SARB Jobs

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

Information Technology Executive Support Specialist

Pretoria, South Africa

Job Description

Brief description

The main purpose of this position is to provide information technology (IT) technical support for desktop computers, applications and associated peripherals to the Executive Office of the South African Reserve Bank (SARB), ensuring timely assistance in accordance with agreed service level agreements (SLAs). The support includes installing, configuring, troubleshooting and maintaining desktop computers, software, mobile devices, printers, scanners and associated peripherals, including audiovisual (AV) equipment.

Detailed description

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

• Provide IT technical support and service restoration for daily operations and project efforts in a timely manner and in accordance with agreed SLAs.
• Assist executives with the installation, configuration, troubleshooting and ongoing usability of desktop computers, software and peripheral equipment, adhering to best practices.
• Perform preventative maintenance tasks and remedial repairs on desktop computers, printers and any other associated peripherals.
• Collaborate with vendor support contacts to resolve technical problems with desktop computing equipment and software.
• Maintain a high degree of customer service for all support queries, and adhere to all service management
• principles.
• Take ownership of user problems and be proactive when dealing with user issues.
• Proactively build and maintain positive relationships with executives and other relevant stakeholders, displaying the ability to build rapport at all levels of seniority.
• Perform day-to-day duties in an ethical manner, ensuring complete confidentiality in all matters related to the SARB’s Executive Office.

Qualifications

Job requirements

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

• A minimum of a Diploma in IT (NQF level 6) or an equivalent;
• Microsoft Certified Desktop Technician (MCDST) qualification;
• an A+ or N+ qualification);
• an Information Technology Infrastructure Library (ITIL) Foundations v3 certification and;
• three to five years of experience in a desktop support environment.

Additional requirements include:

• industry, organisational and business awareness;
• continued learning and/or professional development;
• knowledge and skill in:
• quality assurance;
• continuous improvement;
• IT enablement planning;
• IT enablement legislation and governance, risk and compliance;
• applications support and maintenance;
• infrastructure support;
• systems integration;
• service management; and
• testing.

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

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

Manager: Insurance Supervision

Pretoria, South Africa

Job Description

Brief description

The objective of this position is to supervise the activities of insurance entities within financial conglomerate groups in respect of prudential regulations relating to governance and management of all risk types. The scope of risks regulated includes insurance, cyber, counterparty, credit, liquidity, underwriting, market, solvency, operational risks, etc

Detailed description

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

• Supervising, overseeing and participating in supervisory practices, including
• contributing towards maintaining a financially sound and stable insurance sector, in particular, and the overall financial services sector
• assessing compliance with prudential regulations and applicable financial soundness standards
• identifying cross-sectoral risks and devising appropriate measures to contain them
• implementing a risk-based, pre-emptive, outcomes-based and integrated supervisory framework
• refining the supervisory approach by introducing prudential supervisory best practices
• contributing towards the development of processes and procedures for effective implementation of the Insurance Act and related prudential standards
• knowledge of, and experience in, the financial system, financial products, and related risk models and systems;
• review and evaluation of the adequacy and appropriateness of the own risk and solvency assessment (ORSA) submissions of each insurer for their specific risk profile
• deploying effective supervisory tools for monitoring insurers’ exposure to the above risks
• identifying cross-sectoral risks and devising appropriate measures to contain them
• ensuring the sufficiency and appropriateness of capital and solvency requirements of the assigned insurance entities with respect to all prudential risks
• ensuring insurers’ risk management practices and governance structures are adequate
• analysing and interpreting risk-based regulatory returns
• financial analysis
• Provide guidance and direction to subordinates, including setting performance standards and monitoring performance
• Make valuable contribution to prudential regulation matters relating to financial conglomerates
• Contribute towards attainment of department strategic objectives
• Mentor, train and motivate staff towards attainment of a common goal
• Manage the attainment of operational objectives.

