SARB Vacancies

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

Legal Counsel x3

Job Description

Brief description

The main purpose of this position is to provide comprehensive and effective legal advice relating to the legislative, regulatory and litigious issues within the South African Reserve Bank (SARB), the Prudential Authority (PA) and its subsidiaries (collectively called the “SARB Group”), with a special focus on financial sector law as defined in the Financial Sector Regulation Act No 9 of 2017. This includes banking or insurance or pension law and other related areas. The incumbent may also be required to lead a team of legal consultants in the provision of legal advice and to contribute proactively to the mitigation of legal risk 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. 
• Contribute to, and take responsibility for, the development of appropriate legislative and regulatory frameworks that have an impact on the SARB Group, including the PA. 
• Take responsibility for monitoring and reviewing local and international legislation, regulation and policies that have an impact on the mandate of the SARB Group, and advise senior management on developments. 
• Conduct and integrate research on issues relating to the legislative, regulatory and policy frameworks that have an impact on the SARB Group, the financial sector, and advise on the impact on current frameworks in the financial sector. 
• Steer legal processes for internal clients on complex legal challenges and disputes affecting their operations. 
• Draft legislation (where applicable), as well as opinions to address specific concerns of the SARB Group. 
• Participate in negotiations to conclude agreements and agree on relevant positions, policies, principles, litigation matters and regulatory action matters, in consultation with senior management in the Legal Services Department. 
• Participate in internal and external forums, and present and/or defend informed positions that are in the interest of the SARB Group. 
• Lead special projects to ensure that mandated and informed positions are developed and presented to stakeholders. 
• Manage stakeholder relationships in relevant areas (internal and external) to enhance the operations of the SARB Group and facilitate the required co-operation and concurrence between financial sector regulators. 
• Manage litigation affecting the SARB Group, by managing the litigation process with external counsel. 
• Provide regular updates and progress reports on all instructions for the purpose of management information, consistency of application of legislation/opinions to manage reputational and legal risk. 

Qualifications

Job requirements

To be considered for this position, candidates must:

• have an LLB degree (NQF 8) or an equivalent qualification; and 
• five to eight years of relevant work experience as a practising attorney, advocate within the financial sector or in-house legal counsel / corporate lawyer. 

The following will be an added advantage:

• admission as an Attorney or an Advocate of the High Court; and/or 
• banking or insurance or pension law  industry experience; and/or 
• a solid record in leading and concluding complex legal projects. 

Additional requirements include:

• assertiveness
• problem-solving and analysis
• verbal and written communication
• judgment and decision-making
• verbal and written communication
• listening skills 
• presentation skills
• relationship management
• self-starter with attention to detail
• driving execution and decision-making
• organisational awareness
• project management

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

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

Artisan Electronics

Job Description

Brief description

The main purpose of this position is to maintain and install electronic related systems and sub-systems (intermediate maintenance) to optimise building systems at the South African Reserve Bank (SARB).

Detailed description

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

• Engage in short term planning and perform tasks in teams as well as independently in accordance with set standards and procedures.
• Perform fault-finding for sub-systems (intermediary) by applying set or modified techniques within a defined context.
• Conduct preventative and corrective maintenance in the electronic related systems and sub-systems or equipment and determine possible component failure to enhance system capability.
• Test all work and close out assigned job cards (work orders) on maintenance and project work.
• Interpret work instructions and drawings concerning construction, alterations/modifications, enhancements, maintenance and operational projects in the electronics and related environment.
• Apply South African National Standards (SANS) and the standards of the International Organization for Standardization (ISO) to comply with safety and health requirements.
• Perform quality assurance on work done by external service providers for adherence to industry requirements and manage non-conformance and/or report to the team-leader.
• Prepare and submit reports, as per Service Level Standard (SLS), using standard template (job cards and non-conformance reports) highlighting work completed and problem areas.
• Engage positively with stakeholders and clients (including handling clients’ complaints and compliments).
• Adhere to OHS standard within SARB and enforce compliance when working with external service providers. 
• Keep abreast with and upskill/familiarise self on new technology/ equipment to enable performance of new tasks and activities against the required standard (Manufacturers’ Manual or engineer’s instructions).

Qualifications

Job requirements

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

• a Matric/Grade 12 Certificate a must have.
• a relevant N4 qualification or higher. 
• a National Trade Test (in electronics or electronic and security systems); and
• at least 3–5 years’ experience in an electronic engineering environment.
• In possession of a valid driver’s licence.

