Current Vacancies at South African Reserve Bank

Brief description

The main purpose of this position is to conduct foreign exchange transactions and manage the foreign exchange working capital of the South African Reserve Bank (SARB). Furthermore, the incumbent will be expected to assist in gathering of market intelligence and to provide analysis and interpretation of foreign exchange developments with the objective of providing input towards various internal publications and presentations for Monetary Policy Committee (MPC) and Financial Stability Committee (FSC) meetings.

Detailed description

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

• Conduct and process foreign exchange transactions (spot, forward and swap transactions) on behalf of the SARB.
• Invest funds in global money markets and process these transactions.
• Evaluate risks of all transactions against applicable risk tolerance prior to execution.
• Quote exchange rates for the SARB clients.
• Monitor developments in the foreign exchange markets (on-the-desk monitoring) and produce regular market reports and contribute towards market intelligence.
• Conduct quantitative and qualitative analysis on foreign exchange markets, including operations.
• Build relationships with market counterparts in order to gather market information.
• Assist Financial Markets Specialists with committee administrative duties and ad hoc tasks, as required.
• Coordinate the collection of financial market data and maintain a database.
• Make proposals towards the improvement of workflows and the application of processes or standard operating procedures and systems. 

Prepare briefings and presentations on operations and market analysis, and present in internal meetings. 

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have: 

• an Honours degree in Economics, Investment Management or Financial Management as a major subject or an equivalent qualification; and 
• at least three to five years’ work experience in foreign exchange trading, financial market analysis, and money and capital markets trading. 

Additional requirements include:

• an ACI Dealing Certificate and Registered Persons Examination (will be a strong recommendation);
• sound knowledge of financial markets;
• experience in producing high-frequency market analysis reports (daily, weekly and monthly reports);
• be a self-driven team player with initiative, and analytical and conceptual abilities;
• be proficient in English, both written and spoken;
• report-writing and presentation skills;
• show willingness to work irregular hours on an ad hoc basis;
• be proficient in the Microsoft (MS) Office suit, with a thorough knowledge of MS Excel; and 
• knowledge of Bloomberg and Reuters

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Brief description

• The main purpose of this position is to manage the daily operations and activities of the South African Reserve Bank (SARB) End User Computing (EUC) services.

Detailed description

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

• Manage the daily operations and activities of the SARB EUC services to ensure that all EUC systems and services are available, reliable and secure.
• Ensure the responsiveness and effective troubleshooting and resolution of desktop-related incidents, service requests and problems.
• Develop and drive the implementation of standard operating procedures (SOPs) for EUC services.
• Develop and manage the implementation of process improvement plans.
• Take responsibility for EUC data analytics, reporting and procedure documentation.
• Monitor, measure and enforce governance and compliance to IT service standards.
• Oversee the creation of high-quality desktop images and the updating of the Windows operating system (OS) and applications software.
• Drive the overall automation agenda as part of the continuous improvement in the IT environment.
• Build and manage key external and internal stakeholder relationships to ensure the delivery of quality service.
• Participate in broader departmental/divisional projects to contribute towards the SARB’s business objectives.
• Manage the performance of the third-party service provider in line with the business requirements and service standards.
• Monitor and control the quality of the services provided by contractors as well as provide coaching where necessary.
• Manage the training and development of the EUC services team.
• Take responsibility for resource planning, cost estimation, budget development and cost control for the EUC environment.

QUALIFICATIONS

Job requirements

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

• a minimum of a National Diploma (NQF 6) in computer science, information systems or an equivalent qualification;
• ITIL Foundation certification in IT service management; and
• a minimum of 5–7 years’ experience in an IT environment.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development; 
• IT enablement planning; and
• service management.

Skills in:

• infrastructure support;
• operations; 
• IT reporting; and
• management of third-party service providers.

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Brief description

• To analyse and assess the adequacy and appropriateness of the inter-disciplinary infrastructure regulation and principles that apply to the day-to-day supervision of prudentially regulated financial market infrastructures (FMIs), and to identify, monitor and mitigate risks to financial stability.

