Hot Jobs at South African Reserve Bank

Job Description

• South African Reserve Bank Communications Internship for 2026
• The South African Reserve Bank (SARB) has a partnership agreement with Rhodes University School of Journalism to help improve the quality of economic and financial journalism. In line with this partnership, SARB is offering an internship opportunity to students registered in the Rhodes School of Journalism.
• The internship period will be from February 2026 to January 2027. A market related stipend will be provided to the successful candidate for the duration of the internship.
• Students who are currently doing their final year or postgraduate studies may apply. To be considered, students must complete the attached form and forward it together with their CV to Azola Dayile at [email protected]
• The closing date for applications is 08 August 2025. Further enquiries may be directed to Azola Dayile on 065 891 7220.

Qualifications

• Students who are currently doing their final year or postgraduate studies may apply

go to method of application »

Detailed description

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

• Draft prudential policy papers, policy positions and regulatory instruments.
• Implement the Prudential Authority’s (PA) strategic objectives.
• Analyse the relevance/appropriateness of international standards on highly specialised fields in banking, insurance and financial market infrastructures, with a specific focus on financial market infrastructures, structured debt instruments and market risk.
• Develop and refine policy tools/frameworks on banking, insurance, financial market infrastructures and all related work in terms of the Financial Sector Regulation Act 9 of 2017 (FSR Act), with a specific focus on financial market infrastructures, structured debt instruments and market risk.
• Administer and implement prudential and joint policy and regulatory instruments.
• Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
• Analyse domestic and global regulations and the impact of these on financial market infrastructures.
• Monitor global prudential policy implementation frameworks and the impact of these on local regulatory frameworks.
• Provide highly specialised and detailed regulatory frameworks on prudential and joint regulation in the context of the FSR Act as well as on the regulatory framework for financial market infrastructures.
• Draft prudential and joint regulatory frameworks and instruments.
• Influence international standard-setting bodies and possibly represent the PA at such forums.
• Represent the PA in Parliament and other forums on policy matters and legislation.
• Adopt and adapt international standards to South African requirements to be purpose-specific to South Africa, yet compliant with international criteria.
• Be a custodian of the PA policy process and related governance processes.
• Coordinate and complete international surveys.
• Brief divisional heads, heads of department, the PA Chief Executive Officer (CEO), the SARB Executive and other stakeholders on policy positions on specialised topics.
• Represent the PA at various public forums (e.g. training, lecturing and presenting at conferences).
• Coordinate the PA ‘house view’ in collaboration with the SARB and other regulators.
• Conduct and coordinate ad hoc research on prudential-related topics.
• Draft speeches and similar documents for the PA CEO,  the SARB Executive on specialist topics.
• Prepare briefings on specialist topics for the PA CEO,  the SARB Executive as well as heads of department to represent the PA/SARB view locally and internationally.
• Take ownership and responsibility for the implementation of microprudential matters within the mandate of the PA and in support of the financial stability mandate of the SARB.

Job requirements

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

• a postgraduate degree (NQF 9) in Law, Finance, Accounting, Insurance, Banking or Economics; and
• 12 years’ experience in the financial markets infrastructure sector, financial sector or risk management environment.

Additional requirements include:

knowledge of: 

• the financial sector, specifically financial markets infrastructures, structured debt instruments and market risk;
• corporate governance and risk management practices and standards;
• international principles on financial market infrastructures, structured debt instruments and market risk;
• principles for financial market infrastructures;
• insurance core principles, solvency II or solvency assessment and management;
• banking core principles and Basel III;the financial sector, specifically financial markets infrastructures, structured debt instruments and market risk;
• corporate governance and risk management practices and standards;
• international principles on financial market infrastructures, structured debt instruments and market risk;
• principles for financial market infrastructures;
• insurance core principles, solvency II or solvency assessment and management;
• banking core principles and Basel III;
• problem-solving and analytical skills;
• planning and organising skills;
• verbal and written communication skills;
• strong presentation skills;
• financial and business acumen;
• team player;
• self-starter;
• attention to detail; and
• confidentiality.

go to method of application »

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

• Implement the Prudential Authority’s (PA) strategic objectives.
• Draft prudential policy papers, policy positions and regulatory instruments. 
• Analyse the relevance/appropriateness of international standards on highly specialised fields in banking, insurance and financial market infrastructures. Specific focus will be on cross-cutting regulatory frameworks derived from the Financial Sector Regulation Act 9 of 2017 (FSR Act) as well as those relating to member-based deposit-taking financial institutions (i.e. mutual banks, cooperative banks and cooperative financial institutions).
• Develop and /refine policy tools/frameworks on banking, insurance, financial market infrastructures and all related work in terms of the FSR Act (including fintech policy matters).
• Administer and implement prudential policy and regulatory instruments.
• Design and implement cooperation and collaboration mechanisms with the SARB for the purposes of financial stability.
• Analyse domestic and global regulations and the impact of these on the PA’s regulatory frameworks.
• Monitor global prudential policy implementation frameworks and the impact of these on local prudential regulatory frameworks.
• Provide highly specialised and detailed regulatory frameworks on prudential regulation in the context of the FSR Act and member-based deposit-taking financial institutions. 
• Draft prudential and joint regulatory frameworks and instruments.
• Influence international standard-setting bodies and possibly represent the PA at such forums.
• Represent the PA in Parliament and other forums on policy matters and legislation.
• Adopt and adapt international standards to South African requirements to be purpose-specific to South Africa, yet compliant with international criteria.
• Be a custodian of the PA policy process and related governance processes.
• Coordinate and complete international surveys.
• Brief divisional heads, heads of department, the PA Chief Executive Officer (CEO), the SARB Executive and other stakeholders on policy positions on specialised topics.
• Represent the PA at various public forums (e.g. training, lecturing and presenting at conferences).
• Coordinate the PA ‘house view’ in collaboration with the SARB and other regulators.
• Conduct and coordinate ad hoc research on prudential-related topics.
• Draft speeches and similar documents for the PA CEO and the SARB Executive on specialist topics.
• Prepare briefings on specialist topics for the PA CEO, the SARB Executive as well as heads of department to represent the PA/SARB view locally and internationally.
• Take ownership and responsibility for the implementation of microprudential matters within the mandate of the PA and in support of the financial stability mandate of the SARB.

