SARB Jobs

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

Senior Economic Statistician

Job Description

Brief description

The main purpose of this position is to oversee and manage all relevant activities across the statistical value chain (SVC) for the compilation of high-quality integrated economic statistics for South Africa’s integrated economic accounts (IEA) with specific focus on the financial corporations’ sector, in compliance with international methodology, and to conduct in-depth research and analysis in this specialised field. In this position you will be required to evaluate and provide appropriate recommendations on research and analysis in this specialised field, as well as to lead special projects as required.

Detailed description

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

• Drive the data sourcing strategy to ensure delivery of timely delivery of high-quality IEA statistics in the context of the macroeconomic statistics ecosphere.
• Oversee the production and dissemination of high-quality of IEA statistics and associated macroeconomic indicators in the context of applicable macroeconomic statistical domains.
• Initiate and lead interactions to improve the quality of sourced input data.
• Lead activities contributing to the monitoring, assessment and updating of sectoral macroeconomic landscapes within the South African economy.
• Lead research efforts to improve statistical compilation methods for the IEA.
• Ensures the application of international methodologies, guidelines and best practices in the compilation and research associated with the outpits of the IEA statistics. 
• Drive compliance of IEA statistics with relevant governance frameworks, policies, procedures and legislative requirements across all applicable elements of the SVC.
• Lead and coordinate the compilation of various statistical outputs and publications (i.e.  statistical tables, graphs and reports and Quarterly Bulletin) ensuring that the statistics reconcile with historical trends and all related macroeconomic statistical domains. 
• Develop and coordinate reports, analytical outcomes, research findings and present findings to the senior management of the department and, where applicable, to South African Reserve Bank management and domestic and international external stakeholders. 
• Proactively lead and provide support in engagements with external forums and/or contribute to the development of national statistical standards, classification, frameworks and protocols by actively participating in interactions such as workshops and seminars.
• Stay abreast with emerging research in the area of specialisation and statistical methodologies and recommend improvements in methodologies relevant the area of specialisation
• Actively participate in senior-level meetings (including meetings for the Monetary Policy Committee and Financial Stability Committee), sharing information pertaining to areas of specialisation when required.
• Drive statistical projects and coordination activities in the IEA environment and put processes in place to improve the quality of compiled statistics.
• Provide input related to project-based performance appraisals for team members and provide input into the overall performance evaluations, where appropriate.

Qualifications

Job requirements

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

• an Honours degree specialising in economics or a related field;
• eight or more years’ experience in economic statistics field;
• a proven track record in conducting and delivering high-quality economic analyses; and
• proficiency in the use of Microsoft Office products such as MS Word, Excel and PowerPoint, including the ability to use tools (functions and formulas) to organise, analyse and adjust data.

The following will be added advantage:

• a master’s degree in economics or a related field

Additional requirements include:

• an affinity for statistics and economic analysis, with a strong interest in applying statistical principles to real-world economic data;
• insight and knowledge regarding international statistical manuals and best practices (e.g. International Monetary Fund and Organisation for Economic Co-operation and Development guidelines)
• a task-oriented approach, with excellent time management skills to thrive in a deadline-driven environment where work often requires managing pressure while maintaining quality;
• the ability to work independently as well as within a team/project environment;
• strong report writing skills and the ability to present complex statistical data and analyses clearly and concisely;
• an affinity for statistics compilation applying computerised systems;
• taking initiative and problem-solving skills;
• excellent communication and interpersonal skills;
• analytical skills and a keen attention to detail;
• industry, business and organisational knowledge and skill;
• knowledge of statistical validation and quality control;
• knowledge of economic and/or financial market analysis principles, theories, practices, methodologies and tools knowledge and skill;
• strategic thinking skills;
• ability to manage and lead complex projects and activities;
• leading and adapting to change;
• planning and organisational skills; and
• interest in continuous development and capacitating others.

