Hot Jobs at South African Reserve Bank

Detailed description

The successful candidate will be responsible for the following key functions:

• Contribute to the formulation and implementation of the SARB learning and development strategy.
• Partner with departments to identify and interpret their skills needs. 
• Develop learning plans and learning journeys for client departments.
• Conduct research, design and develop relevant and fit-for-purpose learning interventions to address identified needs.
• Manage leadership development programmes to develop leading the SARB Way competencies.
• Manage the implementation of the coaching and mentoring framework.
• Manage and coordinate personal and team effectiveness interventions.
• Apply relevant digital learning technologies, systems and platforms to enhance learning.  
• Build strategic partnerships with academics, experts and other learning providers to deliver the best learning solutions for the client departments.
• Evaluate the quality and impact of programmes.
• Compile integrated reports and provide recommendations for continual improvement of learning solutions.
• Establish, maintain and promote working relationships with internal and external stakeholders.
• Contribute towards building a culture of continuous learning. 
• Serve as a learning facilitator/integrator during learning interventions.

Qualifications

To be considered for this position, candidates must have:

• an Honours degree in Industrial Psychology, Human Resources Development or an equivalent (NQF 8) qualification; 
• 8−10 years of learning and development consulting and/or instructional design and/or facilitation experience in academia or corporate learning; and

Additional requirements include

• a thorough understanding of corporate learning; 
• understanding of learning and quality assurance policies;
• human capital development and continuous learning;
• ability to design and curate learning content to address needs of client departments;
• strong learning integration and facilitation skills; 
• ability to use blended approach of learning methodologies through emerging instructional methods and technologies;
• stakeholder relations; and
• communication and interpersonal skills.

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Detailed description

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

• Design and build network infrastructure solutions and ACI that align with the SARB’s requirements.
• Lead and drive the implementation of network infrastructure designs, ensuring alignment with the defined architecture.
• Manage the network infrastructure life cycle
• Provide expert guidance on network infrastructure solutions, support ACI adoption and participate in other SARB Group projects.
• Ensure that network infrastructure solutions adhere to the governance and security model developed by the Cyber and Information Security Unit Division.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures and instructional documents related to network infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of deployed network infrastructure solutions and technologies.
• Identify, address and remediate risks in the network infrastructure environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in network infrastructure and technologies.
• Be responsible for network infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.
• Prepare network performance, capacity and problem resolution reports.

Job requirements

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

• a minimum of an Honour’s degree (NQF 8) in Information Technology, Computer Science or an equivalent qualification in a related field;
• certification as a Cisco Certified Network Associate (CCNA); and
• at least 8 to 10 years’ experience in network infrastructure, with a strong track record of designing and implementing ACI in enterprise organisations.

The following certifications will be an advantage:

• Cisco Certified Internetwork Expert (CCIE) Data Center;
• Cisco Certified Network Professional (CCNP) Enterprise; and
• ITIL v3/4 and COBIT 2019. 

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Detailed description

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

• Participate in the strategic processes of the department. 
• Contribute strategically to the development of the department’s annual audit plan by identifying and elaborating on priority risks affecting departments and the SARB.
• Prepare case studies and conduct training sessions within the department.
• Mentor other auditors and provide training to managers in areas of governance, risk management and control relevant to the SARB. 
• Lead a team of auditors on audit assignments of varying complexity. 
• Plan audits, allocate and provide quality assurance work, project manage the delivery to set milestones and manage the relationships with the internal clients. 
• Integrate the research of different auditors and the findings from audit tests to scope and set the objectives of the audits and prepare audit recommendations. 
• Compile and review thorough, concise and reliable audit reports, quality assuring and integrating the inputs of other auditors into the final report. 
• Present audit results to the SARB’s heads of department and, where necessary, the executive management of the SARB and the SARB’s Audit Committee. 
• Take responsibility for the performance and development of the team.
• Stay abreast of and actively contribute to the development of new internal audit approaches and best practices (methods, analytical techniques, new models, procedures) in the SARB. 
• Lead briefings and presentations with departments and engage senior managers and other technical auditors in the SARB. 

Qualifications

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

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

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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, instructional documents and other material relating to network security solutions.
• Provide expert input on network security solutions and optimisation.
• Plan and manage the technology life cycle of 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 any network vulnerabilities identified by auditors and governance-related assessments.
• Stay abreast of new developments in network security solutions and technologies.
• Provide network expertise in information and communication technology (ICT) network security projects, and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for network security deployment for disaster recovery and resource allocation 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 analysis 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.