Job requirements

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

• a postgraduate degree (NQF 9) in Law, Finance, Accounting, Insurance, Banking or Economics; and
• 12 years’ experience in the financial sector, banking sector, or risk management environment.

Additional requirements include:

knowledge of: 

• the financial sector, specifically in banking, mutual banking, cooperative banking or cooperative financial institution environments;
• international principles on deposit-taking financial institutions;
• banking core principles and Basel III;
• insurance core principles, solvency II or solvency assessment and management;
• policy implications relating to fintech;
• corporate governance and risk management practices and standards;
• problem-solving and analytical skills;
• planning and organising skills;
• verbal and written communication skills;
• strong presentation skills;
• financial and business acumen;
• team player;
• self-starter;
• attention to detail; and
• confidentiality.

go to method of application »

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

• Keep abreast with accounting and auditing developments affecting the regulated financial sector through review of pronouncements by the International Accounting Standards Board (IASB), International Auditing Assurance Standards Board (IAASB), the Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS) as it pertains to the industry.
• Provide technical support to the PA departments on the interpretation and application of accounting and auditing standards affecting the regulated institutions. 
• Liaise with external stakeholders such as the South African Institute of Chartered Accountants (SAICA), Independent Regulatory Board for Auditors (IRBA), Banking Association of South Africa (BASA), Association for Savings and Investments South Africa (ASISA) and the South African Insurance Association (SAIA) on accounting and auditing matters affecting the banking and insurance industries.
• Represent the PA on accounting standards and industry forums, where applicable, and inform the PA staff of local and international accounting and auditing developments.
• Monitor accounting and auditing-related industry data and associated trends.
• Engage with banks, insurance entities, auditors and other relevant parties on the implementation and impact of new accounting and auditing standards.
• Assess the impact of accounting and auditing pronouncements on the South African regulatory framework and assist with related policy formulation.
• Provide support to members of the BCBS and IAIS subcommittees, for example, the Policy Development Group, the Accounting Experts Group and the Accounting and Auditing Working Group, on accounting and auditing matters for input into policy formulation.
• Ensure alignment of the regulatory returns to International Financial Reporting Standards (IFRS) accounting standards.
• Assist with accounting and auditing-related training within the PA, where applicable.

Job requirements

To be considered for this position, candidates must have: 

• a postgraduate qualification in Accounting, Auditing (NQF 8), CA(SA) or CFA; and 
• five to eight years’ post articles experience in financial services, banking, insurance or financial risk management.

The following would be an added advantage:

• knowledge of the Basel framework and/or the Solvency Assessment and Management (SAM) framework at both theoretical and practical level; 
• practical experience in the banking and/or insurance regulatory environment; and
• practical experience in the technical accounting and/or auditing of banks and/or insurance companies.

Additional requirements include:

• knowledge of, and experience in, the banking and/or insurance sector, financial and banking products and relevant regulations, with particular emphasis on accounting/ auditing matters relating to banks and insurance entities;
• an understanding of developments regarding the accounting and auditing standards;
• competence in basic office information technologies;
• being a self-starter and able to function independently and proactively; and
• proficiency in verbal and written communication. 

go to method of application »

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

• Keep abreast with accounting and auditing developments affecting the regulated financial sector through review of pronouncements by the International Accounting Standards Board (IASB), International Auditing and Assurance Standards Board (IAASB), the Basel Committee on Banking Supervision (BCBS) and the International Association of Insurance Supervisors (IAIS) as it pertains to the industry. 
• Provide technical support to the PA departments on the interpretation and application of accounting and auditing standards affecting the regulated institutions. 
• Liaise with external stakeholders such as the South African Institute of Chartered Accountants (SAICA), Independent Regulatory Board for Auditors (IRBA), Banking Association of South Africa (BASA), Association for Savings and Investments South Africa (ASISA) and the South African Insurance Association (SAIA) on accounting and auditing matters affecting the banking and insurance industries. 
• Monitor accounting and auditing-related industry data and associated trends. 
• Engage with banks, insurance entities, auditors and other relevant parties on the implementation and impact of new accounting and auditing standards.
• Assess the impact of accounting and auditing pronouncements on the South African regulatory framework and assist with related policy formulation. 
• Provide support to members of the BCBS and IAIS subcommittees, for example, the Policy Development Group, the Accounting Experts Group and the Accounting and Auditing Working Group, on accounting and auditing matters for input into policy formulation. 
• Ensure alignment of the regulatory returns to International Financial Reporting Standards (IFRS) accounting standards. 
• Assist with accounting and auditing-related training within the PA, where applicable.

Job requirements

To be considered for this position, candidates must have: 

• a postgraduate qualification in Accounting, Auditing (NQF 8), CA(SA) or CFA. 
• two to five years’ post articles experience in financial services, banking, insurance or financial risk management.

The following would be an added advantage:

• knowledge of the Basel framework and/or the solvency assessment and management (SAM) framework at both theoretical and practical level; 
• practical experience in the banking and/or insurance regulatory environment; and
• practical experience in the technical accounting and/or auditing of banks and/or insurance companies.

