Hot Jobs at South African Reserve Bank

Detailed description                                                                                       

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

• Review the work of internal auditors by providing necessary on-the-job coaching and training as needed. 
• 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 clear 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 finalising audit tests within the working papers. 
• Draft detailed audit findings that include standard, condition, root cause, impact and recommendations. 

Job requirements

To be considered for this position, candidates must have:

• 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 
• five to seven years’ experience within an auditing environment. 

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

• Contribute to the development and maintenance of supervisory frameworks through continuous benchmarking exercises and research to ensure that it conforms to international best practices.
• Contribute to the development and execution of a supervisory programme. 
• Contribute to the continuous improvement of the supervision process and the updating of changes to supervisory methods and processes. 
• Identify areas of improvement and provide input into the development/amendments of relevant legislation, regulation and best practice standards.
• Supervise the NPS participants (e.g. financial market infrastructures, FinTech entities and significantly important financial institutions) and make recommendations to ensure their soundness and compliance with relevant regulations, frameworks and participation criteria. 
• Lead briefings and make presentations to applicable stakeholders regarding supervision, supervisory findings and make recommendations on related matters.
• Draft formal correspondence (e.g. directive letters, memos and letters) to NPS participants.
• Act as a point of contact to identified supervised entities for matters relating to supervision.
• Contribute to the creation and maintenance of the NPS supervisory universe (NPS Act, directives and frameworks).
• Produce relevant presentations and reports, integrating the inputs of other analysts, deepening and elaborating these into final reports to be shared with relevant stakeholders, as required.
• Train and share knowledge and create awareness to stakeholders on matters relating to supervision. 
• Represent the South African Reserve Bank, relating to payment system related matters, at industry meetings, forums, working groups, committees and so on.
• Initiate, conduct and participate in investigations, inspections and audits for the purposes of ensuring compliance and maintaining the safety and efficiency of the NPS. 
• Collect, collate, analyse and provide accurate and meaningful information and data to relevant stakeholders as and when required.

Qualifications

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

• an honours degree in commerce, economics, finance, risk management, accounting or an equivalent qualification;
• five to eight years’ experience in the banking or financial sector, including evidence of managing deliverables in leading projects, with three years’ experience in a payment system environment.

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

• Plan the work for the team, using discretion in defining and prioritising team members’ tasks.
• Supervise the section’s administrative processes, ensuring adherence to relevant legislation, regulations and SARB policies.
• Engage with relevant stakeholders and clients, both within the SARB and external, displaying service orientation in own work as well as the ability to handle queries and convey/explain information clearly.
• Ensure adherence to controls.
• Ensure that work is performed independently within established practices as well as given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.
• Diagnose problems and either choose or modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context.
• Supervise and review the calculations, accounting input and data captured by team members, ensuring accuracy, completeness and timeous delivery.
• Proactively broaden own knowledge in loans administration, displaying a willingness to improve processes, methods and practices.
• Provide guidance and coaching to support the development of the team.
• Review staff loan applications, payroll and loan administration inputs as well as payments.
• Review the monthly reconciliations to ensure accuracy, completeness and timeous submission thereof.
• Provide input in process enhancements and automation to improve efficiencies.

Qualifications

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

• a Bacher of Commerce degree (NQF 7) in Financial Management or Financial Administration, or an equivalent qualification in a related field; and
• at least 2–4 years’ experience in a financial services environment.

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Detailed description

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

• Understand institutions’ strategies and business models in the relevant environments to which the risk types mentioned above relate. 
• Monitor the relevant industry’s exposure to the risk types.
• Monitor industry compliance with the regulations governing these risk types.
• Benchmark institutions’ risk management practices with respect to best practice.
• Provide specialist input with regards to the risk types to front-line supervision and policy development.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Participate in capital/own fund requirement adequacy assessments.
• Contribute to risk-based meetings with representatives of institutions and their auditors.
• Conduct thematic reviews pertaining to the risk types.
• Develop and maintain regulations and instructions governing the statutory requirements for the risk types. 
• Develop internal policies and processes for supervising the risk types.
• Participate in international and domestic forums related to the establishment of regulations pertaining to the risk types.
• Ensure 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 (NQF 8) in Banking, Computer Science, Data Science, Economics, Finance, Financial Mathematics, Financial Engineering or Statistics, or another relevant quantitatively focused postgraduate degree; and
• at least 5–8 years of applicable experience in the banking, insurance, financial market infrastructures or financial regulatory sectors in positions related to the risk types.