Qualifications

Job requirements:

To be considered for this position, candidates must have:

• A Postgraduate degree in commerce, economics, law, finance, risk management, accounting or actuarial science or any other relevant field of study
• Have at least 8 – 10 years’ experience in the financial services, preferably in a prudential regulatory environment; and
• At least two years’ experience in managing/supervising subordinates.

Job related knowledge:

• Good knowledge of the insurance core principles
• Conversant with the Solvency Assessment
• Knowledge of the modern principles, practices, and techniques of prudential supervision
• Understanding of key regulatory issues facing insurance companies, banks, and financial conglomerate groups
• Knowledge of relevant risk management practices and standards
• Knowledge and understanding of good corporate governance principles and practices

Additional skills / attributes are as follows:

• Professionalism and strong ethical values
• People management skills
• Ability to engage with executive management on technical aspects
• Ability to plan and supervise work of others
• Exceptional attention to detail
• Ability to exercise independent judgement
• Strong oral, written, and overall communication skills
• Time management and negotiation skills
• Problem solving and analysis
• Influencing, building and maintaining relationships

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

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

Manager: Banking Supervision

Pretoria, South Africa 

and 1 more

Job Description

Job Purpose

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

Detailed Description

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

• Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated banks, banking groups, and related financial entities, including the operational alignment of supervisory programmes and supervisory activities.
• Provide thought leadership within the Financial Conglomerate Supervision Department of the Prudential Authority (PA) and support the relevant Financial Conglomerate Supervision Divisional Head in achieving the overall departmental strategic and operational objectives.
• Provide technical assistance and guidance to a team of analysts.
• Manage the team’s deliverables, including team member work plans, resource allocation and workload management, team processes and systems, and change and innovation initiatives in the team.
• Manage the team members’ performance and the team’s overall performance.
• Manage talent in the team, including the learning and development of team members, and team member retention 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), and ensure compliance with PA-specific procedural policies and guidelines.
• Contribute to special projects in the PA.

Qualifications

Job requirements

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

• a postgraduate degree in, Accounting, Banking, Economics, Finance, Insurance or any other relevant field;
• at least eight years’ experience in the financial services or financial regulatory sector; and
• at least two years’ proven experience in managing a team.

Additional requirements include:

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

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

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

Manager: AML / CFT (Offsite)

Pretoria, South Africa

Trending

Job Description

Brief description

To manage the off-site AML/CFT/CPF supervision function within the Prudential Authority (PA) to ensure that efficient and effective risk-based supervision is undertaken in execution of the PA’s supervisory duties as defined in the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) (FIC Act). . 

Detailed description

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

•    To lead and manage an AML/CFT team responsible for conducting off-site supervision pertaining to compliance with the provisions of the FIC Act with regard to anti-money       laundering (AML) and the combating of the financing of terrorism (CFT); and undertaking reviews to assess compliance with AML/CFT requirements and standards, with           the application of a risk based approach; 
•    To identify new and emerging ML/TF/PF risks, including those in jurisdictions where South African banks and insurers have operations, including the maintenance of the           risk-based tool and ensuring that information is incorporated into the risk-based tool that will inform the frequency and duration of onsite inspections;
•    To develop and maintain the risk-based supervisory manual and framework; 
•    To compile the annual supervisory calendar taking into account work of the off site team which must be reflective of a risk based approach; which includes inspections as         well as other supervisory engagements; 
•    To ensure that the AML/CFT risk returns are analysed timeously and that sector risk assessments are being conducted on a periodic basis for the banking and life              insurance sector; 
•    To oversee the drafting of AML/CFT/CPF guidance for internal and external stakeholders to ensure effective implementation of a risk-based approach;
•    To manage the provision of management information in respect of the progress of remedial action and research;
•    To review and provide first level approval of the AML/CFT/CPF risk inputs of the team into the pre-inspection documentation;  
•    To manage the development and maintenance of relevant procedures and processes for conducting inspections;
•    To manage off-site monitoring activities performed by the team;
•    To manage the performance and development of the AML/CFT off-site team
•    To introduce innovation and drive the use of technology to inform risk-based supervision, collation of statistics, engagement with external stakeholders, creation of an    AML/CFT/CPF dashboard for analysis and reporting purposes; and
•    To ensure that the first-class standard of AML/CFT best practice off-site supervision is conducted. 

