South Africa Reserve Bank Vacancies

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

Associate Insurance Analyst

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, Actuarial 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.

Junior Insurance Analyst

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;

•           basic knowledge of the various legislation and related supervisory frameworks applicable to insurance entities registered in South Africa;

•           basic knowledge and understanding of key issues and risks facing registered insurers in South Africa;

•           basic knowledge and understanding of financial products and the risks they pose;

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

Click here to apply

Occupational Medicine Practitioner – Three-year contract position

Job Description

Brief description

The purpose of this position is to oversee medical surveillance programmes and health risk assessments at the South African Reserve Bank (SARB), having good knowledge and practical application of the ill health and incapacity policies and case management.

Detailed description

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

• Provide high-quality, cost-efficient occupationally focused medical programmes.
• Provide a professional occupational healthcare service.
• Oversee the occupational health team at the SARB.
• Know and practically implement the ill health incapacity management policy.
• Implement a high-performance culture in the area of responsibility.
• Advise the senior management team on occupationally focused medical programmes and interventions.
• Manage and oversee injury-on-duty cases.
• Provide oversight and manage the Compensation for Occupational Injuries and Diseases (COID) claims processing process, and assist with work-related clinical matters, e.g. the Hearing Conservation Programme and the Food Handlers Programme.
• Conduct health risk assessments.
• Implement medical surveillance programmes.
• Assist with the management and provision of occupational health services in the SARB.
• Review hygiene reports and recommend a medical surveillance programme according to the employee’s occupational risk exposure profile.
• Ensure the implementation of the proposed medical surveillance programmes.
• Assist with medical emergency management (where required).
• Assist the SARB with updating and reviewing applicable policies and procedures.

Qualifications

Job requirements

To be considered for this position, candidates must:

• have an MBChB qualification;
• be registered with the Health Professions Council of South Africa (HPCSA);
• a qualification and three years’ experience in CIME or ABIME, or an FPD accredited training on the evaluation of a permanent impairment-rating course;
• practical knowledge of disability-rating principles would also be an added advantage, based on the AMA Guide 6th Edition;
• travel medicine;
• have indemnity cover, have at least five years’ experience in occupational health;
• knowledge of current legislation applicable to the industry;
• understanding of chronic medical conditions and their implications for functional ability, especially relating to job requirements; and
• understanding and knowledge of the group insurance industry, and an appreciation of future trends in employee benefits.

Additional requirements include:

• excellent verbal and written communication skills;
• excellent interpersonal skills;
• good problem-solving and numerical skills;
• being highly organised and efficient, with excellent follow-through abilities;
• reliability and integrity;
• good people management;
• good time management; knowledge of occupational health policies, procedures and processes;
• knowledge of the Medicines and Related Substances Control Act 101 of 1965;
• knowledge of the Occupational Health and Safety Act 85 of 1993 and its Regulations;
• knowledge of the Compensation for Occupational Injuries and Diseases Act 130 of 1993;
• knowledge of any other legislation or regulations that may affect the SARB; and
• excellent computer skills in MS Office (including Excel).

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.

About Us

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

Applications Technical Support Specialist 

Job Description

Brief description

The main purpose of this position is to support and maintain all business systems and technology applications to ensure systems availability, health and optimal performance.

Detailed description

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

• Support the Business Solutions and Technology Department (BSTD) applications by monitoring the underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal performance.
• Maintain the BSTD applications by applying corrective measures (e.g. patches, upgrades and bug fixes) to ensure optimal performance.
• Provide reporting on platform performance, system availability, and environment health to relevant stakeholders.
• Keep abreast of best practices, data virtualization concepts and technologies related to BSTD and ensure their application thereof, where relevant.
• Work closely with the Application Technical Specialist and Support Lead in resolving incidents and providing input to support issues.
• Stop and start applications as and when required.
• Ensure the maintenance of the Denodo application server platform, including managing deployments, configuration, caching setup, security configuration, and system health.

Qualifications

Job requirements

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

• a National Diploma in Information Management, Information Technology or an equivalent (NQF 6) qualification; and
• two to five years’ experience in supporting, maintaining and enhancing the Business Intelligence (BI) applications.