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

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

Executive Personal Assistant

Job Description

Brief description

The main purpose of this position is to provide administrative support and assistance to the Office of the Chief Operating Officer (COO) at the South African Reserve Bank (SARB).

Detailed description

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

• Manage and maintain the managers’ diaries, including making logistical arrangements for appointments and travelling commitments in liaison with relevant personnel.
• Receive, screen and respond to incoming telephone calls using own initiative and, where applicable, deal with queries and/or route calls to appropriate people.
• Prepare and edit correspondence, communication, presentations and other documents, and conduct basic research and analysis for this purpose, where necessary.
• Ensure that all incoming and outgoing correspondence (electronic mail or otherwise) is registered and filed in accordance with the File Plan of the SARB.
• Keep track of documents, maintain a registry, and compile weekly reports for follow-ups.
• Collate and coordinate project-based and other information.
• Review the operating practices in own area and implement improvements, where necessary.
• Maintain positive internal and external relationships on behalf of the managers, engaging with members of staff and other stakeholders at all levels of seniority.
• Create and maintain a contact database for the managers’ offices as well as a filing system in accordance with the SARB’s File Plan.
• Perform the day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the managers’ offices.
• Serve on relevant divisional, departmental and/or SARB-wide project teams based on experience, skill and ability.
• Execute any other tasks as instructed by the managers, as and when required.

Qualifications

Job requirements

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

• a Matric certificate;
• a Secretarial Diploma or another relevant post-Matric qualification; and
• at least 6–8 years’ experience in a corporate personal assistant or equivalent environment, with experience in supporting executives.

The following would be an added advantage:

• a Bachelor’s degree (NQF 7).

Additional requirements include:

• proficiency in the Microsoft Office suite (Word, PowerPoint, Excel and Outlook);
• knowledge of administrative and clerical procedures;
• proficiency in English (verbal and written);
• secretarial expertise; 
• excellent typing skills;
• the ability to work independently and outside of normal working hours, when required;
• time management and quality assurance skills;
• analytical and problem-solving skills;
• planning and organising skills;
• the ability to work under pressure;
• organisational awareness;
• interpersonal skills;
• adaptability; and
• attention to detail.

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

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

Housekeeper

Job Description

Brief description

The main purpose of this position is to perform general stay-in housekeeping duties at the residence of the Governor of the South African Reserve Bank.

Detailed description

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

• Organise yourself to ensure that allocated work is completed within set timeframes and defined standards.
• Perform routine and well-defined tasks, such as general housekeeping duties which include cleaning, laundry, completing inventory forms, stocking of supplies and escalation of areas of concern.
• Prepare and serve food and beverages for residents and guests.
• Order food ingredients and cleaning consumables in a timely manner.
• Apply basic rules of courtesy when in contact with visitors to the Governor’s residence, always displaying a service-oriented attitude.
• Engage with fellow team members and stakeholders in a manner that reflects a sound and effective working relationship.
• Proactively understand the impact of your own output in a wider service delivery context at the Governor’s residence.
• Willingly and enthusiastically make useful and meaningful changes to your way of work.

Qualifications

Job requirements

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

• a Grade 12 certificate or an equivalent qualification; and
• a minimum of a year’s experience in the hospitality environment, specifically in executive housekeeping.

Additional requirements include:

• food hygiene knowledge;
• planning and executing house chores;
• general health and safety knowledge;
• knowledge and skill in:
• food and/or beverage preparation;
• food and/or beverage serving;
• the use hospitality services utensils, tools and equipment;
• events management; and
• managing hospitality services stock and inventory;
• problem-solving;
• etiquette of serving food and beverages;
• computer literacy (i.e. a working knowledge of the Microsoft Office suite); and
• good verbal and written communication skills.

Cyber Security Specialist – Identity Governance and Administration x2

Job Description

Brief description

The main purpose of this position is to research, design, develop, implement and mature cybersecurity operations (CSO)-related technologies and solutions within the Business Solutions and Technology Department (BSTD) of the South African Reserve Bank (SARB) Group.

