South African Reserve Bank (SARB)

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

1. Personal Assistant
2. Analyst -FinSurv
3. Manager: Programme Management Office
4. Trade Settlement Officer
5. Economist, Senior Economist, Lead Economist
6. Applications Technical Specialist (CODI) 
7. Applications Functional Specialist (CODI)
8. Senior Macroprudential Specialist (Climate Change)
9. Data Steward
10. Divisional Head Conglomerate Supervision

Personal Assistant

JOB DESCRIPTION

Brief description

The main purpose of this position is to provide administrative support and assistance to the divisional head and managers of the Procurement Division within the South African Reserve Bank (SARB).

RESPONSIBILITIES

Detailed description

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

• Proactively manage and maintain the divisional head and managers’ diaries, including logistical arrangements for appointments and travel in liaison with relevant personnel.
• Where applicable, receive, screen and respond to incoming telephone calls using own initiative and, where appropriate, deal with queries and/or route calls to appropriate people.
• Prepare and edit correspondence, communication, presentations, minutes of meetings, action plans and other documents, and conduct basic research and analysis where necessary for this purpose. 
• Collate and coordinate project-based and other information on behalf of the divisional head and managers. 
• Review operating practices in own area and implement improvements where necessary.
• Maintain positive internal and external relationships on behalf of the divisional head and managers by engaging with members and stakeholders at all levels of seniority. 
• Create and maintain a contact database for the divisional head and managers’ offices as well as a filing system in accordance with the File Plan of the SARB.
• Perform day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the divisional head and managers’ offices.
• Execute any other tasks as instructed by the divisional head and managers’ as and when required.

QUALIFICATIONS

Job requirements

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

• a Grade 12 certificate and a Secretarial Diploma; and
• a minimum of six to eight years’ experience in a corporate personal assistant or equivalent role with a minimum of two years’ experience in a financial services environment.

Additional requirements include:

• knowledge of and skill in
•  industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• computer literacy;
• clerical and administration;
• verbal and written communication skills;
• planning and organising skills; 
• attention to detail;
• ability to work under pressure;
• problem-solving skills;
• adaptability;
• organisational awareness;
• building and managing relationships; and
• drive for results.

Analyst -FinSurv

JOB DESCRIPTION

Brief description

The main purpose of this position is to develop solutions for analysing trends, identifying risks associated with cross-border flows and provide information to relevant stakeholders, to ensure compliance with the Exchange Control Regulations and relevant legislation as well as to support policy formulation within the South African Reserve Bank (SARB).

Detailed description

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

• Develop analytical solutions using cross-border data flows and produce statistical reports and management information covering compliance and risk. 
• Highlight risk problems and challenges based on analysis and facilitate internal meetings to review these and develop recommendations for the reporting entities.
• Design risk based analytical solutions contributing to onsite inspections by providing reporting entities information on risk focused areas.
• Collect and integrate data from various sources on, inter alia, regulatory, central banking and financial sector ecosystem trends.
• Build and manage the infrastructure (e.g. frameworks, algorithms, models, tools and systems) that supports information management, advanced analytics, knowledge transfer, share information and provide training to staff members and other Central Banks.
• Conceptualise and conduct advanced statistical analysis (e.g. data science analytics, visualisation, predictive modelling) to provide proactive and actionable strategy intelligence and insights for the Department.
• Research and identify related trends in advanced analytics in peer organisations and similar industries for the purpose of benchmarking for a specific risk type.
• Collaborate with colleagues in the SARB’s advanced analytics function to ensure alignment and knowledge-sharing with regard to practices, processes, methods, tools, frameworks and techniques.
• Create, maintain and ensure quality assurance of key data assets, reports and metrics.
• Stay abreast of legislative changes, theoretical and applied developments in the field of statistical specialisation and make specific proposals on how developments might be applied to improve current practices.

QUALIFICATIONS

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

• a Honours degree in Statistics, Mathematics, Econometrics, Actuarial Science or equivalent NQF level 8 qualification; and
• five to eight years’ relevant experience in performing reporting and advanced data analytics, preferably within the financial sector environment.