Technical Requirements

Additional requirements include:

• Exposure to Data Virtualization technologies such as Denodo;
• Experience in coordinating tasks across multiple environments (e.g. data sources, operating systems, application servers, network and security);
• Experience with Data Virtualization Platform administration tasks such as installation, configuration, monitoring, backups, patches, upgrades, and environment promotion;
• Experience in Linux application server platforms;
• Industry, organisational and business awareness knowledge and skill;
• Quality assurance knowledge and skill;
• Continuous improvement knowledge and skill;
• Continued learning and/or professional development knowledge;
• Application support and maintenance knowledge and skill;
• Infrastructure topology knowledge;
• Systems integration knowledge, including configuring data sources, managing authentication/authorization, and securing data access;
• Application configuration skills, specifically user/role management, access control, security configuration (e.g., LDAP/Kerberos/SSL), and Denodo view management; and
• Experience in containerization technologies (e.g. Docker, Podman).

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

Business Analyst 

Job Description

Brief description

The main purpose of this position is to provide end-to-end business analysis services to the various departments in the South African Reserve Bank (SARB) by identifying business problems and needs, determining solutions and enabling 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 to medium risk with a cycle of up to 12 months.
• Facilitate workshops independently and consult with business owners and stakeholders with regard to problem definitions and the identification of business requirements and needs.
• Review business processes and procedures, analyse business needs and associated data, identify and assess possible solutions and define the associated requirements.
• Elaborate on the scope and feasibility of solutions and develop the supporting business case.
• 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:

• an Honours degree in Information Technology (IT) or an equivalent qualification;
• a relevant Business Analysis certification; and
• five to eight years’ experience within a business analysis environment.

Additional requirements include:

• knowledge and skill in:
• industry, business and organisational awareness;
• continued learning and/or professional development;
• quality assurance;
• continuous improvement;
• business transformation and optimisation;
• elicitation techniques;
• business analysis practices, methodology and tools;
• realisation and testing practices; and
• IT domain management; and
• behavioural competencies in:
• planning and organising;
• developing and growing others;
• judgement and decision making;
• resilience;
• impact and influence; and
• building and maintaining relationships.

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

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 Portfolio Manager

Job Description

Brief description

The main purpose of this position is to manage fixed income portfolios in line with the Bank’s investment policy. 

Detailed description

The successful candidate will support senior portfolio managers and will be responsible for, but not limited to, the following key performance areas:

• Assist in the management of a hard currency fixed income portfolio.
• Conduct research and analysis to formulate a market view and investment strategy.
• Assist in analysing market views and investment strategies to construct a fixed income portfolio. 
• Execute trades and continually monitor and review the risk of the portfolio, with the objective of generating excess return within approved risk parameters. 
• Interact with other market participants to exchange market information, initiate new business relationships and maintain existing relationships.
• Monitor and rebalance portfolio positions when needed. 

Qualifications

To be considered for this position, candidates must have: 

• a post-graduate degree in Economics, Finance, Investment Management or related field,
• two to five years’ work experience in the financial markets environment

The following would be an added advantage:

• Financial Markets Association Dealing Certificate/Registered Persons Examination or a Chartered Financial Analyst/Chartered Alternative Investment Analyst/Financial Risk Manager or an equivalent qualification.   

Additional requirements include:

• problem-solving and analytical skills
• listening skills
• critical thinking
• adaptable
• proficiency in English, both written and spoken
• proficient in the use of the Microsoft Office suite.

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.

Human Resources Department

Click here to apply

Security Official X7

Job Description

Brief description

The main purpose of this position is to protect and safeguard the personnel, facilities and assets of the South African Reserve Bank (SARB) Cape Town Office.

Detailed description

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

• Conduct access and egress control in the areas of operation.
• Conduct guarding, patrolling and escorting duties to safeguard the facility against illegal and/or unauthorised activity.
• Identify, respond to and report all security and emergency threats, signals and situations under all conditions.
• Monitor, maintain and ensure the optimal utilisation of all security systems, equipment and signals.
• Perform evacuations and emergency drills during emergencies.
• Perform administrative duties such as report-writing and completing electronic occurrence books and pocketbooks.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements (including methods and practices).