Detailed description

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

• Provide technical expertise as input into cybersecurity capabilities and appropriate controls for departmental/group projects to contribute towards business objectives.
• Provide operational management support through effective reporting and dashboard creation where relevant.
• Design and deploy industry-aligned security solutions to meet business requirements.
• Use and maintain security technologies to identify potential security issues across technologies, solutions and applications within the SARB Group.
• Respond to minor security breaches by executing operational countermeasures, including making technical configuration changes. 
• Support the investigation and containment of major incidents using advanced information.
• Innovate, design and implement opportunities for improvements/enhancements, integration, consolidation and automation to ensure the cost-effective and optimal use of CSO technology and resources in support of protecting business solutions.
• Research and keep abreast of new and changing cybersecurity technologies and architectures.
• Scan the external threat landscape, identify vulnerabilities within SARB Group solutions and assist solution owners with remediation activities relating to ever-evolving cyber threats.
• Provide technical input into addressing audit findings, penetration tests, threat intelligence-based ethical red-teaming and other risk assessments.
• Work closely with the governance teams to develop policies, standards and a group cybersecurity strategy.
• Attend to service and incident requests and ensure the resolution thereof within agreed service level standards.

Qualifications

Job requirements

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

• a minimum of a Bachelor’s degree (NQF 7) in Information Technology or an equivalent qualification; and
• five to seven years’ job-related experience in a security operations environment and related systems (e.g. identity lifecycle management (joiner, mover, leaver), role-based access control, Java BeanShell scripting, PowerShell, JavaScript, application programming interfaces, JSON, OpenID Connect, OAuth 2.0, SAML authentication, Federations, just-in-time access, LDAP, business-to-business and business-to-consumer concepts and zero trust architecture).

The following would be an added advantage:

• relevant cybersecurity certifications, such as CompTIA Advanced Security Practitioner, and technology-specific certifications.

Additional requirements include:

• knowledge and skill in:
  –    quality assurance;
  –    continuous improvement;
  –    professional development;
  –    identity governance and administration (SailPoint IdentityIQ or IdentityNow);
  –    customer identity and access management (Microsoft Entra External ID);
  –    privileged identity management (Microsoft Entra ID);
  –    privileged access management (BeyondTrust or CyberArk);
  –    Oracle Cloud Infrastructure Identity and Access Management;
  –    Oracle Access Manager;
  •    industry, organisational and business awareness;
  •    troubleshooting skills;
  •    identity and access management knowledge; and
  •    operations support knowledge.

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

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

Senior Compliance Analyst

Job Description

Brief description

The main purpose of this position is to develop, embed and maintain compliance risk management processes, frameworks and policies to enable the South African Reserve Bank (SARB) Group to respond to compliance risk exposures and leverage opportunities.

Detailed description

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

• Develop, maintain and embed SARB Group compliance management frameworks, methodologies, processes and systems and embed related policies.
• Develop risk management quality criteria and perform quality reviews on risk management outcomes.
• Identify, collate, analyse and report on legislative developments to the SARB Group.
• Analyse and assess the impact of emerging compliance risks on the SARB Group and report thereon.
• Identify training needs, develop a training plan for compliance risk management and conduct related training.
• Facilitate priority 1 legislation compliance risk management processes in the SARB Group in accordance with the SARB Group Compliance Management Framework.
• Compile, coordinate and monitor the implementation of the Risk Management and Compliance Department (RMCD) compliance risk treatment action plans, and provide integrated reporting on compliance risk management outcomes and activities to the SARB Group’s executives and risk oversight committees.
• Lead the development of the organisation-wide and SARB Group regulatory universe in collaboration with stakeholders, and coordinate and embed compliance risk and continuous risk management across the SARB Group (key risk indicators, compliance risk incidents and emerging risks).
• Develop compliance and regulatory risk awareness campaigns to educate stakeholders, influence behaviour and promote a positive and proactive compliance risk management culture across the SARB Group.
• Analyse risk data and information on the various compliance risk management plans (cross-cutting) to identify trends, interconnectedness and commonalities, create compliance risk reporting, and derive reliable business intelligence/insights for management to enable decision-making. 
• Manage internal and external stakeholder relationships to manage compliance risks effectively.
• Research and benchmark leading compliance risk management processes and developments and propose improvement accordingly.
• Analyse and understand the SARB’s environment (internal and external) to support and guide the identification of compliance risks and opportunities to enable decision-making.
• Provide input on integrated risk management processes (i.e. policies, methodologies and frameworks).
• Monitor the implementation of the RMCD compliance risk treatment action plans, and report on their progress and impact on risks. 
• Drive a positive culture within the division and department.
• Manage the performance of team members and promote and support career management and development, where applicable.
• Oversee the integration of RMCD and other specialised risk areas.
•  