Qualifications

Job requirements

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

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act;
• an understanding of PA supervision, regulation and legislation;
• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and
• report-writing 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.

Manager: AML / CFT (Onsite)

Job Description

Brief Description

The main purpose of this position is to assist the Prudential Authority (PA) in discharging its supervisory duties, as defined in the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act), in respect of banks and life insurers. 

Detailed description

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

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks’ compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.
• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.
• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the department’s supervisory calendar.
• Perform the duties relating to the administrative arrangements for each inspection and on-site review.
• Maintain a project plan to be followed for individual inspections and on-site reviews.
• Execute inspections and on-site reviews at the premises of individual banks and life insurers.
• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.
• Ensure that on-site inspections are risk-based.
• Provide management information in respect of the progress of inspections and on-site reviews.
• Manage the performance of the AML/CFT team.

Qualifications

Job requirements

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

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act;
• an understanding of PA supervision, regulation and legislation;
• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and
• report-writing 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.

Collaboration Support Administrator

Job Description

Brief description

The purpose of this position is to provide audiovisual (AV), video conferencing (VC) and digital signage (DS) implementation and support services as well as technical user assistance within the South African Reserve Bank (SARB) Group.

Detailed description

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

• Define own work plan and deliverables with guidance from the Senior Team Lead: Messaging and Collaboration and prioritise the delivery of own outputs against the agreed work plan.
• Provide first line support services on all AV, VC and DS equipment installed in the SARB’s Conference Centre, auditoriums and board/meeting rooms.
• Set up and install all relevant AV, VC and DS equipment, such as microphones, sound equipment, video screens and projectors, for various events and functions, including meetings, conventions, presentations and conferences.
• Identify and implement opportunities for integration, consolidation and enhancements to ensure the cost-effective and optimal use of AV, VC and DS technology within the SARB Group.
• Research and evaluate new or alternative AV, VC and DS architectures and related technologies.
• Liaise with external service providers for product and technology review, coordinating vendor presentations where relevant.
• Create and maintain technical topology diagrams relating to deployed AV, VC and DS architectures.
• Provide input into the development of AV, VC and DS policies and standards in accordance with corporate governance standards, including the SARB’s policies and procedures.
• Execute management requests to address or mitigate risks in the AV, VC and DS environment as identified by the internal or external auditors and other governance-related assessments.
• Develop and enhance disaster/business continuity procedures on deployed AV, VC and DS infrastructure solutions and assist in exercising those procedures.

Qualifications

Job requirements

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

• an NQF 5 qualification; and
• a minimum of two to five years’ experience in implementing, configuring and supporting end-to-end AV, VC and DS infrastructure in a corporate environment.

The following would be an added advantage:

• Microsoft 365 Certified: Teams Administrator Associate.

Additional requirements include:

• basic networking skills and an understanding of Cisco network technologies as well as basic operating systems and desktop support capabilities;
• experience in:
• managing and configuring an AV environment (Crestron, Utelogy, Microsoft Teams Rooms);
• managing and configuring a DS environment (VITEC, Avedia, ArtioSign); and
• implementing and supporting technologies and devices, namely Taiden Conference System Solution, Clevertouch and Cisco Webex.

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.

