Current Jobs at South African Reserve Bank

Job Description
Brief description

• The main purpose of this position is to conduct research, support the development of crisis management capabilities within the South African Reserve Bank (SARB, and assist with the development of resolution policies and plans for financial institutions.

Detailed description

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

• Conduct research to inform the development of policies related to the SARB’s crisis preparedness and management and resolution functions.
• Analyse data submitted by financial institutions to aid the development of resolution plans and the execution of resolvability assessments.
• Identify information gaps and contribute to developing proposals aimed at addressing these gaps.
• Engage with financial institutions and industry stakeholders on issues related to crisis management and resolution.
• Provide administrative support for meetings with both internal and external stakeholders.
• Assist in the coordination and administration of the SARB’s resolution and crisis management governance forums.
• Stay abreast of international best practices and sector developments, analyse their implications for the Resolution and Crisis Preparedness Division and suggest improvements to current practices.
• Assist in preparing presentations for various SARB and industry forums on topics related to crisis management and resolution.
• Support the day-to-day operations of the Resolution and Crisis Preparedness Division.

Qualifications
Job requirements 

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

• An Honours’ degree in statistics, mathematics, economics, or finance or have an equivalent qualification; and 
• two years’ job-related experience within the financial sector or financial services industry.

Additional requirements include:

• knowledge of regulatory frameworks and international standards;
• knowledge and understanding of business continuity or crisis management;
• knowledge of, or experience in, managing distressed assets;
• facilitation and presentation skills;
• strong interpersonal skills;
• strong communication skills (verbal and written); and
• proficiency in the use of Microsoft (MS) Office products such as MS Teams, Word, Excel and PowerPoint.

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Job Description
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 Currency Management Department (CMD) 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 include, but not limited to, salads, baked foods, refreshments, as per an approved menu.
• Provide support to the Hospitality Services Coordinator where required; this includes performing stock management, cleaning, administration, scullery duties and procurement and 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
Job requirements

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.

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Brief description                                                                                                                 

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

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.

Qualifications
Job requirements

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

• a postgraduate qualification (NQF 8) in Accounting, Banking, Economics, Finance, Actuarial Science 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.
• Knowledge and exposure to Insurance Act, FSR Act, GOI and FSI Standards

Additional requirements include:

• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills;
• time management;
• confidentiality;
• influence;
• building and maintaining relationships;
• knowledge of the financial sector, specifically of the insurance industry; 
• knowledge of corporate governance as well as risk management practices and standards; and
• knowledge of the International Association of Insurance Supervisors (IAIS) principles and standards as well as other relevant legislation.

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Job Description
Brief description

• The main purpose of this position is to investigate basic, intermediate and complex alleged contraventions of the Exchange Control Regulations (Regulations), recoup capital exported from South Africa in contravention of the Regulations and/or 419 fraud schemes, and enforce anti-money laundering (AML) legislation on Authorised Dealers in foreign exchange with limited authority (ADLAs).

Detailed description

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

• Investigate basic, intermediate and complex matters involving alleged contraventions of the Regulations and/or 419 fraud schemes and AML enforcement investigations for the approval of the Signing Officer. 
• Support the signing officer or manager with targeted Financial Intelligence Centre Act 38 of 2001 (FIC Act) inspections and assist other divisions when required. 
• Recoup, recover or regularise capital lost as a result of alleged contraventions of the Regulations and/or administer the collection, preservation and distribution of money and/or goods seized during investigations of alleged contraventions of the Regulations.
• Conduct and/or facilitate research relevant to investigations and/or requests for information from internal and external stakeholders, submit reports on findings and make recommendations to the manager and relevant stakeholders, furnishing management with information.
• Assist legal practitioners with matters under litigation, including research, compiling reports and making recommendations when required. 
• Engage and assist internal and external stakeholders, providing advice and training as well as support to the signing officer or manager when representing the division, the Financial Surveillance Department (FinSurv) or the South African Reserve Bank (SARB).
• Stay current with developments, policies, procedures and legislation, and propose and implement the refinement and continuous improvement of tools, methods and processes.
• Coach and provide on-the-job training to team members to expand their investigative knowledge and practice.
• Record all relevant information and correspondence regarding allocated investigations.
• Serve on relevant divisional, departmental or SARB project teams, based on experience, skill and ability.