Additional requirements include:

• engineering and planning knowledge and skill;
• facilities, engineering and reporting knowledge and skill; 
• facilities, engineering and information management knowledge and skill;
• communication skills in English (verbal and written);
• computer literacy (i.e. the Microsoft Office suite); and
• the ability to work overtime and do standby duties when required. (i.e.  residing within 30 minutes reach distance from the Bank)
• Have own transport
• verbal communication skills 
• drive for results 
• learning focus
• teamwork 
• service and stakeholder focus 
• problem solving
• conscientious
• Able to interpret electronics circuit drawings and building drawings.
• Understanding of CMMS (Computerized Maintenance Management System)

Click here to apply

Procurement Contracts Administrator

Job Description

Brief description

The main purpose of this position is to perform administrative duties in support of good procurement contracts administration within the Procurement Division of the South African Reserve Bank (SARB).

Detailed description

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

• Ensure that procurement contract instructions are accurate and facilitate the hand-over of instructions to the Legal Counsel for the drafting of agreements. 
• Record and maintain relevant procurement and contract information in the system to keep information updated and ensure data quality.
• Facilitate the resolution of contract-related queries between the SARB’s Legal Counsel, Privacy Office, Governance Information, Cyber Security and Security Vetting Section and escalate delays where necessary.
• Monitor and track contract instructions through to contract conclusion and continue to oversee contracts throughout their lifecycle, including performing contract close out activities. 
• Monitor and track active third-party supplier contracts that are about to expire and assist in demand planning internally for the sourcing team ahead of contract expiration.
• Provide general administrative support, including record keeping, to facilitate the section’s operations.
• Capture and maintain the relevant registers to ensure accurate reporting. 
• Collate, compile and generate accurate reports to provide management with information for decision-making on a weekly, monthly, quarterly and annual basis.
• Collaborate with the Legal Services Department and other departments/divisions regarding new instructions, monitor their progress to completion and escalate delays where necessary.
• Engage with relevant stakeholders within the SARB, displaying the ability to handle basic queries and to convey and explain information fluently.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements in own work and that of the division (including methods and practices). 
• Perform work independently according to established practices, processes, rules and regulations to ensure compliance with standards, policies and guidelines when performing tasks.

Qualifications

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

• a post-Matric Certificate (NQF5) in Governance, Contracts Management, Information Technology (IT), Supply Chain Management or an equivalent qualification; and
• three to five years’ experience in a contracts management, governance, IT or supply chain environment. 

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continuous learning and/or professional development;
• contract administration; 
• service management; 
• legal administration; 
• knowledge of Microsoft Power Applications;
• verbal and written communication; 
• flexibility; 
• drive for results; 
• learning focus; 
• teamwork; 
• service and stakeholder focus; 
• analysis and problem solving; 
• resilience; and 
• attention to detail.

Click here to apply

Senior Artisan: Electronics 

Job Description

Brief description

The main purpose of this position is to maintain and install electronic related systems and sub-systems (intermediate maintenance) to optimise building systems at the South African Reserve Bank (SARB).

Detailed description

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

• Engage in short term planning and perform tasks independently in accordance with set standards and procedures.
• Perform fault-finding for sub-systems (intermediary) by applying set or modified techniques within a defined context.
• Conduct preventative and corrective maintenance in the electronic related systems and sub-systems or equipment and determine possible component failure to enhance system capability.
• Test all work and close out assigned job cards (work orders) on maintenance and project work.
• Interpret work instructions and drawings concerning construction, alterations/modifications, enhancements, maintenance and operational projects in the electronics and related environment.
• Apply South African National Standards (SANS) and the standards of the International Organization for Standardization (ISO) to comply with safety and health requirements.
• Perform quality assurance on work done by external service providers for adherence to industry requirements and manage non-conformance and/or report to the team-leader.
• Prepare and submit reports, as per Service Level Standard (SLS), using standard template (job cards and non-conformance reports) highlighting work completed and problem areas.
• Engage positively with stakeholders and clients (including handling clients’ complaints and compliments).
• Adhere to OHS standard within SARB and enforce compliance when working with external service providers.
• Keep abreast with and upskill/familiarise self on new technology/ equipment to enable performance of new tasks and activities against the required standard (Manufacturers’ Manual or engineer’s instructions).

Qualifications

Job requirements

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

• a Matric/Grade 12 Certificate a must have.
• an N4 level technical qualification or higher.
• a nationally recognised trade test in electronics and electronics automation
• three to five years’ experience (post learnership and technical trade).
• In possession of a valid driver’s licence.

Additional requirements include:

• verbal communication skills
• drive for results 
• learning focus
• teamwork
• service and stakeholder focus 
• problem solving
• conscientious
• Able to interpret electronics circuit drawings and building drawings.
• Understanding of CMMS (Computerized Maintenance Management System)
• engineering and planning knowledge and skill.
• facilities, engineering and reporting knowledge and skill. 
• facilities, engineering and information management knowledge and skill.
• communication skills in English (verbal and written).
• computer literacy (i.e. the Microsoft Office suite); and
• the ability to work overtime and do standby duties when required. (i.e.  residing within 30 minutes reach distance from the Bank)
• Have own transport.

