Fresh Jobs at South African Reserve Bank

Brief description

• The main purpose of this position is to assist the Prudential Authority (PA) in discharging its supervisory duties, as defined in the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act), in respect of banks and life insurers. 

Detailed description

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

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks’ compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.
• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.
• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the department’s supervisory calendar.
• Perform the duties relating to the administrative arrangements for each inspection and on-site review.
• Maintain a project plan to be followed for individual inspections and on-site reviews.
• Execute inspections and on-site reviews at the premises of individual banks and life insurers.
• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.
• Ensure that on-site inspections are risk-based and effective.
• Provide management information in respect of the progress of inspections and on-site reviews. 
• Manage the performance of the AML/CFT team.

Qualifications
Job requirements

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

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act; 
• an understanding of PA supervision, regulation and legislation;
• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and report-writing skills.
   

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Brief description

• The main purpose of this position is to oversee the design, development and execution of test strategies, test plans and test cases that verify software conformance to the defined acceptance criteria (i.e. system behaviours), feature design documents and application standards to ensure the delivery of quality solutions for the South African Reserve Bank (SARB).

Detailed description

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

• Conduct functional, integration, usability, configuration, installation, system, regression, performance, user acceptance and operations readiness testing.
• Perform gap analyses and analyse business requirements to ensure comprehensive testing can be done.
• Create test strategies, approaches and test cases, including test estimation, to maintain a structured approach during testing.
• Plan, design, develop and deploy testing techniques for new solutions, products, applications and enhancements to existing applications throughout their development life cycles.
• Stay updated with advancements in information and communications technology trends, specifically within the testing field, to design and develop the most appropriate test approaches and solutions.
• Generate progress and quality reports that include test results and statistics to support the final approval for solution implementation.
• Assist in creating user manuals.
• Engage with 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:

• an Honour’s degree (NQF 8) in Information Technology (IT) or an equivalent qualification;
• at least 8 to 10 years’ experience in an IT environment; and
• certification from the International Software Testing Qualifications Board (ISTQB) and a database or structured query language (SQL) qualification will be an added advantage.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• IT enablement legislation and governance, risk and compliance;
• application design and development;
• infrastructure testing;
• systems development life cycle (SDLC);
• manual and automation testing; and 
• operations.