SARB Vacancies

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

Associate Actuarial Analyst

Job Description

Brief description

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

Detailed description

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

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

Qualifications

Job requirements

To be considered for this position, candidates must:

•    hold a relevant Postgraduate degree in Actuarial Science;
•    be actively pursuing studies and ideally have passed or been exempted from at least two A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
•    have two to five years’ relevant working experience in the non-life insurance industry.

Additional requirements include:
•    knowledge of:
–    the Solvency Assessment and Management (SAM) structure;
–    the Insurance Act 18 of 2017;
–    the Prudential Standards;
–    the risks that insurers take.
•    ability to understand complex financial models;
•    competence in Microsoft Office software packages (including programming skills);
•    ability to deal professionally with internal and external clients;
•    proficiency in verbal and written communication;
•    ability to perform under pressure without compromising quality;
•    ability to work independently and within a team;
•    ability to influence, build and maintain relationships;
•    good interpersonal skills;
•    analysing and problem-solving skills; and
•    reliable own transport, as the position requires travel between the SARB’s Head Office in Pretoria and the offices of supervised entities that are generally outside of Pretoria.

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

Information Governance Manager

Job Description

Brief description

The main purpose of this position is to promote and implement sound information governance practices throughout the South African Reserve Bank (SARB).

Detailed description

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

Work with the Head of Enterprise Information Management (EIM) to ensure the effective implementation of information governance.
Establish, apply and maintain EIM policies, procedures and standards.
Create relevant metrics to monitor ongoing availability, usability, quality and security of information.
Develop, maintain and communicate the enterprise data strategy and roadmap.
Serve as the first point of contact for resolving and discussing operational data governance issues.
Establish an annual governance and management workplan, prioritised and aligned with the data strategy.
Facilitate the establishment and continuous operation of the Data Management Forum.
Engage with master data management, content management, records management and content management systems.

Qualifications

Job requirements

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

an Honour’s degree in either Information Systems, Information Science or Informatics or an equivalent qualification in a related field;
at least 8 to 10 years’ experience in an information management environment; and
a qualification as a certified data management professional will be an advantage.

Additional requirements include:

in-depth knowledge of the Protection of Personal Information Act 4 of 2013 and other information-related legislation; and
knowledge and skill in:
industry, organisational and business awareness;
continued learning and/or professional development;
quality assurance;
knowledge management;
records management;
information security;
content management;
fundamental information architecture concepts; and
continuous improvement.

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

Senior Technician: Planning (Building Operations and Control Centre)

Job Description

Brief description

The main purpose of this position is to conduct day-to-day planning and scheduling as well as to collate, analyse and coordinate the maintenance work orders within the Engineering Services Division at the South African Reserve Bank (SARB). This includes consolidating maintenance, resource, and operational data to support accurate reporting, planning, and decision-making, as well as analysing data, providing first-level technical support, supporting asset management processes, administering procurement change requests (PCRs), generating quotations, maintaining records and service systems, and monitoring the building management system to ensure efficient operations.

Detailed description

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

Prioritise the tasks to be completed in consultation with the Engineering Manager and take responsibility for the execution thereof.
Perform the daily and weekly planning of work orders, including the sourcing of materials (to reduce lead-times), as per the work package, and gather information for monthly reports.
Perform daily capacity planning to optimise resources within the SARB’s Engineering Services Division.
Identify, plan and schedule different types of maintenance activities such as breakdown maintenance, predictive/condition-based maintenance as well as scheduled and operational projects.
Manage the vehicle maintenance and procurement system as required for qualifying management staff, issue daily work orders and produce the reports needed by the SARB’s Financial Services Department.
Develop time and cost estimates for planned and corrective maintenance work.
Liaise with maintenance team leaders and the service desk to schedule resources to enhance productivity on all maintenance activities.
Manage and advise role players on the effective and standardised prioritisation of work.
Keep records of key documentation for maintenance activities and assist in configuration management activities as required for panning to comply with the expected standards and procedures for the completion of work.

Qualifications

Job requirements

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

a Matric/Grade 12 Certificate;
at least a National Diploma (NQF 6) in Engineering or Industrial Engineering, or an equivalent combination of education and job-related experience; and
at least three to six years of experience as a Technician or Technical Planner.

Additional requirements include:

knowledge of the Occupational Health and Safety Act 85 of 1993 and its Regulations;
knowledge of risk management related to occupational health and safety;
engineering:
- planning knowledge and skills;
- strategy knowledge and skills;
- solution generation knowledge and skills;
- reporting knowledge and skills;
- information management knowledge and skills;
communication skills (verbal and written);
computer literacy (Microsoft Office suite);
the ability to prioritise and plan; and
the ability to work both independently and in a team environment

Click here to apply

Lead Actuarial Analyst

Job Description

Brief description

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

Detailed description

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

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

Qualifications

Job requirements

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

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

Job related attributes:

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

Job related skills and knowledge:

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

Additional requirements are as follows:

knowledge of the Insurance Act 18 of 2017;
knowledge of the Prudential Standards;
knowledge of IFRS17;
knowledge of the risks that insurers take;
ability to influence, build and maintain relationships; and
reliable own transport as the position requires travel between the PA’s offices in Pretoria and the offices of supervised entities located elsewhere.

