Hot Jobs at South African Reserve Bank

Detailed description

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

• Conduct research and gather data for the development and improvement of banknotes and coin.
• Develop testing protocols for banknote- and coin-related projects.
• Participate in product testing, including functionality, performance and durability, to ensure that products meet South African Reserve Bank specifications and quality standards.
• Continually analyse, interpret and report on scientific information and data related to banknotes and coin to support decision-making and improvement processes.
• Contribute to the development of new or existing product management-related processes.
• Develop technical drawings and banknote and coin specifications for the production of banknotes and coin.
• Participate in cross-functional team meetings to provide technical insights, recommendations and solutions to resolve quality and product issues.
• Identify opportunities for product innovation and enhancements for banknotes and coin.
• Perform administrative duties and participate in projects while ensuring compliance with relevant guidelines, standards and policies.
• Manage the preservation of banknote and coin assets through inventory management and ensuring secure storage. 
• Promptly attend to product-related queries.
• Build and manage stakeholder relationships to ensure the maintenance and enhancement of the integrity of banknotes and coin.

Qualifications

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

• an Honours or four-year degree in Chemistry, Material Science, Chemical Engineering or an equivalent qualification; and
• five to eight years’ experience in product management or research.

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Detailed description

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

• Process notifications and applications of a financial and non-financial nature, and make recommendations in terms of the Insurance Act 18 of 2017 for approval or decline.
• Provide input into and assist with the development and implementation of the regulatory framework.
• Prepare and implement the supervisory plans of allocated insurers or insurance groups (i.e. insurers with a lower risk profile).
• Supervise insurers and insurance groups within the allocated portfolio through a combination of on-site and off-site supervisory tools, focusing on quantitative and qualitative information, to identify and assess risks and to propose mitigating actions.
• Attend on-site visits and participate in engagements under the guidance of a senior analyst/manager. 
• Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
• Liaise with and provide appropriate feedback to internal and external stakeholders after consultation with the manager.

Job requirements

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

• a postgraduate qualification (NQF 8) in Accounting, Actuarial Science, Auditing, Banking, Finance, Insurance or Risk Management; and 
• at least two years’ experience in the insurance sector, finance sector or risk management environment.

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Detailed description

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

• Conduct foreign exchange trading operations, which include execution of FX transactions (spot, forwards and FX swaps).
• Quoting exchange rates for the Bank’s clients. 
• Managing the working capital of the Bank, which involves investing FX funds in international money markets (cash management).
• Provides oversight and supervise the transactions of junior Financial Market Specialist.
• Provide analysis and interpretation of developments in FX markets. 
• Monitoring of FX markets (on the desk) for purpose of gathering of market information and market intelligence. 
• Reporting and presenting on FX markets developments in Departmental forums and other Departments in the Bank. 
• Co-ordinates, consolidates and finalize regular market analysis reports. 
• Make proposals towards the improvement of workflow and the application of processes or standard operating procedures and systems. 
• 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). 
• Contribute to designing and reviewing of internal controls and, operating procedures as well as implementing 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) to enable the design and implementation of IT infrastructure for the FX operations business. 
• 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 be in possession of: 

• an Honours degree (NQF8) in Economics or Finance or an equivalent combination of qualifications in the required field and job-related experience; and
• at least five to eight years’ work experience in specialist role in the financial markets and market analysis environment.
• ACI Dealing Certificate.

The following will be an added advantage:

• a Chartered Financial Analyst (CFA) qualification; and
• Sound knowledge of financial market regulations.

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Detailed description

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

• Respond to unplanned system outages by investigating, troubleshooting and remediating.
• Maintain user access as per the User Access Management Policy.
• Securely install and administer the database to enhance the resilience, redundancy and continuity thereof.
• Provide first-level database support to end users in all departments, including proactive preventative maintenance and upgrades of the database management system.
• Schedule database backup and design recovery plans and procedures.
• Stay abreast of industry database developments and best practices and apply these where relevant
• Provide technical input (technical diagrams, technical procedures and work instructions) on the development of knowledge base articles to preserve technical knowledge.
• Produce monthly database reports in line with business requirements.
• Establish and maintain stakeholder relationships with vendors to ensure the efficient running of the database management systems.

Job requirements

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

• a minimum of a National Diploma in Information Technology (IT) (NQF 6) or an equivalent qualification;
• database administrator certification; and
• 2-5 years of database-related experience.