Additional requirements include:

• knowledge of software applications and systems such as SAS, SQL, Python, R, SharePoint, Power BI;
• SAS programming certification will be an advantage;
• Knowledge in building and maintaining advanced analytics models;
• knowledge of the Exchange Control Regulations and exchange control policies;
• strong knowledge of data querying programming languages;
• competence in Microsoft (MS) Office packages (e.g. Excel, Word, PowerPoint); 
• continued learning and/or professional development knowledge and skill;
• proficiency in verbal and written communication skills (including presentation and report writing skills);
• developing and growing others;
• drive for results;
• impact and influence;
• resilience; 
• planning and organising;
• judgement and decision-making;
• building and maintaining relationships; and
• conceptual thinking.

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.

Manager: Programme Management Office

JOB DESCRIPTION

Brief description

The main purpose of this position is to manage the Corporate Services Department’s (CSD) Programme Management Office (PMO), ensuring a consistent and professional approach to construction projects and programmes within the South African Reserve Bank (SARB).

Detailed description

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

• Lead the PMO, ensuring effective resource planning and management in order to maintain appropriate levels of professionalism in the delivery of construction projects and programmes.
• Establish and maintain the project management strategies and methodology (including terms of reference and framework) based on best practice, thereby ensuring continuous improvement. 
• Define and embed project controls, governance and reporting thereof.
• Provide process guidance for programmes and projects and facilitate governance structures.
• Act as the custodian of corporate real estate project management, serving as the central point of contact for project governance, documentation, information and stakeholder management.
• Fulfil the line management function pertaining to development and performance of the PMO team.
• Track the progress of projects according to the prioritisation plan, management of information, financial reporting and resource planning. 
• Ensure successful implementation of the PMO’s strategy, responsibilities, services and deliverables. 
• Oversee the development of governance frameworks and standards for the PMO.
• Oversee project costs and ensure finances are well managed.
• Oversee financial reporting while ensuring that the programme and projects adhere to the corporate financial processes. 
• Oversee the management of cross-programme dependencies. 
• Perform a quality assurance role in line with defined PMO processes.
• Oversee project closure and ensure that lessons learned are logged. 
• Manage the performance and development of the team.

QUALIFICATIONS

Job requirements 

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

• a Bachelor degree (NQF7) in the Built Environment, Construction Project Management, Quantity Surveying or an equivalent qualification; and
• 8‒10 years of experience in project management environment, of which at least 5 years in managing a PMO

Additional requirements include:

• project and programme management; 
• contract management; 
• project legislation and governance, risk and compliance; 
• project benefits realisation; 
• project risk management; 
• project information management; 
• project reporting; and 
• project financial management.

Trade Settlement Officer

JOB DESCRIPTION

Brief description 

The purpose of this position is to provide day-to-day operational supervision in the Domestic Trade Settlement area and to support and assist the Foreign Exchange section of the Trade Settlement area within the Financial Markets Department (FMD) of the South African Reserve Bank (SARB).

Detailed description 

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

• Lead the team and reinforce positive working relationships with team members.
• Carry out people management responsibilities including the performance management of staff.
• Supervise and monitor trade flows from trade execution to settlement, while ensuring that all controls to mitigate any risks are adhered to.
• Check and authorise all instructions related to government bonds and money market instruments.
• Support the team with committing to trades timeously to meet bond settlement runs.
• Assist with the lodging of collateral. 
• Assume full responsibility for formalised and day-to day operational risk management as well as internal control in the Trade Settlement area.
• Ensure that Strate rules and directives are adhered to.
• Review all the procedure manuals and ensure they are updated annually.
• Oversee ad hoc internal and external client queries.
• Prepare reports and assist with streamlining the work of the domestic team. 
• Maintain operational relationships with clients and counterparties.
• Participate in ad hoc projects.
• Encourage collaboration and be innovative. 

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• a degree (NQF 7) in Finance or Commerce or an equivalent qualification; and
• five to eight years’ settlements and/or accounting experience.

