Current Jobs at South African Reserve Bank

Brief description

The main purpose of this position is to provide cyber and information security (CIS) assurance to the South African Reserve Bank (SARB) Group through the oversight of third-party relationships and system development activities. 

Detailed description

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

• Plan and coordinate third-party, product and project CIS assessments across the SARB Group, considering the changing threat landscape and initiatives.
• Define the security requirements to be incorporated in the overall assurance approach for third parties and new solutions.
• Develop a standard approach to ensure the SARB executes its responsibilities in assuring the security of third parties and new solutions.
• Develop and maintain the security elements within the system development life cycle (SDLC) and third-party security assurance methodologies to ensure that CIS threats are managed.
• Manage third-party relationships in the provision of CIS assurance to the SARB Group.
• Ensure third-party providers and system development activities comply with the required governance requirements, in a way that ensures that CIS is maintained. 
• Take responsibility to ensure industry practices and changes are maintained and incorporated in own functional area.
• Provide reporting on the CIS assurance status of third-party and systems development.
• Engage with stakeholders across the SARB Group at different levels of seniority, displaying the ability to solicit information as well as convey and explain information fluently.

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor’s degree (NQF 7) in Security or Information Technology, or an equivalent qualification;  
• a cyber security certification (would be an added advantage); and
• a minimum of five to seven years of experience in an information technology environment, of which two years should be within a CIS environment.

Additional requirements include:

• knowledge of third-party supplier management;
• knowledge of leading cyber security best practice;
• understanding and knowledge of relevant legislation;
• understanding of information technology trends;
• service and stakeholder focus;
• effective communication skills;
• impact and influence; 
• drive for results;
• problem-solving and analytical skills;
• ability to work in a team;
• planning and organising skills;
• developing and managing relationships;
• conceptual thinking; and
• resilience.

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Brief description

The main purpose of this position is to enable the Prudential Authority (PA) to discharge its supervisory responsibilities impacted by accounting and auditing matters. The incumbent will lead a team of specialists responsible for providing specialist knowledge, skills and experience in the fields of accounting and auditing

Detailed description

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

Team leadership 

• Provide strategic direction, technical assistance and guidance to a team of analysts.
• Manage the team’s deliverables, including work plans, resource allocation and management, processes and systems as well as change and innovation.
• Manage the team’s performance.
• Manage talent, including the learning and development of team members and succession planning.

Technical support 

• Monitor the development of all relevant accounting and auditing standards, both locally and internationally, such as the International Standards on Auditing (ISA), International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS). 
• Review pronouncements by the International Accounting Standards Board (IASB), International Auditing and Assurance Standards Board (IAASB), the Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS) as they pertain to the industry. 
• Review, analyse  and evaluate banks’ and insurers’ implementation readiness and internal assessment of the impact of accounting developments (e.g. IFRS 17). 
• Provide technical support on accounting and auditing matters to the relevant PA representatives on both local and international committees or forums, such as the BCBS and its subcommittees, the Accounting Experts Group, the Committee for Auditing Standards (CFAS) under the Independent Regulatory Board for Auditors (IRBA), and the South African Institute of Chartered Accountants (SAICA) Banking Project and Insurance Project groups. 
• Represent the PA on some of the above-mentioned committees or forums. 
• Provide guidance on matters of interpretation to staff within the PA for them to fulfill their supervisory duties or to the internal Policy Committee on specific policy making matters relating to accounting and auditing. 
• Engage with external auditors on industry developments pertaining to banking and insurance. 
• Assist in developing analytical methods to analyse and interpret financial data submissions. 
• Contribute to international surveys and impact studies conducted by the BCBS or any other related bodies. 
• Provide  support with regard to the PA’s approval of auditors in terms of relevant legislation. 
• Inform the PA of the aggregate behaviour of regulated entities

Regulation 

• Provide research on, and input into, the regulatory framework for banking and insurance (from an accounting and auditing perspective). 
• Ensure alignment of the financial regulatory returns to IFRS requirements, where applicable. 
• Assess the impact of amendments to accounting and auditing standards on the regulatory framework. 
• Draft industry guidance, prudential standards, prudential communications and other regulatory instruments on accounting and auditing matters affecting regulated institutions. 

Training 

• Ensure widespread cognisance and understanding of the concepts and developments in accounting and auditing throughout the PA. 

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• a Chartered Accountant (SA) qualification; 
• six years’ post-articles experience;
• strong knowledge of IFRS;
• eight to ten years’ experience in the financial services, banking, insurance or financial risk management; and 
• two to three years  proven experience in managing a team.

The following would be an added advantage: 

• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) certification or a Master’s degree in Accounting and/or Auditing; 
• knowledge of the Basel framework and/or the Solvency Assessment and Management (SAM) framework at both a theoretical and practical level; and 
• practical experience in the banking and/or insurance regulatory environment. 

Additional requirements include: 

• knowledge of, and experience in, the banking and/or insurance system, financial and banking products and relevant regulations, with particular emphasis on accounting/ auditing matters relating to banks and insurance entities; 
• an understanding of developments regarding the accounting and auditing standards; 
• being a self-starter and able to function independently and proactively; and
• proficiency in verbal and written communication.  

