SARB Vacancies

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

Manager: Banking Supervision (FCSD)

Job Description

Brief description

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

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

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

Qualifications

Job requirements

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

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

Additional requirements include:

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

Click here to apply

Manager: Insurance Supervision -FCSD

Job Description

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

Detailed description

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

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

Qualifications

To be considered for this position, candidates must have:

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

Job related knowledge:

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

Additional skills / attributes are as follows:

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

Click here to apply

Test Analyst x3 – BSTD

Job Description

Brief description

The main purpose of this position is to oversee the design, development and implementation of test strategies, test plans, test cases and defects management processes to ensure software and infrastructure meet the defined acceptance criteria (i.e. system behaviours), feature design specifications and application standards, ultimately supporting the delivery of quality solutions for the South African Reserve Bank.

Detailed description

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

•    Conduct various forms of testing, including functional, non-functional, integration, system integration, regression and user acceptance                 testing.
•    Analyse business requirements and perform gap analyses to ensure comprehensive test coverage.
•    Compile test strategies, plans and cases to maintain a structured approach during testing.
•    Evaluate, plan, design, develop and deploy testing techniques for new solutions, products, applications and enhancements to existing                     applications     throughout the development life cycles.
•    Manage defects and improve testing quality through early defect detection.
•    Keep abreast of information and communications technology trends, specifically within infrastructure technical testing, to design and                     develop     appropriate test approaches and solutions. 
•    Prepare progress and quality reports, summarising test results and statistics to support the final approval for solution implementation.
•    Compile user manuals and conduct training to support solution usage.

Qualifications

Job requirements

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

•    a Bachelor of Computer Science degree (NQF 7) in IT or an equivalent qualification;
•    five to eight years’ experience in technical testing; and 
•    these added advantages:
–    general application security knowledge and experience; 
–    server performance testing experience and/or working with monitoring tools;
–    manual and automated application programming interface (API) testing experience; and.
–    experience with tools such as Postman, UFT, Selenium, LoadRunner and J-Meter.

Additional requirements include:

•    knowledge and skill in:
–    industry, organisational and business awareness;
–    quality assurance;
–    continuous improvement;
–    continued learning and professional development;
–    IT enablement legislation and governance, risk and compliance;
–    application design and development;
–    infrastructure testing; and 
–    operations.  

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

Quality Specialist – Information & Technology Governance – BSTD

Job Description

Brief description

The main purpose of this position is to manage and drive the implementation of an Information and Technology (I&T) Quality Management System (QMS), along with standards and processes that support the achievement of the South African Reserve Bank’s (SARB) I&T quality objectives, as well as ensure that the I&T solutions and services provided to the SARB consistently meet high standard and effectively support the I&T strategy.

Detailed description

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

• Develop, implement and maintain the I&T quality management framework and processes for the SARB.
• Determine and establish best practices, standards, processes and responsibilities necessary to achieve the SARB’s I&T quality objectives, ensuring alignment with I&T governance requirements.
• Provide input into the quality management policy and I&T quality objectives of the SARB.
• Determine the I&T quality requirements of stakeholders to ensure the delivery of high-quality I&T products and services.
• Develop quality management plans for I&T processes, projects and objectives across the SARB in accordance with I&T governance requirements (e.g. COBIT)
• Monitor the implementation of quality management plans to ensure target maturity levels are achieved for all I&T processes across the SARB.
• Promote the QMS and quality objectives throughout the SARB, including training subject matter experts, project managers and other relevant stakeholders in the implementation of the QMS.
• Develop and implement methods to measure and report on the effectiveness and efficiency of the QMS.
• Identify and mitigate risks associated with I&T quality management, ensuring compliance with relevant governance frameworks as well as regulatory and industry standards.
• Lead stakeholder engagements (internal and external), displaying the ability to solicit information as well as deliver a coherent and convincing message.
• Stay up to date with developments in the I&T quality management field and apply new knowledge to own functional area.

Qualifications

Job requirements

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

• a minimum of an Honours degree in Computer Science, Information Systems or Informatics, or a related information technology (IT) quality discipline, technical field or certification;
• a minimum of 8 to 10 years’ IT quality management experience; and
• certifications in IT Quality Management and ISO 9000/1 (essential requirement).