Click here to apply

Senior Artisan: Electrical X2

Job Description

Brief description

The main purpose of this position is to maintain and install electrical related sub-systems (intermediate maintenance) in order to optimise building systems at the South African Reserve Bank (SARB)

Detailed description

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

• Engage in short-term planning and perform tasks independently in accordance with set standards and procedures.
• Perform fault-finding on electrical sub-systems (Intermediary) by applying a set of modified techniques within a defined context.
• Conduct preventative and corrective maintenance on electrical sub-systems and/or equipment and determine possible component failure to enhance system capability.
• Test all work and close out assigned job cards (work orders) on maintenance and project work.
• Interpret work instructions, drawings and diagrams concerning construction, alterations, modifications, enhancement maintenance and operational projects in the electrical and related environment.
• Apply South African National Standards (SANS) and the standards of the International Organization for Standardization (ISO) to comply with safety and health requirements. 
• Perform quality assurance on work done by external service providers for adherence to industry requirements and manage non-conformance and/or report to the team-leader.
• Prepare and submit reports, as per Service Level Standard (SLS), using standard template (job cards and non-conformance reports) highlighting work completed and problem areas cards and non-conformance reports) highlighting work completed and problem areas.
• Engage positively with stakeholders and clients (including handling clients’ complaints and compliments).
• Adhere to OHS standard within SARB and enforce compliance when working with external service providers
• Keep abreast with and upskill/familiarise self on new technology/ equipment to enable performance of new tasks and activities against the required standard (Manufacturers’ Manual or engineer’s instructions).

Qualifications

Job requirements

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

• a Matric/Grade 12 Certificate a must have. 
• a national trade test in electrical heavy current. 
• a wireman’s licence (Master Installation Electrician will be an advantage)
• N6 National Certificate in Electrical Heavy current or NQF6 technical qualification or equivalent (will be an advantage); and
• three to five years’ experience in a technical trade environment.
• In possession of a valid driver’s licence.

Working experience in:

• the service maintenance of electrical systems and sub-systems, including fitment and layout;
• conversant in the dynamics of a high-rise and/or high-tech commercial office and building environment.
• maintaining electrical equipment and systems;

Knowledge and skills of:

• electrical maintenance procedures;
• the Occupational Health and Safety Act and its regulations;
• risk management related to occupational health and safety;
• problem-solving;
• the reading of floor plans, and electrical drawings and diagrams;
• computer literacy (i.e. the Microsoft Office suite);
• good communication skills (verbal and written); and
• Competency in operation and maintenance of machinery in building facilities.
• Must perform standby duties
• Must resides within maximum of 30 min area or be willing to relocate to work 

Additional requirements include:

•           verbal communication skills

•           drive for results 

•           learning focus

•           teamwork

•           service and stakeholder focus 

•           problem solving

•           conscientious

•           Able to interpret electrical circuit drawings and building drawings.

•           Understanding of CMMS (Computerized Maintenance Management System)

•           engineering and planning knowledge and skill.

•           facilities, engineering and reporting knowledge and skill. 

•           facilities, engineering and information management knowledge and skill.

•           communication skills in English (verbal and written).

•           computer literacy (i.e. the Microsoft Office suite); and

•           the ability to work overtime and do standby duties when required. (i.e.  residing within 30 minutes reach distance from the Bank)

•           Have own transport.

Click here to apply

Business Operations Officer – Regional Settlement Services

Job Description

Brief description

The main purpose of this position is to ensure the provisioning of effective and efficient payment and settlement services.

Detailed description

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

• Provide support to participants as well as clearing and settlement operators through various mediums or communication channels.
• Log, monitor, escalate and resolve calls on the call logging system according to agreed service level standards.
• Compile operational and performance reports (internal and external) as well as customer support engagements reports.
• Analyse data and insights from systems to improve the effectiveness and efficiency of payment and settlement services.
• Monitor the system and its interlinked ancillary systems to ensure that all settlements take place within agreed standards, and escalate when necessary.
• Conduct system testing and monitor market testing according to a system test framework, and test the cases developed by the system tester.
• Participate in projects by executing assigned tasks arising from changes to regulations, business and technology.
• Contribute towards and review business and functional requirements, and test cases.
• Execute billing, reconcile financial accounts and ensure that costs are recovered.
• Assist with on-the-job training for staff members at the South African Reserve Bank (SARB). 
• Conduct participant training.
• Contribute towards the induction programme for new employees.
• Compile evidence or sample information for internal and external auditors, and contribute to the Principles for Financial Market Infrastructures (PFMI) assessments.
• Identify and report on the operational risks of the unit. 
• Prepare and execute resilience tests in line with business continuity management.
• Compile and update the operational and system manuals, procedures and processes.
• Execute the activities set out by the stakeholder management framework, at the appropriate level, to support operations.
• Coordinate and execute the onboarding and termination of participants (banks and non-banks) on the real-time gross settlement (RTGS) system. 
• Capture, verify and update master data changes on the RTGS system.
• Execute and/or monitor the internal and external operational system changes. 

