Current Jobs at South African Reserve Bank

Brief description

The purpose of the role is to act as an Associate Data Sourcing Methodologist under the supervision of the Data Sourcing Methodologist in designing and maintaining the implementation of data sourcing methodologies within Economic Statistics Department (ESD) to ensure data quality is maintained in the compilation process of economic statistics. 

Detailed description

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

• Assess and evaluate current data sourcing methodologies within ESD on an on-going basis; and where appropriate provide recommendations to the Data Sourcing Methodologist. 
• Continuously research data sourcing methodologies and frameworks in order to keep abreast of international standards.
• Provide support to the data sourcing methodologist in engagements with both internal and external stakeholders, through on-site visits and internal subject matter experts discussions and provide input in validating collection instruments and review business requirement specifications.
• Participate in the implementation of data sourcing methodologies under the instruction of the data sourcing methodologist to ensure that data quality standards are maintained.
• Draft project-based reports with respect to data sourcing methodologies, implementation, and data quality to ensure that data quality standards are maintained.
• Participate in relevant data management projects within the ESD based on the guidelines set by the data sourcing methodologist.
• Stay abreast with current data management methodologies and new developments in all knowledge areas and ensure supervised application thereof.

QUALIFICATIONS

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

• A minimum of a Degree in data science/statistics OR equivalent; and 
• A minimum of 1-2 years’ experience in a data sourcing environment.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• information management
• data integration and interoperability
• reference and master data knowledge 
• verbal and written communication skills;
• analysis and problem-solving; 
• ability to drive results;
• building and managing relationships;
• planning and organising 
• service and stakeholder focus;
• sound judgement and decision-making;
• innovation and creativity; and 
• impact and influence 

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Brief description

The main purpose of this position is to produce high-quality research that supports the South African Reserve Bank’s (SARB) financial stability mandate and informs macroprudential policymaking.

Detailed description

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

• Participate in research projects in close collaboration with the relevant SARB sectoral specialists, external academic research fellows as well as other financial institutions and regulators on topics of relevance to domestic financial stability.
• Contribute to the identification of emerging domestic and international issues and topics that may negatively impact on financial stability in South Africa and conduct research on potential macroprudential tools to address such risks. 
• Create and maintain a database of the SARB’s participation in domestic and international financial stability-related forums and synthesise common emerging themes and discussions drawn from such participation.
• Create and maintain a repository of the SARB’s policy positions communicated on financial stability-related matters in different forums to inform the departmental research agenda.
• Present research findings to departmental forums and/or work in partnership with other divisions, departments and organisations to expand and improve the quality and awareness of financial stability issues.
• Support on-the-job training for junior team members and monitor implementation.
• Assist in preparing briefings and presentations on financial stability to the senior management of the SARB, the Financial Stability Committee and statutory committees as well as external stakeholders, the media and other public forums.
• Present the results of research conducted to internal and external stakeholders. 
• Perform ongoing research to benchmark the SARB’s approach to monitoring domestic financial stability and propose refinements to its methodological approach to ensure that the SARB’s framework for monitoring domestic financial stability remains relevant and fit for purpose.
• Draft relevant, high-quality contributions for inclusion in the SARB’s biannual Financial Stability Review (FSR) publication. 
• Assist the Editor of the FSR in planning for, compiling, reviewing and finalising this biannual publication.
• Monitor financial stability-related publications by other central banks and international organisations to benchmark the appropriateness and relevance of the SARB’s FSR.
• Compile responses to questionnaires, surveys and other ad hoc requests from internal stakeholders, international standard-setting bodies and other stakeholders to inform and support the SARB’s policy positions communicated at local and international forums.
• Assist in drafting high-quality briefing and speaking notes for senior management to ensure that the appropriate and consistent policy positions are communicated at relevant domestic and international forums. 
• Build and maintain key stakeholder relationships both within and outside the SARB.
• Perform all duties related to the SARB Financial Stability Committee Secretariat to ensure the effective functioning of the committee

QUALIFICATIONS

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

• an Honours degree (NQF 8) in Accountancy, Economics or Finance, or an equivalent qualification; and
• at least five years of relevant job-related experience.