Qualifications

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

• the minimum of an Honours degree (NQF 8) in Compliance Management, Risk Management, Auditing or an equivalent qualification; and 
• the minimum of 8–10 years of experience in the relevant environment (audit, information technology and risk) and at least three years’ supervisory experience.

The following would be an added advantage:

• Compliance Practitioner (SA) and Certified Anti-Money Laundering Specialists certification.

Additional requirements include:

• knowledge in:
  • the industry, organisation and business;
  • quality assurance;
  • continuous improvement;
  • continued learning and/or professional development;
  • risk management principles, tools, methodologies, frameworks, policies and processes;
  • risk management strategy and planning;
  • risk identification, analysis and assessment;
  • risk mitigation and management;
• risk monitoring and reporting skills;
• project management skills; and
• the ability to build and manage relationships.

Accounts Clerk: Payments 

Job Description

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

• Engage in the short-term planning and perform tasks against work plans as defined in conjunction with the supervisor.
• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with set standards, policies and other guidelines.
• Identify, evaluate and solve defined, routine and new problems within a familiar context.
• Perform general accounting duties and reconciliations in accordance with the accounting and SARB policies, relevant accounting standards and applicable legislation. 
• Prepare and provide information related to transactions within a defined context to relevant stakeholders.
• Perform general administrative tasks, including preparing payment instructions, data capturing and record-keeping, to ensure the smooth running of operations in FSD.
• Create and maintain consistent metadata in a manner that allows for a clear and unambiguous data element definition and meets legislative, quality and security requirements.
• Test any system changes for the core banking module (where required).
• Engage with the relevant stakeholders/clients within the SARB and external parties, displaying a service orientation in own work and the ability to handle basic queries and explain information fluently. 
• Proactively broaden own knowledge of the functional area, displaying a willingness to make improvements in own work (including methods and practices). 
• Evaluate own performance against given criteria and identify and address task-specific learning needs.

Qualifications

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

• a minimum of a National Diploma in Accounting (NQF 6) or an equivalent qualification; and
• six months to two years’ working experience in a financial environment, specifically in accounting.

Additional requirements include:

• knowledge and skills in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• finance project management;   
• financial accounting;    
• financial reconciliation;
• cash requisition and recording transactions;      
• payment settlement accounting;                       
• function-specific performance management;     
• function-specific information systems;  
• business continuity planning;
• conceptual thinking skills;
• effective communication skills;
• flexibility;
• a drive for results;
• a learning focus;
• teamwork skills; 
• a service and stakeholder focus;
• the ability to build and maintain relationships;
• sound judgement and decision-making skills;
• impact and influence;
• analytical and problem-solving skills;
• resilience; and
• the ability to manage complexity and ambiguity.