Qualifications

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

• the minimum of a National Diploma (NQF 6) in Business Administration, Financial Management or Operations Management; and 
• the minimum of 2–5 years’ experience in financial services and/or banking services.

Additional requirements include:

• 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 and skill; 
• settlement systems knowledge; and
• national payment system knowledge.

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

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

Click here to apply

Manager: AML/CFT (Offsite)

Job Description

Brief Description

The main purpose of to manage the off-site anti-money laundering/counter-terrorist financing/ proliferation financing (AML/CFT/CPF) supervision function within the Prudential Authority (PA) to ensure that efficient and effective risk-based supervision is undertaken in executing the PA’s supervisory duties as defined in the Financial Intelligence Centre Act 38 of 2001(FIC Act).

Detailed description

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

• Lead and manage an AML/CFT team responsible for conducting off-site supervision pertaining to compliance with the provisions of the FIC Act with regard to AML/CFT ‒ this includes undertaking reviews to assess compliance with AML/CFT requirements and standards, with the application of a risk-based approach to supervision.
• Identify new and emerging money laundering/terrorist financing/proliferation financing (ML/TF/PF) risks, including those in jurisdictions where South African banks and insurers have operations ‒ this includes the maintenance of the risk-based tool and ensuring that information is incorporated into the risk-based tool that will inform the frequency and duration of onsite inspections.
• Develop and maintain the risk-based supervisory manual and framework.
• Compile the annual supervisory calendar, considering work of the offsite team which must be reflective of a risk-based approach ‒ including inspections as well as other supervisory engagements.
• Introduce innovation and drive the use of technology to inform risk-based supervision, collation of statistics, engagement with external stakeholders, creation of an AML/CFT/CPF dashboard for analysis and reporting purposes.
• Ensure that AML/CFT risk returns are analysed timeously and that sector risk assessments are being conducted on a periodic basis for the banking and life insurance sector.
• Oversee the drafting of AML/CFT/CPF guidance for internal and external stakeholders to ensure effective implementation of a risk-based approach.
• Manage the performance and development of the AML/CFT off-site team.

Qualifications

Job requirements

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

• a postgraduate Degree in Analytics, Business Management, Data Science, Finance, Law or equivalent qualification; 
• ten years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• two years’ experience in managing teams.

Additional requirements include:

• a qualification in the field of financial crime/AML/CFT compliance 

management will be an added advantage;

• understanding of the provisions of the FIC Act; 
• working knowledge of AML/CFT/CPF systems, products and risk management practices within the financial services sector; 
• excellent technical knowledge and understand of ‘risk-based approach’; 
• financial sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad;
• an understanding of PA supervision, regulation and legislation; and
• a combination of expert technical and application of an effective technology-driven approach to risk-based supervision.
• manage the section to ensure effective and efficient functioning of sectional operations.

Click here to apply

Manager: AML / CFT (Onsite)

Job Description

Brief description

The main purpose of this position is to assist the Prudential Authority (PA) in discharging its supervisory duties, as defined in the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act), in respect of banks and life insurers. 

Detailed description

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

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks’ compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.
• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.
• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the department’s supervisory calendar.
• Perform the duties relating to the administrative arrangements for each inspection and on-site review.
• Maintain a project plan to be followed for individual inspections and on-site reviews.
• Execute inspections and on-site reviews at the premises of individual banks and life insurers.
• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.
• Ensure that on-site inspections are risk-based and effective.
• Provide management information in respect of the progress of inspections and on-site reviews. 
• Manage the performance of the AML/CFT team.

Qualifications

Job requirements

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

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act; 
• an understanding of PA supervision, regulation and legislation;
• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and report-writing skills.

Click here to apply

Senior Data Scientist

Job Description

Brief description

The main purpose of this position is to leverage industry knowledge and analytical expertise to lead data analysis in support of policy and decision making aligned with the strategic mandate of the Financial Stability Department (FinStab) within the South African Reserve Bank (SARB).

