Current Jobs at South African Reserve Bank

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

• Define the project scope and work breakdown structure in collaboration with key stakeholders to ensure a common understanding of deliverables and the approach.
• Produce project management plans to ensure that they are comprehensive (i.e. they include scope, quality, risks, time, cost, HR, procurement, integration, communication) and to confirm that these knowledge areas are regularly updated and maintained. 
• Ensure that all project documentation, deliverables and reports are timeously produced, approved and maintained. 
• Identify and manage project risks, constraints and changes; ensuring that the project plans are well managed and approved. 
• Establish and manage relationships with all stakeholders, role players and service providers to ensure commitment to a common goal. 
• Establish and effectively manage a project team; clearly defining roles and responsibilities for the delivery of project outputs. 
• Direct and coordinate activities of project team members to ensure the project progresses according to the approved schedule, producing the expected deliverables, within budget and according to specification and quality standards. 
• Provide leadership and motivation to project team members throughout the project life cycle.

Qualifications

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

• a Bachelor’s degree in Commerce or an equivalent qualification (at NQF7 level); 
• solid knowledge of the project management discipline; and 
• a minimum of 2 - 5 years’ experience in project management. 

The following would be an added advantage:

• experience in a banking environment.

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

• Provide input into the strategic direction of the Enterprise Resource Planning (ERP) function in support of the SARB Group strategy.
• Take accountability for the development of operational plans and budget for the ERP Business Systems division aligned to the Financial Services Department and the Bank; as well as the implementation and monitoring thereof.
• Identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks.
• Clarify performance expectations and roles for staff within the division.
• Manage the formulation of optimal automated business solutions relative to initiatives with a financial impact.
• Manage and monitor the implementation of systems solutions in support of client departmental policies and objectives with financial implications.
• Formulate reports and dashboards providing management with pertinent information for the purpose of facilitating strategic decisions. 
• Lead ERP Business Systems with set, achievable objectives and targets, prioritise work, manage resource utilisation, quality of deliverables and control costs.
• Lead and manage internal and external stakeholder relationships at various levels of seniority, endeavouring to gain stakeholder trust and buy-in.
• Manage the performance of staff, promote and support career management and development.
• Ensure continuous improvement of the efficiency of delivery and functioning of the ERP Business Systems and of the Financial Services Department.

Qualifications

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

• an Honours degree (NQF 8) in Accounting, Information Systems or an equivalent qualification; and
• seven to nine years’ experience in the accounting or similar environment.

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Detailed description

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

• Develop, review, update and oversee the execution of the SARB’s cybersecurity information strategy.
• Establish, lead (i.e. develop functional plans aligned to the SARB and departmental strategy) and oversee the day-to-day operations of the CISU.
• Define cybersecurity policies, standards and procedures and ensure the SARB complies with these.
• Oversee and monitor the capability to proactively anticipate and detect threats to the SARB Group’s information and supporting systems.
• Oversee the proactive identification of security vulnerabilities in the SARB Group’s information systems, security architecture and security governance.
• Ensure the containment and mitigation of threats and vulnerabilities through the implementation of the SARB Group cyber and information security governance processes, architecture, procedures, policies, standards and awareness initiatives.
• Ensure an effective and efficient security response by overseeing the implementation of appropriate cyber and information security capabilities, including but not limited to endpoint security; network security, security information and event management; and security orchestration, automation and response, and by coordinating Cyber Security Incident Response Team (CSIRT) investigations and providing recommendations for improvement.
• Develop, implement and monitor staff training and awareness campaigns.
• Advocate for the application of sound cyber and information security practices at an institutional and individual level.
• Establish and maintain strategic stakeholder relationships with relevant board committees and individuals in the SARB and with its subsidiaries.
• Facilitate cooperation across the financial industry to prevent and mitigate cyber threats and, if necessary, chair/support an industry CSIRT to restore services to the industry.
• Facilitate cooperation, strategy and standards across Southern African Democratic Community central banks to prevent and mitigate cyber threats in the region.
• Facilitate (through chairing, where necessary) cooperation with international financial institutions (i.e. other central banks, the Bank for International Settlements and the International Monetary Fund) and participate in the Operational Security Situational Awareness Technology Group.
• Participate in the Brazil, Russia, India, China and South Africa (BRICS) cyber working group, leading the group approximately every five years.
• Ensure that the SARB is continuously compliant with legislative and regulatory requirements relating to cyber, privacy and information security, and update and implement identified standards and best practices (either in own team or through other internal teams).
• Ensure that cyber and information security risks across the SARB are identified and assessed and that mitigating actions are implemented and monitored.
• Define, implement and monitor a data protection strategy.
• Provide thought leadership on all aspects of cyber and information security to all stakeholders, including the SARB Board of Directors, the Governors’ Executive Committee and various subcommittees
• Manage the performance and development of direct reports and employee coaching and mentoring, and promote and support career management and development within the CISU.