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Grade 12 certificate or an equivalent NQF 4 qualification; 
• a Private Security Industry Regulatory Authority (PSIRA) Grade C qualification;
• a competency certificate in the handling of firearms (i.e. a 9 mm pistol, a semi-automatic rifle and a shotgun);
• a minimum of two to five years of working experience in a security environment;
• sound knowledge and understanding of applicable legislation, including, but not limited to, the National Key Points (NKP) Act 102 of 1980 and Regulations, the Firearms Control Act 60 of 2000, the Criminal Procedure Act 51 of 1977, as well as all the policies, procedures and operational instructions of the SARB relating to the use of firearms;
• a level of medical, psychological and physical fitness commensurate with the inherent requirements of the position;
• professionalism, discipline and the physical fitness to work long hours; and
• the availability to work shifts (including weekends) and perform duties as required by operational circumstances.

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

Lead Legal Counsel 

Job Description

The main purpose of this position is to provide comprehensive and effective legal advice to the South African Reserve Bank (SARB) and its subsidiaries (SARB Group) in the fields of payments, financial law and commercial law. The incumbent may also be required to lead a team of legal counsel in the provision of legal advice and contribute proactively to the mitigation of legal risks within the SARB Group.

Detailed description

The successful candidate will be responsible for, but not limited to, the following key performance areas:

• Proactively identify, address and manage potential legal risks within the SARB Group.
• Steer legal processes for internal clients on complex legal challenges and disputes affecting their operations. 
• Provide legal advice and opinion to the SARB Group.
• Draft and conduct vetting on various commercial, financial and currency agreements.
• Lead special projects.
• Manage litigation (on an ad hoc basis).
• Conduct research into a wide range of financial regulations, payments law, commercial law, financial law and central banking law matters.
• Take responsibility for addressing issues pertaining to relevant legislation applicable to the SARB Group.
• Represent the department and the SARB Group on national, regional and international committees.
• Report on, and provide guidance, advice and legal opinion to the above-mentioned committees.
• Review and draft relevant SARB Group policies.
• Institutionalise processes to enhance efficiencies within the SARB Group.
• Mentor and develop junior legal counsel.
•  

Qualifications

To be considered for this position, candidates must:

• have an LLB degree or an equivalent appropriate legal qualification; 
• be an admitted attorney, advocate or a corporate lawyer within a corporate or banking legal environment or reputable banking and finance legal practice; and
• have 8‒10 years’ experience as a practicing attorney, advocate or in-house legal counsel.

The following will be an added advantage:

• an LLM degree;
• a solid record in leading and closing complex projects;
• specialist experience in payments law 
• exposure to payment systems, financial technology and banking law

Additional requirements include: 

• skills in: 
• problem-solving and analysis; 
• verbal and written communication; 
• judgement and decision-making; 
• verbal and written communication; 
• listening;
• presentation;
• relationship management; 
• the ability to be self-starter; 
• the ability to drive execution; and 
• assertiveness.

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

Art and Artefact Lead

Job Description

Brief description

The main purpose of this position is to implement the South African Reserve Bank (SARB) Art and Artefact strategy, and to oversee the value chain for the corporate art and artefact collection.

Detailed description

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

• Recommend, manage and implement the SARB’s corporate art strategy, ensuring the collection remains fit for purpose and aligned to the broader objectives of the SARB’s strategy.
• Oversee the curation of themes and art pieces for display across SARB sites and the museum gallery spaces allocated to the Corporate Services Department in collaboration with museum officials.
• Serve as the custodian of the SARB collection exhibitions and how these are curated, displayed and engaged with.
• Manage and oversee the effective sourcing and disposal recommendations to the SARB Art Committee.
• Facilitate the implementation and use of the art tracking and curatorship system.
• Oversee all aspects related to the collection, including but not limited to, the recording, safekeeping, preservation, handling, rotation, maintenance, loans and valuation of the collection.
• Manage all service providers, contracts, budgets and expenditure related to the collection.
• Ensure that a high standard of customer service and excellence is delivered consistently.
• Curate and maintain all information and content required for showcasing the collection, including publishing art collection catalogues and publications.
• Stay abreast of advances and changes that will enhance the value of the collection and related programmes.
• Develop and implement work plans and operational plans, including rotation plans for the collection as well as knowledge-enhancing showcases for SARB employees, students and other interested stakeholders.
• Prepare regular reports, including monthly statistics, in relation to the performance, effectiveness and operations of the collection.
• Ensure adherence and compliance with expected standards, policies, procedures, health and safety protocols, and ensure that all legislative requirements pertaining to the collection are followed.
• Manage the performance and development of the team, including interns and students.