Insurance and Payments Screening Officer

Job Description

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

• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.
• Perform insurance-related accounting duties (including reconciliation and the application of value-added tax) in accordance with accounting and SARB policies, relevant accounting standards and legislation.
• Administer the staff insurance cover by processing applications, arranging insurance cover and effecting premium deductions.
• Administer all insurance claims in accordance with insurance policies and practices.
• Gather, prepare and provide insurance underwriting and claims information to enable effective decision-making by clients, management and other relevant stakeholders.
• Perform general administration, including preparing payment instructions, data capturing and record-keeping, to ensure the smooth running of the section’s operations.
• Review and monitor transactions flagged by the payment screening system for potential matches to sanction lists.
• Investigate alerts to determine whether they are true matches and released according to guidelines.
• Engage at varying levels of seniority with relevant stakeholders/clients/service providers within the SARB Group and externally, displaying a service orientation and the ability to solicit information and convey and explain information fluently.
• Stay abreast of developments in the internal and external environment and broaden knowledge of functional area and insurance practices.
• Evaluate own performance against given criteria, and identify and address task-specific learning needs.

Qualifications

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

• a higher certificate (NQF 5) in Insurance or an equivalent qualification; and
• at least two to three years’ experience in a financial/insurance services environment, specifically in the area of insurance administration and anti-money laundering. 

The following would be an added advantage:

• a Bachelor of Commerce degree in Accounting or Risk Management.

Additional requirements include:

• knowledge and skills in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development; 
• claims process knowledge;
• project management;
• financial reconciliation;
• accounts payable;
• interpersonal sensitivity;
• verbal and written communication skills;
• problem-solving skills;
• a drive for results;
• attention to detail;
• flexibility;
• teamwork skills; and
• a client and stakeholder focus.

Associate Economic Statistician X3

Job Description

Brief description

The main purpose of this position is to collect input data, conduct statistical processing and analyse integrated economic accounts (IEA) statistics and associated macroeconomic indicators. The aim is to provide accurate, high-quality economic information that supports informed decision-making and policy formulation by the South African Reserve Bank (SARB). This position offers opportunities to participate in special projects and gain exposure to cutting-edge research and statistical methodologies.

Detailed description

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

• Collect, compile and analyse IEA statistics and associated macroeconomic indicators, and share findings with senior management.
• Populate, process and manage data across all relevant economic indicators and disciplines within the IEA domain, maintaining a comprehensive and accurate database.
• Validate source data and check the accuracy of received and processed data, frequently liaising with data providers.
• Assist in departmental special projects.
• Conduct methodological research to improve the maturity and quality of relevant economic indicators.
• Reconcile input data and economic findings with other macroeconomic statistics using advanced business intelligence tools and applications.
• Monitor and analyse conditions affecting the economy by staying abreast of developments in the assigned domain.
• Apply appropriate methodological standards, guidelines and principles in line with international best practices.
• Stay informed of new research and statistical methodologies, considering their implications for the work area.
• Compile thorough, comprehensive and descriptive reports.
• Collaborate with external stakeholders and represent the SARB in professional settings.
• Prepare and deliver impactful briefings and presentations on research findings and economic analysis to internal and external stakeholders.

Qualifications

Job requirements

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

• an Honours degree in Economics, Statistics or a related field, with some accounting background;
• Two to five years’ experience in economic analysis, research and/or macroeconomics, microeconomics or financial economics;
• a proven track record of conducting and delivering high-quality economic analyses; and
• proficiency in Microsoft Office tools such as Word, Excel and PowerPoint, including the ability to use functions and formulas to organise, analyse and manipulate data.

The following would be an added advantage:

• familiarity with R statistical software and/or Python.

 Additional requirements include:

• an affinity for statistics and economic analysis, with a strong interest in applying statistical principles to real-world economic data;
• knowledge of international statistical manuals and best practices (e.g. International Monetary Fund and Organisation for Economic Co-operation and Development guidelines);
• a task-oriented mindset and excellent time management skills to thrive in a deadline-driven environment;
• the ability to work independently and in team/project settings;
• strong report-writing skills and the ability to clearly and concisely present complex data and analysis;
• competence in computerised systems for statistics compilation;
• initiative and sound problem-solving capabilities;
• excellent communication and interpersonal skills; and
• strong analytical abilities and attention to detail.

