-solving and analytical skills;
planning and organisational skills;
a drive for results;
verbal and written communication skills;
interpersonal skills;
impact and influence;
learning focus;
teamwork skills;
the ability to build and maintain 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.

Divisional Head – Prudential Supervisory Framework

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to provide managerial, leadership and strategic direction to the Supervisory Framework Team and the Prudential Authority (PA) Project Management Office in its responsibility of developing and maintaining frameworks, guidelines and methodologies that support the PA’s supervisory approach and the execution of strategic regulatory projects. This position is also responsible for overseeing and facilitating the PA’s project and change management approach across the four PA departments.

Detailed description

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

Provide strategic direction and manage and lead the division through day-to-day oversight of the development and implementation of the PA’s supervisory framework and guidelines as applied through ongoing supervision in line with its prudential mandate.
Provide strategic direction and manage and lead the division by ensuring the PA’s strategic regulatory projects and change management initiatives are executed in line with the PA’s and South African Reserve Bank’s (SARB) processes.
Manage the development and implementation of tactical measures for monitoring international and domestic supervisory developments and assess the relevance and applicability thereof to the PA’s supervisory framework.
Manage the development and refinement of the PA’s quality assurance methodology, which informs how quality assurance reviews are conducted by the division, against approved supervisory guidelines.
Determine annual quality assurance plans in line with the PA’s quality assurance methodology and manage the approval of these plans by the relevant PA governance structures.
Develop and instil a supervisory culture that is pre-emptive, risk-based, outcomes-focused and principles-based.
Represent the PA by participating in internal and external domestic and international forums.
Manage the division’s governance, risk and compliance as required and ensure that risks are identified, assessed and mitigated.
Manage the performance and development of direct reports, creating a performance culture, and coach and manage the career development of employees in the division.
Lead, enable and encourage change, innovation and collaboration both within the division and across the four PA departments.
Contribute to the PA’s and SARB’s strategic initiatives, specifically those with a direct impact on the PA’s supervisory approach and framework.

Qualifications

Job requirements

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

a postgraduate degree (NQF 8) in Accounting, Compliance, Internal Audit, Law or Risk Management; and
10 to 12 years of experience in financial sector regulation or similar environments, with at least five of those years spent in a management role.

Additional requirements include:

skill in:
leadership and management;
problem-solving and analysis;
planning and organisation;
strategic decision-making;
verbal and written communication;
business acumen;
strong drive for task execution;
knowledge of and skill in:
general management;
strategy development and implementation;
best practice supervisory processes, practices, standards and frameworks;
the Basel Framework and Solvency Assessment and Management;
the banking system and insurance industry;
financial market infrastructures;
key risks facing financial entities and conglomerate groups;
financial and banking products; and
risk models and systems.

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.

Data Statistical Steward

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to act as a data statistical steward and provide support to the Economic Statistics Department of the South African Reserve Bank (SARB) in the management and oversight of data assets in order to provide the SARB with high-quality and consistently accessible statistics.

Detailed description

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

Prepare and provide accurate and reliable data in support of statistics for policy decisions.
Acquire new data sources in order to expand the range of economic statistics to enable more effective policy decision-making.
Create and maintain consistent metadata in a manner that allows for clear and unambiguous data definition that meets all legislative, quality and security requirements.
Create and maintain business metadata for published statistics and data sources to ensure that it is easily discoverable and meaningful to consumers.
Monitor published statistics for usage, relevance and quality feedback.
Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry and ensure consistency in data usage across various systems.
Proactively identify and resolve data and statistics integrity and quality issues.
Stay abreast of developments in all functional areas relevant to data management and ensure appropriate application thereof.
Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

Qualifications

Job requirements

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

the minimum of a Bachelor’s degree in Computer Science, Information Technology or Mathematics, or an equivalent NQF 7 qualification; and
at least three to five years of experience in a data management environment.