Qualifications

Job requirements

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

• a Bachelor’s degree (NQF 7) in Fine Arts or an equivalent qualification; and
• six to eight years in a museum, fine arts, art gallery and/or large corporate art collection environment.

Additional requirements include:

• strategic thinking skills;
• conceptual thinking skills;
• judgement and decision-making skills;
• a drive for results;
• the ability to develop others;
• leading change;
• the ability to build and maintain effective relationships;
• effective communication and public speaking skills;
• the ability to promote teamwork;
• analytical and problem-solving skills; and
• a stakeholder and client focus.

Click here to apply

Database Administrator 

Job Description

Brief description

The main purpose of this position is to administer, maintain, install, and support the South African Reserve Bank’s (SARB) database management systems, including daily maintenance, backups, performance monitoring, and user support.

Detailed description

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

• Perform routine maintenance, monitor database health and manage database performance.
• Securely install and administer the database to enhance the resilience, redundancy and continuity thereof.
• Schedule database backup and design recovery plans and procedures.
• Respond to unplanned system outages by investigating, troubleshooting and remediating.
• Maintain user access as per the User Access Management Policy.
• Provide first-level database support to end users in all departments, including proactive preventative maintenance and upgrades of the database management system.
• Create and maintain database documentation, including operational procedures and processes.
• Stay abreast of industry database developments and best practices and apply these where relevant.
• Provide technical input (technical diagrams, technical procedures and work instructions) on the development of knowledge base articles to preserve technical knowledge.
• Produce monthly database reports in line with business requirements.
• Establish and maintain stakeholder relationships with vendors to ensure the efficient running of the database management systems.

Qualifications

Job requirements 

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

• A minimum of a National Diploma in Information Technology (IT) (NQF 6) or an equivalent qualification.
• Db2 for z/OS certification and
• 2-5 years working experience in IBM Mainframe (Db2) environment.

Key skills and knowledge required:

• knowledge of SQL.
• Mainframe (MVS, TSO, JCL).
• Database administration knowledge and skill.
• Industry, organisational and business awareness knowledge and skill.
• Quality assurance knowledge and skill.
• Continual improvement knowledge and skill.
• Operations knowledge and skill.
• IT governance knowledge.
• IT reporting skills.
• Systems integration knowledge and skill.
• Systems support knowledge and skill.
• Capacity and system availability management knowledge and skill.

Key competencies required:

• Strong analytical thinking and problem-solving abilities.
• Meticulous attention to detail.
• Ability to communicate effectively with both technical and non-technical staff.
• Willingness to learn.

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

Group Incident Handler 

Job Description

Brief description

The main purpose of this position is to investigate and coordinate timely and appropriate response to the South African Reserve Bank (SARB) Group’s security incidents. This includes providing investigation and coordination services related to security incidents and information management.

Detailed description

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

• Manage the response and investigation of incidents within the SARB Group.
• Manage Physical Security National Control Room (NOC) Operators.
• Oversee the security incident information management governance processes.
• Develop, manage and review Incident Information Reporting Principles and procedures.
• Investigate incident reports and alerts referred from the NOC Operators.
• Execute the incident response and management strategy.
• Provide management information and trend analysis reports for incidents.
• Provide ongoing status updates to NOC Operators, the security incident response, management teams and other related stakeholders.
• Capture detailed incident information into incident management system to enable post- incident analysis.
• Maintain the stabilisation of security incidents to ensure minimal disruption to business operations.
• Ensure that the root cause issues of incidents have been addressed.
• Provide or source security information in support of the investigative functions.
• Engage with stakeholders across the SARB Group, at different levels of seniority, displaying the ability to solicit information as well as convey and explain information fluently.
• Assess and monitor system improvements in relation to security use cases.
• Take responsibility to ensure industry practices and changes are maintained and incorporated in own functional area.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Bachelor Degree/Advanced Diploma in Security Management, Security Risk Management or an equivalent NQF7 qualification;
• five to eight years’ experience in a security incident handling and response environment, of which at least two years in a supervisory capacity;
• sound knowledge and experience in security incident management with specific expertise in security and technical security systems (e.g. CCTV, access control and intrusion detection).

Additional requirements include:

• planning and organising;
• service and stakeholder focus;
• effective communication;
• impact and influence;
• drive for results;
• problem solving and analysis;
• resilience;
• teamwork; and
• judgement and decision making.