Analyst: Anti-Money Laundering

Job Description

Brief description

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

Detailed description

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

• Participate in targeted on-site inspections at banks and branches of foreign banks domiciled in South Africa, to test banks’ compliance with the provisions of the FIC Act with regard to anti-money laundering and combating the financing of terrorism (AML/CFT).
• Lead inspections targeted at banks and insurers when requested to- assessing compliance with the FIC Act
• Analyse and interpret data from banks and insurers.
• Drafting and review of documentation- supervisory, correspondence, presentations etc.
• Assist in projects, which enhance effectiveness and drive efficiency.
• Assist in bank and life insurance licensing applications that are considered by the AML team.
• Maintain assignment records.
• Attend meetings with respective stakeholders as and when required.
• Provide input into inspection reports and closing letters to the management of banks and life insurers.
• Undertake ad hoc on-site review projects pertaining to banks’ compliance with the Banks Act 94 of 1990 (Banks Act) and the Regulations relating to Banks.
• Attend to off-site supervision and correspondence related to AML/CFT within the banking and insurance industry.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Postgraduate degree in Law, Accounting, Auditing, Finance or an equivalent qualification; and
• five to eight years’ practical experience in AML/CFT compliance within the banking industry.

The following would be an added advantage:

• knowledge of the provisions of the FIC Act;
• knowledge of international standards relating to AML/CFT (i.e. the Financial Action Task Force 40 Recommendations and the Basel Core Principles and Guidelines); and
• knowledge of the Banks Act and the Regulations relating to Banks.

Additional requirements include:

• ability to work in a team;
• strong technical analytical competencies;
• effective time management;
• proficiency in verbal and written communication; and
• competency in Microsoft Word, Excel and PowerPoint 2007/2010.

AML / CFT Research and Risk Analyst

Job Description

Brief description

The main purpose of this position is to undertake extensive money laundering (ML) risk research and sector risk assessments relevant to the PA to ensure that current ML risk trends and typologies for SA and other relevant jurisdictions are maintained by the PA and that pertinent information feeds into the risk rating tools and scoping documentation for on-site supervision.

Detailed description

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

• Conduct research as well as identify new and emerging ML risks (threats, vulnerabilities and consequences), trends, including those in jurisdictions where SA banks have international operations (information must feed into the risk returns and inform the frequency of supervision);
• Ensure that the PA is adopting international best practice in terms evidencing understanding of ML risk, reflective in the ML/TF risk assessments.
• Maintain and continually enhance the life insurance and banking risk based tools;
• Provide training and briefings on ML risk related matters, draft guidance as may be required, and provide input into pertinent documentation for relevant stakeholders;
• Ensure that the onsite inspections scoping adequately take into account the ML risks relevant to the respective supervised institutions;
• Develop, implement and maintain an automated sector risk assessment process whereby data is received via institutions and update the sector risk assessment methodologies utilised and conduct sector risk assessments;
• Ensure that banking and life insurance sector risk reports are issued to the public and ensure that stakeholder engagement sessions take place in this regard;
• Analyse the risk returns received from institutions and ensure the information is being correctly fed into the risk-based tool, and that the tool is updated as and when required when new information is received;
• Update inspection procedures with relevant questions pertaining to ML risk mitigation and control assessment and ensure that best practice and supervisory practices are adequately captured in the supervisory manual or risk assessment tools adopted;
• Compile statistics useful for ML sector risk assessments;
• Provide inputs to the national risk assessments and to contribute to the work of the national risk assessment committee; and
• Ensure that ML/TF/PF risk assessments are conducted periodically for the banking and life insurance sector, with inputs from the PF/TF analyst.

Qualifications

Job requirements

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

• A Postgraduate qualification (NQF 8) in the fields analytics, law, data science, commercial law, audit, international relations, international security, international law or other fields related to financial crime risk is required;
• five to eight years experience in financial crime control within a bank, audit or consulting firm.

Additional requirements include:

• Industry, organisational and business awareness Knowledge and Skill
• Data analysis and reporting Knowledge and Skill
• In depth technical knowledge
• Excellent writing skills
• Good drafting and interpretation of legislation skills
• Data mining, modelling and predictive analytics and business intelligence reporting experience advantageous;
• Experience in conducting ML risk assessments; research and practical experience as well as good understanding of international best practice and technological developments in the AML sphere.

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.

