SARB Jobs

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

Data Steward – NPSD

Job Description

Brief description

The main purpose of this position is to provide support to the National Payment System Department (NPSD) in managing and overseeing data and information assets, ensuring high quality and accessible information for the South African Reserve Bank (SARB).

Detailed description

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

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Acquire new data sources to enable effective departmental decision making.
• Identify and manage data assets within the domain, ensuring alignment and integration across elements.
• Create and maintain consistent metadata to ensure clear and precise data definition, while complying with legislative, quality and security requirements.
• Develop and maintain business metadata for published data sources, ensuring that it is easily discoverable and meaningful to information consumers.
• Provide relevant data for appropriate consumers within the SARB Group and relevant stakeholders and monitor published data sources for feedback on usage, relevance and quality.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry and ensure consistency in data usage across various systems.
• Monitor and improve data quality through defined metrics, continuous feedback loops and proactive issue resolution.
• Proactively identify and resolve data integrity and quality issues.
• Stay current with developments in all functional areas relevant to information management and ensure appropriate application thereof.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.
• Represent the SARB’s NPSD at the Data Stewards Council.

Qualifications

Job requirements

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

• a Bachelors degree in Computer Science, Information Technology (IT), Mathematics or an equivalent qualification at NQF 7 level; and
• five to eight years’ experience in data governance, data architecture or metadata management.

The following would be an added advantage:

• DAMA-certified data management professional (CDMP) or similar data management certification.

Additional requirements include:

• enterprise information management (EIM) legislation, governance, risk management and compliance knowledge and skill;
• EIM reporting knowledge and skill;
• information governance knowledge and skill;
• data security knowledge and skill;
• reference and master data knowledge and skill;
• metadata management knowledge and skill;
• data quality management knowledge and skill;
• knowledge of the Data Product Life Cycle (DPLC);
• continuous improvement knowledge and skill;
• competency in the use of Microsoft (MS) Office software packages (e.g. MS Excel, MS Word and MS PowerPoint);
• excellent verbal and written communication skills (including presentation and report-writing skills);
• analytical and problem-solving skills;
• judgement and decision-making skills;
• planning and organising skills;
• a drive for results;
• building and managing relationships;
• a stakeholder and client focus;
• impact and influence;
• flexibility; and
• innovation and creativity.

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

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

Click here to apply

Associate Resolution Planning Specialist – Fin Stab

Job Description

Brief description

The main purpose of this position is to conduct research, support the development of crisis management capabilities within the South African Reserve Bank (SARB, and assist with the development of resolution policies and plans for financial institutions.

Detailed description

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

• Conduct research to inform the development of policies related to the SARB’s crisis preparedness and management and resolution functions.
• Analyse data submitted by financial institutions to aid the development of resolution plans and the execution of resolvability assessments.
• Identify information gaps and contribute to developing proposals aimed at addressing these gaps.
• Engage with financial institutions and industry stakeholders on issues related to crisis management and resolution.
• Provide administrative support for meetings with both internal and external stakeholders.
• Assist in the coordination and administration of the SARB’s resolution and crisis management governance forums.
• Stay abreast of international best practices and sector developments, analyse their implications for the Resolution and Crisis Preparedness Division and suggest improvements to current practices.
• Assist in preparing presentations for various SARB and industry forums on topics related to crisis management and resolution.
• Support the day-to-day operations of the Resolution and Crisis Preparedness Division.

Qualifications

Job requirements 

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

• an Honours’ degree in statistics, mathematics, economics, or finance or have an equivalent qualification; and 
• two years’ job-related experience within the financial sector or financial services industry.

Additional requirements include:

• knowledge of regulatory frameworks and international standards;
• knowledge and understanding of business continuity or crisis management;
• knowledge of, or experience in, managing distressed assets;
• facilitation and presentation skills;
• strong interpersonal skills;
• strong communication skills (verbal and written); and
• proficiency in the use of Microsoft (MS) Office products such as MS Teams, Word, Excel and PowerPoint.