Work Integrated Learning Programme

Job Description

Background

The South African Reserve Bank (SARB), in collaboration with the South African Bank Note Company (RF) Proprietary Limited (SABN), actively contributes to addressing the country’s skills shortage in the technical and engineering fields through its Work Integrated Learning Programme (WILP).

WILP is an internship and apprenticeship programme aimed at giving successful applicants maximum training exposure within the technical and engineering fields available within the SARB and its banknote-producing subsidiary, the SABN, preparing them for their trade test and national diploma.

Programme structure

Participants will be placed at the SARB’s Head Office in Pretoria, the SABN in Pretoria North, and the SARB’s cash centres located in Cape Town, Durban and Johannesburg. Participants will receive a work-based learning stipend for the duration of the programme.

Requirements

Participants will consist of the following groups:

• Artisan: learners from Further Education and Training Colleges with at least an N4 certificate requiring 36 months of practical work experience to obtain an occupational trade qualification or a trade test. The disciplines that will be considered are Electrical, Electronics, Mechanical, Plumbing, HVAC and Carpentry.
• Technician: learners from Universities of Technology with at least an S4 who require 12 months of practical work experience as a requirement to complete their national diplomas. The disciplines that will be considered are Electrical and Mechanical Engineering.

If you are a South African citizen and meet the above-mentioned requirements, you are welcome to apply.

Qualifications

How to apply

Applicants MUST apply online, via www.resbank.co.za.

All available vacancies will be visible.

Follow these links: 

• Click on WORK @ SARB (Career opportunities).
• Under Latest vacancies, scroll to ‘For more vacancies click here’ and click on here.
• Click on All jobs.           
• Select the job you want to apply for. 
• Click on Apply now.
• Login/register
• Is this your first visit to our Job Site? > Register today (Ensure that you include all your skills and qualifications during the registration process.); or
• Already registered on our Job Site? > Already registered? > Login here.

Please attach a certified copy of your latest academic records, but do not include your curriculum vitae (CV) with your application.

Shortlisted applicants will be subjected to a psychometric assessment and a security clearance as part of the selection process.

Suitable candidates will be selected based on the SARB’s commitment to diversifying its workforce.

The closing date for applications is 08 May 2025. Late applications will not be considered.

Correspondence will be limited to shortlisted candidates only.

Human Resources Department

Talent Acquisition

Manager – Banking Supervision

Job Description

Brief description

The main purpose of this position is to manage the delivery by a team of analysts, contributing to the effective and efficient supervision of a portfolio of banks.

Detailed description

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

 Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated financial entities, including the operational alignment of supervisory programmes and targets. 

• Provide leadership within the Cooperative Banking Institutions Supervision Division of the Prudential Authority (PA) and support the relevant Divisional Head in achieving the overall departmental objectives. 
• Provide technical assistance and guidance to a team of analysts. 
• Manage the team’s deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation. 
• Manage the team’s performance. 
• Manage talent, including the learning and development of team members 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 within the PA. 

Qualifications

Job requirements

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

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

The following would be an advantage:

• a Chartered Accountant (South Africa) certification; and/or 
• an Associate General Accountant (South Africa) certification.

Additional requirements include:

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

Senior Actuarial Analyst

Job Description

Brief Description

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

Detailed description

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

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

Qualifications

Job requirements

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

• have a relevant Postgraduate degree in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from all part A1 and part A2 subjects plus the A301 subject of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• eight to ten years’ relevant working experience, preferably in the life insurance industry.

The following would be an added advantage:

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

Job related skills and knowledge:

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

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.