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

Lead Macroprudential Specialist 

Job Description

Brief description

The main purpose of this position is to lead the development and implementation of stress testing and systemic risk monitoring frameworks aimed at promoting stability within the financial system. This involves conducting quantitative and qualitative analyses to identify potential systemic risks and providing guidance to policymakers on the resilience of financial institutions under various scenarios.

Detailed description

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

• Lead the development and implementation of top-down and bottom-up stress-testing frameworks, including methodologies, processes and models.
• Lead the execution of stress-testing exercises and effective communication of results to policymakers. 
• Research and present findings to senior management and the Financial Stability Committee to clarify the assumptions and relationships underlying the relevant models.
• Continually monitor the financial system for vulnerabilities, with an emphasis on early detection and detailed reporting of potential systemic risks.
• Build economic models to test the resilience of financial institutions. 
• Demonstrate an understanding and application of all methodological standards, techniques and protocols relevant to the work. 
• Prepare briefings and presentations on stress-test results, research findings and economic analyses and present these to internal and external stakeholders.
• Support the skills development of junior specialists by providing guidance on the subject matter in your scope of work.
• Independently deliver work and determine deliverables from a range of prescheduled and ad hoc responsibilities.
• Oversee focused project teams and ensure successful completion of their deliverables.
• Stay abreast of, and contribute towards, the development of national and international macroprudential standards, classifications and frameworks for the publication of financial stability reports. 

Qualifications

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

• a Master’s degree in Economics, Econometrics, Mathematics, Statistics, Actuarial Science or an equivalent qualification;
• 10−12 years’ job-related experience with a strong background in macroeconomics, financial stability or stress testing, as well as strong quantitative data analysis and econometric analysis abilities; and
• experience in relevant programming languages, such as Python, Matlab and ‘R’ will be an added advantage.

Additional requirements include:

• excellent interpersonal, verbal and written communication skills;
• sound knowledge of economic and financial theories as well as macroprudential policies;
• an understanding of stress testing of the banking/insurance sectors or similar environment;
• knowledge of banking and insurance regulatory frameworks and international standards;
• experience with macroeconomic and/or microeconomic modelling;
• experience in project management and risk management;
• proven facilitation and presentation skills; and
• high degree of proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

Click here to apply

Administrator

Job Description

The main purpose of the position is to provide administration support to the Divisional Head of the Financial Conglomerate Supervision Department (FCSD) within the Prudential Authority (PA).

Detailed description

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

• Planning and coordinating supervisory calendars;
• Arrangement of meetings, internal and external;
• Collect and welcome clients from the Reception area;
• Organise parking, catering/refreshments and prepare agendas and meeting materials;
• Set-up venues prior to meetings (projector laptop, coffee and tea facilities);
• Take minutes, distribute to all attendees and follow-up on matters arising / actions resulting from the meeting;
• Organising, coordinating and maintaining documents e.g. operational risk assessments, strategy planning, FSAP self-assessments and remedial actions;
• Provide general office administration including scanning, processing requests via ERP (language editing, catering, mail, etc.), filing of documents;
• Arrange and co-ordinate travel arrangements for Divisional Heads and teams;
• Complete claims and other documentation upon Divisional Head’s return from official visits; and
• Act as stand-in for Head of Department Personal Assistants as and when required.

Qualifications

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

• National Diploma in Administration or an equivalent NQF 6 qualification;  and
• A minimum of two to five years’ experience in an Administrator / Personal Assistant or similar role.

Additional requirements are as follows:

• Ability to multi-task and perform duties for a group of Divisional Heads;
• Ability to work under pressure;
• Flexibility in terms of working hours as and when required;
• Supportive to group goals and objective;
• Planning and organising;
• Problem solving; and
• Written and verbal communication

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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Head of Department 

Job Description

The main purpose of this position is to provide leadership and strategic direction to the Economic Research Department (ERD) and the South African Reserve Bank’s (SARB) broader policy activities. This includes overseeing international economic initiatives, managing departmental operations and outputs, and ensuring robust governance and risk management infrastructures are in place to support organisational efficiency and effectiveness.