Qualifications
To be considered for this position, candidates must have:

• a Bachelor’s degree in Law, Commerce or Forensics (in the accounting/financial or policing fields); 
• knowledge of, and experience in:
• the Currency and Exchanges Act 9 of 1933; 
• Exchange Control Regulations and Rulings;
• law of evidence;
• law of contract;
• civil and criminal procedure; 
• Banks Act 94 of 1990;
• interpretation of statutes; and 
• constitutional law;
• a minimum of five to eight years’ relevant administrative, forensic and investigative experience, preferably in the banking or financial environment;
• excellent communication skills; and
• a valid driver’s licence.

Additional requirements include:

• building and managing relationships;
• flexibility;

skills in:

• verbal and written communication; 
• analysis and problem-solving;
• judgement and decision-making;
• planning and organising; 
• computer literacy;
• ability to work under pressure; and
• ability to travel from time to time to perform duties away from the SARB Head Office.

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Job Description
Brief description

• The main purpose of this position is to provide managerial leadership and strategic direction to the Head Office Campus Security Operations function within the Group Security Management Department of the South African Reserve Bank (SARB).

Detailed description

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

Oversee the performance and development of team members.

• Set work priorities and manage the allocation of resources efficiently.
• Manage the Head Office Campus security teams in their daily security duties for the SARB.
• Ensure the department implements and adheres to all policies, procedures and legislative requirements.
• Plan and implement special security events held for Head Office.
• Analyse management information and escalate relevant issues to the manager to support informed decision-making.
• Oversee the Fit for Deployment programme for operational security staff at Head Office and ensure compliance with job requirements.
• Implement recommendations from Head Office risk and vulnerability assessments and communicate updates to the Divisional Head: Security Operations.
• Engage with internal and external stakeholders to address and mitigate any risks related to Head Office security operations.
• Ensure the operational fitness of advanced and standard security equipment for Head Office personnel.
• Build and maintain relationships with stakeholder to enhance optimal functionality.
• Provide management information to support decision-making processes.

Qualifications

To be considered for this position, candidates must have:

• an Honours Degree (NQF8) in Security Management or Security Risk Management or an equivalent qualification;
• a minimum of eight to ten years’ experience in a security operations environment, with at least three to five years in a security management role; and
• a solid grasp of security management, risk management and stakeholder engagement.

Additional requirements include:

• leading change; 
• establishing focus; 
• driving results; 
• promoting teamwork; 
• developing and growing others; 
• communicating effectively; and 
• building and maintaining relationships. 

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Job Description
Brief description

• The main purpose of this position is to facilitate and drive the development, review and implementation of the information technology (IT) strategy to support the transformation of the South African Reserve Bank (SARB).

Detailed description

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.

Additional requirements include:

• experience in strategy development and maintenance;
• managing complexity and ambiguity;
• showing resilience;
• having a strong drive for results;
• being a strong team player; and

having knowledge and skill in:

• strategy planning;
• stakeholder management;
• market research;
• strategy and communication project management;
• strategic thinking;
• conceptual thinking;
• impact and influence;
• judgement and decision-making;
• effective communication;
• analysis and problem-solving;
• presentation design and reporting as well as associated software knowledge; and
• contract and supplier management.

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Job Description
Brief description

• The main purpose of this position is to investigate basic, intermediate and complex matters involving alleged contraventions of the Exchange Control Regulations (Regulations) and specifically to proactively identify illegal Money and Value Transfer Services (MVTS) and operators with a view to recoup capital exported from South Africa in contravention of the Regulations and enforce anti-money laundering legislation under limited supervision of a more senior investigator.