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

Click here to apply

Banking Services Compliance Coodinator

Job Description

Brief description

The main purpose of this position is to support Banking Services Division in compliance and governance related to payments industry rules and regulations, records management and data management.

Detailed description

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

Monitor, inspect and evaluate banking payment records to ensure compliance with applicable rules, regulations and standards governing the payments industry.
Provide training to team members on all relevant payments industry rules and regulations to ensure up-to-date knowledge and consistent compliance.
Act as the data steward for all the banking services data; maintain and keep up-to-date the know-your-customer (KYC) documentation for all Banking Services Division Customers.
Represent the division in all Records Management forums within the South African Reserve Bank (SARB).
Review master data changes, including user administration, to ensure compliance with the set standard procedures.
Conduct compliance reviews and support audit processes, facilitating both internal and external audit activities to ensure regulatory alignment and operational integrity.
Prepare and disseminate monthly banking reports that include key statistical insights, quality assurance metrics, operational changes and other relevant management information.
Ensure data integrity, confidentiality and compliance with applicable policies and regulations.
Coordinate and support the division’s resilience initiatives to uphold business continuity standards.

Qualifications

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

a Diploma (NQF 6) in Accounting, Auditing, Commercial Law or an equivalent qualification in a related field; and
three to five years’ experience in a financial environment, specifically in compliance and data management.

Additional requirements include:

knowledge and skills in:
industry, organisational and business awareness;
quality assurance;
continuous improvement;
continued learning and/or professional development;
financial accounting;
financial reconciliation;
function specific information systems;
service delivery;
finance legislation and governance, risk and compliance;
verbal and written communication;
drive for results;
learning focus;
team work;
service and stakeholder focus; and
analysis and problem-solving skills.

Click here to apply

Senior Compliance Analyst

Job Description

Brief description

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

Detailed description

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

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

Qualifications

Job requirements

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

an Honours degree (NQF 8) in Compliance Management, Risk Management, Auditing or an equivalent qualification; and
8−10 years’ experience in the relevant environment (Audit/IT/Project Risk Management/Risk).

The following would be an added advantage:

Knowledge of IT Systems/Projects

Additional requirements include:

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

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

Manager – Management Support

Job Description

Brief description

The main purpose of this position is to provide managerial leadership to the management support division in order to support the operations and programmes of the Risk Management and Compliance Department (RMCD) at the South African Reserve Bank (SARB).

Detailed description

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

Contribute towards RMCD’s strategic planning process and execution.
Develop and manage a strategically aligned operational plan for the Management Support Division.
Make suggestions for the refinement of relevant policies, processes and systems to ensure the alignment of the management support services function with departmental needs.
Manage the delivery of the team’s output, including, but not limited to:
- the provision of administrative support in respect of management information;
- internal audit, governance, risk and compliance management matters;
- contract management;
- records management;
- facilities management;
- information and communication technology (ICT) requirements;
- quality assurance and research;
- RMCD system administration and support;
- budget and financial administration; and
- general administration.
Manage relationships and lead engagements with both internal and external stakeholders at various levels of seniority within the above-mentioned areas of responsibility.
Represent RMCD on various committees, where required, in the context of the above-mentioned areas of responsibility.
Fulfil the line management function pertaining to the development and performance of the team.
Clarify roles and responsibilities and optimise and manage the resources in the team.
Support health and safety within RMCD, including the maintenance of the department’s business continuity plan (BCP) and emergency evacuation plan as well as the training of health and safety representatives.
Coordinate the BCP responsibilities for the department;
Manage the Risk & Compliance responsibilities for the department; including, but not limited to Strategic and Operational Risk Assessments (SRA and ORA), compliance and ethics management.
Provide guidance and drive change to optimise the management of RMCD’s facilities, venues, business continuity management programme, logistics, training administration, procurement, vendor management programme and financial management programme.
Coordinate and facilitate the strategic scorecard management process to support effective monitoring, measurement and reporting on the strategy of RMCD.
Support the Head of RMCD on administrative and operational challenges to ensure the smooth functioning of the department.
Identify process inefficiencies, risks and internal control deficiencies within the Management Support Division, and implement processes for the mitigation thereof.

Qualifications

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

a minimum of an Honours degree in Business Administration or an equivalent qualification; and
the minimum of 8–10 years’ experience within a management support environment, with at least 2–5 years’ experience in people management.

Additional requirements include:

job-related knowledge (at an appropriate level, to enable administrative support) of:
- project management;
- strategy management and innovation;
- general management;
- risk and compliance management;
- central banking;
- relevant legislation;
- computer literacy;
- financial management; and
job-related skills and attributes in:
- effective communication;
- leading change;
- analysing and problem-solving;
- managing complexity and ambiguity;
- establishing focus;
- driving results;
- promoting teamwork;
- impact and influence;
- planning and organising;
- judgement and decision-making;
- developing and growing others; and
- a service and stakeholder focus.

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

Human Resources Department