The following would be an added advantage:

• Six Sigma or relevant quality management methodology certification;
• ITIL certification;
• PMBOK/ PRINCE2 certification; and
• COBIT 2019 Foundation certification.

Additional requirements include:

• industry, organisational and business awareness knowledge;
• quality assurance knowledge;
• quality assurance skills;
• release management knowledge;
• continuous improvement;
• I&T governance knowledge;
• project management skills;
• service management knowledge;
• I&T performance management knowledge; 
• extensive knowledge of IT quality management systems implementation;
• an understanding of IT quality systems regulatory requirements;
• in-depth knowledge and use of process improvement and quality management methods, tools and technology used to create and support defect-free, application software or business operations processes;
• an understanding of applications and/or infrastructure platforms;
• an understanding of process mapping concepts and tools;
• proficient in the use of Microsoft Office applications;
• report writing skills;
• planning and organising skills;
• facilitation skills;
• problem-solving and analytical skills;
• a drive for results;
• strong leadership skills;
• effective verbal and written communication skills;
• effective interpersonal skills;
• the ability to work in a team;
• negotiation and conflict resolution skills;
• a service and stakeholder focus;
• an experienced change agent with energy, passion and enthusiasm to drive change;
• building and maintaining relationships;
• impact and influence; and
• judgement and decision-making skills.

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

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

Click here to apply

Senior Team Leader – Security Systems Support – GSMD

Job Description

Brief description

The main purpose of this position is to provide effective team leadership for the management of the operation of all physical electronic security system functions within the South African Reserve Bank (SARB) Group. 

Detailed description

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

• Provide leadership for the technical and physical aspects of security infrastructure maintenance to ensure the integrity, reliability, availability and advancement of security measures across the SARB Group.
• Lead the operations of the technical physical electronic security management function to ensure delivery according to the security objectives of the SARB.
• Develop and implement governance frameworks for the management of all physical security systems to ensure that they are operational and functional at all times.
• Lead the maintenance support of physical electronic security systems, ensuring a proactive approach to system upkeep and minimising downtime across all entities within the SARB Group.
• Manage a comprehensive database containing security electronic system information, track electronic security anomalies, including system failures and maintenance deficits, to ensure timely and effective facilitation of resolution.
• Develop and ensure the implementation of operational risk identification and mitigation plan for physical electronic security systems to protect assets across the SARB Group. 
• Manage the compilation, analysis and reporting of physical electronic security systems management information (status and performance of security systems) to ensure management support decision making and input to strategic planning.
• Lead and empower the team, ensuring the team has the necessary support, guidance and resources to perform their duties effectively to foster a culture of continuous improvement, skills development and team collaboration. 
• Analyse technical information as input to the research, design and build life cycle to ensure a fit-for-purpose solution.
• Manage the capital and operational budget in support of the SARB Group security objectives.

Qualifications

Job requirements

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

• an Honours degree in Information Technology/Security Systems Management/Electronics Security Systems or an equivalent/related NQF 8 qualification;
• 8−10 years’ experience in management of electronic security systems, with at least 3 years in a team leadership/supervisory position; 
• sound knowledge of the security incident management, security management, relevant legislation and regulations, electronic security systems, computer-based systems and SANS Standards; and
• experience in information technology systems will be an added advantage.               

Additional requirements include:

• leading change;
• establishing focus;
• drive for results; 
• promote teamwork; 
• develop and empower others; 
• effective communication skills; 
• build and maintain relationships; 
• develop inter-personal effectiveness; 
• analysing and problem solving skills; 
• planning and organising skills; 
• judgement and decision making; and 
• strategic thinking.

Click here to apply

Manager: Security Systems Design and Applications – GSMD

Job Description

Brief description

The main purpose of this position is to oversee the Security Systems Design and Applications Function within the Group Security Management Department (GSMD), ensuring that security infrastructure is effectively implemented to maintain operational safety.