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Brief description

The main purpose of this position is to provide food preparation and cooking services in all sections of the kitchen, under the guidance and supervision of the Hospitality Services Coordinator, within the Johannesburg Cash Centre of the South African Reserve Bank (SARB). 

Detailed description

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

• Plan and perform tasks against work plans as defined by the team leader. 
• Identify, evaluate and solve defined, routine and new problems within a familiar context, applying solutions based on relevant evidence and procedures while demonstrating an understanding of the consequences. 
• Prepare and cook quality food items which includes, but is not limited to, salads, baked foods, refreshments and so forth, as per an approved menu. 
• Provide support to the Hospitality Services Coordinator where required, including, but not limited to, stock management, cleaning, department administration, scullery duties and procurement, which includes the ordering of ingredients required for food preparation.
• Assist with serving lunch to staff members and manning the  pay points.
• Adhere to hygiene, health and safety standards in the kitchen, as well as the Hazard Analysis Critical Control Points (HACCP) and ISO 22000 (Food Safety Management) standards.
• Engage positively with stakeholders and customers, including handling customers’ complaints and compliments.
• Address any gaps in own performance of tasks and activities against the required standards.

QUALIFICATIONS

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

• a Grade 12 certificate or an equivalent qualification; and
• one to two years’ experience in a culinary and catering environment.

The following would be an added advantage:

• a certificate in food preparation or an equivalent certification. 

Additional requirements include:

• hospitality services reporting;
• industry, organisational and business awareness knowledge and skill; 
• quality assurance experience; 
• continuous improvement;
• continued learning and/or professional development; 
• hospitality services programme enrolment;
• health and safety knowledge;
• hospitality services delivery skills;
• hospitality services utensils, tools and equipment usage skills; and
• hospitality services administration experience.

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Brief description

The main purpose of this position is to provide food preparation and cooking services in all sections of the kitchen, under the guidance and supervision of the Hospitality Services Coordinator, within the Durban Cash Centre of the South African Reserve Bank (SARB). 

Detailed description

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

• Plan and perform tasks against work plans as defined by the team leader. 
• Identify, evaluate and solve defined, routine and new problems within a familiar context, applying solutions based on relevant evidence and procedures while demonstrating an understanding of the consequences. 
• Prepare and cook quality food items which includes, but is not limited to, salads, baked foods, refreshments and so forth, as per an approved menu. 
• Provide support to the Hospitality Services Coordinator where required, including, but not limited to, stock management, cleaning, department administration, scullery duties and procurement, which includes the ordering of ingredients required for food preparation.
• Assist with serving lunch to staff members and manning the pay points.
• Adhere to hygiene, health and safety standards in the kitchen, as well as the Hazard Analysis Critical Control Points (HACCP) and ISO 22000 (Food Safety Management) standards.
• Engage positively with stakeholders and customers, including handling customers’ complaints and compliments.
• Address any gaps in own performance of tasks and activities against the required standards.

QUALIFICATIONS

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

• a Grade 12 certificate or an equivalent qualification; and
• one to two years’ experience in a culinary and catering environment.

The following would be an added advantage:

• a certificate in food preparation or an equivalent certification. 

Additional requirements include:

• hospitality services reporting.
• industry, organizational and business awareness knowledge and skill. 
• quality assurance experience; 
• continuous improvement;
• continued learning and/or professional development; 
• hospitality services programme enrolment;
• health and safety knowledge;
• hospitality services delivery skills;
• hospitality services utensils, tools and equipment usage skills; and
• hospitality services administration experience.

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JOB DESCRIPTION

The main purpose of this position is to deliver high-quality work efficiently and effectively in order to meet internal and external client expectations. The candidate will be expected to oversee junior and senior Financial Markets Specialists who conduct financial markets research as well as policy-related research and analysis to guide and support various policy committees within the South African Reserve Bank. 

The Lead Specialist will also oversee various projects in the Market Operations and Analysis Division in support of further development of financial markets and the implementation of monetary policy. In addition, the candidate will be expected to stay abreast of financial markets developments and provide accurate market information, commentary and recommendations on a regular basis.

Detailed description

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

• Lead qualitative and quantitative research and analysis, integrating the work of more junior and senior financial markets specialists and providing a comprehensive analysis of short- and long-term financial market developments within the South African economy and across major advanced and emerging market economies.
• Lead strategy projects and the development of policy frameworks.
• Conduct high-quality and relevant short- and long-term research, analyses and interpretation of financial markets in support of the formulation and implementation of monetary policy and for financial stability purposes.
• Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
• Provide technical guidance and ensure the transfer of knowledge and skills to junior specialists.
• Write keynote speeches for the senior executives of the SARB.
• Lead team engagements to interrogate and reconcile data, findings, insights, explanations and recommendations from research and analyses.
• Make recommendations on the markets, monetary policy and regulatory frameworks, and produce reports and briefings for final approval.
• Quality assure and integrate analyses and reports submitted by other financial markets specialists and provide feedback.
• Lead initiatives within own area of expertise in support of departmental objectives.
• Recommend improvements in methodologies relevant to own area of specialisation, while ensuring that methodologies comply with local and international standards.
• Make presentations to senior forums of the SARB (e.g. Monetary Policy Committee and Financial Stability Committee).
• Represent the SARB at official external forums and meetings that fall within the area of specialisation (e.g. Monetary Policy Forum, Money Market Subcommittee), including speaking at/presenting research at conferences and seminars.
• Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
• Define the learning agenda for the Market and Policy Analysis Unit in conjunction with other senior financial markets specialists in the department.
• Provide job-related coaching for newcomers to formally guide them through the roles and functions of the business area and department.