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Detailed description

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

• Respond to unplanned system outages by investigating, troubleshooting and remediating.
• Maintain user access as per the User Access Management Policy.
• Securely install and administer the database to enhance the resilience, redundancy and continuity thereof.
• Provide first-level database support to end users in all departments, including proactive preventative maintenance and upgrades of the database management system.
• Schedule database backup and design recovery plans and procedures.
• Stay abreast of industry database developments and best practices and apply these where relevant
• Provide technical input (technical diagrams, technical procedures and work instructions) on the development of knowledge base articles to preserve technical knowledge.
• Produce monthly database reports in line with business requirements.
• Establish and maintain stakeholder relationships with vendors to ensure the efficient running of the database management systems.

Job requirements

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

• a minimum of a National Diploma in Information Technology (IT) (NQF 6) or an equivalent qualification;
• database administrator certification; and
• 2-5 years of database-related experience.

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

• Assist in compiling and maintaining mandatory project documentation (e.g. information relating to the project charter, business case, project plan, change request) to ensure project compliance in terms of the Programme Management Office (PMO) standards and procedures. 
• Collate and manage project information and reports to ensure that relevant stakeholders are adequately informed of the project status. 
• Liaise with various stakeholders (internal and external) throughout the project life cycle to maintain effective communication on all matters relating to the project.
• Update and maintain the project schedule, highlighting deviations to ensure that project timelines are adhered to, and allow for planning adjustments. 
• Maintain a project repository to ensure project information is accessible to all stakeholders and available for audit purposes. 
• Schedule meetings, consolidate information for meetings, maintain and disseminate minutes, and ensure that actions are followed up as per the minutes. 
• Record, update and maintain lessons learnt, risks, issues and action logs, in order to allow the management of project risks by the project manager. 
• Contain and follow up on project activities in the absence of the project manager to ensure project continuity. 
• Maintain the financial spreadsheet to keep track of payments, including liaising with vendors and the department’s financial management section to ensure the timely payment of invoices. 

Qualifications

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

• an Advanced Diploma in Project Management or an equivalent qualification; 
• a minimum of two to five years’ experience in a project administration environment; and 
• a solid knowledge of project management disciplines with an emphasis on project administration.
• work effectively in a small and specialised team;

The following would be an added advantage: 

• work in an unstructured environment that requires flexibility and adaptability; and
• work independently without constant supervision.

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Detailed description

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

• Collect, prepare and submit preliminary research in line with data management methodologies and frameworks to provide accurate and reliable data that support the production of high-quality statistics for ESD stakeholders. 
• Identify new data sources based on the outcomes of data quality assessments to extend the range of economic statistics for ESD stakeholders, to enable effective decision making.
• Monitor published statistics to ensure they meet agreed quality standards.
• Monitor the metadata registry by ensuring compliance with the metadata framework.
• Proactively identify data and statistical integrity and quality issues.
• Participate in relevant data management projects.
• Stay abreast with current data management methodologies and new developments in all knowledge areas and ensure supervised application thereof.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

Job requirements

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

• a minimum of a Bachelor’s degree in Information Technology, Computer Science, Mathematics or a related and equivalent qualification;
• a minimum of one to two years’ job-related experience with a strong background in data management, data sourcing and data stewardship; and
• relevant certifications (will be an added advantage).

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Detailed description

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

• Contribute to the development of the IAD’s strategy and operational plan, clearly conveying the vision and strategic goals of the SARB Group and department to the division.
• Create operational plans for the division that align with the IAD’s strategy and mandate and ensure their implementation.
• Ensure the division’s processes and resources adhere to the Institute of Internal Auditors’ (IIA) standards and audit methodology.
• Drive and manage the division’s outputs to support the IAD’s objectives.
• Represent the IAD in various SARB Group forums and committees, including the Board Audit committees.
• Identify and mitigate departmental risks, ensuring compliance with relevant governance frameworks.
• Develop and oversee the implementation of departmental procedures and systems, ensuring alignment with related functions and the organisational value chain.
• Foster and manage relationships with internal and external stakeholders at various seniority levels.
• Oversee team performance and promote career management and development.
• Ensure continuous improvement in the division’s delivery and functioning.

Qualifications

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

• at least an Honours degree (NQF 8) in Internal Auditing, Information System, Accounting, or Risk Management, or an equivalent qualification; and
• a Chartered Accountant (CA (SA), or Certified Information Systems Auditor (CISA) or Certified in Internal Auditing (CIA) qualification; and
• a minimum of 10 to 12 years’ experience within forensic auditing environment.