Qualifications

Job requirements

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

• an Honours degree in Business Management, Information Technology (IT) or an equivalent qualification; 
• advanced certification covering cyber/information governance and cyber/information security, including but not limited to Cyber Information Security Manager, Certified in Governance for Enterprise IT, Certified Information Systems Security Professional, Information Systems Security Architecture Professional/Engineering Professional/Management Professional, and/or an equivalent certification; and
• a minimum of 10 to 12 years’ experience in a cyber and information security-related field, with a minimum of 5 years’ experience in managing teams.

The following would be an added advantage:

• privacy certification; and
• a Master’s degree or an equivalent qualification in a related field.

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Detailed description

The successful candidate will play a crucial role in shaping and executing the people strategy across all departments of the Bank and will be responsible for the overall leadership of the HRD. They will be responsible for the following key performance areas:

• Provide leadership and strategic direction to the HRD.
• Develop and execute a comprehensive HR strategy that aligns with the Bank’s objectives.
• Act as a strategic advisor to the executive leadership team on all HR matters.
• Ensure the bank’s HR policies are in line with best practice and regulatory requirements.
• Lead the talent acquisition, development, and retention strategies to build a strong workforce.
• Oversee the development of leadership and succession planning programs for critical roles.
• Ensure the implementation of employee value proposition initiatives to attract and retain talent.
• Oversee the development of strategic workforce planning to ensure the right talent is available for future needs.
• Drive a culture of ethics, integrity, and accountability across the bank.
• Ensure change management programs are implemented to support organizational transformation.
• Champion diversity and inclusion (D&I) initiatives through the appropriate structures.
• Foster employee engagement through structured feedback mechanisms and action plans.
• Oversee the design and implementation of fair and competitive remuneration structures aligned with industry benchmarks.
• Oversee performance management systems to ensure a performance driven culture across the Bank.
• Ensure compliance with labour laws, banking regulations, and all governance standards.
• Oversee the development and enforcement of HR policies and procedures in line relevant HR standards.
• Oversee employee relations and conflict resolution.
• Oversee HR audits and ensure data protection compliance in HR systems.
• Oversee training initiatives related to leadership, digital banking, and regulatory updates.
• Leverage data-driven insights to enhance employee experience and organizational effectiveness.
• Ensure quarterly and annual reporting to the relevant structures.
• Manage the performance of direct reports, promote and support career management and development within the department. 

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a minimum of a Master’s degree in Human Resources, Organisational Development, Business Administration, Social Sciences and related fields or equivalent qualification.
• 10 to 15 years’ progressive experience in human resources management and development, with a minimum of 5 years at senior management level.
• Experience in executive leadership and policy formulation.