The following would be an added advantage: 

• registration for a Master’s degree (NQF 9) or PhD studies (NQF 10);
• a track record of published research; and
• the ability to work
• effectively in a small and specialised team;
• in an unstructured environment that requires flexibility and adaptability; and/or
• independently without constant supervision.

Additional requirements include:

• sound knowledge of banking, insurance, securities and the financial system;
• an understanding of financial products, services and markets that impact on financial stability;
• basic knowledge of macroprudential tools;
• an understanding of relevant data management systems;
• excellent analytical skills;
• proven facilitation and presentation skills;
• excellent interpersonal as well as verbal and written communication skills; and
• proficiency in the use of Microsoft Office products.

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Brief description

The main purpose of this position is to provide a professional and courteous reception service to the SARB visitors.

Detailed description

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

• Receive and welcome South African Reserve Bank visitors, maintaining a calm, courteous and professional demeanor at all times.
• Organise self to ensure that work allocated is completed within set time and defined standards independently.
• Receive, screen and respond to incoming telephone calls using own initiatives and where appropriate deal with queries and/or route calls to appropriate people.
• Ensure that internal hosts are contacted timeously on arrival of visitors to the Bank.
• Adequately respond to the public’s queries and redirect them to the relevant staff members where necessary.
• Perform general administrative duties which include registering visitors, managing the allocation and return of visitors’ and parking cards as well as maintaining the visitors register. 
• Administer and maintain records pertaining to the issuing of access cards in accordance with relevant legislation.
• Provide regular reports to the Team Leader in relation to the reception operations. 
• Willingly and independently make useful and meaningful changes to the manner in which he/she works within set time and defined standards.
• Maintain a safe and clean reception area by following operating procedures and processes.
• Answer and divert calls through switchboard.
• Take and forward messages received when person requested is not available.
• Assist with telephone inquiries by gaining and keeping abreast of matters within different Departments.
• Record and report on telephonic trends and discussions.

QUALIFICATIONS

Job requirements 

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

• A minimum of Grade 12,
• Certificate in Reception or Call Centre 
• Registered PSIRA grade D/E officer would be an added advantage and
• two to three years’ of reception experience in a Corporate Environment.

Additional requirements include:

• Service delivery equipment/ tools/ machinery operating knowledge and skill
• Service delivery reporting knowledge and skill; and 
• Service delivery knowledge and skill

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Brief description

The main purpose of this position is to process exchange control (excon) applications and monitor compliance with the Currency and Exchanges Manual for Authorised Dealers as well as the Exchange Control Regulations to regulate cross-border transactions and ensure the efficient management of foreign exchange. 

Detailed description

The successful candidate will be responsible for, among other duties, the following key performance areas:

• Analyse, process and finalise applications of varying complexity for approval and deliver work that meets the prescribed time and quality standards.
• Assist in the planning of inspections, actively participate in the inspections process and report on inspections.
• Be responsible for the day-to-day administration, including record-keeping, the compilation of schedules and inspection profiling in support of operational efficiency within the division and own work.
• Analyse and interpret data as well as provide recommendations to the signing officer for reporting purposes.
• Participate in ad hoc projects for compilation of information to inform policy decisions.
• Perform work independently within the established practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in own area of expertise.
• Prepare and deliver solutions that reflect the range of knowledge, methods, practices and/or solutions in own functional discipline.
• Engage with the relevant internal and external stakeholders, displaying an ability to convey and explain information fluently.
• Proactively broaden knowledge of own functional area and stay current with developments (e.g. changes to excon policies, rules and regulations). 

Job requirements 

To be considered for this position, candidates must have:

• a Bachelor’s degree/diploma with Economics, Finance, Statistics, Business Economics, Banking or Accounting as majors or an equivalent NQF 7-level qualification; and
• five to eight years’ experience in the excon or banking environment. 