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

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

Click here to apply

Senior Team Leader: National Operations Centre – GSMD

Job Description

Brief description

The main purpose of this position is to provide leadership and oversee security incident information management to ensure effective situational awareness that supports tactical strategic decisions relating to the security posture of the South African Reserve Bank (SARB) Group.

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

• Manage day-to-day centralised security incident information management and reporting to ensure situational awareness across the SARB Group in support of the security strategic value proposition of a secure operating environment. 
• Develop and manage the Incident Information Management Framework.
• Continually assess the strategy for responding to ongoing incidents, coordinate the execution of such a strategy with operational areas, and initiate the incident management process.
• Oversee and manage governance processes for security incident information management. 
• Provide recommendations to improve response and management processes for the security monitoring teams and applicable operational areas.
• Refine and continuously improve security incident management processes, including liaising with the security incident monitoring and management teams to improve incident response and management capabilities across the SARB Group. 
• Manage coordination between the incident response team and the investigative and support functions within the SARB Group to ensure effective response and management capabilities across the SARB Group. 
• Ensure security incident information management processes are based on industry practices and that guidelines are maintained and incorporated in the various functional areas within the team.
• Compile and provide integrated management information reports to support decision-making.
• Lead and participate in engagements with relevant stakeholders, both within the SARB Group and with external parties, demonstrating a service orientation as well as the ability to solicit and convey information effectively. 
• Take responsibility for ensuring industry practices and changes are maintained and incorporated in own functional area.

Qualifications

To be considered for this position, candidates must have:

• an Honours degree (NQF 8) in Security Management or Information Technology or an equivalent qualification in a related field;
• eight to 10 years’ experience in a security incident handling and response environment, of which at least three years should be in a managerial or leadership capacity; and 
• sound knowledge and experience in areas such as situational awareness, business continuity, information management and stakeholder engagement.

The following will be an added advantage:

• a security certification, such as CISP or SANS SEC504: Hacker Tools, Techniques, Exploits and Incident Handling.

Additional requirements include:

• a drive for results;
• client and stakeholder focus;
• analytical and problem-solving skills;
• developing and empowering others;
• leading teams through effective communication and collaboration;
• service and stakeholder focus;
• impact and influence; 
• flexibility; and 
• sound judgement and decision-making skills.

Click here to apply

Security System Technician – Durban

Job Description

Brief description

The main purpose of this position is to conduct corrective, preventative and emergency maintenance and enhancement on all physical electronic security systems within the Durban Cash Centre of South African Reserve Bank (SARB) thereby ensuring their health, integrity, availability and reliability.

Detailed description

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

• Identify opportunities for integration, collaboration and interfacing of physical electronic security systems with other systems and guide the implementation thereof.
• Plan and conduct corrective and preventative maintenance on physical security systems across the SARB Group facilities to ensure functionality and serviceability of all security systems.
• Monitor, review and maintain health status of all physical electronic security systems across SARB Group facilities.
• Provide first and second-line responses to any security system fault within the SARB Group to ensure that investigative diagnostics are conducted and faults are attended to by either being prepared or replaced.
• Manage third-line technical escalation support and remedial action plan on deployed physical electronic security systems across the SARB Group to ensure serviceability of all systems.
• Install, configure and test physical electronic security systems replacements components.
• Provide technical expert input on projects and initiatives, end-to-end research, design, build and run methodology in relation to the electronic physical security system. 
• Provide a consolidated maintenance report, including findings, recommendations and remedial actions. 
• Analyse, collate and escalate technical serviceability information to the Team Leader: Security Systems Technical Support for reporting, planning, decision making and third-party incident management.
• Provide quality assurance on installation and maintenance support performed by service providers to ensure that it is implemented according to the SARB standards and instructions. 
• Source and provide technical information for the procurement process for all required electronic security systems equipment, services and vendor support to ensure that it meets all SARB technical specifications and standards for approval by the Team Leader/Senior Team Leader.
• Manage relationships with all stakeholders, vendors, role players and service providers to ensure functionality and serviceability of all security systems.
• Stay current with industry developments and best practices and apply these in the course of own work.
• Perform standby duties and perform after hours maintenance work, where applicable.