Additional requirements include:

competence in basic office information technologies;

• an understanding of developments regarding the accounting and auditing standards;
• being a self-starter and able to function independently and proactively; and
• proficiency in verbal and written communication.

go to method of application »

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

•  Review, analyse and evaluate regulated institutions (banks and insurers) with regard to Pillar 3 Disclosures.
• Review and evaluate financial entities’ disclosure process for compliance with legislation requirements.
• Analyse and interpret risk-based regulatory returns and reconcile them with the Pillar 3 reported disclosures for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990, Insurance Act 18 of 2017), in line with international best practice.
• Interpret and develop amendments to the legislative framework, including the development of regulatory instruments (directives and standards), based on international best practices.
• Contribute towards the international and local Disclosure framework working committees.
• Contribute to the development and implementation of the supervisory review and evaluation process in respect of Pillar 3, in line with international best practice. 
• Develop and implement the supervisory framework in relation to Pillar 3 Disclosures for banking and insurance. 
• Report on the compliance of the entities to the Pillar 3 legislation.

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

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

The following would be an added advantage:

a Chartered Accountant (CA(SA)) qualification;

• being a Chartered Financial Analyst (CFA)
• being a Financial Risk Manager (FRM);
• membership of the Actuarial Society of South Africa (ASSA); and
• practical experience in a financial and/or business environment.

Additional requirements include: 

• knowledge of and experience in financial, banking or insurance products, regulations or risk models; 
• being conversant in the second Pillar of the Basel III framework at both theoretical and practical levels;
• keeping abreast of best practice in capital management; 
• an understanding of the Basel III framework regarding the definition of capital and leverage ratio; 
• be conversant in the Insurance Act 18 of 2017 and its Prudential Standards as well as the information for supervisory purposes submitted by the insurance industry;
• an understanding of the Insurance Core Principles, Guidance and Assessment Methodology;
• be conversant in the Financial Markets Act 19 of 2012 and its Regulations;
• a high level of knowledge, skills and experience in relevant areas of specialisation; 
• ability to work in a team and independently; 
• effective time management skills; 
• proficiency in verbal communication; and
• competence in written communication.

go to method of application »

Detailed description

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

• Define own work plan and deliverables with guidance from the line manager, and prioritise the delivery of own outputs against the work plan.

Deliver high-quality and relevant work, which includes to:

• design, develop, implement, test and maintain the SWIFT Alliance suite, the SWIFTNet Network and the SWIFTNet WebAccess infrastructures, including server operating systems, Cisco networks, IBM MQ series, the SWIFT hardware security model (HSM), the SWIFT virtual private network (VPN) and telecommunication links;
• gain an understanding of client requirements and provide technical assistance to other SWIFT colleagues and end users in their daily work;
• contribute to the preparation of system specifications, system testing, documentation, job controls and deliverables, including the maintenance of programme libraries and technical documentation; and
• contribute to the preparation of system specifications, system testing, documentation, job controls and deliverables, including the maintenance of programme libraries and technical documentation and discuss problems and possible solutions with senior team members.
• Perform SWIFT activities as well as SARB business continuity planning (BCP) and disaster recovery (DR) testing to meet business requirements.
• Perform SWIFT health checks as well as SARB-related internal and external audits.
• Be responsive to client requests, listen to and accommodate client needs, display appropriate flexibility, and keep clients updated at all times, including providing assistance with client requests relating to the SADC, the SAMOS system and SARB requirements (including travel).
• Comply with expected standards and procedures for the completion of processes and tasks, and propose improvements to workflow, processes, standard operating procedures and systems.
• Comply with the SARB’s policies, procedures and other legislative requirements in order to mitigate risks within the SWIFT environment.
• Demonstrate a strong understanding of the business and operational aspects related to the SWIFT environment and associated applications.
• Provide support to the business in relation to the management and maintenance of the SARB’s external financial information feeds, including the London Stock Exchange Group (LSEG), Bloomberg and IRESS.

Job requirements 

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

• at least a Bachelor’s degree (NQF 7) or an Advanced Diploma (NQF 7) in Information and Communication Technology (ICT); and
• at least 5–8 years’ job-related experience.

Additional requirements include:

• industry, organisational and business awareness, knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• BCP knowledge and skill;
• application support and maintenance knowledge and skill;
• infrastructure design and development knowledge and skill;
• infrastructure support knowledge and skill;
• network design and security knowledge and skill;
• systems integration knowledge and skill;
• systems specialisation knowledge and skill;
• information technology (IT) governance, risk and compliance knowledge and skill;
• testing knowledge and skill;
• business relationship management knowledge and skill;
• IT enablement reporting knowledge and skill; and 
• capacity and performance management knowledge and skill.

go to method of application »

Detailed description

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

• Advise and drive security minded thinking to ensure effective consideration of security control objectives across the SARB Group, while optimising processes.
• Provide technical direction, oversight, coaching and mentoring to BSTD team members in the operational and development landscape regarding security controls, ensuring the delivery of secure implementations.
• Define, design and optimise effective security mechanisms that enable secure business processes.
• Research and stay abreast of the threat landscape and the latest developments to mitigate cyber and system security risks, aligned to governance controls for systems on-premises and in the cloud.
• Identify security requirements, from business requirements, and define and guide the development and maturing of controls to enable a mitigated business risk.
• Liaise with security architects and technical teams as well as security service providers to share best practices and insights both within SARB Group and the industry.
• Assess the effectiveness and completeness of existing architectural artifacts and security patterns and provide direction on artifacts and pattern expansion in order to reduce the SARB Group’s risk posture.
• Evaluate implemented security controls and mechanisms for their effectiveness and identify gaps to improve and extend the use of such controls.
• Guide and ensure effective compliance measurement interpretation in order to ensure effective SARB Group risk posture reporting across all domains.
• Create, and provide input into the maintenance and definition of, security policies, frameworks and standards in accordance with corporate governance including the Bank’s policies, procedures and other legislative requirements.
• Develop and evaluate Requests for Information (RFIs) and Requests for Proposals (RFPs) for security specific solutions and provide guidance on security requirements for business solutions.
• To act on management requests to address or mitigate risks in the SARB Group environment as identified.
• To play a consulting role in responding to critical security incidents within the SARB Group as a member of the Incident Response team (CSIRT).