Detailed description

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

• Proactively identify illegal MVTS operators in the current exchange control environment by finding alternative ways of identifying such operators through, among other measures, researching local and foreign jurisdictions.
• Investigate, with limited supervision, basic, intermediate and complex matters involving alleged contraventions of the Regulations.
• Recoup/recover/regularise capital lost as a result of alleged contraventions of the Regulations. 
• Administer the collection, preservation and distribution of money and/or goods seized in terms of the provisions of the Regulations.
• Conduct and/or facilitate research relevant to investigations and/or requests for information from internal and external stakeholders, submit reports on findings and make recommendations to a signing officer/manager on the contraventions committed by such individuals/entities.
• Assist, under supervision, legal practitioners and law enforcement agencies with investigations and litigation. 
• Engage internal and external stakeholders by providing clear and timely assistance and support, listening to and accommodating stakeholder needs. 
• Stay current with developments, policies, procedures and legislation as well as apply any relevant changes to own work.
• Record all relevant information and correspondence regarding allocated investigations and provide investigative administrative support when required.
• Collate, report and link data on all matters identified (i.e. matters under investigation and/or sanctioned). 
• Provide accurate reporting to all levels within the South African Reserve Bank (SARB) and external stakeholders.
• Participate in meetings and provide written reports linked to the above processes.

Qualifications

Job requirements

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

• a minimum of a Bachelor’s degree in Law, Commerce, or Forensics (in the accounting or financial fields); or an equivalent qualification at NQF-level 7;
• a minimum of two to five years’ experience in financial or related investigations in the banking, financial sector and/or law enforcement environment; and
• knowledge of and experience in the application of the Currency and Exchanges Act 9 of 1933, the Regulations, Currency and Exchanges Manuals and other relevant legislation.

Additional requirements include:

• building and managing relationships;
• resilience and perseverance;
• good verbal and written communication skills; 
• good analytical and judgement skills;
• knowledge and skill in:
• investigations report writing;
• analysis and problem-solving;
• sound judgement and decision making; and
• planning and organising;
• advanced skill level in Microsoft Excel and Word;
• ability to work under pressure; and
• a valid driver’s license and the ability to travel from time to time to perform duties away from the SARB Head Office.

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Job Description
Brief description

• The main purpose of this position is to lead a team of developers and design/architect, develop, maintain and support information technology (IT) solutions to meet business needs within the South African Reserve Bank Group.

Detailed description

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

• Define own and others' work plans in alignment with departmental and functional work plans and using own discretion.
• Conduct analyses and design/architect quality IT solutions according to approved business requirements and in line with governance frameworks.
• Lead the delivery of quality IT solutions through development, integration, testing and deployment according to the approved design specifications and within agreed timelines.
• Ensure total quality of an IT solution by contributing to compiling standards, improving processes and ensuring that approved processes and standards are followed.
• Consistently provide IT solution maintenance and support in the designated area, thereby ensuring business continuity in line with agreed service standards.
• Keep abreast of developments in information and communications technology trends and the specialised area of technology to develop and design the most appropriate IT solution within the area of responsibility.
• Set the functional discipline standards for the area of work and hold others to comply with the expected standards and procedures for the completion of tasks.
• Actively participate as a team member and drive the team towards completing goals.
• Fulfil the team leadership function and provide mentoring and coaching to team members.
• Take responsibility for the development and performance management of the team or provide relevant input when necessary.
• Engage with the internal and external user community to ensure that business benefits are realised.

Qualifications
Job requirements

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

• an Honours degree in IT (NQF 8) or an equivalent qualification;
• development language certification; and 
• eight to 10 years’ experience in an IT environment.