Qualifications

To be considered for this position, candidates must have:

• a National Diploma in Information Technology/Systems Development/Electronics (NQF 6) or an equivalent qualification;
• registered or eligible for registration for PSIRA Grace C; and
• three to five years of experience in an electronic security and information technology systems environment, with specific emphasis on the installation, maintenance and repairs of physical security systems; and
• an N+ Certification will be an added advantage.

Additional requirements include:

• industry, organisational and business awareness knowledge and skills;
• quality assurance knowledge and skills;
• continuous improvement knowledge and skills;
• continued learning and/or professional development knowledge and skills;
• networking infrastructure knowledge and skills;
• application support and maintenance knowledge and skills; and
• systems integration knowledge and skills; and system specialisation knowledge and skills

Click here to apply

Security Systems Technician – Cape Town

Job Description

Brief description

The main purpose of this position is to conduct corrective, preventative and emergency maintenance and enhancement on all physical electronic security systems within the Cape Town Cash Centre of South African Reserve Bank (SARB) thereby ensuring their health, integrity, availability and reliability.

Detailed description

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

• Identify opportunities for integration, collaboration and interfacing of physical electronic security systems with other systems and guide the implementation thereof.
• Plan and conduct corrective and preventative maintenance on physical security systems across the SARB Group facilities to ensure functionality and serviceability of all security systems.
• Monitor, review and maintain health status of all physical electronic security systems across SARB Group facilities.
• Provide first and second-line responses to any security system fault within the SARB Group to ensure that investigative diagnostics are conducted and faults are attended to by either being prepared or replaced.
• Manage third-line technical escalation support and remedial action plan on deployed physical electronic security systems across the SARB Group to ensure serviceability of all systems.
• Install, configure and test physical electronic security systems replacements components.
• Provide technical expert input on projects and initiatives, end-to-end research, design, build and run methodology in relation to the electronic physical security system. 
• Provide a consolidated maintenance report, including findings, recommendations and remedial actions. 
• Analyse, collate and escalate technical serviceability information to the Team Leader: Security Systems Technical Support for reporting, planning, decision making and third-party incident management.
• Provide quality assurance on installation and maintenance support performed by service providers to ensure that it is implemented according to the SARB standards and instructions. 
• Source and provide technical information for the procurement process for all required electronic security systems equipment, services and vendor support to ensure that it meets all SARB technical specifications and standards for approval by the Team Leader/Senior Team Leader.
• Manage relationships with all stakeholders, vendors, role players and service providers to ensure functionality and serviceability of all security systems.
• Stay current with industry developments and best practices and apply these in the course of own work.
• Perform standby duties and perform after hours maintenance work, where applicable.

Qualifications

To be considered for this position, candidates must have:

• a National Diploma in Information Technology/Systems Development/Electronics (NQF 6) or an equivalent qualification;
• registered or eligible for registration for PSIRA Grace C; and
• three to five years of experience in an electronic security and information technology systems environment, with specific emphasis on the installation, maintenance and repairs of physical security systems; and
• an N+ Certification will be an added advantage.

Additional requirements include:

• industry, organisational and business awareness knowledge and skills;
• quality assurance knowledge and skills;
• continuous improvement knowledge and skills;
• continued learning and/or professional development knowledge and skills;
• networking infrastructure knowledge and skills;
• application support and maintenance knowledge and skills; and
• systems integration knowledge and skills; and system specialisation knowledge and skills

Click here to apply

Financial Sector Cyber Threat Analyst – GSMD

Job Description

Brief description

The main purpose of this position is to facilitate and support sharing and integration of industry cyber threat intelligence, as well as to conduct research, analysis and reporting on cyber threats within the financial sector.