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Detailed description

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

• Research and recommend emerging and fit-for-purpose network security solutions and provide technical input into the design.
• Lead and drive the implementation (the design, configuration, testing and deployment) of network security solutions.
• Review technical standards, procedures, user guides, standard operating procedures and instructional documents relating to the network security solutions.
• Provide expert input on network security solutions and optimisation.
• Plan and manage the technology life cycle for all network and security products.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed network security solutions and technologies.
• Identify, address and remediate network vulnerabilities as identified by auditors and governance-related assessments.
• Stay abreast of new developments in network security solutions and technologies.
• Provide network expertise in information and communications technology (ICT) network security projects and participate in other South African Reserve Bank Group (SARB Group) projects to contribute towards business objectives.
• Take responsibility for deploying network security, disaster recovery and resource allocation strategies to ensure optimal performance, continuity and scalability.
• Provide third-level (escalation) support services on all network solutions and services to ensure continued availability and performance of the technologies.
• Troubleshoot and perform root-cause analyses related to network security solutions and services.
• Implement and maintain the governance and security model for the network as developed by the Cyber and Information Security Unit.
• Develop a network and security matrix for measuring network performance, health and usage, and provide associated statistics and reports.

Qualifications

Job requirements

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

• a minimum of an Honours degree (NQF 8) in Information Technology, Computer Science or an equivalent qualification;
• at least 8−10 years’ experience in network security solutions, with a strong track record of designing and implementing network security solutions in enterprise organisations; and
• the following industry certifications:
• Cisco Certified Network Associate (CCNA);
• Cisco Certified Network Professional (CCNP) (an added advantage);
• ITIL v3/4 and COBIT 2019 (an added advantage); and
• Certified Information Systems Security Professional (CISSP) (an added advantage).

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Detailed description

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

• Define own and others’ work plans using own discretion, and in alignment with departmental and functional work plans.
• Conduct analyses and design or architect quality IT solutions according to approved business requirements and in line with governance frameworks.
• Ensure the delivery of quality IT solutions through development, integration, testing and deployment according to the approved design specification and within agreed timelines.
• Ensure the total quality of an IT solution by contributing to the compilation of standards and improved processes, and by ensuring that the approved standards and processes are met and followed.
• Consistently provide IT solution maintenance and support in the designated area, thereby ensuring business continuity in line with the agreed service standards.
• Keep abreast of developments in information and communication technology trends and within the specialised area of technology to design and develop the most appropriate IT solution within the area of responsibility.
• Comply with the expected standards and procedures for the completion of the tasks and activities performed.
• Actively participate as a team member and support the team in completing goals.
• Provide mentoring and coaching to team members.
• Engage with the internal and external user communities to ensure that business benefits are realised.

Qualifications

Job requirements

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

• a Bachelor’s degree in Computer Science/Information Systems or an equivalent qualification (NQF 7);
• five to eight years’ experience within an application development and support environment;
• five to eight years’ experience with Microsoft (MS) SQL Server and advanced Transact-SQL skills;
• five to eight years’ experience in web development and configuring web applications (ASP.NET Web Forms, Model View Controller or Blazor);
• MS Internet Information Services skills with good knowledge of HTTPS/Active Directory orchestration and application pool management; and
• an understanding of XML/XSD and Json.

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

• Facilitate and drive the formulation, review and refinement of the IT strategy of the SARB on a periodic basis in alignment with the changing IT business environment.
• Provide thought leadership, decision support and strategic consultation to the SARB’s Business Solutions and Technology Department (BSTD) and the business.
• Package and present the IT strategy to key stakeholders for the purposes of engagements and approvals.
• Facilitate and drive the development of the IT business plan in support of the IT strategy.
• Establish and manage internal and external stakeholder relationships throughout the IT strategy life cycle to ensure the approval and adoption thereof.
• Proactively research and assess both internal and external environments which may impact on the management of information and the adoption of technology relevant to the SARB.
• Track and report on the progress of execution against the IT strategy.
• Factor an appropriate funding model to enable the practical execution of the IT strategy and make recommendations on how to achieve long-term scalability, reduce operational costs and better support business processes.

Qualifications

Job requirements

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

• at least an Honours degree (NQF 8) in IT or Commerce, or an equivalent qualification; and
• at least 8–10 years’ experience in strategy development, with a strong focus on IT.

