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The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought
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Description
Data science is an inter-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. The core outcome of this programme is to develop deep capabilities in advanced analytics in central banking.
Format of the programme
- Graduates will be placed in the Business Systems and Technology Department within the SARB, from January 2025 to December 2025. During the programme, graduates will attend various learning interventions at the SARB Academy, including technical training. The programme offers opportunities for a Data Science track, and graduates will work in a Data Lab environment from time to time, on various use cases.
Duration of the programme
QUALIFICATIONS
To be considered, candidates must have a postgraduate qualification or be in the process of completing a postgraduate qualification (ideally completed the course work) in one of the following fields:
- Data Science
- Machine Learning/Artificial Intelligence
- Predictive Analytics Modelling
- Statistics
- Applied Mathematics
- Economics with Econometrics
- Information Technology
- Engineering
- Business Mathematics and Informatics.
Additional requirements
- Coding with R and/or Python;
- be a South African citizen;
- be a curious, innovative and self-motivated individual with strong analytical skills;
- have a proven track record of academic excellence with an overall average mark of 70% and above; and
- have excellent communication and interpersonal skills.
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Brief description
The purpose of this position is to provide mainly end-to-end administrative support within recruitment and across the HR value chain.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- To engage in short term planning and perform tasks against work plans as defined in conjunction with immediate line manager.
- To provide end-to-end administrative support services across HR disciplines.
- To assist in publishing vacancies on relevant platforms and screen CVs and applications to identify qualified candidates.
- To coordinate and schedule interviews, assessments and vetting between candidates and relevant stakeholders.
- To communicate with candidates throughout the recruitment process, providing updates and gathering necessary information.
- To assist with preparation of employment contracts and other recruitment related documentation.
- To identify talent using different sourcing channels, including existing bank database.
- To perform administrative work independently, within established HR practices, processes and regulations ensuring compliance with the Bank’s standards, policies and guidelines.
- To evaluate and address HR queries, direct and/or escalate more complex issues to the immediate line manager/team leader and/or other internal HR professional.
- To maintain accurate HR information/records management system and ensure that the information is accessible, up to date and complies with legislative requirements.
- To provide management information to the immediate line manager/team leader as required for effective reporting.
- To engage with the internal HR team, client departments and external stakeholders to ensure optimal service delivery.
- To proactively broaden HR knowledge and display a willingness to make improvements in own work (including methods and practices).
- To evaluate own performance against given criteria, identify and address task specific learning needs with the immediate line manager.
QUALIFICATIONS
Job requirements
To be considered for this position, candidates must be in possession of:
- A minimum of an HR Post Matric certification (NQF 5) OR equivalent
- A minimum of 1- 2 years’ experience in the relevant HR administration environment
- Previous experience in recruitment preferred
- Excellent organizational skills and attention to detail
- Strong written and verbal communications skills
- Ability to multitask and prioritize tasks in a dynamic environment
- Proactive and able to work both independently and as part of a team
- Working knowledge of MS Office and ERP systems (e.g. Oracle/SAP)
Additional requirements include:
- Industry, organisational and business awareness knowledge and skill
- Quality assurance knowledge and skill
- Continuous improvement knowledge and skill
- HR planning knowledge and skill
- HR legislation, governance, risk and compliance knowledge and skill
- HR information management knowledge and skill
- Relevant HR service delivery knowledge and skill
- Knowledge and experience in using LinkedIn recruiter and other sourcing channels.
- Flexibility
- Drive for results
- Learning focus
- Service & stakeholder focus
- Resilience
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Brief description
The main purpose of this position at the South African Reserve Bank (SARB) is to perform prudential oversight over licensed insurance companies that form part of a financial conglomerate group through a combination of off-site monitoring and on-site inspections, analysis and supervision, to contribute to the financial soundness and sound governance of such insurers and ultimately the financial conglomerate group.
Detailed description
The successful candidate will be responsible for the following key performance areas:
Supervise insurers and insurance groups within the allocated portfolio through a combination of on- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions.
- Process the notifications and applications received from insurers and insurance groups within the allocated portfolio, and recommend to either approve or decline the applications.
- Provide input into the development and implementation of the regulatory framework.
- Promote efficient, fair and sustainable insurance markets as well as policyholder protection.
- Develop and implement a prudential risk-based supervisory plan for allocated insurers.
- Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention.
- Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
- Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the 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.
QUALIFICATIONS
To be considered for this position, candidates must be in possession of:
- a Homours degree (NQF8) specialising in Accounting, Economics, Financial Management, Insurance or Risk Management, or a relevant equivalent qualification; and
- at least 2–5 years of working experience in the insurance sector or insurance-related experience in the wider finance sector or risk management environment.
Additional requirements include:
- problem-solving and analytical skills and experience;
- financial and business acumen;
- attention to detail;
- excellent verbal and written communication skills and experience;
- the ability to effectively and efficiently manage time;
- proven ability to influence, build and maintain relationships;
- being conversant with the Insurance Act at both a theoretical and a practical level;
- knowledge and understanding of the Insurance Core Principles for Insurance Supervision;
- working knowledge of the various legislation and related supervisory frameworks applicable to insurance entities registered in South Africa;
- knowledge and understanding of key issues and risks facing registered insurers/insurance groups and financial conglomerate groups in South Africa;
- knowledge and understanding of financial products and the risks they pose;
- proven knowledge of the financial sector, specifically the insurance industry; and
- knowledge and understanding of corporate governance as well as risk management best practice and standards.
Method of Application
Use the link(s) below to apply on company website.
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