Detailed description

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

• Provide leadership and strategic direction to the ERD, including leading the governance structures responsible for long-term planning, resource allocation, quality control, risk management, compliance and cross-functional coordination.
• Develop and oversee the implementation of the departmental strategy, operational plan and budget, ensuring objectives and targets align with the SARB’s overall strategy. 
• Provide leadership and oversight to the department’s core operations and outputs, such as published research, the Monetary Policy Review ‒ the SARB’s flagship policy publication ‒ and the analytical work supporting the Monetary Policy Committee. 
• Provide thought leadership and guidance to ensure policy demands are met through a well-structured programme of policy development and research. 
• Contribute strategic input to other SARB policy areas and annual reports. 
• Develop research networks with a wide range of domestic and international institutions, build strategic relationships, develop and manage the economic policy relationship with National Treasury and chair the Macroeconomic Standing Committee. 
• Develop a research programme that addresses SARB-wide policy topics and provide leadership and strategic direction to deliver relevant research and policy solutions to the Executive.
• Oversee the production of a range of international economic outputs, including policy analysis and advice involving the Group of Twenty, Bank for International Settlements and the International Monetary Fund. 
• Manage compliance and risk as required, ensuring departmental risks are identified, assessed and mitigated.
• Manage the performance and development of direct reports, foster strong leadership and specialist pipelines, drive organisational performance and support career management in the Policy Development and Research Division.

Qualifications

• at least a PhD in Economics or a related field or a related equivalent qualification;
• a minimum of 13–15 years’ experience in general management and economic research management with at least five years in a management role.    

Additional requirements include:

• excellent verbal and written communication skills;
• innovative thinking;
• governance, risk management and compliance (GRC) knowledge and skills;
• frontier research in macroeconomic policy;
• strong initiative and drive; and
• keen 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.

Human Resources Department

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Data Steward

Job Description

Brief description

The main purpose of this position is to act as a data steward and provide support to the information management function in the management and oversight of data and information assets in order to provide business with high quality and consistently accessible data and information.

Detailed description

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

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Acquire new data sources in order to enable effective departmental decision making.
• Create and maintain consistent meta data in a manner that allows for clear and unambiguous data definition and meets legislative, quality and security requirements.
• Create and maintain business metadata for published data sources to ensure that it is easily discoverable and meaningful to information consumers.
• Prepare relevant data for appropriate consumers in the SARB Group and relevant stakeholders and monitor the published data sources for usage/relevance/quality feedback.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry and ensure consistency in data usage across various systems.
• Proactively identify and resolve data 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.

 

Qualifications

Job requirements

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

• a Bachelor’s degree (NQF 7) in information technology, computer science, mathematics OR equivalent; and
• at least five to eight years’ job-related experience within the relevant environment.

Additional requirements include:

• effective communication skills
• analysis and problem solving skills
• drive for results
• building and manage relationships
• planning and organising
• stakeholder and client focus
• impact and influence
• flexibility
• judgement and decision making
• 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.

Human Resources Department

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Manager: Security Management Support 

Job Description

Brief description

The main purpose of this position is to provide managerial leadership and strategic direction to the Management Support Unit in the Group Security Management Department (GSMD) of the South African Reserve Bank (SARB).

Detailed description

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

• Oversee the functions of the Management Support Unit, which is responsible for, among other things, the departmental budget processes and financial management, the administration of the strategic focus areas, records management and archives, asset management, the business continuity plan as well as general administration. 
• Provide input into the departmental strategy, and lead the coordination, implementation and reporting processes that ensure the effective delivery of departmental strategic objectives.
• Communicate and clarify the strategic goals of the department, division and unit to own team.
• Provide input into the divisional operational plan to ensure the achievement of strategic and operational objectives.
• Implement policies and procedures, and ensure compliance with these, to mitigate any risks to the division and limit audit findings. 
• Participate and represent GSMD on various committees, when required. 
• Manage the provision of management information for the purposes of decision-making.
• Develop and maintain stakeholder relationships to enhance optimal functionality.
• Manage the Management Support Unit, including financial management, project accounting, administration, logistics, records, asset management and risk incident coordination.
• Ensure that the requirements for human resources (HR) support are understood and adequate, and that appropriate support is provided in line with the agreed HR model for GSMD.
• Manage GSMD’s budget within allocation and report on any deviations.
• Manage the procure-to-pay process for GSMD.
• Manage the contract maintenance process for GSMD, ensuring that contracts are maintained in line with SARB Group policies and procedures, and mitigating procurement and service delivery risk to the department.
• Drive a positive culture within the division and department. 
• Manage the performance of team members and promote and support career management and development. To manage the section to ensure effective and efficient functioning of sectional operations.