Job requirements

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

• A minimum of a BSc. Computer Science Honours / BSc. Engineering Honours (NQF 8) plus Industry specific qualifications OR equivalent;
• CISSP qualification is required. 
• 8–10 years’ experience in an information security function with at least 3-5 years of job-related experience in application/infrastructure/cloud security design and consultation.

Additional requirements include:

• Other industry specific qualifications such as SSCP, CCSP, CSSLP, CISM, TOGAF etc.  will be advantageous to aid in the selection of the focus area between applications and infrastructure both on premises and cloud
• Application security design
• Data security design
• Infrastructure security design
• System integration
• ICT industry standards
• Information security
• Services design
• Architecture views and viewpoints design
• Threat and Risk Analysis
• IT governance, risk and compliance
• Security frameworks and standards such as ISO 27000-series, NIST, etc

go to method of application »

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

• Proactively identify illegal MVTS operators and ARPs in the current exchange control environment by conducting extensive research in local and international jurisdictions.  
• Identify new trends employed by MVTS operators and ARPs to externalise funds from South Africa.
• Recommend or develop new ways to detect the methods MVTS operators and ARPs use to externalise funds. 
• Investigate, with limited supervision, basic, intermediate and complex matters involving alleged contraventions of the Regulations.
• Recoup, recover or regularise capital lost due to alleged contraventions of the Regulations. 
• Administer the collection, preservation and distribution of money and/or goods seized in terms of the provisions of the Regulations.
• Assist, under supervision, legal practitioners and law enforcement agencies with investigations and litigation. 
• Record all relevant information and correspondence regarding allocated investigations and provide investigative administrative support when required.
• Collate, report on and link data on all identified matters, including those under investigation and/or sanctioned. 
• Provide accurate reporting to all levels within the South African Reserve Bank (SARB) and external stakeholders.
• Participate in meetings and provide written reports linked to the above processes.

Qualifications

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

• at least a Bachelor’s degree in either law, commerce or forensics (in the accounting or financial fields), or an equivalent NQF level 7 qualification in a related field;
• a minimum of one to three years’ experience in financial or related investigations in the banking, financial sector and/or law enforcement environment; and
• knowledge of and experience in the application of the Currency and Exchanges Act 9 of 1933, the Regulations, Currency and Exchanges Manuals and other relevant legislation.

Additional requirements include:

• building and managing relationships;
• resilience and perseverance;
• good verbal and written communication skills; 
• good analytical and judgement skills;

knowledge and skill in:

• investigations report writing;
• analysis and problemsolving;
• sound judgement and decisionmaking; and
• planning and organising;
• advanced skills in Microsoft Excel and Word;
• ability to work under pressure; and
• a valid driver’s licence and the ability to travel from time to time to perform duties away from the SARB Head Office.

go to method of application »

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

• Process and finalise applications and correspondence of varying complexity within defined parameters. 
• Assist in the planning of inspections, lead the inspection process and report on inspections.
• Ensure compliance with the reporting requirements for cross-border transactions to prevent the abuse of the financial system and support the regulation of financial institutions.
• Enhance risk-based supervisory practices by embedding a data-driven decision-making culture.
• Supervise the preparation and finalisation of reports, such as statistical reports and management information.
• Provide input to stakeholder engagements with institutional investors, Authorised Dealers, National Treasury and other regulators. 
• Contribute to the operational plan of the section in line with the strategic focus areas of the department.
• Lead and guide the delivery and task execution of team members and provide input into the evaluation of their performance and development needs.
• Ensure compliance with applicable legislation, South African Reserve Bank policies, standards and procedures, including control procedures aimed at mitigating risks.
• Identify and implement process and system improvements within the division.

Qualifications

To be considered for this position, candidates must have:

• a Bachelor of Commerce degree or an equivalent NQF level 7 qualification;
• five to eight years’ experience in financial or banking services; and
• knowledge of the Currency and Exchanges Manual for Authorised Dealers and exchange control regulations as well as experience in conducting inspections will be an advantage.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• regulatory and supervisory awareness;
• business continuity planning;
• risk and compliance assessment, monitoring and reporting;

skill in:

• verbal and written communication (including presentation and report writing); 
• analysis and problemsolving;
• judgement and decisionmaking;
• planning and organising;
• a service and stakeholder focus;
• a drive for results;
• competence in Microsoft Office and workflow packages (e.g. Excel, Word, PowerPoint and SharePoint);
• financial and business acumen; and
• the ability to build and maintain professional relationships.

go to method of application »