Additional requirements include: 

• an in-depth understanding and knowledge of the domestic financial market instruments and the inherent risks involved;
• working knowledge of domestic systems (e.g. Flexcube, SWIFT, SAMOS);
• being customer centric;
• proficiency in Microsoft Office products;
• proven capacity to multitask, deliver results and respond quickly and effectively to requests;
• a willingness to occasionally work overtime in the event of a settlement issue or query;
• demonstrated ability to supervise a diverse team;
• excellent interpersonal and communication skills; and
• a high degree of self-motivation.

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.

Economist, Senior Economist, Lead Economist

JOB DESCRIPTION

Brief description

The Economic and Climate-related Research Unit within the Economic Research Department is looking to fill research positions at different levels. The unit is responsible for the management of the South African Reserve Bank’s (SARB) research agenda and working paper series, and the provision of research to support policy making within the SARB. The unit’s outputs are often published in local and international journals and referenced in the local media.

Detailed description

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

• Work with senior managers to develop an economic research programme. 
• Lead and/or contribute to research and analysis in support of economic policy formulation in the SARB. (Please refer to the research agenda, which outlines the department’s current research themes:
  https://www.resbank.co.za/en/home/what-we-do/research/ResearchAgenda).
• Lead and/or contribute to the production of the SARB’s flagship publications, such as the Monetary Policy Review.
• Draft economic reviews, analyses and reports on short-term economic issues and activity in the South African and global economy.
• Prepare and make presentations to senior management, the Monetary Policy Committee and external forums, when required.
• Work independently and proactively to produce high-quality and policy-relevant outputs.

The following performance areas will apply to more senior positions:

• Contribute to the development of a strong team.
• Conduct performance appraisals of team membersand provide input into the overallperformance evaluations, where applicable.
• Improve workflow, optimise and manage human resources, and ensure the implementation of the department’s operational plan.
• Lead and/or participate in internal and external stakeholder engagements, with the abilityto solicit information and deliver a coherent and convincing message.
• Mentor other economists

QUALIFICATIONS

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

• a master’s degree in economics or an equivalent postgraduate qualification (a PhD would be an added advantage); and
• a minimum number of years’ work experience in a policy or a financial institution, as follows: 
  Economist ‒ 5 years; Senior Economist ‒ 8 years; Lead Economist ‒ 12 years. 

Additional requirements include:

• excellent verbal and written communication skills in English;
• strong analytical skills;
• innovation and problem-solving skills;
• ability to pay attention to detail;
• continuous learning/professional development knowledge and skill;
• a drive for results;
• strategic thinking skills;
• managing complexity and ambiguity;
• planning and organising skills;
• resilience;
• building and maintaining relationships (working well in teams)

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.

Applications Technical Specialist (CODI) 

JOB DESCRIPTION

Brief description

The main purpose of this position is to support, maintain and enhance the Business Solutions and Technology Department’s (BSTD) applications to ensure systems availability, health and optimal performance.

Detailed description

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

• Support the BSTD applications by monitoring the underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal performance.
• Maintain the BSTD applications by applying corrective measures (e.g. patches, upgrades, bug fixes).
• Proactively monitor all application upgrades, new releases and product replacements which would affect the assigned application.
• Configure the application infrastructure to ensure optimal performance and install new features to enable new functionality.
• Investigate and resolve technical issues of a medium to high complexity by interacting with users, developers and other stakeholders on allocated applications.
• Provide reporting and recommendations on solution performance and system availability to senior management and relevant stakeholders. 
• Proactively manage business and stakeholder relationships with respect to application support.
• Keep abreast of best practices and technologies related to BSTD and ensure the application thereof, where relevant.
• Impart knowledge of the technical environment to the system development team.
• Maintain compliance to security and application standards.

