Current Jobs at South African Reserve Bank

Detailed description

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

• Develop, update, maintain and oversee the strategic business case for the transformation programme.
• Design and implement the programme’s structure and delivery capability.
• Deliver a new organisation with enhanced capabilities to use the new solutions.
• Design, implement and lead the programme governance structure, ensuring appropriate executive-level reporting.
• Lead the selection of the fit-for-purpose IT platforms and oversee their procurement and implementation. 
• Define and implement resource and structural requirements to operate and maintain the new solution, including workforce transition planning for business and IT.
• Draft, negotiate and agree on the statements of work, duration and financial arrangements with all strategic development partners.
• Develop and maintain strategic partnerships with technology partners and take accountability for delivering commercially contracted outcomes.
• Direct the establishment of stakeholder and change management strategies and plans, both internal and external, and oversee their implementation.
• Take accountability for identifying, mitigating and managing all risks related to the delivery of the business outcomes.
• Direct and lead the team in adhering to all programme, project, technical and process methodologies as defined by the SARB and recommend new technical standards for adoption.
• Advise executives on strategies to future-proof the organisation from information, process, people and technology perspectives.
• Manage interdependencies with other transformational programmes across the SARB and recommend resolutions for conflicts.

Qualifications

Job requirements

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

• an Honours degree in Business Management, IT or an equivalent qualification; 
• a minimum of 10 to 12 years’ experience in managing programmes and business change within an organisation, of which 3 to 5 years were in complex business transformational change; and
• at least 5 years’ experience in managing teams.

The following would be an added advantage:

• a Masters degree in Business Management, IT or an equivalent qualification; and
• knowledge of Prudential Authority Regulation and Supervision – legislation, information, reporting, processes, systems and solutions.

go to method of application »

Detailed description

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

• Negotiate, draft and vet various commercial contracts.
• Identify, address and manage potential legal risks within the SARB Group.
• Steer legal processes for internal clients on fairly complex legal challenges and disputes affecting their operations. 
• Conduct research into a wide range of matters relating to commercial and procurement law.
• Take responsibility for addressing issues pertaining to relevant legislation applicable to the SARB Group.
• Review and draft policies, procedures and guidelines for the SARB Group.
• Establish processes to enhance efficiencies within the SARB Group.
• Provide legal advice and opinions.
• Represent the LSD and SARB Group on internal committees, workgroups and/or forums.
• Build and maintain relationships with internal and external stakeholders. 

Job requirements

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

• have an LLB degree or an equivalent appropriate legal qualification; 
• be an admitted attorney, advocate or be a corporate lawyer within a reputable legal practice or within a reputable corporate; and
• have at least six to eight years of experience as a practising attorney, advocate or 
• in-house legal counsel / corporate lawyer.

The following would be an added advantage:

• proven track record in leading and concluding fairly complex legal projects;
• solid knowledge of data protection and data privacy laws;
• practical experience with PAIA (Promotion of Access to Information Act), 2000; and
• good drafting and negotiation skills.

go to method of application »

Detailed description

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

• Proactively discover, measure and respond to new or emerging risks that may be caused by changes to the payment ecosystem.
• Develop and implement policies, procedures, frameworks and standards specific to Domestic and Regional Settlement Services’ (DRSS) risk and compliance management.
• Design, monitor and maintain the DRSS control systems to deal with violations of legal rules, regulatory requirements and internal DRSS policies.
• Collaborate and coordinate with the National Payment System Department’s Risk and Compliance Unit, the Risk Management and Compliance Department and industry structures (e.g. the Operational Risk Subcommittee and Cyber Resilience Subcommittee) to manage risks within DRSS and to enable reporting to the governance structures of the South African Reserve Bank (SARB).
• Conduct assessments (e.g. operational risk assessments and cybersecurity), collect and analyse documentation, statistics and reports, and research/market trends impacting the settlement environment.
• Coordinate the DRSS strategic risks input into the department’s strategic risk register.
• Create and maintain business continuity plans (including simulation exercises) to limit risks affecting the DRSS.
• Facilitate the DRSS’s remediation or closure of findings emanating from internal audits, external audits and/or any other internal/external assessment reviews, and periodically monitor and report on the status thereof.
• Log risk incidents relating to the DRSS as per the SARB’s Incident Management Framework and monitor and report on risk action plans relating to these risk incidents.
• Build risk awareness amongst the DRSS personnel by providing support and training.
• Provide support to the scheme management function in managing risk and compliance.
• Build and maintain sound professional relationships with stakeholders through effective collaboration and teamwork.

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

• a minimum of a Bachelor’s degree in Accounting, Internal Audit or Risk Management; and
• five to eight years’ experience in a risk management, internal controls and compliance environment with at least three years’ experience in the financial sector industry. 