Currency Device Management Officer

Job Description

Brief description

The main purpose of this position is to act as the custodian of all the currency protection devices (CPDs) used within the cash industry and ensure that the necessary processes to manage these devices are actioned in accordance with defined standards, guidelines and regulations. 

Detailed description

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

• Act as the custodian of all CPDs.
• Develop, maintain and distribute standards, guidelines and regulations associated with CPDs.
• Manage internal and external stakeholder relationships, and ensure information flow for the identification and resolution of queries and/or compliance matters.
• Process, review and seek approval for all suppliers’ applications for CPDs.
• Monitor the compliance of CPDs to standards, guidelines and regulations.
• Maintain a database of approved CPDs, users and suppliers.
• Research and analyse trends related to CPDs, and understand and adapt to changes and/or developments in the South African cash industry.
• Guide and support dye-stained note processing with regard to industry claims.

Qualifications

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

• a Bachelor’s Degree (NQF 7) in Engineering (Mechanical, Chemistry and/or Chemical) or an equivalent qualification; and
• three to five years’ relevant experience in currency management or equivalent experience.

The following would be an added advantage:

• an understanding of currency management and central banking.

Job-related knowledge and skills requirements include: 

• industry, organisational and business awareness;
• stakeholder management skills;
• continued learning and/or professional development skills;
• legislation, governance, risk and compliance knowledge and skill;
• quality assurance skills;
• the ability to manage diverse stakeholders;
• a learning focus; and
• research methodologies knowledge.

Additional requirements include: 

• the ability to effectively communicate with stakeholders at multiple levels;
• planning and organisational skills;
• data analysis skills;
• the ability to work independently;
• analytical and problem-solving skills;
• a service and stakeholder focus;
• judgement and attention to detail;
• teamwork skills;
• impact and influence;
• the ability to be proactive with a drive for results; and
• flexibility.

Systems Administrator

Job Description

Brief description

The main purpose of this position is to provide systems administration and support as well as information management within the Risk and Compliance Management Department (RMCD) by maintaining the integrity and security of systems and providing oversight of data and information assets.

Detailed description

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

• Act as the super administrator for the RMCD systems to ensure the integrity and security of the department’s information.
• Assign approved users to the created roles as requested by users in business.
• Establish and maintain stakeholder relationships to ensure the efficient operation and maintenance of business systems, identifying future business requirements and opportunities for optimisation and proposing solutions.
• Maintain the integrity of the master data on the system to facilitate effective business operations and mitigate systems-related risks.
• Provide first line training and support (basic system functionality) for users within the South African Reserve Bank Group, including user maintenance and information management.
• Log and monitor any unresolved incidents with service providers where necessary and ensure they are addressed.
• Implement enhancements to systems (business processes, changes, upgrades) in consultation with business and/or other stakeholders.
• Stay abreast of industry developments and best practice and apply these in the course of own work.

Qualifications

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

• a National Diploma (NQF 6) or an equivalent qualification; and
• two to five years’ experience in the field of system administration.

Additional requirements include:

• knowledge and skill in:
  • quality assurance;
  • continuous improvement;
  • continued learning and/or professional development;
  • application support and maintenance;
  • infrastructure support;
  • information technology governance;
  • service management;
• information and data management knowledge; and
• client and stakeholder focus.

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.

Change Management Practitioner

Job Description

Brief description                                                                                                                 

The main purpose of this position is to diagnose, design, implement and assess change management strategies and plans in support of organisational projects and programmes within the Prudential Authority (PA), ensuring quality, sustainability and that the benefits of medium to high organisational change initiatives materialise. 

