(1713) Executive – Currency Cluster - ExMan at South African Reserve Bank

Detailed description

The successful candidate will report to a Deputy Governor and be responsible for the overall management and strategic direction of the Currency Cluster of the SARB.

The key performance areas include the following: 

• Oversee the strategic and operational effectiveness of the Currency Cluster, which entails planning and distributing currency within South Africa, protecting the SARB’s staff and assets, and integrating key value-chain activities to ensure strategic alignment across the operations of the SARB Group entities regarding currency and security management.
• Direct the corporate initiatives linked to the cluster’s strategies and communicate their implications to the cluster’s heads of department and managing directors for implementation.
• Review and coordinate annual operational plans, risk matrices and budgets for the financial year, including staffing and structural changes in the departments and subsidiaries within the cluster.
• Facilitate the development and implementation of integrated policies and procedures to drive the execution of the organisational strategy and ensure the operational effectiveness of the cluster.
• Review financial statements, activity reports and performance data to measure the achievement of goals and enhance operational effectiveness and efficiencies.
• Report on the progress status of the cluster to the GEC on a regular basis and seek endorsement or approval for the implementation and resourcing of programmes within the cluster.
• Lead the negotiation of major contracts and agreements with suppliers and service providers in line with the SARB’s procurement and budget policies as well as its delegation of authority.
• Provide assurance to the GEC on the cluster’s impact on the cash industry and SARB Group entities, including the financial and organisational implications thereof.
• Ensure that all risks associated with the cluster’s activities are identified, assessed and appropriately mitigated.
• Manage performance, build commitment of direct reports, and ensure that the cluster has the skills and talent to support long-term sustainability and organisational performance.
• Build the SARB’s capacity to produce profitability for other countries.
• Ensure that the SARB’s currency-producing subsidiaries operate at globally competitive levels.

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

• a minimum of a postgraduate qualification (NQF 8, 9 or 10) in Business Management, Finance or Economics, or an equivalent combination of education and job-related experience; and
• a minimum of 13–15 years of experience at an executive level, with at least 5 years in a senior or strategic management role.

Additional requirements include:

• executive management disposition;
• skills and experience in strategy development and implementation, corporate governance, risk management and compliance, financial management and quality management;
• knowledge of human resources policies and procedures;
• knowledge of relevant legislation;
• strong leadership qualities, with the ability to work well under pressure and resolve conflict effectively;  
• problem-solving and analytical skills;
• strategic decision-making abilities and the ability to drive execution;
• innovation and solution-driven approach;
• excellent verbal and written communication skills in English, with the ability to communicate and interact professionally at all levels, both internally and externally;
• excellent interpersonal skills, with the ability to build cross-departmental relationships;  
• demonstrated experience in persuading and influencing stakeholders appropriately; and an understanding of the workings of the SARB and proven operational effectiveness.