(718) Associate Analyst-Regional Settlement Services - NPSD at South African Reserve Bank

Detailed description

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

• Work as part of a team on project, change, operational and business analysis activities to develop and maintain the regional system.
• Assist in providing training and capacity building on the regional system.
• Support the more senior analysts at the South African Reserve Bank (SARB) in implementing, monitoring and reporting on service level agreements with participants, regional clearing and settlement system operators, and other stakeholders. 
• Assist with the development and maintenance of business procedures and processes relating to the regional system.
• Engage with system participants, regional clearing and settlement system operators, and other stakeholders.
• Perform basic testing on the regional system according to a system test framework.
• Monitor compliance and identify associated risks that may lead to non-compliance.
• Provide analytical support in the form of data analysis and modelling.
• Provide relevant reports.
• Develop business processes and procedures.
• Define solution requirements and assess possible solutions.
• Stay abreast of any changes to relevant analytical tools and methodologies, and apply these in the course of own work. 
• Assist the more senior analysts in providing support to participants, regional clearing and settlement system operators, and other stakeholders in the regional system.
• Participate in business continuity planning (BCP) testing and execution for participants and the regional system.
• Develop and maintain BCP processes to protect the regional system against the potential loss of critical business functions.

Qualifications

Job requirements

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

• the minimum of an Honours degree (NQF 8) in Economics, Financial Management or Information Technology (IT), or an equivalent qualification; and 
• the minimum of 2–5 years’ experience in banking, the financial industry or the payment system environment.

Additional requirements include:

• payment system knowledge;
• real-time gross settlement (RTGS) system knowledge;
• analytical skills;
• knowledge of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system messaging standards; 
• risk management knowledge;
• project management knowledge; and
• decision-making skills.