Additional requirements include:

• risk and compliance assessment knowledge and skills;
• skills in:
• verbal and written communication (including presentation and report writing); 
• analysis and problem-solving;
• judgement and decision-making;
• planning and organising;
• service and stakeholder focus;
• competence in Microsoft (MS) Office packages (e.g. Excel, Word, PowerPoint);
• ability to work under pressure; and
• ability to work in a team.

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Brief description

The main purpose of this position is to lead the alignment and maintenance of the Prudential Authority’s (PA) supervisory framework and associated guidelines against international best practice and standards as well as to ensure consistency in the application thereof. 

Detailed description

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

• Lead the team in scanning the international and national environment to keep abreast of any changes which may impact on the PA’s supervisory framework.
• Lead the interpretation of changes to the supervisory framework and present proposed changes for consultation purposes to the frontline and technical support teams. 
• Lead and/or participate within relevant working groups relating to the PA’s strategic projects, initiatives and engagements. 
• Co-ordinate and integrate framework updates, providing a consolidated, integrated and cross-functional view through well-articulated reports. 
• Manage the maintenance of the PA’s supervisory framework and associated guidelines. 
• Manage the quality assurance reviews to assess consistency in the application of the framework. 
• Manage the performance and development of the team. 
• Take responsibility for senior-level engagement and present quality assurance findings as well as recommendations to management and the Prudential Committee. 
• Review the work of the team and provide integrated management reports to support decision making. 
• Build and maintain stakeholder relationships, displaying the ability to lead engagements with relevant external and internal stakeholders. 
• Guide the refinement and continuous improvement of sectional processes.   

QUALIFICATIONS

Job requirements

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

• the minimum of an Honours degree (NQF 8) in Commerce, Compliance or Law, or an equivalent qualification; and
• the minimum of 8–10 years of experience in policy or framework development within a regulated environment, internal auditing, risk and compliance management as well as quality assurance, of which a minimum of 3 years in leading teams. 

The following would be an added advantage:

• experience within the financial sector.

Additional requirements include:

having knowledge of and skills in: 

• industry, organisational and business awareness; 
• quality assurance;
• continuous improvement;
• continued learning and/or professional development; 
• business continuity planning;
• legislation, governance, risk and compliance; 
• administration strategy;
• administration planning; 
• administration service delivery; 
• administration information management; 
• administration data capture; 
• administration reporting; and 
• data analysis and reporting. 

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Brief description

The purpose of this position is to maintain and coordinate source data in the Economic Statistics Department (ESD) based on data management principles. 

Detailed description

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

• Engage in short-term planning, prioritise work and perform tasks against work plans as defined by the manager.
• Identify, evaluate and solve routine and new problems within a familiar context, applying solutions based on the relevant evidence and procedures.
• Coordinate the centralised sourcing of data, including collections, capturing and stakeholder liaison to ensure consistent inflow of source data for the compilation of economic statistics. 
• Implement data quality assurance standards to ensure consistent high-quality source data for the compilation of economic statistics. 
• Provide information for reporting purposes to ensure the monitoring of the section’s activities which will inform senior management decision-making processes.
• Perform administrative activities relating to own function, ensuring appropriate records management of source data. 
• Proactively broaden knowledge of functional area, displaying a willingness to make improvements in own work (including methods and practices).
• Evaluate own performance against given criteria, identify and address task-specific improvements. 

QUALIFICATIONS

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

• a minimum of a Bachelor’s degree (in Economics or Statistics) or an equivalent field of study; accounting as part of the qualification would be an added advantage.
• A minimum of one to two years’ experience in a data administration environment.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• planning knowledge;
• service delivery knowledge;
• reporting knowledge; and
• data capturing and administration;
• planning and organising skills;
• verbal and written communication skills;
• ability to drive results;
• ability to work in a team;
• service and stakeholder focus;
• sound judgement and decision-making; and
• resilience. 

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Brief description

The main purpose of this position is to perform prudential oversight of licensed insurance companies on a solo and group level through a combination of off-site and on-site monitoring and supervision to ensure the financial soundness and sound governance of solo insurers and insurance groups.