Detailed description

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

• Facilitate the development and maintenance of joint financial sector cyber threat intelligence sharing mechanisms. 
• Collate, analyse and process cyber threat information received from all sector stakeholders. 
• Maintain an accurate national financial sector cyber threat landscape and associated cyber risk profile. 
• Identify and liaise with key internal and external stakeholders with regard to current and developing cyber threats.
• Define and maintain sector information requirements to align production processes and research objectives with client requirements.
• Define, innovate and apply appropriate analytical techniques, methodologies and technologies to meet the research objectives.
• Keep abreast of the changing broader cyber threat landscape and generate innovative products to support industry decision making. 
• Define a client centric production programme and produce regular and specialised reports to meet client requirements.

Qualifications

To be considered for this position, candidates must have:

• a Bachelor’s degree (NQF7) in Cybersecurity, Risk Management, Security Risk Management or related equivalent qualification. 
• five to eight years’ experience in intelligence and/or cybersecurity threat analysis in a financial/banking environment with a strong liaison and coordination track record; 
• specialised training in intelligence analysis and/or risk analysis; and
• financial sector exposure, broad information system knowledge and sector architecture knowledge will be an added advantage.

The following will be an added advantage:

• a postgraduate qualification in a related field; and
• a cyber security or cyber related qualification or certifications, e.g. a Certified Protection Professional (CPP) certification.

Click here to apply

Associate Insurance Analyst -FCSD

Job Description

Brief description

The main purpose of this position at the South African Reserve Bank (SARB) is to perform prudential oversight over licensed insurance companies that form part of a financial conglomerate group through a combination of off-site monitoring and on-site inspections, analysis and supervision, to contribute to the financial soundness and sound governance of such insurers and ultimately the financial conglomerate group.

Detailed description

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

• Supervise insurers and insurance groups within the allocated portfolio through a combination of on- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions.
• Process the notifications and applications received from insurers and insurance groups within the allocated portfolio, and recommend to either approve or decline the applications.
• Provide input into the development and implementation of the regulatory framework.
• Promote efficient, fair and sustainable insurance markets as well as policyholder protection.
• Develop and implement a prudential risk-based supervisory plan for allocated insurers.
• Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention.
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
• Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the SARB.
• Assist with, and provide input into, the development of public documents relating to insurance supervision.
• Liaise with the industry, other regulators (local and international) and relevant financial institutions.

Qualifications

Job requirements

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

• A Postgraduate qualification (NQF8) specialising in Accounting, Economics, Financial Management, Insurance or Risk Management, or a relevant equivalent qualification; and
• at least 2–5 years of working experience in the insurance sector or insurance-related experience in the wider finance sector or risk management environment.

 Additional requirements include:

• problem-solving and analytical skills and experience;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills and experience;
• the ability to effectively and efficiently manage time;
• proven ability to influence, build and maintain relationships;
• being conversant with the Insurance Act at both a theoretical and a practical level; 
• knowledge and understanding of the Insurance Core Principles for Insurance Supervision;
• working knowledge of the various legislation and related supervisory frameworks applicable to insurance entities registered in South Africa;
• knowledge and understanding of key issues and risks facing registered insurers/insurance groups and financial conglomerate groups in South Africa;
• knowledge and understanding of financial products and the risks they pose;
• proven knowledge of the financial sector, specifically the insurance industry; and
• knowledge and understanding of corporate governance as well as risk management best practice and standards.

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

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

Click here to apply

Divisional Head: Insurance Supervision -BISD

Job Description

Brief description                                                                                                             

The main purpose of this position is to provide leadership and strategic direction to the Insurance Supervision Division relating to the supervision of insurers and insurance groups, and to ensure the financial soundness and appropriate governance of the insurers and insurance groups.    