Detailed description

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

• Identify value driving opportunities for the application of advanced analytics in achieving the departmental mandate.
• Define, execute and take accountability for advanced analytics’ use cases which derive insights across key departmental subject areas.
• Lead the identification, sourcing and assessment of relevant structured and unstructured data for statistical modelling.
• Lead the design and development of robust statistical models which are modular, scalable, deployable, reproducible and version-controlled for use in analytics and reporting.
• Take accountability in all aspects of analytics solutioning, from scoping and hypothesis formulation to data sourcing, model selection, development, validation, deployment, maintenance, enhancement, optimisation and automation.
• Identify, manage and mitigate risks (i.e. model biases) and ensure adherence to ethics principles (fairness, privacy, transparency and accountability) with respect to data and advanced analytics modelling.
• Ensure alignment of work outputs to relevant departmental and SARB strategies and to Enterprise Information Management (EIM) and governance standards and frameworks.
• Communicate complex analytics concepts in a clear and concise manner to assist researchers, senior stakeholders and business leaders in interpreting model outputs and informing decision and policy actions.
• Ensure reusable analytics assets and knowledge transfer which allows business to fully integrate analytics assets in their business processes.
• Collaborate and proactively engage senior stakeholders from business and functional support areas across the analytics lifecycle to ensure solutions are well formulated, deployed, supported and adopted.
• Mentor and coach data scientists, data analysts and other junior team members.
• Provide guidance and training to relevant stakeholders on the application of analytical solutions and technologies.
• Keep abreast of industry best practices, techniques and technologies and to lead the implementation thereof to ensure value enhancing advanced analytics solutions.

Qualifications

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

• an Honours degree (NQF 8) in STEM field, advanced degree strongly recommended, or an equivalent qualification;
• Data Science certificate;
• Data Analytics or visualisation certificate;.
• 8−10 years of experience in building, maintaining and optimising Data and Business Intelligence solutions of which 6−8 years of relevant work experience in building advanced analytics driven solutions as part of analytics setup in company/analytics services;
• five+ years of leading the development & deployment of advanced analytics solutions; and
• three+ years of experience in leading junior data scientists and data science projects.

Additional requirements include:

• deep technical expertise in Statistics & Machine Learning: Regressions;
• clustering techniques, timeseries techniques, bagging and boosting trees;
• ensemble models, neural networks;
• deep technical expertise in at least two of the following programming languages: Python, R, Statistical Analysis System (SAS), Scala, Structured query language (SQL);
• extensive experience with descriptive statistics and exploratory data analysis (EDA);
• extensive experience in working with large datasets in flat files, relational databases and distributed systems (Hadoop). 
• some exposure to Amazon Web Services (AWS), Microsoft Azure and/or Google Cloud Platform (GCP);
• extensive experience with visualization tools (e.g. PowerBI, SAS, Tableau, MicroStrategy);
• extensive experience in working with large volumes of structured and unstructured data and leveraging it to build Artificial Intelligence (AI)/Machine Learning (ML) solutions through end-to-end automated data pipelines; and
• extensive experience in machine learning operations (MLOps) for AI/ML model deployment and monitoring enhancements for standalone solutions or as part of larger product.         

Click here to apply

Senior Macroprudential Specialist

Job Description

Brief description

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

Detailed description

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

• Lead the development and implementation of top-down and bottom-up stress-testing frameworks, including methodologies, processes and models.
• Conduct stress-testing exercises and report the results to policymakers. 
• Do research to inform the assumptions and relationships that underpin the relevant models.
• Investigate macroeconomic stress testing and possible financial stability risks to detect systemic vulnerabilities early and provide detailed reports on the findings.
• 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 team responsibilities.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Master’s degree in either Economics, Econometrics, Mathematics, Statistics or Actuarial Science, or an equivalent qualification;
• a minimum eight years’ job-related experience with a background in stress testing, model development and/or quantitative analysis of systemic risk in the financial sector; and
• experience in relevant programming languages, such as Python, Matlab and ‘R’ will be an added advantage.

Additional requirements include: 

• proven facilitation and presentation abilities (considered an advantage);
• sound knowledge of economic and financial theories and macroprudential policies;
• an understanding of stress testing of the banking/insurance sectors or a similar environment;
• knowledge of the insurance and banking regulatory frameworks and international standards;
• experience in macroeconomic and/or microeconomic modelling;
• proficiency in project management and risk management;
• excellent interpersonal, verbal and written communication skills; and
• proficiency in using Microsoft Office products, including Word, Excel and PowerPoint.

Click here to apply

Data Modeller

Job Description

Brief description

The purpose of this position is to enhance data modelling, business process management and data development maturity within the Economic Statistics Department (ESD) to support the production of reliable economic statistics for effective decision-making.

