(1646) Senior Financial Markets Specialist - FMD at South African Reserve Bank

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

• Benchmark administration, monitoring and analysis
• Monitor and analyse the performance, representativeness and robustness of designated benchmarks and reference rates.
• Contribute to the administration of SARB benchmarks and ensure the timely calculation and publication of designated benchmarks and reference rates.
• Design, review, and maintain benchmark governance frameworks, including methodologies, controls, and accountability arrangements
• Ensures that methodologies applied comply with local and international standards
• Collaborate with other specialists across the SARB to implement technological infrastructure solutions for benchmarks and analytics.
• Prepare analytical notes, charts, dashboards and briefing material for senior management and the Reference Rate Oversight Committee.
• Financial market structure reforms
• Contribute to working groups and committees focused on market structure reforms, including market transitions to alternative reference rates.
• Coordinate with relevant regulators and industry bodies to facilitate market transitions.
• Prepare SARB position papers, presentations, speeches and industry papers on issues related to market structure and functioning.
• Market functioning – research, analyses and innovation
• Monitor and assess the functioning of money, bond, foreign exchange markets and related derivatives.
• Analyse liquidity conditions, pricing anomalies, market fragmentation and transmission of monetary policy.
• Identify market frictions, stress signals and structural changes affecting market efficiency.
• Work with large financial datasets to develop indicators of market conditions, market stress, and market dysfunction. 
• Support automation, data visualisation and analytics initiatives to improve market monitoring and operational efficiency.
• Engage market participants, infrastructure providers, industry bodies and other relevant stakeholders to gather market intelligence
• Contribute to the learning and development of junior specialists.
• Quality assures and integrates analysis and reports submitted by other Financial Market Specialists
• Assist with committee administration. 
• Leads initiatives in support of department’s objectives and perform ad hoc tasks.

Job requirements

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

• an Honours degree (NQF8) in Economics, Finance, Statistics, Data Science or an equivalent combination of education and job-related experience; and 
• at least 8 to 10 years’ work experience in financial markets.