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Detailed description

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

• Assist in conducting research based on international best practice and practices in other jurisdictions that are similar to the South African market to better inform the development of a robust regulatory framework for South Africa. 
• Participate in industry engagement sessions as well as engagements with other financial sector regulators and internal stakeholders in the development of regulatory frameworks for the Prudential Authority (PA).
• Assist in the development of regulatory frameworks for the PA by working closely with senior executives in the PA’s Policy Division.
• Assist in engagements with regulated financial institutions, where required. 
• Provide secretariat support for the governance structures within the PA. 
• Provide input into the areas of policy development for the PA, which will specifically include, but not be limited to, work on the insurance regulatory framework.

Job requirements

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

• a postgraduate qualification in Law, Finance, Economics or an equivalent qualification; and
• a minimum of two to five years’ experience in conducting policy-related research, drafting regulatory instruments or formulating policy and analytical skills in a relevant field.

The following would be an added advantage:

• practical experience in the insurance regulatory environment; and
• practical experience in conducting research, and demonstrable drafting and analysis skills in the financial sector.
• an understanding of developments in recent financial sector reforms;

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Detailed description

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

• Review the work of internal auditors, providing necessary on-the-job coaching and training as needed.
• Actively contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing internal auditing within the SARB.
• Stay abreast of and apply current work methods, analytical techniques and protocols relevant to audit work,
• Conduct research and compile thorough, concise and reliable preplanning working papers that reflect research outcomes as part of the process understanding,
• Define the scope and objectives of audit assignments,
• Perform engagement risk assessments, walkthroughs and adequacy assessments using research and analytical tools,
• Develop an audit programme to address audit objectives,
• Lead audit projects or assignments to meet targeted milestones,
• Execute the audit programme, including conducting, evaluating, documenting and concluding on the results of the audit tests in the working papers,
• Draft detailed audit findings that include standard, condition, root cause, impact and recommendations, and
• Prepare reports, participate in engagements with departments and present audit findings and recommendations.

Qualifications

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

• a minimum of an Honours degree (NQF 8) in Internal Auditing, Information System, Accounting, Risk Management, or an equivalent qualification;
• a Certified Internal Auditor (CIA) , Certified Information Systems Auditor (CISA) or a Chartered Accountant CA(SA) qualification; and
• a minimum of five to seven years’ experience within an  auditing environment.

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Detailed description

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

• Develop and embed a QAIP strategy as mandated by the Institute of Internal Auditors (IIA) Standard 1300 and provide timely assurance on the QAIP monitoring results to the IA function.
• Provide advice on emerging risks, themes and strategic opportunities relevant to quality assurance, improvement themes and professional practice matters.
• Create, implement and continuously improve a QAIP, including detailed initiatives and plans to ensure IA remains at the forefront of the industry and conforms to the International Professional Practices Framework (IPPF) and related IIA Standards.
• Develop, implement and continuously improve IA methodology to ensure that the IAD meets industry and regulatory standards and is effectively embedded across the function.
• Manage the performance and development of the QAIP team to sustain IA’s reputation, capability and independence within the South African Reserve Bank (SARB).
• Work with training teams to ensure timely remediation and continuous improvement of IA quality matters.
• Establish and maintain a professional working relationship with key stakeholders, including external auditors during external reviews.
• Review the outcomes of the IA skills assessment and ensure that relevant training and upskilling initiatives are available to build the required skills and capability.
• Guide audit teams on the practical application and implementation of IA methodology principles.
• Provide regular methodology training and updates to IA auditors, including new recruits.

Qualifications

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

• a minimum of an Honours degree (NQF 8) in Internal Auditing, Accounting, Risk Management or Information Systems;
• a Chartered Accountant (CA (SA) or Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) qualification; and
• a minimum of 8 to 10 years’ experience within an auditing environment with quality assurance experience.

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Detailed description

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

• Review and maintain the QAIP to ensure adherence to the International Professional Practices Framework (IPPF) and IAD policies and procedures, and identify areas of improvement.
• Conduct and document quality assurance reviews, providing actionable recommendations for corrective measures.
• Monitor the implementation for corrective actions to ensure issues are resolved promptly and affectively.
• Stay updated on industry trends and best practices through research/benchmarking activities, focusing on professional practices and quality assurance.
• Advise audit teams on the practical application and implementation of IA Methodology principles.
• Deliver regular methodology training and updates to IA staff, including new team members.
• Coordinate and support the declaration of independence and objectivity within the IA function.
• Conduct annual internal quality assurance assessments against the IIA Standards and code of ethics to ensure compliance.
•   Serve as liaison with external auditors and manage the external quality review process.
• Collaborate with the Risk Management and Compliance Department to coordinate the department’s risk management activities.