Job requirements

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

• the minimum of an Honours degree (NQF 8) in Information Technology (IT) or Computer Science, or an equivalent qualification;
• industry certifications;
• a Cisco Certified Network Associate (CCNA); and
• the minimum of 8–10 years’ experience in network security solutions, with a strong track record of designing and implementing network security solutions in enterprise organisations.

The following would be an added advantage:

• MCisco Certified Network Professional (CCNP);
• ITIL v3/4 and COBIT 2019; and
• Certified Information Systems Security Professional (CISSP) certification.

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Detailed description

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

• Understanding institutions’ strategies and business models in the relevant environments to which the risk types relates;
• monitoring the relevant industry’s exposure to the risk types;
• monitoring industry compliance with regulations governing these risk types;
• benchmarking an institution’s risk management practices with respect to the risk types management best practice;
• evaluating an institution’s internal models for management of these risk types;
• providing specialist input with regards to the risk types to front-line supervision and policy development;
• developing analytical methods to analyse and interpret risk-based regulatory data submissions;
• participating in capital/own fund requirement-adequacy assessments;
• contributing to risk-based meetings with representatives of an institution and their auditors;
• conducting thematic reviews pertaining to the risk types; and
• informing the RSD of the aggregate behaviour of banks pertaining to the risk types.

Regulation

• Developing and maintaining regulations and instructions governing statutory requirements for the risk types; 
• developing internal policies and processes for supervising the risk types; and
• participating in international and domestic related forums in the establishment of regulations pertaining to the risk types.

Training

• Ensuring widespread cognisance and understanding throughout the PA of the concepts and developments in the field of the risk types.

Job requirements

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

• a postgraduate degree (at least NQF level 8) in Finance, Banking, Economics, Mathematics, Statistics, Computer Science, Data Science, or another relevant quantitatively focused degree; preference will be given to candidates with financial mathematics or financial engineering post-graduate qualifications;
• 5-8 years applicable experience in the banking, insurance or financial regulatory sector in positions related to the risk types;
• knowledge of, and experience in, the banking, insurance, and financial market infrastructure systems, financial products, regulations, and risk type approaches and models;
• asset class experience across equities, FX, fixed income, etc;
• thorough knowledge of the various standards developed by the international standard setting bodies related to the risk types at both a theoretical and practical level.

The following would be an added advantage: 

• Chartered Financial Analyst (CFA);
• Financial Risk Manager (FRM) certification;
• Certificate in Quantitative Finance (CQF) or another industry-recognised certification; and/or
• Master of Business Administration (MBA) or another relevant Master’s-level (or higher) management-related qualification.

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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.

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Detailed description

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

• Develop policies and ensure the implementation of conditions for the lawful processing of personal information within the SARB Group.
• Oversee the development and maintenance of personal information frameworks, processes, measures, Promotion of Access to Information Act 2 of 2000 (PAIA) manuals, privacy tools, standards and procedures to ensure the lawful processing of personal information.
• Conduct impact assessments on existing processes and new projects to identify compliance gaps and recommend remedial actions.
• Lead the resolution of incidents and subject requests in line with service level agreements.
• Guide investigations and requests from the regulator and internal/external stakeholders.
• Provide training to key role players to increase their competence in executing information roles across the Group.
• Conduct awareness sessions to boards and executive committees and oversee sessions for the management committee.
• Provide statutory reporting to the regulators as required.
• Provide advisory and consultancy services on data privacy and access to information to the SARB Group.
• Stay informed about local and international (including other central banks) developments and best practices and ensure their application within own work.
• Ensure governance forums fulfil their responsibilities according to privacy legislative requirements.
• Approve any privacy and security technical solutions, ensuring they meet legislative requirements.
• Manage internal and external stakeholder relationships, ensuring sound and productive relationships.
• Prioritise a privacy auditing approach for the Group.
• Manage team performance and support career management and development.
• Lead the team with set objectives and targets, prioritise work, and manage resource utilisation and the quality of deliverables.

Job requirements

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

• an Honour’s degree in Compliance, Law, Information Systems, Risk Management or an equivalent qualification in a related field;
• a certified information privacy manager qualification;
• a certified information security professional (CISSP), certified information security manager (CISM) or equivalent qualification; and
• at least 8 to 10 years’ experience in data privacy, data protection or information security – either from a compliance or implementation perspective of which at least 3 years should be in people management.