Detailed description

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

• To ensure that FMIs adhere to the Principles for Financial Market Infrastructures (PFMIs) and comply with minimum supervisory standards and the legal framework.
• To conduct regular meetings with the Manager: Divisional Head: FMI Supervision and Divisional Head: FMI Supervision to communicate meaningful and accurate management information, information on progress with operational objectives and to ensure that priorities are well coordinated.
• To conduct relevant research to align with international best practice compliance and standards.
• To identify FMI specific risks and ensure that such risks are adequately managed.
• To provide accurate and meaningful information for both domestic and international consumption.
• To report on industry issues and trends and contribute to the PA annual review.
• To perform ad hoc duties and participate in special projects as and when required.

QUALIFICATIONS

Job requirements

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

• A minimum of a Bachelor’s Degree in Economics/ Accounting / Risk Management/ Legal or Compliance
• A minimum 2 - 5 years of experience in the Financial Sector supervision / Regulatory/ FMI environment

Job-related knowledge:

• FMI Supervision, regulation and legislation
• Economics
• Accounting/Financial Statements
• Financial markets and instruments
• Relevant policies and procedures
• Research methodologies
• Principles for Financial Market Infrastructures (PFMI)

Job-related skills and attributes:

• Problem solving and analysis
• Verbal and written communication
• Interpersonal
• Sound judgement 
• Strategic decision-making
• Working independently

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Brief description

• The main purpose of this position is to manage the daily operations and activities of the South African Reserve Bank (SARB) Information Technology (IT) Service Desk.

Detailed description

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

• Manage the daily operations and activities of the SARB IT Service Desk to ensure that all IT service requests and incidents are addressed in a timely and efficient manner to maintain an exceptional customer service record.
• Develop and drive the implementation of standard operating procedures (SOPs) for the IT Service Desk.
• Develop and manage the implementation of process improvement plans.
• Take responsibility for the IT Service Desk data analytics, reporting and procedure documentation.
• Monitor, measure and enforce governance and compliance to IT service standards.
• Drive the employee self-service and overall automation agenda as part of the continuous improvement in the IT Service Desk environment.
• Build and manage key external and internal stakeholder relationships to ensure the delivery of quality service.
• Participate in broader departmental/divisional projects to contribute towards the SARB’s business objectives.
• Manage the performance of the third-party service provider in line with the business requirements and service standards.
• Monitor and control the quality of the services provided by contractors as well as provide coaching where necessary.
• Manage the training and development of the IT Service Desk team.
• Provide input to resource planning, cost estimation, budget development and cost control.

QUALIFICATIONS

Job requirements

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

• a minimum of a National Diploma (NQF 6) in computer science, information;
• systems or an equivalent qualification;
• ITIL Foundation certification in IT service management; and
• a minimum of 5–7 years’ experience in an IT environment.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• IT enablement planning; and
• service management.

Skills in:

• infrastructure support;
• operations;
• IT reporting; and 
• management of third-party service providers. 

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Brief description

The purpose of this position is to conduct analysis on global and domestic macroeconomic developments related to the agenda of international forums such as the G20 and BRICS, participate and represent the Bank in international fora working group meetings, compiling briefing and speaking notes for the Executive, and assist in the formulation of country policy positions and strategies for the purpose of influencing the international economic and financial agenda.