Detailed description

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

• Apply a structured change management approach and methodology for the people impact of implementing organisational projects as developed by the PA.
• Influence and participate in pre-planning activities and provide change management input to ensure change-related impacts are considered when planning the approaches of multiple projects.
• Diagnose, design, develop, integrate and assess change plans and execute deliverables aligned to the project plans of multiple projects.
• Conduct assessments (readiness, impact and training) of multiple projects and analyse and interpret the results thereof, providing recommendations/interventions and reports and executing approved interventions to assist stakeholder decision-making.
• Develop and implement a comprehensive stakeholder engagement and communication, leadership alignment and resistance management plans that are aligned to the project plans for multiple projects.
• Review and prioritise existing training plans across multiple projects and identify gaps therein, develop and implement an appropriate training plan, assess the impact of training and provide recommendations.
• Prioritise the delivery of change initiatives to manage change saturation and the risks and dependencies of multiple projects.
• Develop analytical change reports, identify goals and metrics and make recommendations to guide, advise and influence decision-making.
• Administer a monitoring system that tracks the adoption, utilisation and proficiency of individual changes.
• Coach business owners, managers and teams through change.
• Determine the impact of change management initiatives, identify gaps and develop alternative strategies and interventions as needed.
• Facilitate the development of the post-implementation model and support, and communicate this to stakeholders.

Qualifications

Job requirements

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

• a Bachelor’s degree (NQF 7) in Behavioural Science, Communications or a related field;
• a minimum of five to eight years’ work experience;
• relevant change management certification;
• change management theory and practice; and
• change management consulting experience on projects in a multi-functional organisation.

Additional requirements include:

• experience in:
• project compliance management;
• project change management;
• project planning;
• project reporting;
• industry, organisational and business awareness;
• communication management knowledge and skill;
• stakeholder management knowledge and skill;
• conceptual thinking skills;
• effective communication skills;
• analytical and problem-solving skills;
• systemic thinking skills; and
• facilitation 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 experience and competence.

Business Operations Officer – Domestic Settlement Services

Job Description

Brief description

The main purpose of this position is to ensure the provisioning of effective and efficient payment and settlement services.

Detailed description

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

• Provide support to participants and clearing and settlement operators through various mediums or communication channels.
• Log, monitor, escalate and resolve calls on the call logging system according to agreed service level standards.
• Compile operational and performance reports (internal and external) and customer support engagement reports.
• Analyse data and insights from systems to improve the effectiveness and efficiency of payment and settlement services.
• Monitor the system and its interlinked ancillary systems to ensure that all settlements take place within agreed standards and escalate when necessary.
• Conduct system testing and monitor market testing according to a system test framework, and test the cases developed by the system tester.
• Participate in projects by executing assigned tasks arising from changes to regulations, business and technology.
• Contribute towards and review business and functional requirements and test cases.
• Execute billing, reconcile financial accounts and ensure that costs are recovered.
• Assist with on-the-job training for South African Reserve Bank staff.
• Conduct participant training.
• Contribute towards the induction programme for new employees.
• Compile evidence or sample information for internal and external auditors and contribute to the Principles for Financial Market Infrastructures assessments.
• Identify and report on the operational risks of the unit.
• Prepare and execute resilience tests in line with business continuity management.
• Compile and update the operational and system manuals, procedures and processes.
• Execute the activities set out by the stakeholder management framework at the appropriate level to support operations.
• Coordinate and execute the onboarding and termination of participants (banks and non-banks) on the real-time gross settlement (RTGS) system.
• Capture, verify and update master data changes on the RTGS system.
• Execute and/or monitor the internal and external operational system changes.

Qualifications

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

• a National Diploma (NQF 6) in Business Administration, Financial Management or Operations Management; and
• a minimum of two to five years’ experience in financial services and/or banking services.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• knowledge of:
• the national payment system;
• the settlement system;
• risk management;
• central banking;
• relevant legislation;
• computer literacy skills;
• decision-making skills;
• problem-solving skills; and
• verbal and written communication 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.

Personal Assistant

Job Description

Job title: Personal Assistant 

Location: Head Office, Pretoria

Organisation name: Integrated Economic Accounts Division

Department description: Economic Statistics Department

Brief description

The main purpose of this position is to provide administrative and operational support to the divisional heads of the Integrated Economic Accounts and Business Cycle Analysis divisions within the Economic Statistics Department (ESD). 

