Fresh Jobs at South African Reserve Bank

Detailed description

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

• Implement monetary policy by monitoring the market, leading the development of trading strategies, conducting transactions such as auctions for purposes of liquidity management and on behalf of government (bond auctions and Treasury Bill auctions).
• Undertake investments for the CPD in accordance with investment guidelines, operational requirements, and policies and legislation.
• Supervise and quality assures the transactions of other Financial Market Specialists.
• Contribute to the analysis of existing reference rates and the design of new rates where necessary and contribute to the design of governance frameworks that relate to the code of conduct on benchmark rates.
• Provide oversight on the market commentary prepared by junior Financial Market Specialists.
• Look for opportunities to automate routine tasks by leveraging innovative programming languages and encourage and assist Junior Specialists to continually innovate and improve their work processes.
• Conduct comprehensive research for special projects by applying a robust and structured research methodology.
• Stay abreast of all methodological developments relevant to own disciplines that affect the collection and development of time series and market research, trade execution and investment management process as well as operations and apply this in own research.
• Prepare and make convincing presentations to own team on a regular basis as well as to departmental forums and other departments of the SARB.
• Prepare and contribute to the preparation of briefings, speeches, and presentations for senior management forums in the SARB as well as external forums.
• Lead presentations in external forums on behalf of the Division. 
• Participate in projects relating to monetary policy implementation, government funding operations and the management of the above-mentioned local-currency investment portfolios.
• Participate actively on-the-job training for Junior Financial Market Specialists, which may be in the form of workshops or internal forums on research conducted.
• Provide inputs in the overall performance evaluations of other Financial Markets Specialists where applicable.

Qualifications

Job requirements

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

• an Honours degree (NQF8) in Economics, Accounting, Actuarial Science, Financial Engineering, Mathematics of Finance, Finance, or an equivalent combination of education in the required field and job- related experience; and
• a minimum of eight to ten years’ experience in the financial markets’ environment.

The following will be an added advantage:

• Master’s degree in the above disciplines, Chartered Financial Analyst (CFA) qualification, and knowledge and skills in money market operations, financial mathematics, domestic and international interest rates, bond markets, interest rate products, market intelligence, the investment industry, money market fund management, research methodologies, Reuters, Bloomberg, management of stakeholder relationships, project management, and relevant policies and procedures.
• Registered Persons Exam certification

Additional requirements include:

• proficiency in the Microsoft (MS) Office suite, with expert knowledge of MS Excel;
• advanced mathematical and statistical modelling;
• advanced programming skills (VBA, MATLAB or other languages that can be used in implementing models);
• excellent interpersonal as well as verbal and written communication skills;
• report writing skills;
• research methodology skills;
• planning and organising skills;
• decision-making skills;
• presentation skills;
• being a team player; and
• integrity.

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Detailed description

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

• Lead qualitative and quantitative research and analysis, integrating the work of more junior and senior financial markets specialists and providing a comprehensive analysis of short- and long-term financial market developments within the South African economy and across major advanced and emerging market economies.
• Lead strategy projects and the development of policy frameworks.
• Conduct high-quality and relevant short- and long-term research, analyses and interpretation of financial markets in support of the formulation and implementation of monetary policy and for financial stability purposes.
• Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
• Provide technical guidance and ensure the transfer of knowledge and skills to junior specialists.
• Write keynote speeches for the senior executives of the SARB.
• Lead team engagements to interrogate and reconcile data, findings, insights, explanations and recommendations from research and analyses.
• Make recommendations on the markets, monetary policy and regulatory frameworks, and produce reports and briefings for final approval.
• Quality assure and integrate analyses and reports submitted by other financial markets specialists and provide feedback.
• Lead initiatives within own area of expertise in support of departmental objectives.
• Recommend improvements in methodologies relevant to own area of specialisation, while ensuring that methodologies comply with local and international standards.
• Make presentations to senior forums of the SARB (e.g. Monetary Policy Committee and Financial Stability Committee).
• Represent the SARB at official external forums and meetings that fall within the area of specialisation (e.g. Monetary Policy Forum, Money Market Subcommittee), including speaking at/presenting research at conferences and seminars.
• Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
• Define the learning agenda for the Market and Policy Analysis Unit in conjunction with other senior financial markets specialists in the department.
• Provide job-related coaching for newcomers to formally guide them through the roles and functions of the business area and department.

Qualifications

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

• a Masters degree in Economics or Finance, or an equivalent combination of education in the required field and job-related experience; and
• eight to 10 years’ experience in the financial markets or related environment.
• A proven track record in managing projects, including research projects, will be an added advantage. 

Additional requirements include:

• knowledge and skill in:
• analytical and conceptual thinking;
• the Microsoft Office suite, with expert knowledge of MS Excel;
• advanced mathematical, statistical or econometric modelling;
• effective communication (verbal and written);
• report writing;
• research methodology;
• planning and organising; and
• decision-making;
• interpersonal skills;
• presenting skills;
• leadership skills;
• being a team player;
• integrity;
• building and maintaining relationships;
• impact and influence; and
• innovation and creativity.