Detailed description

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

• Provide technical support to the division and assist in identifying strategic challenges, opportunities and policy priorities for the South African Reserve Bank (SARB) based on analysis and trends in the global and domestic macroeconomy, financial markets, and/or financial regulatory environment. 
• Conduct relevant research and analysis to contribute to the development of policy positions and strategies, and influence the international agenda for the benefit of South Africa.
• Provide support to the Division Head in managing projects, including logistical arrangements for seminars, meetings, conferences and workshops.
• Participate in, and represent the SARB, at working group meetings of the Group of Twenty (G20), BRICS and other forums, where relevant, conveying the South African policy position. 
• Prepare briefing documents and speaking notes for the governors and senior officials attending international meetings.
• Coordinate and contribute to briefing notes for meetings of the Bank for International Settlements (BIS).
• Manage the SARB relationship with international organisations (e.g. International Monetary Fund, World Bank, BIS and Organisation for Economic Co-operations and Development), coordinating with other SARB departments and National Treasury, where relevant. 
• Liaise with National Treasury, other relevant government entities and specialist SARB departments to ensure consistency with the domestic and international agenda. 
• Build strategic relationships and networks with relevant counterparts in international forums.
• Develop briefs and make presentations to staff members in own department as well as to departmental forums and other departments in the SARB on topics of interest in the international forums. 
• Provide support to the Division Head in representing the SARB at international meetings and forums, as and when required, and develop and manage international cooperation and partnerships, including diplomatic relationship on behalf of the SARB.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• a minimum of a Master’s degree in Economics or Finance, or an equivalent combination of education and job-related experience; 
• a minimum of eight to ten years’ experience in an economic or global macroeconomic policy and research environment, with a minimum of five years’ experience in a thought leadership or mentorship role; and 
• knowledge of policy development formulation and international financial institutions.

Additional requirements include:

• knowledge of global finance and economics-related research;
• knowledge of policy development and formulation;
• knowledge of international financial institutions;
• knowledge of relevant government policies and legislation;
• project management experience;
• computer literacy;
• analytical skills;
• influencing skills;
• problem-solving skills;
• excellent verbal and written communication skills;
• team leadership skills;
• diversity management skills;
• people management skills;
• negotiation skills;
• bias for action; and
• excellent etiquette to interact with executives and high-profile individuals.

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Brief description

The main purpose of this position is lead, manage and provide strategic direction to the Regional Engagements Division (RED). The main functions of the RED are to provide and ensure the effective coordination of secretariat services to the Committee of Central Bank Governors (CCBG) and Common Monetary Area (CMA), including the CCBG subcommittees, and drive the strategic objectives of both the CCBG and CMA. In addition, the incumbent will manage the relationship and participation of the South African Reserve Bank (SARB) in the Association for African Central Banks (AACB). 

Detailed description

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

• Contribute to the strategy development of the department, develop functional plans aligned to the departmental strategy and clarify performance expectations for the RED. 
• Determine the optimal structure for the RED to deliver on key objectives.
• Manage the delivery of work outputs, which involves job objectives such as to: 
• lead the Secretariat work of the SARB as it pertains to the CCBG, its subcommittees and the CMA;
• lead the SARB’s involvement in the AACB;
• contribute to, and lead the strategy development of, the CCBG and CMA; 
• monitor economic and geopolitical developments in the Southern African Development Community (SADC) and other selected African countries in order to prepare briefings for the governors; 
• conduct analysis/research to enhance an understanding of regional matters, produce briefing papers and provide research assistance to the direct reports on regional economics and geopolitics;
• coordinate regional work emanating from the CCBG subcommittees within the framework of international mandates; 
• provide input into the SARB’s  international engagement work from a regional perspective;
• coordinate and integrate work among CCBG subcommittee members in order to create synergies between subcommittees; and
• liaise with CCBG subcommittee members and chairpersons, including international organisations and forums on regional and other pertinent issues.
• Develop functional plans aligned to the departmental strategy and clarify performance expectations for the RED. 
• Ensure compliance with all legislative and regulatory requirements, which includes ensuring that risks of the RED are identified and assessed, and that adequate and effective risk-mitigating measures are implemented. 
• Ensure a well-articulated and crafted strategy for the RED, in the pursuit of the department’s objectives and the SARB’s strategic focus areas.
• Manage the performance of staff, and promote and support career management and development. 

QUALIFICATIONS

Job requirements

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

• a Masters’ degree (NQF8) in Finance, Economics or an equivalent qualification; and
• 8 to 10 years’ experience in economic policy or the financial sector, with at least five years in a leadership role.

The following are strong requirements:

• good interpersonal skills; 
• strong stakeholder relationship skills;
• communication and presentation skills;
• ability to act under pressure; and
• good project management skills and the management of processes. 

Additional requirements include:

• leading change;
• establishing focus;
• driving results;
• developing and growing others;
• judgement and decision-making;
• strategic thinking;
• conceptual thinking;
• manage complexity and ambiguity.