Detailed description

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

• Continuously assess data modelling and data development maturity levels in ESD against best practices. 
• Implement and contribute to the development of standards, guidelines, processes and procedures for data modelling and data governance within the department and the South African Reserve Bank (SARB) Group. 
• Specify and translate business information requirements into data definitions within ESD. 
• Document and review business processes and procedures and analyse business and related data management needs for ESD. 
• Independently facilitate workshops and consult with stakeholders regularly to understand and address data-related issues, as required. 
• Conduct data modelling activities during project implementations and for operational needs, as required. 
• Assist in compiling project-based reports to monitor and measure progress in data modelling and data governance development, ensuring accurate information is captured according to business requirements. 
• Address and resolve data modelling and data governance development issues within ESD. 
• Develop and maintain stakeholder relationships to promote awareness of data modelling across ESD and support the production of quality statistics for decision-making. 

Qualifications

Job requirements

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

• at least an Honours degree in either Computer Science, Management Information Systems or ComputerEngineering, or an equivalent qualification in a related field;
• a minimum of five to eight years’ experience in data management, statistics or economics; and
• relevant data modelling (e.g. Certified Data Management Professional Associate) and business analysis certification will be advantages. 

Additional requirements include:                      

• knowledge and skills in:
• industry, business and organisational awareness; 
• quality assurance; 
• enterprise information management (EIM) strategy; 
• EIM planning; 
• data architecture; 
• analysis and problem-solving; 
• planning and organising; 
• service and stakeholder focus; 
• conceptual thinking; 
• innovation and creativity; 
• drive for results; 
• excellent interpersonal and communication (verbal and written) skills; and 
• proficiency in business continuity management (BCM) software and Microsoft (MS) Office products such as MS Word, Excel and PowerPoint. 

Click here to apply

Associate Data Steward

Job Description

Brief description

The purpose of this position is to serve as an Associate Data Steward, working under the supervision of the Data Steward to support the Economic Statistics Department (ESD) in managing and overseeing data management practices, ensuring the delivery of high-quality and consistently accessible statistics to the business.

Detailed description

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

• Collect, prepare and submit preliminary research according to data management methodologies and frameworks to the Data Steward, enabling the delivery of accurate and reliable data for quality statistics to ESD stakeholders.
• Under supervision, identify new data sources, informed by the results of data quality assessments, to broaden the scope of economic statistics for ESD stakeholders and support effective decision-making processes.
• Review published statistics to confirm alignment with established quality standards and provide constructive feedback to the Data Steward.
• Regularly monitor the metadata registry to ensure compliance to the metadata framework and report any findings to the Data Steward.
• Proactively identify and report issues related to the integrity and quality of data and statistics, notifying the Data Steward for prompt resolution.
• Participate in relevant data management projects under the supervision of the Data Steward within ESD.
• Stay abreast with the latest data management methodologies and advancements in all relevant knowledge areas, ensuring their supervised application as appropriate.
• Suggest and, under the supervision of the Data Steward, implement the refinement and continuous improvement of systems, tools, methods and processes within your area of responsibility.

Qualifications

Job requirements

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

• a minimum of a degree in either Information Technology, Computer Science or Mathematics or an equivalent qualification in a related field;
• at least two years’ experience in a data management environment; and
• relevant certifications would be an advantage.

Additional requirements include: 

• knowledge and skills in:
• industry, organisational and business awareness;
• Enterprise Information Management (EIM) reporting;
• information governance;
• data storage and operations;
• document and content management;
• reference and master data;
• metadata management;
• data quality management;
• effective communication; and
• building and manage relationships.

Click here to apply

Senior Technical Specialist (Applications)

Job Description

Brief description

The main purpose of this position is to drive as well as lead the support, maintenance and enhancement of all Business Solutions and Technology (BSTD) applications to ensure systems’ availability, health and optimal performance.

Detailed description

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

• Drive or lead the monitoring of the underlying Business Intelligence environments (databases and application servers) to ensure capacity management, systems availability and optimal long-term performance.
• Provide recommendations in BI Solution implementations on hardware and software configuration.
• Exposure to BI Technologies such as SAS, Microsoft Power BI, Oracle Data Integrator, Oracle Analytics Server (OAS), Informatica and OBIEE.
• Take responsibility for ensuring system availability, configuration, upgrades and general support for all BSTD applications.
• Take responsibility for driving enhancements of all BI applications through the installation of new features and configuring of solution architecture throughout the application lifecycle to ensure delivery of new functionality.
• Provide guidance and technical input to resolving high complexity issues across all BI applications.
• Lead engagements with cross-functional stakeholders and take responsibility for managing the relationship.
• Keep abreast of industry best practices and technologies, and lead implementation thereof to optimise effective and efficient business applications.
• Impart knowledge of the technical environment to the system development team.
• Proactively identify and drive initiatives to ensure compliance and adherence to security and application standards across all BSTD applications.
• Identify and manage the mitigation of risks relating to all BI applications.
• Provide reporting and recommendations on solution performance and system availability to senior management and relevant stakeholders.
• Assist and develop application technical specialist by providing technical guidance, quality assure and take accountability for the output specialists.