The following would be an added advantage:

relevant certifications (e.g. Certified Data Management Professional).

Additional requirements include:

industry, organisational and business awareness and knowledge;
enterprise information management (EIM) strategy knowledge;
EIM legislation and governance, risk and compliance knowledge;
EIM reporting knowledge;
information governance knowledge;
data storage and operations knowledge;
metadata management knowledge;
effective communication skills;
analytical and problem-solving skills; and
innovation and creativity.

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.

Senior Manager – Business Intelligence and Collaboration

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to provide leadership in ensuring the effective delivery of information through new and existing business intelligence (BI) and collaboration solutions in support of the South African Reserve Bank’s (SARB) information technology (IT) strategy.

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 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 BI, analytics, data warehousing and collaboration 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 Honours degree (NQF 8) or an equivalent qualification;
10 to 12 years’ experience in the IT environment; and
a minimum of five years’ experience in general management.

The following will be an added advantage:

a qualification in information management;
experience in an IT technical environment, with the emphasis on BI and analytics and collaboration toolsets and concepts;
experience in the financial and banking industry; and
the ability to manage a team of IT and data management specialists.

Additional requirements include:

knowledge of the software development life cycle and agile concepts;
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 office hours, when necessary; and
skills in:
project management;
problem-solving and analytical thinking;
strategic and conceptual thinking;
innovation and creativity;
judgement and decision-making;
leadership;
negotiation;
interpersonal relationships and communication (verbal and written); and
presentation.

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.

Investigator

Pretoria, South Africa

Trending

Job Description

Brief description

The main purpose of this position is to investigate non-compliance of regulated entities with relevant legislation and to facilitate sanctions and enforcement decisions taken by the Prudential Authority (PA), including the resolution of failed non-systemically important supervised institutions.

Detailed description

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

Work closely with the senior manager in developing standards, processes and procedures related to investigation within the PA.
Analyse and provide guidance to the frontline teams in relation to the execution of sanctions and enforcement decisions.
Conduct investigations into matters relating to non-compliance by regulated institutions with relevant legislation (e.g. insurance and banking legislation).
Report investigation findings and provide recommendations to the relevant authority within the PA.
Assist the frontline teams with the execution of sanctions and enforcement decisions.
Provide secretariat support services to the PA Regulatory Action Committee, including, but not limited to, the preparation of agendas and minutes.
Support the Chief Executive Officer of the PA in following up on and actioning matters, and ensuring the decisions thereon are implemented.
Ensure that matters of non-compliance by regulated institutions with relevant legislation are appropriately channelled and addressed.
Maintain a database of matters relating to non-compliance with relevant legislation.
Promote awareness across the PA with regard to processes and procedures of matters relating to non-compliance with relevant legislation.
Work closely with the senior manager in developing standards, processes and procedures related to the resolution of failed non-systemically important supervised institutions.
Engage with external and internal stakeholders, displaying the ability to solicit information and communicate a clear and coherent message

Qualifications

Job requirements

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

a relevant Bachelor’s degree in Law, Compliance or Finance; and
at least five to eight years’ postgraduate experience in litigation or forensic work (i.e. investigation or prosecution/litigation of commercial cases).

The following would be an added advantage:

an applicable Honours degree; and
knowledge of, and experience in, insolvency law and/or insolvency proceedings.

Additional requirements include:

proven forensic skills and/or in-depth knowledge of the law of evidence;
a good command of the English language and sound report writing abilities;
experience or sound knowledge in the banking and/or insurance industries;
interviewing knowledge and skill, including under-oath interviews;
the ability to gather and analyse evidence and information;
investigation report writing knowledge and skill, with a particular focus on accurate referencing to underlying evidence;
the ability to provide useful litigation assistance to the PA and relevant external agencies;
recovery of capital knowledge and skill; and
investigations administration knowledge and skill.

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.

Click here to apply

We wish you all the best with your applications

Share this post on

Facebook X LinkedIn