Qualifications

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

• the minimum of an Honours degree (NQF 8) in Business Management or an equivalent NQF 8 qualification;
• the minimum of eight years’ experience in management support, with at least five years in management; and
• solid knowledge of financial management, administration, logistics, records management and risk coordination.

Additional requirements include:

• leading change; 
• problem-solving and analytical skills; 
• judgement and decision-making skills; 
• being empowering and inclusive; 
• listening skills; 
• presentation skills; 
• effective communication; 
• relationship management; 
• a drive for execution; 
• establishing focus; and 
• developing and growing others. 

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Manager: Strategic Sourcing

Job Description

Detailed description

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

• Develop and manage the implementation of the strategic sourcing strategy of the SARB.
• Ensure governance and compliance with the procurement policies and guidelines of the SARB.
• Develop sectional operational plans aligned to the Financial Services Department and the SARB, and clarify performance expectations for own team. 
• Drive the implementation of the sourcing and category management strategies. 
• Provide strategic guidance to category leads on selected sourcing mechanisms. 
• Calculate and analyse the costs of procurement, and suggest methods to synergise supply opportunities to decrease expenditure and add value to the SARB. 
• Research and identify reliable and trustworthy suppliers, and strategise and negotiate with them in order to acquire the most cost-effective deals and to reduce procurement expenses. 
• Manage the stakeholders within the supply chain to derive maximum economic benefit and continuity of supply to the SARB. 
• Manage and oversee the identification of opportunities for strategic sourcing within the SARB Group, including the identification of strategic partners, and employ negotiation strategies to secure profitable deals. 
• Analyse and integrate sectional management information for reporting to top management and other relevant stakeholders. 
• Collaborate and liaise with the operations and governance sections to optimise the procurement and governance process in order to attain maximum efficiency.

Qualifications

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

• the minimum of an Honours degree (NQF 8) in Commerce or Supply Chain Management, or an equivalent qualification; and
• the minimum of 8–10 years of experience in a strategic sourcing environment, of which at least 2–3 years should have been in a management capacity. 

The following would be an added advantage:

• a Chartered Accountant (SA) qualification;
• a Chartered Institute of Purchasing and Supply (CIPS) certification.

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.

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Senior Artisan: Plumber

Job Description

Brief description

The main purpose of this position is to maintain and install mechanical sub-systems (wet services) to optimise building systems at the South African Reserve Bank (SARB) Head Office.

Detailed description

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

• Engage in short-term planning.
• Perform fault-finding for mechanical sub-systems (wet services) by applying a set of modified techniques within a defined context.
• Conduct preventative and corrective maintenance in the mechanical sub-systems (wet services) and/or equipment and determine possible component failure to enhance system capability.
• Test all work and close off the assigned job cards on maintenance and project work.
• Interpret the work instructions and drawings relating to construction, alterations modifications, enhancement maintenance and operational projects.
• Apply statutory principles to comply with the safety, health and environmental requirements.
• Perform quality assurance on the work done by external service providers for adherence to industry requirements and report to the supervisor.
• Prepare and submit weekly reports using standard templates (job cards and non- conformance reports), highlighting the work completed and problem areas.
• Engage positively with clients and other stakeholders, including dealing with complaints and compliments.
• Address any gaps in your own performance of tasks and activities against the required standard(s).
• Do maintenance standby duties as and when required.

Qualifications

Job requirements

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

• a national trade test certificate in plumbing;
• an NQF5 or N4 technical qualification or an equivalent qualification; and
• three to five years’ experience in a technical trade environment as a plumber.

Additional requirements include:

• working experience in:
  • being conversant in the dynamics of high-rise and/or high-tech commercial office buildings;
  • having working experience of maintaining various types of plumbing related components & systems regarding wet services;
• knowledge of:
  • general plumbing maintenance procedures;
  • fire sprinkler and fire hydrant water systems;
  • the Occupational Health and Safety Act and its Regulations;
  • risk management related to occupational health and safety;
  • the reading of ‘as build’ plans and mechanical drawings;
• skills in:
  • problem-solving;
  • computer literacy (i.e. the Microsoft Office suite); and
  • good communication (verbal and written).

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Associate Economist (x2)

Job Description

The main purpose of this position is to support economic analysis, forecasting and policy research conducted by the Economic Research Department of the South African Reserve Bank (SARB). 