Qualifications

Job requirements

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

• a Postgraduate qualification / degree (NQF 8) in Computer Science, Information Management/Information Technology or equivalent qualification; and
• eight to ten years of experience in supporting, maintaining and enhancing the business intelligence and collaborations environments.

Additional requirements include:

• effective communication;
• judgement and decision-making;
• client and stakeholder focus;
• drive for results;
• planning and organising;
• problem-solving and analysis;
• conceptual thinking; and
• building and managing 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 Actuarial Analyst

Job Description

Brief description

The main purpose of these two positions is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life and non-life actuarial risks in insurance entities. The successful candidates 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 areas. One position is in the Life team, one in the Non-life team.

Detailed description

The successful candidates 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 either life or non-life insurers; 
  • participation in on-site visits to life or non-life insurers; and 
  • the consideration of internal model approvals.
• Scrutinise and check the compliance of submissions by life or non-life insurers’ actuaries.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

Qualifications

Job requirements

To be considered for these positions, candidates must be in possession of:

• 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
• two to five years’ relevant working experience, preferably in the life or non-life insurance industry, whichever is relevant.

The following would be an added advantage:

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

Job related skills and knowledge:

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

Additional requirements are as follows:

• knowledge of the Insurance Act 18 of 2017;
• knowledge of the Prudential Standards;
• 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 SARB’s Head Office in Pretoria and the offices of supervised entities that are generally outside of Pretoria.

Click here to apply

Manager: Financial Markets Infrastructure Supervision

Job Description

Brief Description

The main purpose of this position is  to provide managerial leadership and to analyse and assess inter-disciplinary market infrastructure regulation and principles for the day-to-day supervision of prudential regulated financial market infrastructures (FMIs).

Detailed description

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

• Develop short-term goals, align teamwork and tasks with divisional goals and provide input into the development of policies and processes. 
• Analyse, collate and provide management information for planning and budgeting. 
• Manage the delivery of work objectives of the analysts through the allocation and monitoring of work and manage the accountability of resources. 
• Ensure that FMIs adhere to the principles for financial market infrastructures (PFMIs) and comply with minimum supervisory standards.
• Conduct relevant research to align with international best practice compliance and standards.
• Provide accurate and meaningful information for both domestic and international consumption.
• Represent the South African Reserve Bank (SARB) in industry meetings and express the SARB’s case within the given mandate and parameters.

Qualifications

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

• a postgraduate degree (NQF 8) in Accounting, Economics, Finance or Risk Management;
• 10 years’ experience in the FMI sector or FMI policy environment; and 
• two years’ experience in managing a team.

Additional requirements include knowledge of and skills in:

• Prudential Authority (PA) supervision, regulation and legislation;
  • financial markets and instruments;
  • relevant policies and procedures;
  • research methodologies;
• PFMIs;
• report writing;
• problem-solving and analysis;
• verbal and written communication; 
• interpersonal skills;
• sound judgement; 
• strategic thinking;
• bias for action;
• confidentiality; 
• decision-making; and
• mentoring and coaching. To manage the section to ensure effective and efficient functioning of sectional 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

Associate Bank Analyst

Job Description

Brief description

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

Detailed description

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

• Review, analyse and evaluate banks’ internal capital adequacy assessment process.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990), in line with international best practices.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Develop and implement the supervisory review and evaluation process, in line with international best practices. 
• Conduct supervisory oversight of designated banks and participate in supervisory practices, including:
• analysing and assessing the strategies, business models and business portfolios of banks;
• analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles; 
• assessing compliance with the Banks Act 94 of 1990, the Regulations relating to Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements; 
• analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
• analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices; 
• contributing to and participate in risk-based meetings with banks and their auditors; and 
• preparing detailed reports based on the outcome of the analysis performed.
• Manage correspondence and maintain electronic records in line with operational standards.
• The role includes admin related responsibilities such as the coordination of meeting arrangements, drafting of correspondences, daily record keeping, assessing the completeness of applications, etc.
• Contribute towards the attainment of departmental strategic objectives.
• Contribute towards the attainment of operational objectives.

Qualifications

Job requirements

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

• minimum postgraduate qualification (NQF 8) in Accounting, Banking, Commerce, Economics, Finance, Risk Management; and
• at least two to five years’ experience in the finance sector or financial regulatory environment. 

Additional requirements include:

• an in-depth knowledge and understanding of regulatory frameworks and international standards, such as the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• being conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related standards and regulations;
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of basic risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks faced by banks and banking groups;
• an in-depth knowledge of the business of banks;
• an understanding of the business models applied by, and the financial and operating environment of, banks; and
• knowledge and understanding of corporate governance and risk management best practices and standards.

