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  • Posted: May 16, 2024
    Deadline: Not specified
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    The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought


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    (405) Corporate Governance - ExMan

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

    • Lead strategic thinking for the Company Secretariat’s corporate governance and regulatory compliance services to ensure that the SARB’s compliance with the requirements of the SARB Act, Banks Act 94 of 1990 (Banks Act), Companies Act 71 of 2008, King IV™ Report on Corporate Governance for South Africa, 2016, the Financial Sector Conduct Authority (FSCA), the Prudent Authority (PA), and the SARB’s governance policies, procedures and processes.
    • Develop a corporate governance and regulatory compliance framework and advise the Board and its committees in respect of procedural and compliance issues on statutory duties, obligations, powers and amendments of laws, regulations, rules, codes and standards affecting the SARB.
    • Assist in drafting the corporate governance report and reporting any failure to comply with such law or legislation and monitor remedial actions.
    • Prepare, administer, collate, analyse, report and monitor the implementation of corrective action in respect of compliance with the Banks Act.
    • Facilitate the certifying of the SARB Annual Report and financial statements after the approval by the Board.
    • Manage the share transfer system and register and transfer forms.
    • Facilitate the annual declaration of conflict of interest and personal interest and the reporting on disclosures.
    • Monitor updates and approvals of changes to policies, delegations of authority, terms of reference, Board charters and the memorandum of articles.
    • Facilitate the training and development of directors and the annual assessment to evaluate the Board and its committees. 
    • Assist with services relating to the appointment and remuneration of Board members.
    • Apply the provisions of the SARB Act and its regulations in all due processes.

    QUALIFICATIONS

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

    • a minimum of a Bachelor’s degree (NQF 7) in Law, Economics, Commerce, Accounting, Finance, Risk, Compliance or an equivalent qualification;
    • a minimum of 8 to 10 years’ relevant work experience; and
    • a Charted Governance Institute of South Africa qualification (for Chartered Secretaries) or relevant equivalent qualification (would be an added advantage).

    Additional requirements include:

    • industry, business and organisational knowledge and skill; 
    • quality assurance knowledge and skill;
    • continuous learning and/or professional development knowledge and skill;
    • company secretariat knowledge and skill;
    • knowledge of the SARB Act and regulations, policies and procedures framed in terms of the SARB Act;
    • knowledge of the Constitution Act 108 of 1996;
    • computer literacy skills;
    • knowledge of financial matters; and
    • managerial competencies.

    Method of Application

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