Detailed description

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

• Manage and maintain the divisional heads’ calendars, including logistical arrangements for appointments and travel with the relevant personnel.
• Ensure that all documents are submitted to the correct committees ahead of deadlines (e.g. submissions to the Governors’ Executive Committee).
• Prepare and edit correspondence, communication, presentations, agendas, pre-reading materials and other documents, and conduct basic research and analysis where necessary.
• Take, prepare and distribute accurate minutes for divisional meetings, management and other committees and projects.
• Ensure that all incoming and outgoing correspondence is registered and filed in accordance with the South African Reserve Bank (SARB) file plan.
• Create and maintain a contact database for the divisions.
• Manage any administrative activities relating to ESD projects (e.g. Group of Twenty G20 Data Gaps Initiative co-ordination).
• Execute any other tasks as instructed by the divisional heads as and when required.
• Perform day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the divisional heads’ offices.
• Maintain positive internal and external relationships on behalf of the divisional heads by engaging with members and stakeholders at all levels of seniority.
• Collate and coordinate project-based and other information on behalf of the divisions.
• Review operating practices in own area and implement improvements where necessary.
• Coordinate and schedule divisional meetings, functions and team building events.
• Distribute correspondence, circulars and memorandums to ESD or SARB staff on issues emanating from the divisions.

Qualifications

Job requirements

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

• a Grade 12 certificate and a Diploma in Office Administration (NQF 6); and
• a minimum of two to five years’ experience in corporate personal assistance or an equivalent role.

Additional requirements include:

• proficiency in the Microsoft Office 365 suite (Word, PowerPoint, Excel, Teams and Outlook);
• the ability to work independently and outside of normal working hours, when required;
• excellent minute-taking and typing skills;
• good communication and interpersonal skills;
• proven time and quality management skills;
• organisational awareness;
• the ability to take initiative;
• attention to detail and dedication to tasks;
• knowledge of administrative and clerical procedures;
• the ability to plan and organise events;
• problem-solving skills; and
• strong interpersonal skills and a professional demeanour.

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.

Analyst Developer (Java)

Job Description

Brief description

The main purpose of this position is to develop, administer and support information technology (IT) integration solutions to meet the business needs within the South African Reserve Bank (SARB) Group, specifically the Economic Research Department’s forecast platform.

 Detailed description

• System Development and Enhancement:
  • Research and develop new forecast and modelling platform requirements, liaising with all stakeholders.
  • Recommend enhancements to existing forecast and modelling platform functionality, provide technical inputs, and infrastructure support.
  • Keep abreast of developments of information and communications technology trends and within specialised areas of technology (Java and financial technology development) to develop and design the most appropriate IT solution within the area of responsibility.
  • Contribute to system architecture discussions and code reviews.
• System Maintenance and Administration:
  • Maintain the system, oversee and monitor roll-out of new releases, and integrate the system into existing business processes in line with South African Reserve Bank (SARB) and Business Solutions and Technology Department (BSTD) governance and security standards.
  • Maintain certificates (ensuring they are up to date and properly configured to secure communications and data), manage system backups (ensuring they are up to date and properly configured to secure communications and data), and monitor resource utilisation (central processing unit usage, memory usage, disk space, network bandwidth and other system resources).
  • Ensure high performance and availability of critical ERD solutions.
  • Troubleshoot and resolve software defects and technical issues.
• Collaboration and Compliance:
  • Collaborate with BSTD (infrastructure support, cyber security, etc.) and other applicable SARB departments (Legal, Procurement, ESD, etc.) to comply with all IT-related requirements.
  • Participate in internal audits and provide system information required by the Internal Audit Department during their audit processes.
• Data Integration and Mapping:
  • Integrate and map data from various internal and external sources as inputs to the relevant models and related solutions.
• Best Practices and Continuous Improvement:
  • Follow the best software development practices, i.e., DevSecOps.
  • Follow best project management practices such as Scaled Agile Framework®.
  • Support on-the-job training for team members.
  • Collaborate with colleagues and experts in the field to gain insights and practical knowledge to ensure business benefits are realised.
  • Engage in continuous learning through courses, seminars, and workshops.