Markert Risk Analyst

Job Description

Brief description

The purpose of this position is to realise the responsibilities of the Risk Support Department (RSD) within the Prudential Authority (PA), which is housed in the South African Reserve Bank (SARB), in respect of the regulation and supervision of market risk, equity risk in the banking book, margin requirements and counterparty credit risk (risk types) emanating from the activities in which institutions falling under the supervisory scope of the PA participate.

Detailed description

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

• Understand institutions’ strategies and business models in the relevant environments to which the risk types relate. 
• Monitor the relevant industry’s exposure to the risk types.
• Monitor industry compliance with the regulations governing these risk types.
• Benchmark institutions’ risk management practices with respect to the risk types management best practice.
• Evaluate institutions’ internal models for the management of these risk types.
• Provide specialist input with regards to the risk types to front-line supervision and policy development.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Participate in capital/own fund requirement adequacy assessments.
• Contribute to risk-based meetings with representatives of institutions and their auditors.
• Conduct thematic reviews pertaining to the risk types.
• Inform RSD of the aggregate behaviour of banks pertaining to the risk types.
• Develop and maintain regulations and instructions governing the statutory requirements for the risk types. 
• Develop internal policies and processes for supervising the risk types.
• Participate in international and domestic forums related to the establishment of regulations pertaining to the risk types.
• Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

Qualifications

Job requirements

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

• a postgraduate degree (NQF 8) in Banking, Computer Science, Data Science, Economics, Finance, Mathematics or Statistics, or another relevant quantitatively focused postgraduate degree; and
• at least 5–8 years of applicable experience in the banking, insurance or financial regulatory sector in positions related to the risk types.

Please note that preference will be given to candidates with financial mathematics or financial engineering postgraduate qualifications.

The following would be an added advantage: 

• being a Chartered Financial Analyst (CFA);
• being a Financial Risk Manager (FRM);
• having a Certificate in Quantitative Finance (CQF) or another appropriate industry-recognised certification; and/or
• having a Master of Business Administration (MBA) degree or another relevant Master’s-level (or higher) management-related degree.

 Additional requirements include:

• knowledge of, and experience in, the banking, insurance and financial market infrastructure systems, financial products, regulations and risk type approaches and models;
• asset class experience across equities, foreign exchange, fixed income etc.;
• thorough knowledge of the various standards developed by international standard-setting bodies related to the risk types at both a theoretical and a practical level;
• knowledge of the relevant Acts and associated laws, regulations as well as supervisory frameworks pertaining to banks, insurance, financial market infrastructures and more generally the financial sector; 
• knowledge of the relevant Basel frameworks, including the Basel Core Principles for Banking Supervision, market risk, counterparty credit risk, credit valuation adjustments etc

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: Procurement Operations

Job Description

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

• Develop and implement operational plans for the division that align with the Financial Services Department (FSD) and the SARB, while also setting clear performance expectations for the team. 
• Oversee and manage the day-to-day operations of the division, including travel services, the procurement service desk, tactical buying as well as vendor and catalogue master data. 
• Enhance and maintain relationships with relevant internal and external stakeholders. 
• Analyse and integrate management information for reporting to top management and stakeholders. 
• Ensure the procurement of goods and services follows the Procurement Policy and relevant guidelines, maintaining good governance. 
• Continuously improve the delivery and functioning of the operations unit within the Procurement Division. 
• Manage all tactical buying and travel-related risks. 
• Analyse spending and demand to develop and implement tactical category strategies. 
• Collaborate with the Legal Services Department (LSD) for contract review and administration.
• Work with the strategic sourcing and governance units to optimise procurement and governance processes. 
• Manage staff performance and development in the division, providing technical coaching, guidance and motivation to achieve results. 

Qualifications

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

• at least an Honours degree (NQF 8) in Commerce or Supply Chain Management, or an equivalent qualification; 
• a minimum of eight to 10 years’ experience in a strategic sourcing environment, of which at least two to three years were in a management capacity; and
• a Chartered Accountant (SA) qualification, a Master of Business Administration (MBA); or a Chartered Institute of Purchasing and Supply (CIPS) certification will be an added advantage.