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

• Develop the FinStab integrated risk management, project risk management, compliance, ethics and BCM implementation/work plan in collaboration and alignment with Risk Management and Compliance Department (RMCD) [the Hub].
• Facilitate and coordinate regular operational, project, compliance and ethics risk assessments as well as business impact analyses (BIA) and business continuity planning (BCP) review and update sessions in line with RMCD policies and frameworks, including BCM activities such as disaster recovery (DR) testing. 
• Support the Hub in strategic risk assessment (SRA) planning, scheduling and execution.
• Drive and champion the SARB ethics policy, serve as the first point of contact and provide advisory service to embed ethical behaviour, promote ethics awareness, support ethics governance activities and ensure ethics-related matters are reported through the appropriate channels.
• Develop FinStab’s emerging risk profile by continually scanning the external environment to identify emerging risks and to facilitate scenario analysis for the department.
• Monitor and identify changes in the applicable methodologies/legislation/regulations and local/international standards relating to FinStab’s area of accountability.
• Facilitate compliance risk assessments and compliance self-assessments in line with departmental legislative and regulatory requirements.
• Conduct research on applicable legislation, review prior compliance reports and support the maintenance of the departmental regulatory universe.
• Monitor implementation of the department’s strategic, operational, project, compliance and BCM risk response strategies and report progress to Spoke Management and the Hub.
• Identify training needs for all integrated risk management, project risk management, compliance, ethics and BCM and facilitate on-the-job training and awareness sessions for new employees.
• Create risk, compliance and specialised risk (cyber, physical and data privacy) awareness within the department through campaigns and appropriate media in consultation with the Hub.
• Act as the central point of contact between FinStab, the RMCD and cyber and physical security risk functions, facilitating communication and dissemination of risk-related information, including the coordination of departmental requests on compliance matters such as polycrisis, scenario analysis and information security risk assessments.
• Facilitate incident management processes, including the monitoring of corrective actions to closure.
• Coordinate and support internal audit-related requests, including the provision of evidence where required. 
• Coordinate business continuity management activities, including testing, business impact analyses, business continuity plan workshops and the maintenance of approved continuity records for departmental application systems.

Qualifications

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

• a Bachelors degree (NQF 7) in Risk and Compliance, Audit, Compliance Management, Finance or an equivalent;
• five to eight years’ experience in a risk, compliance, audit facilitation or related environment; 
• accreditation with BCI;
• ISO22301 certification; and
• ethics certification.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness; 
• quality assurance; 
• continuous improvement; 
• continued learning and/or professional development;  
• risk and compliance strategy; 
• legislation, governance, risk and compliance;  
• risk and compliance planning, assessment facilitation, monitoring and reporting;  
• risk and compliance administration; 
• risk and compliance information management; 
• ISO 31000;
• ISO 22 301;
• project management;
• general accepted compliance practices (Compliance Institute of South Africa);
• ethics handbook (The Ethics Institute); and
• the ability to:
• analysis and problem-solving;
• planning and organising;
• drive for results;
• communicate verbally and in writing;
• have interpersonal skills; 
• have impact and influence;
• learning focused;
• work in a team; 
• build and maintain relationships

go to method of application »

Detailed description

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

• To work closely with the Divisional Heads: Infrastructure, Operations and Service Management, in planning the growth and improvements, of executing data centre strategies to achieve delivery of a robust, reliable and resilient data centre.
• To formulate, implement, maintain and manage service standards with data centre service providers (internal and external) for the proactive preventative maintenance, upgrade and monitoring of data centres environmental controls.
• To ensure effective management of the collocated data centres, with regards to availability, reliability and stability.
• To ensure effective management of installations, upgrades and removal of IT Infrastructure, in compliance with required data centre standards.
• To oversee the management of ad hoc Data Centre related projects to contribute towards the sustainability of systems within BSTD 
• To compile and manage budgets with regards to the respective Data Centres and ensure expenditure within limits.
• To facilitate the delivery of section-specific outputs and manage the efficiency and quality of section deliverables.
• To optimise section resource use, allocate work and manage the accountability of resources.
• To identify gaps, inefficiencies, quality issues in the work of the section and take specific actions to implement improvements.
• To monitor and report on the quality, turnaround and impact of section deliverables.
• To be an alternate IT Service Continuity Manager and keep the IT Systems Recovery Teams abreast of any changes or risks on any data centre which may impact the availability and reliability of systems.
• To take responsibility for capacity planning by designing short- and long-term plans to ensure that data centre capacity meets existing and future requirements.

Job requirements

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

• A minimum of a bachelor’s degree OR equivalent (a qualification in Information Technology will be an added advantage).
• A minimum of 5-7 years of experience in an Information and Technology environment, including within IT infrastructure, operations and data centre management.

Any of the following data centre accreditations would be an added advantage:

• A CDS – Certified Data Centre Specialist.
• A CDCP – Certified Data Centre Professional.
• CDFOM – Certified Data Centre Facilities Operations Management.

Additional requirements include:

knowledge and skill in:

• Industry, organisational and business awareness.
• Quality assurance.
• Continuous improvement.
• Continued learning and/or professional development.
• Business continuity planning.   
• IT enablement planning.          
• IT enablement project management.    
• Contract and associated service management.
• Operations.     
• Asset and inventory management.
• IT enablement reporting.
• Capacity and performance management.
• Service Level Agreements.
• IT Operations Standards, Processes and Procedures Information Security Policies.
• Adherence to relevant IT legislation like POPI, ECT ACT and others.
• ITILv3 /4 and COBIT 2019 Frameworks.

go to method of application »

Job Description

• Proactively identify, measure, and guide response to new or emerging risks across the national payment system participants and ecosystem system changes to enabling effective risk management.
• Steer and facilitate the effective execution of the risk management methodology for the identification of key risks associated with activities performed within oversight and supervision and the related projects by analysing drivers, key risk indicators and trends.
• Conduct risk assessments (e.g. operational risk assessments and cyber security), collecting, and analysing documentation, statistics, reports, and research/market trends impacting the NPS environment.
• Participate and provide risk specialist input in onsite and offsite oversight and supervisory visits as required.
• Compile management reports, heat maps, risk assessments to inform oversight and supervisory processes. 
• Contribute and provide input in the development of policies, procedures, frameworks and standards specific to oversight and supervision.
• Manage risks within the national payment system and enable reporting into the governance structures of the SARB.
• Contribute and provide input into the division’s strategic risks and department’s strategic risk register.
• Keep abreast of local and global trends, threats, opportunities and plausible scenarios relevant for the payments’ ecosystem risk management landscape.
• Build and maintain sound professional relationships with stakeholders through effective collaboration and teamwork.

