(449) Manager: Market Operations and Investments - FMD at South African Reserve Bank

Brief description

The main purpose of this position is to manage the Market Operations and Investments Unit in the Financial Markets Department (FMD), and provide technical expertise on all facets of the domestic market operations to ensure:

• the effective implementation of monetary policy by the South African Reserve Bank (the Bank);
• the prudent management of the Corporation for Public Deposits’ (CPD) and Corporation for Deposit Insurance investment (CODI) portfolios;
• efficient funding operations for government; and 
• management of projects related to the domestic market operations and domestic financial market development.

Qualifications

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

• Manage and lead the Market Operations and Investments Unit. 
• Manage the quality of deliverables and workflows in the value chain.
• Manage the performance and support career development of staff.
• Ensure sufficient depth of knowledge and skills and clear succession planning.
• Provide meaningful input into FMD’s strategic plan in line with the Bank’s strategy.
• Communicate and implement the vision and strategic goals of the department and the Bank.
• Develop and compile the Market Operations and Investment Unit’s operational plans and budgets in line with those of FMD and the Bank as well ensure the implementation, monitoring and reporting thereof.
• Identify and mitigate risks related to the Market Operations and Investment Unit’s functions by ensuring compliance with relevant governance frameworks and contribute to departmental risk assessments.
• Oversee the smooth implementation of monetary policy as well as operations associated with the Bank’s role as a funding agent for government.
• Oversee the prudent investment of the CPD and CODI funds in line with the investment guidelines and other relevant policies.
• Ensure that the functions of the Market Operations and Investment Unit are in line with global best practices.
• Represent the FMD in various internal and external committees. 
• Build and maintain internal and external stakeholder relationships to drive market intelligence gathering and other FMD objectives.

Job requirements

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

• a minimum of an Honours Degree in Finance, Economics or an equivalent qualification;
• a minimum of 8 - 10 to years’ experience in financial markets, with at least three years in a leadership/ managerial role;
• knowledge of domestic and international money markets, and bond and foreign- exchange markets; and
• knowledge of research methodologies.
• A formal leadership/management qualification and/or Chartered Financial Analyst/Financial Risk Management will be an additional advantage.