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Detailed description

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

• Defining own work plan and deliverables with guidance from Team leader/senior developer. 
• Conducting analysis and design quality IT solutions according to approved business requirements and in line with governance frameworks.
• Delivering quality IT solutions through development, integration, testing and deployment according to the approved design specification and within agreed timelines. 
• Ensuring total quality of an IT solution according to approved standards.
• Consistently providing IT solution maintenance and support in the designated area, thereby ensuring business continuity in line with the agreed service standards. 
• Keeping abreast of developments in information and communication technology (ICT) trends and within the specialised area of technology in order to design and develop the most appropriate IT solution within the area of responsibility.
• Actively participating and supporting the team towards the completion of goals.
• Mentoring and coaching of team members.
• Engaging with internal and external user communities to ensure that business benefits are realised.

Job requirements

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

• a Bachelor’s degree in Computer Science/Information Systems or an equivalent qualification (NQF 7);
• five to eight years’ experience within an application development and support environment
• web services and experience in Natural development;
• experience working with ADABAS databases; and
• experience working with NaturalOne.

The following will be an added advantage

experience with Linux add-on software:

• Xi-Text
• ESP Batch
• ESP Control
• Experience with XML, web services and JSON
• experience in the installation and configuration of Software AG products in a Unix/Linux environment
• Solid knowledge of EntireX

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Detailed description

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

• Prepare and/or oversee preparation of Monetary Policy Committee (MPC) presentations.
• Contribute chapters and/or boxes for the Monetary Policy Review.
• Conduct economic research and analysis to inform policy, including the preparation of economic notes and research briefs.
• Draft speeches, reports and briefing notes as required.
• Gather economic insights through structured interviews with executives of firms and other key stakeholders.
• Build and maintain a comprehensive ‘intelligence’ stakeholder database.
• Design and/or refine economic intelligence processes and methodologies to enhance impact.
• Synthesise and report on economic intelligence insights to the MPC and other internal stakeholders.
• Supervise junior staff within the division.

Qualifications

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

• a Master’s degree in Economics or an equivalent qualification; and
• five to eight years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics.

Additional requirements include:

• ability to work effectively both independently and within a team or project-based environment;
• a proven track record in economic analysis and research;
• excellent verbal and written communication skills;
• keen attention to detail; and
• innovative thinking with strong initiative and drive.

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Detailed description

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

• Contribute to the preparation of Monetary Policy Committee presentations.
• Contribute chapters and/or boxes for the Monetary Policy Review.
• Conduct economic research and analysis to inform policy, including the preparation of economic notes and research briefs.
• Draft reports and briefing notes as required.
• Gather economic insights through structured interviews with executives of firms and other key stakeholders.
• Assist with building and maintaining a comprehensive ‘intelligence’ stakeholder database.
• Contribute to the design and/or refinement of economic intelligence processes and methodologies.

Qualifications

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

• a Master’s degree in Economics or an equivalent qualification; and
• five to eight years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics.

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WHAT WE DO

Monetary Policy

• The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

• The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

• The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

• Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

• The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

• The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

• The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

• Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Degree Level

• NQF 5: Higher Certificates and Advanced National Vocational Certificate

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Detailed description

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

• Apply global standards to the decision-making process when clearing alerts generated by the onboarding process, sanction screening and transactional monitoring systems in the capacity as a Level 1 approver.
• Monitor the updates to sanctions lists and submit for approval, where applicable, to ensure that systems are up-to-date, enabling accurate tracking and record-keeping.
• Support the Sanctions Manager by providing input into the development of policies and procedures for anti-money laundering, combating the financing of terrorism and combating proliferation financing (AML/CFT/CPF), sanction screening and transactional monitoring.
• Collate and document input on the development of policies and procedures for AML/CFT/CPF, sanction screening and transactional monitoring and submit for review.
• Coordinate and manage meetings and workshops. 
• Maintain and manage efficient records management in compliance with the South African Reserve Bank’s policy.
• Manage (log, monitor, escalate, transfer, resolve and close) sanctions-related incidents.
• Support the Sanctions Manager in conducting money laundering, terrorist financing and proliferation financing risk assessments. 
• Support the Sanctions Manager in evaluating the effectiveness of the sanction and transactional monitoring screening systems and recommend improvements to the rules and parameters of these systems, where necessary. 
• Test the effectiveness of rule and parameter changes made to screening systems, when required.
• Support and manage projects arising from changes to regulations, business and technology, where required.
• Compile and submit suspicious transactions reports to the Sanctions Manager. 
• Build relationships with relevant internal and external stakeholders to promote a culture of compliance and awareness of sanctions and money laundering-, terrorist financing- and proliferation financing-related risks.
• Stay abreast of relevant AML/CFT/CPF and sanction regulations, global best practice and ensure application thereof (e.g. changes to policies, rules and regulations, legislation and systems).