QUALIFICATIONS

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

• a Bachelor’s degree in Computer Science (NQF 7), Information Management/ Information Technology or an equivalent qualification;
• six to eight years’ experience in supporting, maintaining and enhancing information technology (IT) business applications; and 
• three years’ experience in working with .net frameworks, Redhat Enterprise, Apache, Tomcat and JDK technologies environments;

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• business continuity and planning;
• IT enablement planning;
• IT transformation and innovation;
• release management;
• application design, configuration and development;
• application support and maintenance;
• Infrastructure design and development;
• systems integration;
• workload estimation; and 
• technical analysis.

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.

Lesego Ramokgali

Strategic People Resourcing Consultant

Human Resources Department

Applications Functional Specialist (CODI)

JOB DESCRIPTION

Brief description

The main purpose of this position is to provide functional support to the South African Reserve Bank’s (SARB) Core Banking applications, with a focus on business analysis, testing and general functional support.

Detailed description

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

• Provide application functional support to the Corporation for Deposit Insurance (CODI) applications for users in the SARB Group, namely the SARB and its subsidiaries.
• Drive business analysis initiatives for CODI applications enhancements, from the initiation to the implementation of projects.
• Facilitate workshops and consult with business owners and other stakeholders with regard to problem definition and the identification of business requirements/needs.
• Review business processes and procedures, analyse business requirements/needs and associated data, and identify possible solutions.
• Expand the scope and feasibility of solutions and develop the supporting business cases.
• Facilitate user requirement management throughout the system development life cycle. 
• Manage stakeholder relationships to ensure the delivery of high-quality service and fit-for-purpose solutions.
• Develop systems training material and training plans, and present training courses in support of new application functions.

QUALIFICATIONS

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

• a Bachelor’s degree (NQF 7) in Information Technology or an equivalent qualification; and
• five to eight years’ experience in applications and functional and business analysis within the implementation and/or support environments of application. 

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• business transformation and optimisation; 
• elicitation techniques;
• business analysis practices, methodology and tools;
• realisation and testing practices; and
• IT domain management. 

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.

Lesego Ramokgali

Strategic People Resourcing Consultant

Human Resources Department

Senior Macroprudential Specialist (Climate Change)

JOB DESCRIPTION

Brief description

The main purpose of this position is to conduct high-quality research and analyses, and to understand the implications of climate-related risks on the South African Reserve Bank’s (SARB) financial stability mandate and inform macroprudential policymaking. 

Detailed description

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

• Lead research projects in close collaboration with relevant SARB sectoral specialists, external academic research fellows and other financial institutions and regulators on the implications of climate change for financial stability globally and domestically.
• Identify emerging international and domestic issues and topics that may negatively impact financial stability in South Africa and conduct research on potential macroprudential tools to address such risks.
• Provide reliable economic and financial analyses on climate-related risks and policy changes that hold policy implications for the SARB.
• Support the delivery of the financial stability and macroprudential objectives of the SARB’s climate change programme.
• Develop appropriate policy recommendations based on high-quality research and analysis.
• Present the results of research conducted to senior stakeholders, both within and external to the SARB. 
• Perform ongoing research to benchmark the SARB’s approach to monitoring the potential systemic risks arising from climate change and propose refinements to the SARB’s methodological approach to ensure the SARB’s framework for monitoring domestic financial stability remains relevant and fit for purpose.
• Draft relevant, high-quality contributions for inclusion in the SARB’s biannual Financial Stability Review publication. 
• Build and maintain key stakeholder relationships, both within and outside of the SARB.
• Assist and provide input related to the project-based performance assessment of team members.
• Prepare briefings and presentations on financial stability to the senior management of the SARB, the Financial Stability Committee, statutory committees as well as external stakeholders, the media and other public forums.
• Effectively apply emerging knowledge in own field of expertise, prepare case studies, run seminars for colleagues and mentor junior staff.
• Draft high-quality briefing and speaking notes for senior management to ensure appropriate and consistent policy positions are communicated at relevant domestic and international forums.
• Respond to questionnaires, surveys and other ad hoc requests from internal stakeholders, international standard-setting bodies and other stakeholders to inform and support the SARB’s policy positions communicated at local and international forums.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must:

• be in possession of a Master’s degree in Economics or a related field (a PhD would be highly advantageous); and
• have a minimum of eight years’ work experience in an economic policy environment or a financial institution. 