Detailed description

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

• Develop, enhance and implement economic models for macroeconomic forecasting and policy simulations in line with best practice. This includes using artificial intelligence (AI) methods such as machine learning, natural language processing and big data automation to improve efficiency.
• Process new and large datasets, including text, images and high-frequency data. 
• Contribute to data and model pipelines through data processing and system development. 
• Present the results of economic modelling, forecasting exercises and policy simulations as well as complex economic phenomena affecting monetary policy.
• Conduct econometric analyses using large and complex datasets to support economic policy decisions.
• Collaborate with cross-functional teams to develop data-driven insights and predictive models.
• Stay up to date with advancements in AI, data science and econometric techniques, applying them to the SARB policies and initiatives.
• Communicate findings through reports, research papers and presentations to policymakers and stakeholders. 
• Contribute to the compilation of the Monetary Policy Review.

Qualifications

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

a Master’s degree in Economics or an equivalent postgraduate qualification (a PhD would be an added advantage); and

          two to three years’ work experience in a policy or financial institution, or similar environment. 

Additional requirements include:

• prior experience in central banking, finance or policy research;
• model development and forecasting skills; 
• experience in model development, big data, AI and econometrics;
• programming skills with proficiency in open-source software such as Python and ‘R’, with exposure to EViews and other modeling software;
• skills in the use of AI for improved productivity and output delivery;
• economic policy research and analytical skills; 
• innovation and problem-solving skills;
• ability to pay attention to detail;
• industry, business and organisational knowledge and skill;
• continuous improvement knowledge and skill;
• economic markets reporting knowledge and skill;
• a drive for results;
• strategic thinking skills;
• managing complexity and ambiguity;
• planning and organising skills;
• developing and growing others;
• good judgement and decision-making skills;
• resilience; 
• excellent verbal and written communication skills in English; a
• building and maintaining relationships; and
• the ability to work well in teams.

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.

Human Resources Department

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Lead – Talent Acquisition

Job Description

Brief description

The main purpose of this position is to develop and implement a talent acquisition strategy that attracts, engages and hires top talent whilst driving the organization towards its strategic goals, and to support and ensure compliance with policies of the South African Reserve Bank (the Bank) and relevant legislation.

Detailed description

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

• To develop and implement a comprehensive talent acquisition strategy that aligns with the Bank’s objectives and talent needs.
• To build and lead a high-performing talent acquisition team, cultivating a positive and collaborative work environment.
• To define and execute innovative sourcing strategies to tap into diverse talent pools, attracting top performers across all levels and functions using a variety of sourcing methods to attract diverse skills.
• To partner with and build quality relationships with various internal and external stakeholders – HRBP’s, hiring managers and recruitment agencies to understand their needs and deliver exceptional candidate experiences.
• To leverage data and analytics to measure the effectiveness of talent acquisition efforts and continuously improve processes and reporting.
• To stay abreast of industry trends and best practices in talent acquisition, implementing relevant solutions to attract and retain talent.
• To develop and manage the implementation of talent acquisition policies and procedures, advise line managers on recruitment best practice and interview techniques.
• To oversee the recruitment budget and resources, ensuring efficient and cost-effective talent acquisition.
• To partner with the communication’s team to build a strong employer brand and attract top talent.
• To comply with the Bank’s policies and legislative requirements in order to adequately mitigate risk and achieve the Bank’s objectives.

Qualifications

Job requirements

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

• A minimum of an Honours degree OR equivalent in Human Resources/Social Sciences or equivalent; and 
• A minimum of 8-10 years in Recruitment and Selection OR Human Resources Management, with at least three (3) years in management.

Additional requirements include:

• Industry, organisational and business awareness knowledge and skill;
• Continuous improvement knowledge and skill;
• HR strategy knowledge and skill;
• HR financial and cost management knowledge and skill;
• HR legislation, governance, risk and compliance knowledge and skill;
• Talent planning and acquisition knowledge and skill;
• Performance management and career development knowledge and skill;
• HR reporting knowledge and skill;
• HR service delivery knowledge and skill;
• Driving results;
• Data driven and analytical; 
• Proactive and solution-oriented;
• Promoting teamwork;
• Developing and growing others;
• Demonstrate leadership abilities;
• Building & maintaining relationships;
• Strategic thinking; and
• Stakeholder management knowledge and skill.

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

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

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