Qualifications

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

• a Bachelors degree in Risk, Compliance, Audit Management or equivalent; and
• five to eight years’ experience in risk management, internal controls and compliance environment, with at least three years’ experience in the national payment’s environment.

Additional requirements include:

• certificate in risk management (added advantage);
• experience in payment systems (added advantage);
• industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning/professional development knowledge and skill; 
• risk management principles, tools, methodologies, frameworks, policies
• and processes knowledge and skill; 
• risk management strategy and planning knowledge and skill;
• risk identification, analysis and assessment knowledge and skill;
• risk mitigation and management knowledge and skill;
• risk monitoring and reporting knowledge and skill;
• payments, clearing and settlements;
• governance, risk and compliance management practices and standards;
• central banking;
• relevant legislation (e.g. NPS Act, FIC Act); 
• digital literacy;
• problem-solving and analysis;
• facilitation and presentation skills;
• managing complexity and ambiguity;
• judgement and decision-making;
• impact and influence;
• building and maintaining relationships;
• collaboration;
• excellence oriented;
• critical thinking;
• effective communication; and
• flexibility and adaptability.

go to method of application »

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

• Generate strategic insights and knowledge related to policy,  regulatory and licensing developments within the NPS.
• Effectively communicate and share relevant findings, research outputs and policy implications with internal and external stakeholders to support informed decision-making and collaborative engagement.
• Continuously monitor the external environment to identify emerging trends, technologies and developments in the NPS.
• Identify and coordinate research needs within the division.
• Collect and synthesise relevant data to support research, analysis and reporting activities.
• Conduct in-depth research on new standards, regulations and innovations impacting the payment space.
• Track and analyse regulatory developments and standards issued by regional and international standard-setting bodies.
• Proactively monitor any changes in local, regional and global regulations relevant to the payment environment.
• Assess the effectiveness of existing policy, regulatory and licensing frameworks and procedures, and recommend enhancements.
• Conduct impact assessments for proposed policy, regulatory and licensing frameworks, including socio-economic implications.
• Analyse the economics of payments to inform policy, regulatory and licensing decisions.
• Provide guidance and input into newpayment methods, innovation and developments in the NPS.
• Prepare comprehensive reports and presentations to communicate findings, insights and recommendations to internal and external stakeholders.
• Provide expert advisory support on policy and regulatory matters to internal and external stakeholders.
• Liaise with cross-functional teams – including the Economic Research Department, the Fintech Unit and others – to ensure alignment and collaboration on policy and regulatory research initiatives.

Qualifications

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

• the minimum of an Honours degree (NQF 8) in Economics, Finance or Law, or an equivalent qualification; and
• the minimum of 5–8 years’ experience in research, policy development, regulatory analysis, socio-economic impact assessments and/or stakeholder engagement within the payment sector.

The following would be an added advantage: 

• a research qualification; or 
• experience in payment systems.

Additional requirements include:

• industry, organisational and business awareness;
• knowledge and skill in:
•  licensing, authorisations, designations and registrations; 
• the NPS;
• the NPS legal framework and regulations, particularly  the South African Reserve Bank Act National Payment System Act 78 of 1998 and directives issued thereunder, and other relevant legislation such as the Financial Sector Regulation Act,   the Financial Intelligence Centre Act 38 of 2001;;
• industry, business and organisations; 
• quality assurance; 
• continuous improvement;
• continued learning/professional development; 
• risk management;
• central banking; and
• digital literacy;

the ability to:

• problem-solve and analyse;
• drive results;
• promote teamwork;
• develop and grow others; 
• communicate effectively;
• build and maintain relationships;
• have impact and influence;
• have a service and stakeholder focus;
• plan and organise;
• judge and make decisions; 
• manage complexity and ambiguity; and
• display innovation and creativity.

go to method of application »

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

• Partner with senior managers to shape and deliver the SARB’s economic research programme.
• Lead or contribute to flagship publications, including the Monetary Policy Review and Quarterly Bulletin.
• Prepare reviews, analyses and reports on short-term economic developments and broader economic activity.
• Prepare and deliver economic research presentations to senior management, the Monetary Policy Committee and external forums, as required.
• Coordinate economic research activities across SARB departments.
• Conduct performance appraisals and contribute to team members’ overall performance evaluations, where applicable.
• Improve workflows, manage resources effectively and support the implementation of the operational plan.
• Lead and participate in stakeholder engagements.
• Mentor and support the development of other economists.

Additional requirements include:

• advanced knowledge of economic and financial market analysis, including relevant theories, methodologies, statistics and reporting tools;
• strong strategic and conceptual thinking, with the ability to manage complexity, ambiguity and change;
• sound judgement and decision-making, supported by quality assurance and continuous improvement practices;
• effective planning, organising and delivery skills, with a strong drive for results;
• the ability to influence stakeholders and build productive working relationships across the SARB and externally;
• leadership capability, including developing others, supporting professional growth and building team resilience; and
• strong industry, business and organisational awareness relevant to central banking and economic policy.

go to method of application »

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

• Providing functional support to SARB Application users on assigned modules with the focus on testing, business analysis, system setup and configuration.
• Responsibility for driving analysis initiatives from initiation to implementation on projects of low/medium risk with a cycle of up to 18 months.
• Facilitating workshops independently and consult with business owners and stakeholders in respect of problem definition and the identification of business requirements/needs.
• Reviewing business processes and procedures, analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
• Elaborating the scope and feasibility of solutions and develop the supporting business case.
• Managing change requirements and supporting specifications and provide functional specification and manage acceptance testing.
• Investigating problem and propose solutions by interacting with users, developers and other stakeholders.
• Configuring complex business processes and tasks (where appropriate) within a system for improvement.
• Identify and register risks within their application functional streams.
• Providing input into the development of system training manuals, training plans and present training courses in support of new implementation.
• Configuring (functional) the application as per approved business requirements and align with best practice.