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Job Description

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

• Conduct ethics risk assessments for low-risk departments and create risk profiles accordingly.
• Work closely with departments to develop ethics plans to address identified risks in the departments and monitor the implementation thereof.
• Provide ethics training and create awareness to address identified risks.
• Analyse the information emanating from the declaration processes (e.g. gifts as well as employee compliance and conduct) for the determination of conflicts of interest. 
• Establish trends from the declaration processes data to mitigate and/or manage ethical risks in the SARB Group. 
• Verify declaration information for accuracy and completeness. 
• Collate, analyse and report on ethics risks.
• Develop and monitor the implementation of an ethics operational plan.
• Provide guidance to employees on ethical dilemmas and conflicts of interest. 
• Manage stakeholder relationships (internal and external) in order to manage ethical risks effectively.
• Keep abreast with new developments within the area of ethics risk management and make recommendations for improvement to processes.

Qualifications

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

• the minimum of a Bachelor’s degree (NQF 7) in Risk Management or Internal Audit, or an equivalent qualification; and 
• the minimum of 5–7 years within an audit, risk compliance or ethics management environment.

The following would be an added advantage:

• certification as an Ethics Officer. 

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

• Conduct ethics risk assessments for low-risk departments and create risk profiles accordingly.
• Work closely with departments to develop ethics plans to address identified risks in the departments and monitor the implementation thereof.
• Provide ethics training and create awareness to address identified risks.
• Analyse the information emanating from the declaration processes (e.g. gifts as well as employee compliance and conduct) for the determination of conflicts of interest. 
• Establish trends from the declaration processes data to mitigate and/or manage ethical risks in the SARB Group. 
• Verify declaration information for accuracy and completeness. 
• Collate, analyse and report on ethics risks.
• Develop and monitor the implementation of an ethics operational plan.
• Provide guidance to employees on ethical dilemmas and conflicts of interest. 
• Manage stakeholder relationships (internal and external) in order to manage ethical risks effectively.
• Keep abreast with new developments within the area of ethics risk management and make recommendations for improvement to processes.

Qualifications

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

• the minimum of a Bachelor’s degree (NQF 7) in Risk Management or Internal Audit, or an equivalent qualification; and 
• the minimum of 5–7 years within an audit, risk compliance or ethics management environment.

The following would be an added advantage:

• certification as an Ethics Officer. 

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Detailed description

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

• Understand institutions’ strategies and business models in the relevant environments to which the risk types mentioned above relate. 
• Monitor the relevant industry’s exposure to the risk types.
• Monitor industry compliance with the regulations governing these risk types.
• Benchmark institutions’ risk management practices with respect to best practice.
• Provide specialist input with regards to the risk types to front-line supervision and policy development.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Participate in capital/own fund requirement adequacy assessments.
• Contribute to risk-based meetings with representatives of institutions and their auditors.
• Conduct thematic reviews pertaining to the risk types.
• Develop and maintain regulations and instructions governing the statutory requirements for the risk types. 
• Develop internal policies and processes for supervising the risk types.
• Participate in international and domestic forums related to the establishment of regulations pertaining to the risk types.
• Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

Qualifications

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

• a postgraduate degree (NQF 8) in Banking, Computer Science, Data Science, Economics, Finance, Financial Mathematics, Financial Engineering or Statistics, or another relevant quantitatively focused postgraduate degree; and
• at least 5–8 years of applicable experience in the banking, insurance, financial market infrastructures or financial regulatory sectors in positions related to the risk types.

The following would be an added advantage:

• Chartered Financial Analyst (CFA) holder;
• Financial Risk Manager (FRM) or Professional Risk Manager (PRM) holder;
• Certificate in Quantitative Finance (CQF) or another appropriate industry-recognised certification