The following would be an added advantage:

• experience in cybersecurity and business continuity management; and
• relevant certifications (i.e. Risk Management, Certified Internal Auditor and/or Certified Information Systems Auditor).

go to method of application »

Detailed description

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

• Provide leadership with regard to EI within the South African Reserve Bank (SARB) and provide input into the development of policies, processes and standards.
• Manage the delivery of work objectives, including:
• managing requests for EI development and prioritising work based on business needs and available resources;
• defining and operationalising quality assurance and unit testing procedures to ensure high-quality solutions;
• leading and overseeing ongoing maintenance and supporting for the EI platform;
• monitoring the business use and performance of the EI platforms and other integration components, and providing feedback to business support areas, database administrators and infrastructure engineers;
• providing leadership in an effort to ensure consistency and integrity within the EI environments;
• managing EI improvement and growth initiatives, estimating EI work efforts and durations, and overseeing design, construction, testing and the implementation of EI programmes, processes and cycles for large and complex projects, which include translating business needs into EI solutions;
• representing EI on technology standards and architectural design committees;
• interacting with vendors on the selection, implementation, configuration and maintenance of EI-related software and recommending and implementing programmes to address cost reduction and/or improve productivity; and
• managing the design and implementation of redundant systems within the EI environments, including policies and procedures for disaster recovery to ensure the effective availability, protection and integrity of EI assets.
• Work in accordance with information technology governance standards and processes, including the SARB’s policies, procedures and other legislative requirements.
• Manage the performance and development of the EI CoE team members and ensure training and mentoring of technical staff where necessary based on best practices, where appropriate.

Job requirements

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

• an Honours degree (NQF 8) in Information and Communications Technology (ICT), Engineering or an equivalent qualification; and 
• eight to 10 years’ experience in a large-scale EI environment or an equivalent ICT environment, with at least three years’ experience in a management or supervisory role.

go to method of application »

Detailed description

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

• Provide strategic direction to a team of analysts in the ongoing supervisory oversight of allocated financial entities, including the operational alignment of supervisory programmes and targets.
• Provide leadership within the Banking, Insurance and Financial Market Infrastructure Supervision Department of the Prudential Authority (PA) and support the relevant divisional head(s) in achieving the overall departmental objectives.
• Provide technical assistance and guidance to a team of analysts.
• Manage the team’s deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation.
• Manage the team’s performance.
• Manage talent, including the learning and development of team members as well as succession planning.
• Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank.
• Contribute to special projects within the PA.

Job requirements

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

• a postgraduate qualification (NQF 8) in Economics, Risk Management, Accounting, Banking, Finance or any other relevant qualification at that level;
• at least eight years’ experience in the financial services or financial regulatory industry; and
• at least two years of proven experience in managing a team.

The following would be an advantage:

• Chartered Accountant (South Africa) certification; and/or 
• Associate General Accountant (South Africa) certification.

go to method of application »

Job Description

• Develop and maintain climate change risk management and scenario analysis frameworks, methodologies, processes, systems and related policies.
• Scan the environment and identify, analyse and assess the physical, transition and liability risks related to climate change (e.g. extreme weather events, regulatory changes and carbon pricing), including emerging risks, to support the SARB’s risk management functions.
• Develop and mature scenario analysis techniques to evaluate the impact of climate-related risks on business operations and assets (i.e. facilities, personnel and resources).
• Collaborate with various departments, including those that play a role in sustainability, finance and strategy, to ensure the SARB is prepared to mitigate and manage physical and transition climate risks effectively.
• Conduct quantitative and qualitative analyses of climate-related risks affecting the SARB.
• Develop and apply climate models to assess inherent and residual risk exposure and impact on business operations.
• Analyse and understand the business environment to support and guide the identification of risks and opportunities. 
• Support and quality review work done by spokes for climate risk assessments in departments.
• Report on emerging and climate-related risks to the SARB Group. 
• Consolidate, maintain and report on the centralised risk incidents database for the SARB Group.
• Identify and coordinate departmental climate risk management training needs and conduct related training. 
• Embed and promote a positive and proactive climate risk management culture across the SARB group.
• Research and benchmark leading climate risk management processes and developments and propose improvements accordingly.

Qualifications

• a minimum of a Bachelor’s degree in Environmental Science, Climate Science or any other relevant NQF 7 degree or equivalent; and
• five to seven years’ experience in risk analysis, climate risk management, scenario analysis and sustainability strategy.

The following would be an added advantage:

• an Honours degree (NQF 8).

go to method of application »

Detailed description

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

• Coordinate the provision of an open-source collection capability, ensuring that all relevant publicly available electronic and paper records are accessed and utilised.
• Coordinate the provision of an internal analysis capability to ensure that all relevant internal records and databases are accessed and utilised in support of the section’s capability. 
• Provide for and manage external and/or outsourced resources to satisfy any remaining information requirements. 
• Ensure that structured and integrated reporting occurs through valid, verified, assessed and correctly documented products (i.e. documents and presentations) in order to satisfy stakeholder requirements. 
• Provide and sell conclusions/recommendations based on the results of the section’s business processes to stakeholders. 
• Ensure that stakeholder requirements are identified proactively to ensure that section activities are directed in a cost-effective and efficient manner. 
• Lead and participate in internal and external stakeholder engagements, displaying the ability to deliver a coherent and convincing message and maintain strong relationships.
• Manage the performance and development of team members.
• Compile and manage the sectional budget to ensure the provision of services (i.e. operations and consultants).
• Drive innovation in research, analysis and reporting.

Job requirements

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

• an Honours degree in Political Science, Strategy and/or International Relations or an equivalent/related NQF 8 qualification; 
• eight to 10 years’ experience in an intelligence analysis role, with at least two to three years’ experience in the management of an intelligence or analytical function;
• completed advanced intelligence training, including specialisation in intelligence analysis, open-source collection management and production management; and
• demonstrated expertise in open-source collection, research and innovative intelligence reporting.

go to method of application »

Detailed description

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

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

Job requirements

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

• a postgraduate qualification (NQF 8) in Accounting, Banking, Economics, Finance, Insurance or Risk Management, or a relevant equivalent qualification; and 
• at least 5–8 years of relevant working experience in a regulatory environment or the financial sector.