Job requirements

To be considered for this position, candidates must have:

• a Bachelor’s degree (NQF 7) in Computer Science, Engineering, Mathematics, Information Management/Technology or an equivalent qualification; and
• five to eight years’ experience within a business analysis environment/application support or project environment.

Technical requirements

• Solid knowledge of workflow management environments; 
• Application configuration and functional support;
• Business analysis;
• SDLC;
• UAT and defect management; 
• Incident, problem and change management;
• Process mapping;
• Functional specification development;
• Application integration;
• Data analysis; and
• System documentation.

go to method of application »

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

• Manage and monitor operational, corrective and preventive maintenance as well as the equipment replacement programme at the South African Reserve Bank’s (SARB) Johannesburg Cash Centre, including the documentation and inventory of all systems.
• Manage the work of all external service providers to ensure compliance with contractual agreements and budgetary requirements.
• Identify and mitigate the risks associated with building operations and plan, and report accordingly to ensure good governance.
• Ensure that the design and maintenance of the building systems meet the legislative as well as health and safety requirements.
• Define and manage the installation of building systems and specify maintenance and operating procedures.
• Manage stakeholders and service level agreements by engaging and developing project contracts with external service providers    
• Manage and report on funds and budgets allotted to maintenance projects in the cash centre. 
• Develop plans and apply techniques to optimise output and life cycle costs of all buildings and building equipment (systems).
• Drive continuous improvement in workflows and optimise the management technical resources.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements in own work, including methods and practices.     
• Manage the performance and development of technical staff.

Qualifications

To be considered for this position, candidates must have: 

• a Bachelor’s degree (NQF7) in Built Environment, Engineering or an equivalent qualification; 
• a qualification in management;  
• registration with the Engineering Council of South Africa (ECSA) or be a candidate thereof; and 
• five to eight years of experience in engineering or building maintenance, with at least two years in a supervisory role.

go to method of application »

Detailed description

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

• Monitor the underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal performance across multiple environments.
• Execute periodic system maintenance (e.g. application and security patches, upgrades, bug fixes, fix system vulnerabilities) in accordance with the set procedures to ensure the reliability and availability of systems.
• Provide second-line support by troubleshooting, investigating incident root causes, input to incident reports and implement preventative measures to avoid recurrences.
• Ensure application quality by reviewing application code, perform dev tests including unit tests and deploy changes for solution provided by vendor (s) and/or development team (s) according to deployment procedures.
• Define business continuity procedures and participate in business continuity plan exercise to ensure system resilience.
• Adhere to change control processes in the implementation of system changes.
• To enhance the solutions through the installation of new features and configuring the solution infrastructure to ensure optimal performance.
• Manage internal and external stakeholder relationships and be a service partner to stakeholders with respect to application support.
• To keep abreast of best practices and technologies related to BSTD as well as ensure application thereof where relevant.
• To support and maintain application maintenance roadmaps.
• To provide reporting and recommendations on solution performance and system availability to senior management and relevant stakeholders. 

Job requirements

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

• a Bachelors’ degree (NQF7) in Computer Science or equivalent.
• five to eight years’ experience within an application support environment performing the same or similar role.

Additional requirements include:

• Working in cross functional teams.
• Working in an Agile or DevOps environment.
• Working experience in supporting OpenShift or any other Kubernetes platform.
• Understanding of Kafka, Informatica (MDM, IICS, IDQ, EDQ and Axon) AppDynamics or similar, GitLab, SonarQube, JFrog, SAST, DAST, SoapUI, Postman and SQL (Oracle/Postgres/Ms SQL Server).
• Understanding of ITIL.
• IT governance, risk and compliance.
• Continuous improvement.
• Continued learning and/or professional development.
• Business continuity and planning.
• Capacity and performance management.
• Technical Analysis and documentation.

go to method of application »

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

• Develop and implement policies, procedures, frameworks and standards specific to Policy and Regulation and Licensing Division’s (PRLD) risk and compliance management.
• Proactively identify, assess and respond to new or emerging payments, risks arising from changes in the payments ecosystem system, regulatory reforms by other regulators and standards/principles issued by standard setting bodies.
• Analyse risks associated with policy, regulatory, licensing and authorisation environments and develop risk frameworks that support the mitigation of these risks.
• Evaluate the effectiveness of policies, regulations and directives issued by the PRLD from a risk perspective and recommend changes or improvements.
• Design, monitor and maintain PRLD control systems to deal with violations of legal rules, regulatory requirements, memorandum of understanding (MOUs) and internal PRLD policies.
• Collaborate with the National Payment System Department’s (NPSD) Risk and Compliance Unit, Risk Management and Compliance Department (RMCD) and industry structures to manage policy and regulatory risks and support reporting to the governance structures of the SARB.
• Conduct relevant risk assessments (e.g. operational risk assessments and cyber security), collect and analyse documentation, statistics, reports and research/market trends impacting the policy and regulation environment.
• Compile management reports, heat maps and risk assessments to inform policy and regulatory processes. 
• Coordinate PRLD strategic risks input into the department’s strategic risk register.
• Contribute to business continuity plans impacting the policy and regulation division, to limit risks affecting the NPSD and NPS.
• Facilitate the PRLD’s remediation or closure of findings emanating from internal audits, external audits and/or any other internal/external assessment/evaluation reviews (e.g. Financial Action Task Force, Financial Sector Assessment Program and periodically monitor and report on the status thereof.
• Build payment risk awareness among PRLD personnel by providing support and training.
• Keep abreast of local and global trends, threats, opportunities and plausible scenarios relevant for the payments’ ecosystem risk management landscape.
• Build and maintain sound professional relationships with internal and external stakeholders through effective collaboration and teamwork.