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Detailed description

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

• Implement project risk management framework, methodology and templates to ensure a standard approach to managing project risks across the SARB Group.
• Perform quality reviews on project risk assessments conducted for projects outside of the executive portfolio (tier 2 projects and below).
• Provide project risk management input into the enterprise-wide project management framework and the project management system(s).
• Facilitate risk assessments for tier 2 projects and ensure that risk response plans are executed.
• Facilitate risk assessments on cross-cutting risks identified across the tier 2 project portfolio.
• Monitor and ensure that risk response plans are executed by the risk owners at the appropriate time.
• Analyse and understand the SARB’s environment (internal and external) to support and guide the identification of risks and opportunities to enable decision-making.
• Prepare presentations and reports on portfolio, programme and project risks for the relevant governance forums and committees (both hub and spoke).
• Conduct onboarding and refresher training for the project management community on related risk frameworks.
• Develop project risk awareness campaigns to educate stakeholders and influence behaviour, and drive the importance of effective risk management practices within the project community.
• Identify and coordinate project risk management training needs across the SARB Group and conduct related training.
• Analyse risk data and information on the various project risk registers to identify trends and commonalities and create qualitative risk reporting and derive reliable business intelligence/insights for management to enable decision-making.
• Communicate risk management strategies throughout the organisation as well as the importance of adhering to risk management policies.
• Work closely with project management stakeholders to provide support and information for the various project-related forums, meetings and steering committees.
• Consolidate, maintain and report on the project risk issues, including across the subsidiaries.
• Research and benchmark leading risk management processes and developments and propose improvements accordingly.

Qualifications

Job requirements

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

• a Bachelor’s degree in Auditing, Project Management or Risk Management, or any other relevant NQF 7 degree; and
• at least five to seven years’ relevant experience in the auditing, project management or risk management field.

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Detailed description

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

• Develop and implement a project risk management framework, methodology and templates to ensure a standard approach to managing project risks across the SARB Group.
• Develop project risk quality criteria and perform quality reviews on project risk assessments done for projects outside of the executive portfolio.
• Provide project risk management input into the enterprise-wide project management framework and to the project management system(s).
• Facilitate comprehensive risk assessments regularly for wide cross-cutting portfolio risks and ensure that risk response plans are executed.
• Facilitate risk assessments for strategic initiatives and tier 1 in the executive portfolio and ensure that risk response plans are executed.
• Monitor and ensure that risk response plans are executed by the risk owners at the appropriate time.
• Analyse and understand the SARB’s environment (internal and external) in order to support and guide the identification of risks and opportunities to enable decision making.
• Prepare presentations and reports on portfolio, programme and project risks for the relevant governance forums and committees (applies to both hub and spoke).
• Conduct onboarding training for the project management community on related risk frameworks.
• Develop risk awareness campaigns to educate stakeholders and to influence behaviour and drive the importance of effective risk management practices within the project management community.
• Identify and coordinate project risk management training needs across the SARB Group and conduct related training.
• Analyse risk data and information on the various project risk registers to identify trends and commonalities, create qualitative risk reporting, and derive reliable business intelligence/insights for management to enable decision making.
• Communicate risk management strategies and the importance of adhering to risk management policies throughout the SARB Group.
• Work closely with project management stakeholders to provide support and information for the various project-related forums, meetings and steering committees.
• Consolidate, maintain and report on project risk issues for the SARB Group.
• Research and benchmark leading risk management processes and developments and propose improvements accordingly.
• Drive a positive culture within the division and department.

Qualifications

Job requirements

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

• at least an Honours degree in Auditing, Project Management or Risk Management, or any other relevant NQF 8 degree; and
• at least 8–10 years of relevant and practical experience in the auditing, project management or risk management field.

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Detailed description

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

• Approve applications in line with exchange control regulations and within approved limits. 
• Deliver work outputs for the trade platform, including supervising and conducting data analysis and managing advanced payments.
• Authorise decisions relating to trading exceptions and written application and liaising with other divisions where exceptions are concerned.
• Propose and implement the refinement and continual improvement of tools, methods and processes in own functional area.
• Plan work for self and other team members, using discretion in defining and prioritising work for the team.
• Act as a team leader and coach, coordinating and ensuring quality in the execution of work delivered by staff.
• Provide input into team member performance evaluations and development needs.
• Provide regular status updates and consolidated reports as defined to the manager.
• Engage with internal and external stakeholders, displaying the ability to deliver a coherent and convincing message.
• Stay abreast of developments in relevant standards, procedures and regulations, holding self, team members and stakeholders to account.

Qualifications

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

• a Bachelor’s degree in Commerce, Informatics, Statistics or an equivalent (NQF 7) qualification; and
• five to eight years’ experience in an exchange control environment.

The following would be an added advantage:

• experience in leading teams.