Job-related skills and attributes include:

• problem-solving and analytical skills;
• proven facilitation and presentation skills;
• strong interpersonal skills and the ability to build and maintain relationships;
• excellent verbal and written communication skills; 
• the ability to effectively and efficiently manage time; and
• proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint and other related software packages.

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

Senior Prudential Policy Analyst 

Job Description

Brief description 

The main purpose of this role is to undertake research and analysis pertaining to prudential regulation policy within the financial sector, with the aim of monitoring and influencing the policy directions of both international financial standard-setting bodies and domestic frameworks. 

Detailed description 

The successful candidate will assume responsibility for the following key performance areas:

• Provide specialised research and analysis on policy and regulatory frameworks related to prudential regulation within a Twin Peaks regulatory system, including ad hoc requests. This includes research into frameworks governing banks, insurers, financial market infrastructures, and other relevant policy domains, with emphasis on areas aligned to the mandate of the Prudential Authority (PA).
• Conduct regulatory impact assessments for frameworks developed by the PA, ensuring identification and mitigation of any unintended consequences affecting supervised entities.
• Analyse the relevance and appropriateness of developments in financial sector policy, both domestically and internationally, as they pertain to the PA’s mandate.
• Develop and refine policy positions, tools, and regulatory frameworks through rigorous research and assessment, focusing on banking, insurance, financial market infrastructures, and other policy initiatives within the PA’s remit.
• Design and implement cooperative mechanisms with the South African Reserve Bank (SARB) and related stakeholders to promote financial stability.
• Examine domestic and global regulations and evaluate their effects on banking, insurance, financial market infrastructures, and other fields pertinent to the PA’s mandate.
• Monitor international prudential policy implementation and assess its impact on local regulatory environments.
• Contribute to the development of draft regulatory frameworks and instruments applicable to entities regulated by the PA.
• Represent South Africa in engagements with international standard-setting bodies, participating actively in their work.
• Represent the PA in Parliament and other fora on policy matters and financial sector regulation frameworks. 
• Support efforts to adopt and adapt internationally recognised prudential standards to suit South Africa’s specific requirements, ensuring local relevance and continued compliance with global criteria.
• Participate in, and contribute to, PA-related policy governance processes.
• Coordinate and complete international surveys.
• Assist in drafting the PA’s regulatory strategy, outlining the authority’s policy, regulatory, and supervisory priorities.
• Provide briefings on specialised policy topics to Divisional Heads, Department Heads, the Chief Executive Officer (CEO), Governor, and Deputy Governors relating to financial sector regulation and supervision.
• Represent the PA at various public events including training sessions, lectures, and conference presentations.
• Collaborate with the SARB and other regulators to coordinate the PA’s ‘House View’ on key financial sector policy issues.
• Draft speeches, speaking notes, and briefing documents on specialist subjects for use by Divisional Heads, Department Heads, CEO, Governor, and Deputy Governors, both locally and internationally, to reflect the views of the PA and SARB.

Qualifications

Job requirements 

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

• Post-graduate degree in Economics (preferable), Finance, Accounting, Insurance or Banking; and 
• At least 8 years’ experience in the financial sector, preferably in policy and/or research area. 

Additional requirements include: 

• research competencies;
• financial sector understanding;
• stakeholder engagement; 
• appreciation of corporate governance and risk management practices and standards; 
• international and national developments on financial sector policy; 
• insurance core principles, solvency II or solvency assessment and management; 
• banking core principles, Basel III; 
• problem-solving and analysis; 
• planning and organising; 
• verbal and written communication; 
• financial and business acumen; 
• team player; 
• self-starter; 
• attention to detail; and 
• confidentiality. 

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

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

Click here to apply

Database Administrator – Oracle

Job Description

Brief description 

The main purpose of this position is to administer, maintain, install and support the database management systems for the South African Reserve Bank (SARB). 

Detailed description 

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

• Respond to unplanned system outages by investigating, troubleshooting and remediating.
• Maintain user access as per the User Access Management Policy.
• Securely install and administer the database to enhance the resilience, redundancy and continuity thereof.
• Provide first-level database support to end users in all departments, including proactive preventative maintenance and upgrades of the database management system.
• Schedule database backup and design recovery plans and procedures.
• 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;
• database administrator certification; and 
• 2-5 years of database-related experience.

Additional requirements include: 

• 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 availability management knowledge and skill;
• conceptual thinking;
• verbal and written communication skills;
• analytical and problem-solving skills; 
• planning and organisational skills;
• attention to detail;
• a drive for results;
• service and stakeholder focus;
• teamwork skills; and
• learning 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.  

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