Detailed description

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

• Promote the safety and soundness of the insurers and insurance groups under his/her supervision. 
• Provide strategic direction in the development, implementation and monitoring of the division’s strategy in accordance with the Prudential Authority’s (PA) overall strategy and ensure alignment with the department’s strategic direction.
• Contribute to the development and continuous refinement of the supervisory approach to insurance, taking into consideration the current, emerging, systemic and supervised entity-specific risks.
• Manage the supervisory oversight of the entities supervised by the division, including but not limited to:
  • leading and managing the day-to-day supervision of insurers and insurance groups; 
  • directing the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division; 
  • identifying, assessing and escalating key risks, and reacting to key indicators of risks within the department; 
  • overseeing the maintenance of the permanent records and correspondence of insurers and insurance group(s) allocated to the division; 
  • endeavouring to uphold an updated risk rating of the supervised entities under supervision;
  • monitoring compliance by the supervised entities with the applicable regulatory framework, which includes prudential standards and regulations.
• Manage the operationalisation and implementation of decision-making frameworks, protocols and procedures. 
• Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank (SARB).
• Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented.
• Manage the performance and development of direct reports.
• Create a performance culture in the division.
• Coach and manage the career development of employees in the division.

Qualifications

Job requirements

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

• a minimum of an Honours degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
• at least 10 years’ experience in the insurance market or insurance supervision, with five years’ experience in a senior management position with people management responsibilities.

Additional requirements include:

• knowledge of:
• general management;
• the financial sector, specifically insurance and the securities industries;
• financial management;
• corporate governance and risk management practices and standards;
• the Core Principles for Effective Banking Supervision and/or the Insurance Core Principles; 
• the Solvency Assessment and Management (SAM) Framework;
• the Basel III Capital Framework; 
• analytical and problem-solving skills; 
• planning and organising skills;
• communication (verbal and written) skills;
• financial and business acumen;
• attention to detail; and
• confidentiality. 

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

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

Click here to apply

Junior Insurance Analyst -FCSD

Job Description

Brief description

To perform prudential oversight of insurance companies through a combination of off-site and on-site monitoring and supervision to ensure financial soundness and sound governance of insurance entities.

Detailed description

The successful candidate will be responsible for the following key performance areas with the support of a senior analyst in discharging the following responsibilities:

• Implement supervisory plans of allocated insurers or insurance groups (i.e. insurers with a lower risk profile and a risk rating of Limited or No Concern).
• Monitor the financial soundness of insurers and insurance groups through the analysis of their monthly, quarterly and annual submissions (both quantitative and qualitative).
• Process notifications and applications, and recommend approval or decline of financial and non-financial applications.
• Regularly update and or prepare the initial -Risk Assessment document (RAD) for an insurer and insurance group taking into account the operational structure, business model, financial information, governance and Own Risk and Solvency Assessment (ORSA) and including his/her recommendations to close gaps. 
• Prepare packs for on-site visits.
• Attend on-site visits and participates in engagements under the guidance of a senior analyst/manager. 
• Draft memoranda and reports relating to on-site visit outcomes, including his/her recommendations.
• Maintain databases and records of all relevant information on insurers and insurance groups within portfolio.

Qualifications

Job requirements

To be considered for this position, candidates must have: 

• be in possession of a Postgraduate qualification in finance, law, accounting, insurance, banking, economics, actuarial or a relevant equivalent qualification; 
• up to two years’ experience in the insurance sector, or insurance-related experience in the wider finance sector or risk management environment.

Job-related skills and attributes:

•           ability to learn;

•           teamwork;

•           attention to detail;

•           time management;

•           excellent verbal and written communication skills and experience;

•           ability to effectively and efficiently manage time;

•           ability to influence, build and maintain relationships;

Job-related knowledge:

•             basic knowledge of Insurance Act; 

•           baisic knowledge and understanding of the Insurance Core Principles for Insurance Supervision

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

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

Click here to apply

Associate Bank Analyst-FCSD

Job Description

Brief description

The purpose of this position is to perform prudential oversight of designated registered banking entities forming part of a financial conglomerate group through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the financial soundness and sound governance of such banking entities, and ultimately the safety and soundness of the financial conglomerate.