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Detailed description

The successful candidate will be responsible for, but not limited to, the following key performance areas:

• Lead and oversee the SARB’s foreign exchange trading operations, which include execution of FX transactions (spot, forwards and FX swaps) as well as cash management.
• Conduct quantitative and qualitative analysis into FX movements, trends, patterns with systemic impact across financial markets. 
• Leads team engagements to interrogate and reconcile data, and findings, insights, explanations, from research and analysis on foreign exchange markets.
• Prepare periodic reports to enable managers/senior managers to provide oversight function on the deliverables of the South African Foreign Exchange Committee (SAFXC) and Global Foreign Exchange Committee (GFXC). 
• Provide thought leadership and contribute to discussion papers, presentations and documentation for various FX committees and other related bodies/forums.
• Lead the design and review of internal controls, enhance operating procedures and implement governance frameworks that relate to Codes of conduct in the FX market
• Contribute to the development and execution of strategic initiatives of the unit and the Financial Markets Department (FMD), including through involvement in strategic projects.
• Collaborate with other specialists within the SARB (business analysts, data management specialists and IT specialist) by providing subject-matter expertise to enable the design and implementation of IT infrastructure for the FX operations business. 
• Provide analysis on FX operations and insights for presentations to the Monetary Policy Committee (MPC) and Financial Stability Committee (FSC).
• Represent the Financial Markets Department on internal and external committees/forums and make presentations
• Build and maintain relationships with stakeholders such as, but not limited to, local analysts, fund managers, strategists, and dealers for the gathering of market intelligence.
• Perform ad hoc tasks as required.

Job requirements

To be considered for this position, candidates must have:

• a minimum of Honours degree (NQF8) in economics or finance or an equivalent combination of education and job-related experience.
• a minimum of eight to ten years’ experience in a specialist role in financial markets and market analysis.

The following will be an added advantage 

• CFA qualification. 
• sound knowledge of exchange rate policy and monetary policy implementation frameworks and instruments; and
• Sound knowledge of financial market regulations
• ACI Dealing certificate

Additional requirements include:

• verbal and written communication skills;
• research methodology skills;
• planning and organising skills;
• decision-making skills;
• interpersonal skills;
• presentation skills;
• being a team player;
• knowledge of financial mathematics;
• proficiency in the Microsoft (MS) Office suite, with a thorough knowledge of MS Excel; and
• Knowledge of Bloomberg and Reuters.

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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).

Additional requirements include:

• industry, organisational and business awareness knowledge;
• quality assurance knowledge and skill;
• excellent technical knowledge of infrastructure services;
• continuous improvement of infrastructure services;
• comprehensive hands-on infrastructure services troubleshooting experience;
• continuous learning and/or professional development; 
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaise with external services providers for reviewing products and technologies and coordinating vendor presentations, where relevant;
• managing complexity and ambiguity;
• effective communication;
• impact and influence;
• conceptual and strategic thinking;
• innovation and creative thinking;
• building and managing relationships;
• experience working in a team-oriented collaborative environment;
• ability to prioritise and execute tasks in a high-pressure environment;
• judgement and decision-making skills;
• analytical and problem-solving skills;
• resilience and adaptation;
• service and stakeholder focus; and
• ability to function independently (self-starter).

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Job Description

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

• Engage in short-term planning and perform tasks against work plans as defined with the team leader/manager. 
• Perform general administration in support of the department’s overall operations, strategy and business continuity management (BCM), including but not limited to correspondence, personnel-related matters, governance, risk and compliance, and records management.   
• Perform administrative tasks in support of the department’s financial administration and procurement, ensuring the timely submission of accurate payment information.
• Support the Manager: Support in his/her role as the department’s sub-records manager and the representative for training, facilities, information and communication technology (ICT) as well as fixed assets, ensuring the effective management of the department’s facilities requirements and resources. 
• Provide support to the team leader in the monitoring and maintenance of the business continuity planning (BCP) process and Occupational Health and Safety Act 85 of 1993 (OHS Act) responsibilities, where appropriate.
• Assist in the coordination of the risk management process for the department and in the maintenance of the department’s risk matrix and action plans emanating from internal and external audits. 
• Provide administrative support in the preparation of the annual budget and the monitoring of budget-related expenditure, monthly variance reporting and quarterly forecasting.
• Provide administrative support in coordinating the formulation and review of the departmental strategy.
• Engage effectively with stakeholders in and outside of the department in service of the department. 
• Perform administrative duties on an ad hoc or projects basis as requested by the team leader/management, including relieving team members as required, while ensuring compliance with relevant guidelines, standards and policies. 
• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.
• Diagnose problems and choose and/or modify routines to address them, demonstrating the ability to provide solutions within a defined context. 
• Willingly address any gaps in own performance of tasks and activities against the required standards.

Qualifications

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

• a post-matric certificate (NQF 5) in Administration, Risk and Compliance, Governance and/or Records Management; and
• one to three years of experience in a relevant support environment.

Additional requirements include:

• industry, organisational and business awareness, knowledge and skill;
• quality assurance knowledge and skill;
• administration information management knowledge and skill;
• administration data capturing knowledge and skill;
• administration reporting knowledge and skill;
• cost administration knowledge and skill;
• administration-specific research knowledge and skill;
• administration-specific inventory management knowledge and skill;
• data analysis and reporting knowledge and skill;
• verbal and written communication skills; and
• a service and stakeholder focus;
• continuous improvement knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• BCP knowledge and skill;
• administration strategy knowledge and skill;
• administration planning knowledge and skill;
• legislation, governance, risk and compliance knowledge and skill;
• administration information management knowledge and skill;
• administration service delivery knowledge and skill.