Qualifications

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

• a Bachelors degree in Risk, Compliance, Audit Management or equivalent; and
• five to eight years’ experience in risk management, internal controls and compliance environment, with at least three years’ experience in the payment’s environment.

Additional requirements include:

• certificate in risk management (added advantage);
• experience in payment systems (added advantage);
• industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning/professional development knowledge and skill; 
• risk management principles, tools, methodologies, frameworks, policies
• and processes knowledge and skill; 
• risk management strategy and planning knowledge and skill;
• risk identification, analysis and assessment knowledge and skill;
• risk mitigation and management knowledge and skill;
• risk monitoring and reporting knowledge and skill;
• payments, clearing and settlements;
• governance, risk and compliance management practices and standards;
• central banking;
• relevant legislation (e.g. NPS Act, FIC Act); 
• digital literacy;
• problem-solving and analysis;
• facilitation and presentation skills;
• managing complexity and ambiguity;
• judgement and decision-making;
• impact and influence;
• building and maintaining relationships;
• collaboration;
• excellence oriented;
• critical thinking;
• effective communication; and
• flexibility and adaptability.

go to method of application »

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

• Conduct research (including data collection), monitor and keep abreast of the payments landscape and best practices and analyse and report on these to inform the development of strategy, policy, regulations and rules.
• Perform general administration in support of the division’s operations, including but not limited to managing internal records, processing documents and providing secretarial support for divisional meetings.
• Assist the division in coordinating, tracking, updating and reporting on the budget, strategic and operational deliverables within the division’s work plan, in line with the National Payment System Department strategic scorecard.
• Coordinate the development of divisional processes, procedure manual and service level commitments.
• Coordinate, facilitate and manage internal and external stakeholders.
• Assist with the establishment and operationalisation of working groups, forums and other relevant structures to support the division.
• Support working groups, committees, forums and stakeholders by scheduling meetings, preparing agendas, compiling and uploading meeting packs, recording minutes and action items and following up with relevant stakeholders.
• Assist with the preparation, maintenance and updating the division’s publications and website. 
• Assist with collecting, coordinating and collating internal and external comments received from stakeholders on the division’s policy and regulatory instruments.
• Process and handle queries and disputes received by PRLD.
• Facilitate and coordinate consumer awareness, education and capacity building programmes.
• Assist with the alignment and formatting of survey templates and related information.
• Obtain and consolidate input and feedback from internal and external stakeholders on surveys, policy and regulatory documents and draft standards.
• Coordinate and assist with the process of gazetting the policy and regulatory instruments and documents. 
• Monitor, compile (e.g. lists and dashboards) and assess requests and complaints coming through to the division and respond and/or direct requests to relevant analysts and track the completion thereof.
• Perform administrative duties on an ad hoc basis, as requested by the divisional head, in line with the division’s strategic and operational work plan.

Qualifications

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

• a National Diploma (NQF 6) in Administration, Business Administration or equivalent; and
• two to five years of experience in an administration environment.

Additional requirements include:

• experience working in payment systems (added advantage); 
• industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning/professional development 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 skills;
• administration reporting knowledge and skill;
• administration data capturing and administration knowledge and skill;           
• knowledge of national payment system; 
• knowledge of payments, clearing and settlements;
• knowledge of relevant legislation e.g. NPS Act, FIC Act; 
• digital literacy;
• problem-solving and analysing;
• drive for results;
• promote teamwork;
• develop and grow others; 
• communicate effectively;
• build and maintain relationships;
• impact and influence;
• service and stakeholder focus;
• plan and organise;
• judgement and decision-making; 
• manage complexity and ambiguity; and
• display innovation and creativity.

go to method of application »

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

• Manage and maintain the Divisional Head and senior managers’ diaries, including logistical arrangements for appointments and travel in liaison with relevant personnel. 
• Ensure that all submissions are made to the correct committees before the deadlines (e.g. Governors’ Executive Committee submissions).
• Receive, screen and respond to incoming telephone calls using own initiative and, where appropriate, deal with queries and/or route calls to appropriate persons and/or departments. 
• Prepare and edit correspondence, communications, presentations and other documents, and conduct basic investigations and analysis where necessary for this purpose.
• Ensure that all incoming and outgoing correspondence is registered and filed in accordance with the File Plan of the South African Reserve Bank (SARB). 
• Collate and coordinate project-based and other information on behalf of the Divisional Head and senior managers. 
• Review operating practices in own area and implement improvements where necessary. 
• Maintain positive internal and external relationships, engaging with members and stakeholders at all levels of seniority. 
• Create and maintain a contact database for the division as well as a filing system in accordance with the File Plan of the SARB. 
• Perform day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the division. 
• Distribute correspondence, circulars and memorandums to staff in the department or the SARB on matters emanating from the department.
• Perform any other tasks as instructed by the Divisional Head and senior managers, as and when required.

Qualifications

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

• a minimum of a Grade 12 certificate plus a Secretarial Diploma or an equivalent qualification (NQF 5) ; and
• a minimum of five years’ experience in corporate personal assistance or an equivalent role.

Additional requirements include:

• industry, organisational and business awareness;
• proficiency in English (both verbal and written skills); 
• proficiency in the Microsoft Office Suite (Word, Power Point and Excel) and Outlook; 
• ability to work independently and outside normal working hours, when required;
• excellent typing skills and telephone etiquette;
• good communication and interpersonal skills; 
• time and quality management skills; 
• organisational awareness; 
• ability to take initiative; 
• attention to detail and dedication to tasks; 
• knowledge of administrative and clerical procedures; 
• the ability to plan and organise events; 
• problem-solving skills; and
• professionalism.