Qualifications

To be considered for the position, the candidate must be in possession of:

• a Batchelor’s degree in IT or Advanced Diploma (NQF 7) in IT or an equivalent qualification;
• development language certification; and
• at least five to eight years’ relevant experience.

Additional requirements include:

• Proven experience as a Java Developer, ideally in finance or banking;
• Strong knowledge of Java programming language and related frameworks (e.g., Spring, Hibernate);
• Experience with databases like Oracle, MySQL, PostgreSQL, and NetBeans;
• Familiarity with TomEE, Java Enterprise Beans, Java server pages, or servlets;
• Exposure to system administration tools like Linux, Bash, Crontab;.
• Working knowledge of Java concurrency, serialisation, Swing, generics, JavaHelp, JNDI and RMI;
• Familiarity with message-driven architectures and API development;
• Understanding of software security best practices, especially in a banking environment;
• Excellent innovation, problem-solving skills and attention to detail;
• Ability to work independently and in a team;
• Excellent verbal and written communication skills in English;
• Quality assurance skills;
• Managing complexity and ambiguity;
• Planning and organising skills;
• Good judgement and decision-making skills;
• Resilience;
• Experience with Agile and Scrum methodologies and exposure to R, Python, Redmine, EViews, Octave, typesetting and publishing using HTML and TeX is an advantage;

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.

Graduate Development Programme

Job Description

South African Reserve Bank Graduate Development Programme

The South African Reserve Bank (SARB) is inviting productive and talented postgraduates to join its one-year Graduate Development Programme in February 2026.    

What the SARB does

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

What the Programme is about

Exposure to departments in the SARB

Graduates will work and learn at the SARB Head Office from February 2026 to January 2027. They will be assigned to a department and exposed to various tasks and projects.

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

After the first year

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

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

Qualifications

Applications are open to candidates who have a postgraduate qualification in one of the following fields: 
o    e.g Economics
o    Econometrics
o    Statistics
o    Research
o    Policy Analysis
o    Public Finance 
o    Accounting
o    Auditing
o    Law
o    Financial Mathematics
o    Financial Engineering
o    Information Technology
o    Digital Technology
o    Portfolio or Investment Management
o    Mathematics
o    Quantitative Analysis
o    Business Analysis
o    Risk Management (operational and financial risk)
o    Actuarial Science
o    Fintech

You meet the requirements if you:

•    have completed an honours degree (NQF 8);
•    a South African citizen;
•    have attained an average of over 65% in your final year; 
•    have a strong desire to work in financial services and/or policymaking;
•    have a proven track record of academic excellence;
•    have excellent communication and interpersonal skills; and
•    are a curious and keen learner.

Shortlisted applicants will be invited to participate in interviews, assessments and a security clearance as part of the selection process.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. Correspondence will be limited to shortlisted candidates only.

Data Science Graduate Development Programme

Job Description

South African Reserve Bank Data Science Graduate Development Programme

The South African Reserve Bank (SARB) is looking for talented postgraduates to join its one-year Data Science Graduate Development Programme in February 2026.

What the SARB does

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

Description

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

Format of the programme

Graduates will be placed in the Central Bank Department within the SARB, from February 2026 to January 2027. During the programme, graduates will attend various learning interventions at the SARB Academy, including technical training. The programme offers opportunities for a Data Science track, and graduates will work in a Data Lab environment from time to time, on various use cases.

Duration of the programme

One year
 

Qualifications

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

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

Additional requirements

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

Remuneration and benefits

Graduates will receive a market-related salary and additional benefits for the duration of the programme.

Shortlisted applicants will be invited to participate in interviews, assessments and a security clearance as part of the selection process.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. Correspondence will be limited to shortlisted candidates only.

Click here to apply

We wish you all the best with your applications.