QUALIFICATIONS

Job requirements

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

• a Masters degree in Economics or Finance, or an equivalent combination of education in the required field and job-related experience; and
• eight to 10 years’ experience in the financial markets or related environment.
• A proven track record in managing projects, including research projects, will be an added advantage. 

Additional requirements include:

knowledge and skill in:

• analytical and conceptual thinking;
• the Microsoft Office suite, with expert knowledge of MS Excel;
• advanced mathematical, statistical or econometric modelling;
• effective communication (verbal and written);
• report writing;
• research methodology;
• planning and organising; and
• decision-making;
• interpersonal skills;
• presenting skills;
• leadership skills;
• being a team player;
• integrity;
• building and maintaining relationships;
• impact and influence; and
• innovation and creativity.

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Brief description

The main purpose of this position is to manage and coordinate the resources in support of current operations and the delivery of new information technology (IT) solutions for the Corporate Services area of the South African Reserve Bank.

Detailed description

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

• Manage operational planning by developing short-term work plans in line with the Business Solutions and Technology Department (BSTD) strategy and business plans as well as communicate on the division’s activities.
• Manage and improve the workflow and application of processes, procedures and systems.
• Provide advice on the refining of policies, processes and systems and improve the alignment with related divisional processes and systems.
• Manage and facilitate the delivery of division-specific outputs, including the timeous delivery of projects and the readiness of solutions to transition into operations.
• Optimise resource use in the division, allocate work, manage the accountability of resources and provide input into cost management.
• Manage stakeholder relationships to ensure the timeous delivery of quality IT solutions in accordance with business requirement specifications. 
• Identify gaps and inefficiencies (including governance and the management of risks and audit findings) in the work of the division and take specific actions for the implementation of improvements.
• Manage, monitor, evaluate and report on the quality, turnaround and impact of the division’s deliverables.
• Encourage a performance culture in the division, define performance expectations and conduct effective performance management of direct reports. 
• Drive priority development for employees by promoting and supporting career management and the development of direct reports.
• Drive innovation and implement the necessary changes to improve application processes and systems to align with global best practices.
• Execute the IT strategy within the division.
• Drive the transformation of the Corporate Services systems through implementation and maintenance of a secured and high-availability solution.

QUALIFICATIONS

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

• an Honours degree in Computer Science (NQF 8) or an equivalent qualification; 
• eight to 10 years’ experience in an IT environment; and
• three years’ experience in managing corporate service solutions (i.e. printing management, workspace management, payment and stock management, parking management, etc.) 

Additional requirements include:

• technical background in an appropriate area (e.g. software development, infrastructure or integration); and

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• business continuity planning;
• systems integration;
• systems specialisation;
• IT governance, risk and compliance;
• collaboration;
• integration testing;
• business relationship management;
• IT enablement reporting, financial management, information management and project management; and
• capacity and performance management.

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Brief description

The main purpose of this position is to drive the improvement of data governance and security maturity levels within the South African Reserve Bank (SARB) Group to support reliable decision-making, appropriate data usage and the protection thereof.

Detailed description

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

• Conduct an assessment on data governance and security maturity levels within the SARB Group against best practices.
• Develop standards, guidelines, processes, procedures for data governance and security within the SARB Group.
• Develop and promote data governance and security awareness across the organisation to ensure the appropriate usage of business information.
• Contribute towards the development of the SARB data strategy and monitor the data strategy progress. 
• Define data governance and security measurement and metrics to support reliable decision-making and appropriate data usage.
• Monitor, measure and report on the data stewardship levels to ensure the appropriate usage of data.
• Enable the improvement of data governance and security capability by developing relevant stakeholders in all aspects of data governance and security.
• Play an oversight role in the remediation of data governance and security issues.
• Play an oversight role in the development of a data security management plan.
• Develop and manage stakeholder relations effectively to promote data governance and security awareness across the organisation and support reliable decision-making and appropriate data usage.

QUALIFICATIONS

Job requirements

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

• a Bachelor’s degree in Computer Science, Management Information Systems, Computer Engineering or an equivalent qualification; and
• five to eight years’ experience in the field of data management. 

The following would be an added advantage:

• Relevant data governance and security certification (e.g. CDMP Associate). 

Additional requirements include:

Knowledge and skill in:

• Enterprise information management (EIM) strategy;
• EIM legislation and governance, risk and compliance;
• information governance;
• EIM reporting;
• industry, organisational and business awareness; and
• continued learning and/or professional development.