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

• Manage the provision of security systems management for the South African Reserve Bank (SARB) Group to ensure that appropriate security infrastructure is utilised. 
• Manage the research, design and implementation of security systems to ensure a secure operational environment. 
• Provide strategic oversight for the team’s security research and system design initiatives, ensuring that all projects align with the SARB Group’s security objectives and business goals.
• Provide high-level technical guidance and support to security researchers, functional specialists and system engineers, empowering them to execute their roles effectively.
• Oversee the assessment of new security technologies and methodologies, guiding the team in integrating these advancements into the organisation’s security infrastructure.
• Fulfil the team leadership function pertaining to on-the-job training development and performance of the team.
• Ensure the enforcement of security standards and policies across all projects, maintaining compliance with industry regulations and best practices through team adherence.
• Develop and manage the implementation of incident response plans, ensuring the team is equipped to handle and mitigate security system incidents promptly and efficiently.
• Manage the monitoring of the performance of security systems and applications through established key performance indicators (KPIs), leading the team in continuous improvement efforts based on these metrics.
• Facilitate collaboration between the security system design and applications team, the security business architects and other stakeholders to integrate security systems into the broader infrastructure, providing oversight to ensure alignment with security protocols.
• Manage and evaluate vendor partnerships and third-party security solutions, ensuring they meet the SABR’s security requirements and standards.
• Contribute to SARB Group’s disaster recovery and business continuity strategies by overseeing the team’s efforts to ensure the resilience and recoverability of security systems and applications.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• an Honours degree (NQF-level 8) in Information Technology, Security Systems Management, Electronics Security Systems or an equivalent qualification in a related field;
• 8−10 years’ experience in a security systems research, design and applications support environment, of which 3−5 years in a managerial or leadership capacity; and 
• sound knowledge and experience in areas such as system architecture and design, security frameworks and standards, system integration and stakeholder engagement.

Additional requirements include:

• leading change;
• strategic thinking; 
• building and maintaining trust;
• developing and empowering others;
• fostering diversity and inclusion;
• leading teams through effective communication and collaboration;
• managing complexity and ambiguity;
• building and maintaining relationships;
• drive for results; and
• sound judgement and decision-making skills.

Click here to apply

Cloud Architect – BSTD

Job Description

Brief description

The main purpose of this position is to research, plan, architect, design and deploy infrastructure cloud solutions within the South African Reserve Bank Group (SARB Group).

Detailed description

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

• Research and recommend emerging and fit-for-purpose infrastructure (servers, mainframe, storage, etc.) solutions and participate in the procurement of such solutions aligned to the business strategy.
• Define and evolve the SARB Group’s cloud architecture in alignment with the to-be architecture.
• Plan and develop cloud architecture blueprints and roadmaps for cloud solutions in alignment with industry best practices and standards.
• Oversee the implementation of cloud infrastructure designs and ensure alignment with industry best practices and standards.
• Provide expert guidance on cloud adoption and cloud cost management strategies.
• Oversee the management of the cloud technology life cycle.
• Lead the design of cloud native solutions.
• Implement and maintain the governance and security model for the cloud as developed by the Cyber and Information Security Unit.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the cloud infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed cloud infrastructure solutions and technologies.
• Identify, address and remediate risks in the cloud environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in cloud architectures and technologies.
• Provide cloud architectural expertise as part of information and communications technology (ICT) infrastructure projects and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.

Qualifications

Job requirements

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

• a minimum of a Honours degree (NQF 8) in IT, computer science or an equivalent qualification;
• TOGAF certification;
• ITIL v3/4 and COBIT 2019 will be an added advantage;
• AWS Certified Solutions Architect;
• Microsoft Certified: Azure Solutions Architect;
• VMware Certified Professional (VCP) will be an added advantage;
• Certified Cloud Security Professional (CCSP) will be an added advantage; and 
• a minimum of 8–10 years’ experience in cloud infrastructure architecture with a strong track record of designing and implementing cloud infrastructure solutions in enterprise organisations.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance; and
• continued learning and/or professional development;
• excellent technical knowledge of cloud services;
• continuous improvement of cloud services;
• comprehensive hands-on cloud services troubleshooting experience;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaising with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant; and
• understanding of critical IT processes (incident, configuration and change management) and other technical procedures.

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

We wish you all the best with your applications