Detailed description

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

• Supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).

• Assess and analyse the strategies and business models of banks.

• Analyse and assess the business portfolios of banks.

• Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.

• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as and the alignment thereof with industry best practices.

• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.

• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.

• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.

• Assess compliance with the Banks Act 94 of 1990, the Regulations relating to Banks and Financial Sector Regulation Act.

• Prepare detailed reports based on the outcome of analysis performed.

• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.

• Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.

• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.

• Maintain permanent electronic records in respect of banks.

• Manage correspondence pertaining to banks.

• Undertake ad hoc projects as assigned by management.

• Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Qualifications

Job requirements

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

• A post graduate degree in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; and

• two to five years’ relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

• problem-solving and analytical skills;

• financial and business acumen;

• attention to detail;

• excellent verbal and written communication skills;

• ability to effectively and efficiently manage time;

• proven ability to influence, build and maintain relationships;

• good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;

• conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related Standards and Regulations;

• knowledge and understanding of the Basel Committee on Banking Supervision’s Core Principles for Effective Banking Supervision;

• knowledge and understanding of the Basel Committee on Banking Supervision’s supervisory framework;

• knowledge of prudential supervision and the supervisory framework applied in South Africa;

• knowledge of basic risk management standards and practices applied by banks and banking groups;

• an understanding of key issues and risks facing banks and banking groups;

• an in-depth knowledge of the business of banks;

• an understanding of the business models applied by, and the financial and operating environment of banks; and

• knowledge and understanding of corporate governance and risk management best practices and standards.

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

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

Click here to apply

Manager – Insurance Supervision (x2) -BISD

Job Description

Brief description

The main purpose of this position is to provide managerial leadership in the supervision of insurers and insurance groups and to ensure the financial soundness and sound governance of insurers and insurance groups within the Prudential Authority at the South African Reserve Bank (SARB).

Detailed description

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

• Supervise, oversee and participate in supervisory practices.
  • Contribute towards maintaining a financially sound and stable insurance sector and the overall financial services sector.
  • Contribute towards the development of processes and procedures for the effective implementation of the Insurance Act 18 of 2017 and the prudential standards
  • Assess compliance with prudential regulations and applicable financial soundness standards.
  • Install a risk-based, pre-emptive, outcomes-based and integrated supervisory framework.
  • Review and evaluate the adequacy and appropriateness of the own risk and solvency assessment (ORSA) submissions of each insurer for their specific risk profile.
  • Refine the supervisory approach by introducing prudential supervisory best practice.
  • Identify cross-sectoral risks and devise appropriate measures to contain them.
  • Deploy effective supervisory tools for monitoring insurers’ exposure to the above risks.
  • Ensure the sufficiency and appropriateness of the capital and solvency requirements of the assigned insurance entities with respect to all prudential risks.
  • Ensure that insurers’ risk management practices and governance structures are adequate and appropriate. 
  • Analyse and interpret risk-based regulatory returns.
• Provide guidance and direction to subordinates, including the setting of performance standards and monitoring performance.
• Contribute meaningfully to prudential regulation matters relating to insurance groups.
• Contribute towards the attainment of departmental strategic objectives.
• Mentor, train and motivate staff towards the attainment of departmental goals.
• Manage the attainment of operational objectives.

Qualifications

Job requirements 

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

• a postgraduate qualification (NQF 8) in Accounting, Actuarial Science, Commerce, Economics, Finance, Law or Risk Management, or any other relevant field of study;
• at least 10 years’ experience in the financial services sector, preferably in a prudential regulatory environment; and
• at least 2 years’ experience in managing/supervising subordinates.