Qualifications

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

• a minimum of an Honours degree (NQF 7) in Internal Auditing, Accounting, Risk Management or Information Systems; and
• a Chartered Accountant (CA(SA)), or Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) qualification; and
• a minimum of 5 to 8 years’ experience within an auditing environment with quality assurance experience.

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Detailed description

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

• Design, implement and assist with maintaining and continuously improving forensic audit tools to ensure a structured forensic auditing approach within the SARB Group.
• Conduct forensic audits based on the audit universe to identify non-compliance or deviations from existing Bank-wide policies and procedures.
• Conduct forensic investigations by gathering, analysing and preparing evidence in a manner suitable for further action.
• Perform fraud risk assessments to identify high-risk fraud exposure within the SARB Group.
• Provide quality reports and recommendations on gaps in GRC.
• Develop and implement fraud awareness initiatives and training within the SARB Group.

Qualifications

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

• a minimum of an Honours degree or NQF 8 qualification relating, Forensic Auditing, Accounting, Risk Management, or an equivalent qualification;
• a Certified Fraud Examiner (CFE) and or Certified Internal Auditor (CIA) qualification; and or Chartered Accountant (CA);
• a minimum of five to seven years’ experience within a forensic auditing environment. 

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Detailed description

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

• Leading and managing a team of quantitative analysts responsible for assessing banks’ applications to calculate regulatory capital on advanced approaches such as the advanced internal rating-based (AIRB) approach;
• assessing material changes made to the risk measurement models used for regulatory capital calculation of banks already on the AIRB approach;
• assessing banks’ applications to calculate regulatory capital on advanced approaches such as the advanced internal rating-based (AIRB) approach;
• monitoring and analysing risk measurement models throughout the industry, including the analysis of data and conducting of thematic reviews; and providing, as required, specialist training to risk support and frontline supervision staff members on risk measurement models used by banks.
• Providing technical assistance and guidance to a team of quantitative analysts.
• Managing team deliverables, including work plans, resource allocation, supervision of the team, understanding of processes and systems, as well as driving change and innovation.
• Managing deliverables of a team of quantitative analysts, thereby ensuring that model-based regulatory data reported by banks have integrity and validity.
• Managing team performance and talent management, including learning and development of team members and succession planning.
• Contribute to the team’s compliance with the South African Reserve Bank’s governance, risk management, and information management policies and procedures.
• Contribution to special projects in the Prudential Authority.

Qualifications

To be considered for this position, candidates must have:

• A postgraduate degree (at least NQF level 8) in Mathematics, Statistics, Actuarial Science, or any other related field.
• 8 - 10 year’s working experience in model validation and / or model development in the financial sector.
• Two years of experience in managing people.

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Detailed description

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

• Prioritise and escalate IT incidents, coordinate the incident response team and facilitate the implementation of workarounds. 
• Track IT incidents, perform trend analysis, conduct post-mortems after major incidents and organise the problem management team to carry out root cause analysis.
• Lead multiple incident response teams across the South African Reserve Bank (SARB) during escalated IT incidents and ensure adherence to the process.
• Liaise with third-party suppliers to resolve IT incidents. 
• Implement various root cause analysis techniques to identify the root causes to IT problems.
• Facilitate the assessment of problem and incident process maturity and drive the maturation of the processes.
• Train and coach all support tiers in problem and incident management processes.
• Keep abreast of developments in IT service management and standards related to best practices of incident and problem management.
• Track and analyse trends in incident reports and generate statistical reports to support proactive problem management.
• Analyse the performance of incident management activities and document resolutions, identify problems and deliver solutions to enhance service quality and prevent future issues.

Job requirements

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

• at least a Bachelor’s degree in Computer Science (NQF 7) or a combination of an equivalent qualification and job-related experience; 
• certification in ITIL Version 3 or ITIL 4 Foundation, COBIT 2019 Foundation; and
• a minimum of five to seven years’ experience in an IT service environment, including managing stakeholders to resolve problems.