Qualifications

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

• a Bachelors degree in Finance, Law, Risk Management or an equivalent qualification; and
• two to five years’ experience in compliance and risk management environment, with a focus on AML/CFT/CPF and sanctions compliance. 

The following would be an added advantage:

• certification as an Anti-Money Laundering Specialist (CAMS).

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Detailed description

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

• Apply global standards on the decision-making process when clearing alerts generated by the onboarding process, sanction screening and transactional monitoring systems in the capacity as a Level 2 approver.
• Approve the sanctions lists updates to ensure that systems are up-to-date to enable accurate tracking and record-keeping.
• Identify and mitigate sanctions risks by taking decisions, updating internal watchlists and ensuring that action is taken as per the applicable business processes and regulatory requirements.
• Provide input into the development of policies and procedures for anti-money laundering, combating the financing of terrorism and combating proliferation financing (AML/CFT/CPF), sanction screening and transactional monitoring.
• Review the documented input on the development of policies and procedures for AML/CFT/CPF, sanction screening and transactional monitoring for approval.
• Support the Sanctions Manager in conducting money laundering, terrorist financing and proliferation financing risk assessments to identify any areas of potential vulnerability and implement appropriate controls.
• Support the Sanctions Manager in evaluating the effectiveness of the sanction and transactional monitoring screening systems and recommend improvements to the rules and parameters of these systems, where necessary. 
• Review test results for the effectiveness of rule and parameter changes made to screening systems, when required.
• Support and manage projects arising from changes to regulations, business and technology, where required.
• Oversee the daily alert management process.
• Compile or review and submit suspicious transactions reports to the Sanctions Manager. 
• Assist the Sanctions Manager in consolidating information regarding the escalation of suspected violations to senior management and/or to the Sanctions Committee, where applicable.
• Build relationships with relevant internal and external stakeholders to promote a culture of compliance and awareness of sanctions and money laundering-, terrorist financing- and proliferation financing-related risks.
• Stay abreast of relevant AML/CFT/CPF and sanction regulations, global best practices and ensure application thereof (e.g. changes to policies, rules and regulations, legislation and systems).

Qualifications

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

• a Bachelors degree in Finance, Law, Risk Management or an equivalent qualification; and
• three to five years’ experience in compliance and risk management environment, with a focus on AML/CFT/CPF and sanctions compliance.

The following would be an added advantage:

• certification as an Anti-Money Laundering Specialist (CAMS).

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Detailed description

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

• Monitor financial market developments and analyse market pricing, flows and behaviour to identify emerging risks, shifts in expectations and potential sources of monetary or financial instability.
• Combine qualitative intelligence with quantitative data, models and surveys to produce clear analytical insights. 
• Research and implement relevant new methods, analytical techniques and best practices related to gathering, analysis and reporting of market intelligence.
• Engage directly with a wide network of external financial market participants, including banks, asset managers, insurers and infrastructure providers.
• Systematically gather, aggregate and challenge qualitative intelligence from market contacts, ensuring diversity of views.
• Maintain strategic relationships with key participants in the financial markets.
• Produce high‑quality written briefings, dashboards and presentations for senior policy forums, including the Monetary Policy Committee and Financial Stability Committee.
• Contribute directly to briefing packs and narrative used in MPC and FSC.
• Support the design, evaluation and communication of market operations and facilities. 
• Contribute to the design, execution and analysis of structured intelligence tools, combining survey data with broader market intelligence.
• Use survey results to assess market expectations, perceptions of policy and macroeconomic risks. 
• Collaborate with colleagues across the SARB to deliver on cross‑cutting analytical projects, horizon scanning exercises and longer‑term research agendas.
• Transfer knowledge and skills to junior specialists, which includes providing technical support and monitoring their progress.
• Assist with committee administration and provide secretarial support. 
• Perform ad hoc tasks.

Qualifications

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

• an Honours degree (NQF8) in Economics, Finance, Financial Engineering, Statistics or related field or an equivalent combination of education and job-related experience; and 
• five to eight years of job-related experience in financial markets

The following will be an added advantage:

• strong understanding of financial markets and instruments
• demonstrated analytical skills, with the ability to synthesise complex qualitative and quantitative information into clear judgments;
• excellent written and verbal communication skills;
• ability to build credibility and relationships with external market participants;
• strong judgement and professional integrity when handling sensitive market information;
• knowledge of quantitative finance;
• proficient in Microsoft Office, R and/or Python; and
• proficient in data analysis.