Additional requirements include:

• strong ethical values;
• professionalism;
• the ability to engage with executive management on technical matters;
• the ability to plan and supervise the work of others; 
• the ability to exercise independent judgement;
• the ability to maintain confidentiality;
• exceptional attention to detail;
• time management;
• influencing, building and maintaining relationships;
• an understanding of the key regulatory issues facing insurance companies, banks and financial conglomerate groups; and
• knowledge and skills in:
  • the core insurance principles; 
  • solvency assessment; 
  • the modern principles, practices and techniques of prudential supervision;
  • relevant risk management practices and standards; and 
  • good corporate governance principles and practices.
  • people management
  • strong verbal, written and overall communication 
  • negotiation 
  • problem-solving and analysis

Click here to apply

Business Analyst -RSD

Job Description

Brief description

The main purpose of this position is to provide end-to-end business analysis services to the Prudential Authority (PA) departments in order to identify business problems and needs, determine solutions and enable improvement in organisational processes.

Detailed description

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

·             Take responsibility for driving business analysis initiatives from initiation to implementation on projects of low/medium risk with a cycle of up to 12 months.        

•  Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definitions and the identification of business requirements/needs.
• Review business processes and procedures, analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
• Elaborate the scope and feasibility of solutions and develop the supporting business case.
• Manage change requirements and supporting specifications.
• Investigate problems and propose solutions by interacting with users, developers and other stakeholders.
• Develop manuals and plans, and present training courses in support of implementation.
• Stay abreast of changes to analytical tools and methodologies, identify opportunities to improve and standardise work processes, and apply these in the course of own work.

Qualifications

Job requirements

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

· a minimum of an Honours degree (NQF 8) in Information Technology or Computer Science ; and

· five to eight years’ job-related experience within the business analysis environment.

Additional requirements include:

· quality assurance knowledge and skill;

· continuous improvement knowledge and skill;

· continued learning/professional development knowledge and skill;

· proficiency in agile ways of work;

· business transformation and optimisation knowledge and skill;

· elicitation techniques knowledge and skill;

· planning and organising skills;

· developing and growing others;

· judgement and decision-making skills;

· resilience; and

· impact and influence.

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

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

Click here to apply

Junior Bank Analyst -FCSD

Job Description

Brief description

The purpose of this position is to perform prudential oversight of designated registered banking entities that form part of a large banking group through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the financial soundness and sound governance of such banking entities, and ultimately the safety and soundness of the financial sector.

Detailed description

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

• Conduct supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Analyse and assess the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks banks are facing and the impact thereof on their risk profiles.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles.
• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.
• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.
• Assess compliance with the Banks Act 94 of 1990 (Banks Act), the Regulations relating to Banks (Regulations) and the Financial Sector Regulation Act 9 of 2017 (FSR Act).
• Prepare detailed reports based on the outcome of the analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Plan, arrange, prepare for and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board subcommittees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.
• Maintain permanent electronic records in respect of banks.
• Mange correspondence pertaining to banks.
• Undertake ad hoc projects as assigned by management. 

Qualifications

Job requirements

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

• a postgraduate qualification in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; and
• up to two years’ relevant working experience in a regulatory environment or financial sector.

Additional requirements include:

• being innovative and accountable;
• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills;
• ability to manage time effectively and efficiently;
• proven ability to influence, build and maintain relationships;
• good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;
• conversant with the Banks Act, FSR Act and related standards and regulations;
• knowledge and understanding of the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• knowledge and understanding of the BCBS’s supervisory framework;
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of basic risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks banks and banking groups are facing

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

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

Click here to apply

Change Management Practitioner (x2)-PSISD

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.

Click here to apply

Project Manager -PSISD

Job Description

Brief description                                                                                                             

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

Detailed description

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

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

Qualifications

Job requirements

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

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

Additional requirements include:

• facilitation skills;
• planning and organising skills;
• effective communication skills;
• drive for results;
• service and stakeholder focus; and
• managing complexity and ambiguity

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.

Click here to apply

We wish you all the best with your applications