Detailed description

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

• Process notifications and applications of a financial and non-financial nature, and recommend approval or decline.
• Provide input into, and assist with, the development and implementation of the regulatory framework.
• Promote efficient, fair and sustainable insurance markets and policyholder protection.
• Provide input into the development and implementation of a prudential risk-based supervisory plan for each insurer and insurance group within the allocated portfolio.
• Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers and/or insurance groups as per the supervisory ladder of intervention.
• Provide input into, and assist with, the development of public documents relating to insurance supervision.
• Supervise insurers and insurance groups within the allocated portfolio through a combination of off-site and on-site supervisory tools, focusing on qualitative, quantitative, financial and non-financial information, to identify and assess risks and to propose mitigating actions.
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
• Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the South African Reserve Bank (SARB).
• Liaise with industry, other regulators (locally and internationally) and relevant financial institutions. 

QUALIFICATIONS

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

• an Honours degree (NQF 8) specialising in Accounting, Actuarial Science, Auditing, Banking, Finance, Insurance or Risk Management; and 
• at least 2–5 years of experience in the insurance sector, finance sector or risk management environment.

The following would be an added advantage:

• being a Chartered Accountant (CA(SA));
• being a Financial Risk Manager (FRM); and/or 
• being a member of the Actuarial Society of South Africa (ASSA).                                            

Additional requirements include: 

• completion of accounting articles;
• problem solving and analysis;
• financial and business acumen;
• attention to detail;
• verbal and written communication;
• time management;
• confidentiality; 
• influence;
• building and maintaining relationships;
• knowledge of the finance sector, specifically the insurance industry; 
• corporate governance and risk management practices and standards; and
• International Association of Insurance Supervisors (IAIS) and International Organisation of Securities Commission (IOSCO) principles, standards and relevant legislation.

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Brief description

The purpose of this position is to provide administrative support and assistance to the Deputy Governor within the Executive Management Department.

Detailed description

The successful candidate will be responsible for, among other things, the following key performance areas:

• Manage and maintain the Deputy Governor’s diary, including logistical arrangements for appointments and travel in liaison with relevant personnel.
• Ensure that all submissions are submitted to the correct committees before the deadlines (e.g. Governors’ Executive Committee submissions).
• Receive, screen and respond to incoming telephone calls using own initiative and, where appropriate, deal with queries and/or route calls to appropriate persons and/or departments.
• Prepare and edit correspondence, communication, presentations and other documents, and conduct basic enquiries and analysis where necessary for this purpose.
• Ensure that all incoming and outgoing correspondence is registered and filed in accordance with the File Plan of the South African Reserve Bank (SARB).
• Collate and coordinate project-based and other information on behalf of the Deputy Governor.
• Review operating practices in own area and implement improvements where necessary.
• Foster and maintain positive internal and external relationships, engaging with members and stakeholders at all levels of seniority in a professional and collegial manner.
• Create and maintain a contact database for the Office of the Deputy Governor as well as a filing system in accordance with the File Plan of the SARB.
• Perform day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the Office of the Deputy Governor.
• Distribute correspondence, circulars and memorandums to staff in the department or the SARB on issues emanating from the Office of the Deputy Governor.
• Serve on relevant departmental and/or SARB-wide project teams based on experience, skill and ability, where required.
• Execute any other tasks as instructed by the Deputy Governor as and when required.

QUALIFICATIONS

To be considered for this position, candidates must:

• have a Grade 12 certificate plus a Secretarial Diploma or an equivalent qualification (a Bachelor’s degree would be an added advantage);
• have at least six to eight years’ experience in a corporate personal assistant or equivalent environment, with experience in supporting executives; 
• be proficiency in English (both verbal and written skills);
• be proficiency in the Microsoft (MS) Office Suite (MS Word, PowerPoint and Excel) and Outlook; and
• have knowledge of administrative and clerical procedures. 

Additional requirements include:

• the ability to work independently and outside normal working hours, when required;
• excellent typing skills and telephone etiquette;
• good communication and interpersonal skills;
• time management and quality assurance skills;
• ability to work well with departments and teams;
• organisational awareness;
• ability to take initiative;
• attention to detail and dedication to tasks;
• the ability to plan and organise events;
• problem-solving skills; and
• professionalism.