Additional requirements include:

• a track record in policy analysis, research, report writing and the dissemination of good practices in an economic development context;
• thorough knowledge and understanding of the global debate on climate change;
• understanding of climate risk stress testing;
• excellent interpersonal and communication skills in both verbal and written English;
• work independently as well as within a team/project environment;
• original thinker with strong initiative and drive;
• ability to pay attention to detail;
• ability to network and engage professionally with stakeholders;
• task-oriented with time-management skills to operate in a deadline-driven environment;
• knowledge of central banking;
• analytical skills;
• presentation skills;
• innovative problem-solving skills; and
• ability to operate with the highest level of ethics and integrity.

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.

Data Steward

JOB DESCRIPTION

Brief description

The purpose of this position is to act as a Data Steward and provide support to the information management function in the management and oversight of data and information assets in order to provide Prudential Authority (PA)business with high-quality and consistently accessible data and information. 

Detailed description

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

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Create and maintain business metadata for published data sources to ensure that it is easily discoverable and meaningful to information consumers.
• Create and maintain consistent metadata in a manner that allows for clear and unambiguous data definition and meets all legislative, quality and security requirements.
• Acquire new data sources in order to enable more effective departmental decision-making.
• Prepare relevant data for appropriate consumers in the PA and for relevant stakeholders, and monitor the published data sources for usage, relevance and quality feedback.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry
•  Ensure consistency in data usage across various systems.
• Proactively identify and resolve data integrity and quality issues.
• Stay current with developments in all the functional areas relevant to information management, and ensure appropriate application thereof.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must possess:

• the minimum of a Bachelor’s degree in Information Technology (IT), Computer Science or Mathematics; and 
• the minimum of 5–8  years of experience in a relevant environment (e.g. master data management or data governance).

The following would be an added advantage: 

• relevant certifications (e.g. being qualified as a Certified Data Steward).

Additional requirements are as follows:

• Enterprise Information Management (EIM) legislation and governance as well as risk and compliance knowledge and skill;
• EIM reporting knowledge and skill;
• information governance knowledge and skill;
• data security knowledge and skill;
• reference and master data knowledge and skill;
• metadata management knowledge and skill;
• data quality management knowledge and skill;
• competence in Microsoft (MS) Office software packages (e.g. MS Excel, MS Word and MS PowerPoint);
• proficiency in verbal and written communication, including presentation and report-writing skills; and
• continuous improvement knowledge and skill.

Job-related skills and attributes:

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

Divisional Head Conglomerate Supervision

JOB DESCRIPTION

Brief description                                                                                                                

The primary objective of this position is to provide strategic direction and managerial leadership to the supervision of large complex financial groups, financial conglomerates and designated systemically important financial institutions (SIFIs), and to ensure the financial soundness and sound governance of the institutions under his/her supervision.              

Detailed description

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

• Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision. 
• Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
• Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
• Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
  • Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs; 
  • Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division; 
  • Identify, assess and escalate key risks, and react to key indicators of risks within the department;
  • Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division; 
  • Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
  • Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
• Manage the operationalization and implementation of decision-making frameworks, protocols and procedures; 
• Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
• Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
• Manage the performance and development of direct reports;
• Create a performance culture in the division; and
• Coach and manage the career development of employees in the division.

QUALIFICATIONS

Job requirements

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

• at least a Postgraduate Degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
• at least ten 10 – 12 years’ experience in the insurance sector or insurance-related supervision
• five (5) years in a senior management position with people management responsibilities.

Additional requirements include:

Job related knowledge:

• General management;
• The financial sector, specifically insurance and the securities industries;
• Financial management;
• Corporate governance and risk management practices and standards;
• The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles; 
• The Solvency Assessment & Management (SAM) Framework;
• The Basel III Capital Framework; and 

Job related skills and attributes:

• Analysis and problem solving; 
• Planning and organising;
• Communication (verbal and written);
• Financial and business acumen;
• Attention to detail; and
• Confidentiality. 

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

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

Click here to apply

All the best with your applications.