Additional requirements include:

• solid knowledge of React/Angular or Java Script, Go Lang, Python programming, Shell scripting, XML, Json and AppWorks;
• knowledge and skill in;
• industry, organisational and business awareness;
• quality assurance;
• continual improvement;
• continual learning and professional development;
• IT enablement strategy and planning;
• IT enablement legislation and governance, risk and compliance;
• IT enablement project management;
• application design and development;
• application support and maintenance;
• systems integration and specialisation;
• infrastructure design and development;
• service management;
• testing;
• asset and inventory management; and
• capacity and performance management.

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Job Description
Brief description

• The main purpose of this position is to drive or lead the support, maintenance and enhancement of all Business Solutions and Technology (BSTD) applications to ensure systems availability, health and optimal performance.

Detailed description

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

• Drive or lead the monitoring of underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal long-term performance.
• Ensure system availability, configuration, upgrades and general support for all BSTD applications.
• Drive enhancements of all BSTD applications through the installation of new features and by configuring solution architecture throughout the application lifecycle to ensure the delivery of new functionality.
• Provide guidance and technical input in the resolution of high-complexity issues across all BSTD applications.
• Lead engagements with cross-functional stakeholders and take responsibility for managing relationships.
• Keep abreast of industry best practices and technologies and lead the implementation thereof to optimise effective and efficient business applications.
• Impart knowledge of the technical environment to the system development team.
• Proactively identify and drive initiatives to ensure compliance and adherence to security and application standards across all BSTD applications.
• Identify and manage the mitigation of risks relating to the support of all BSTD applications.
• Provide reporting and recommendations on solution performance and system availability to senior management and relevant stakeholders.
• Assist and develop application technical specialists by providing technical guidance and assuring the quality of their outputs.

Qualifications

Job requirements

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

• an Honours degree in Computer Science, Information Management, Information Technology (IT) or an equivalent qualification; and
• eight to ten years’ experience in supporting, maintaining and enhancing IT business applications.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continual improvement;
• continued learning and professional development;
• business continuity and planning;
• IT enablement planning;
• IT transformation and innovation;
• release management;
• application design, configuration and development;
• application support and maintenance;
• infrastructure design and development;
• systems integration;
• workload estimation; and 
• technical analysis.

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Job Description
Brief description

• The main purpose of this position is to drive or lead a team in providing functional support to the South African Reserve Bank’s (SARB) business applications, with a focus on testing, analysis, configuration and general support.

Detailed description

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

• Drive or lead a team in providing functional support to SARB users with a focus on testing, analysis, configuration, system setup and general support.
• Drive functional analysis initiatives or lead a team of analysts/a cross-functional team on multi-year/long cycle projects.
• Lead engagements with clients, taking responsibility for managing relationships and client interfaces.
• Develop a partnership role with business owners and interact with clients independently to define future business requirements, identify opportunities for optimisation and propose and develop solutions.
• Support the relevant architect in defining, analysing and developing the business architecture, reference model, framework and implementation roadmaps required to enable the strategy.
• Manage change requirements and the supporting specifications and plan and coordinate user acceptance testing.
• Provide substantive input to support disciplines (e.g. systems development, project management, quality management and change management).
• Apply industry best practice to optimise effective and efficient business processes and procedures.
• Identify and register risks within their respective application’s functional streams and manage risk mitigation.
• Develop system training manuals, training plans and present training courses in support of new initiatives.
• Configure complex business processes and tasks (where appropriate) within a system to improve and provide specialised functional support.
• Assure the quality of the work and outputs of application functional specialists.

Qualifications
Job requirements

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

• an Honours degree (NQF 8) in Business Administration, Computer Science, Information Technology (IT) or an equivalent qualification; and
• eight to ten years’ experience in the business analysis/application support/project environment, including the development and maintenance of existing software in applications, as well as in functional and business analysis within the application implementation and/or support environments.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continual improvement;
• continued learning and professional development;
• business transformation and optimisation; 
• elicitation techniques;
• business analysis practices, methodologies and tools;
• realisation and testing practices; and
• IT domain management.