Additional requirements include:

• knowledge and skills in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development; 
• the procurement reporting process and metrics;
• procurement markets;           
• strategic sourcing;     
• category management;         
• contract management;          
• tendering;
• analytical and problem-solving skills; 
• judgement and decision-making skills;         
• negotiation skills;
• conceptual and critical thinking;
• a drive for results;
• developing and growing others; 
• promoting teamwork; 
• effective communication; 
• planning and organising;
• a service and stakeholder focus;
• impact and influence; and
• internal and external stakeholder engagement.

Associate Compliance Officer

Job Description

Brief description

The main purpose of this position is to process applications received from Authorised Dealers and Authorised Dealers with limited authority (ADLAs), and to participate in inspections to ensure compliance with the Exchange Control Regulations, ADLA Manual, Financial Intelligence Centre Act 38 of 2001 and other applicable legislation. 

Detailed description

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

• Process applications for approval, delivering work that meets the prescribed time and quality standards.
• Assist in the planning of inspections, conduct inspections and provide written reports on inspection findings for approval.
• Perform day-to-day administration, including data analysis and report writing, in support of operational efficiency within the division.
• Engage in short-term planning and prioritise and perform tasks against work plans as defined in conjunction with the team leader.
• Engage with relevant internal and external stakeholders, displaying an ability to convey and explain information fluently.
• Proactively broaden own knowledge of functional area and stay abreast of market-related and legislative developments.
• Diagnose problems and choose and/or modify routines to deal with them, displaying the ability to provide solutions to problems within a defined context.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.

Qualifications

Job requirements

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

• a Bachelor’s degree in Auditing, Compliance, Finance or Law, or an equivalent NQF 7 qualification; and 
• two to five years’ experience in exchange control, banking, anti-money laundering or another relevant regulatory environment.

Additional requirements include:

• skill and knowledge in:
  – industry, organisational and business awareness;
  – business continuity planning;
  – risk based approach supervision, compliance monitoring and reporting;
•  skill in:
  – verbal and written communication (including presentation and report writing); 
  – analysis and problem-solving;
  – judgement and decision-making;
  – planning and organising;
• a service and stakeholder focus;
• a drive for results;
• 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.

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

Associate Credit Risk Analyst

Job Description

Brief description

The purpose of this position is to realise the responsibilities of the Risk Support Department of the Prudential Authority (PA) in respect of the supervision and regulation of credit risk in banks, insurers and financial market infrastructures (collectively referred to as regulated financial institutions). This includes being involved in operational duties associated with on- and off-site analysis as well as being part of a team of risk specialists who are responsible for providing specialist knowledge, skills and experience in the credit risk management area.

Detailed description

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

–    Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) in line with international best practices.
–    Stay abreast of international best practices and developments surrounding credit risk.
–    Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
–    Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
–    Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated      financial institutions.
–    Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
–    Prepare detailed reports based on the outcome of the analysis performed.
–    Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
–    Provide specialist credit risk support.
–    Contribute to risk-based meetings with regulated financial institutions and their auditors.
–    Interact with external credit assessment institutions when necessary.
–    Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
–    Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
–    Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

To be considered for this position, candidates must have:

•    a relevant Postgraduate qualification (NQF 8) in Accounting, Financial Management, Risk Management or Banking); and
•    two to five years’ relevant working experience in the financial/banking/regulatory sector or in risk management.

Additional requirements include:

•    knowledge of the risks facing regulated financial institutions;
•    knowledge of financial products;
•    good working knowledge of Microsoft Office software packages (i.e. Word, Excel and PowerPoint) and other related software packages;
•    innovative analytical/problem-solving skills;
•    strong verbal and written communication skills;
•    ability to work in a team and contribute to team success;
•    decision-making abilities with the ability to initiate action; and
•    effective time management 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.

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