Hot Jobs at South African Reserve Bank

Who should apply? 

• Students need to meet certain requirements to apply.

You meet the requirements if you:

• have completed or are about to complete a postgraduate degree (see degree focus areas below); 
• have attained or expect to attain an average of over 70% in your final year; 
• have a strong desire to work in financial services and/or policymaking; 
• have a proven track record of academic excellence; 
• have excellent communication and interpersonal skills; 
• are a curious and keen learner; and
• are unemployed. 

Degree focus areas

The SARB will consider postgraduates or students studying towards a postgraduate qualification with capability in at least one of the following areas: 

• Economics
• Statistics
• Mathematics
• Finance
• Actuarial Science 

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Detailed description

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

• Participate in supervisory practices in relation to operational risk in regulated entities, including inspecting regulated entities’ risk appetite and management practices with respect to operational risk.
• Ensure regulated entities’ compliance with regulations governing operational risk.
• Develop methods to analyse and interpret risk-based regulatory data submissions.
• Monitor regulatory entities’ exposure to operational risk, as reported to the PA under the various operational risk approaches.
• Give input and participate in internal capital-adequacy assessments of regulated entities in relation to operational risk.
• Give input and participate in recovery and resolution assessments of regulated entities in relation to operational risk.  
• Provide operational risk specialist support.
• Contribute to risk-based meetings with regulated entities and their auditors.
• Inform the PA about the aggregate behaviour of regulated entities regarding operational risk.
• Stay abreast of international best practice and developments surrounding operational risk.
• Support the Divisional Head and Manager: Operational Risk regarding all operational risk matters.

Qualifications

To be considered for this position, candidates must have

• a post-graduate degree in Banking, Commerce, Risk Management, Accounting or Auditing; and
• two to five years’ operational risk working experience in the banking sector.

The following would be an added advantage:

• a post-graduate qualification in any of the aforementioned, Financial Risk Manager (FRM) or Professional Risk Management (PRM).

Additional requirements include

• knowledge of the Basel Core Principles for Banking Supervision; 
• an understanding of the Principles for the Sound Management of Operational Risk;
• an understanding of the Principles for Operational Resilience;
• knowledge of relevant components of regulations relating to banking and financial market infrastructures;
• knowledge of banking and financial market infrastructure products;
• an understanding of the key regulatory developments, issues and risks facing financial institutions registered in South Africa and related entities, with a specific focus on operational risk;
• competence in basic office information technologies;
• analytical/problem-solving capabilities;
• strong verbal and written communication;
• ability to work in a team and contribute to team success;
• decision-making abilities with the ability to initiate action;
• effective time management skills; and
• reliable own transport as the position requires regular travel.

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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 client departments to identify and interpret their skills needs. 
• Develop learning plans and journeys for client departments.
• Conduct research and design and develop relevant, fit-for-purpose learning interventions to address identified needs.
• Use 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 client departments.
• Evaluate the quality and impact of programmes.
• Compile integrated reports and provide recommendations for the continual improvement of learning solutions.
• Establish, maintain and promote working relationships with internal and external stakeholders.
• Contribute towards building a culture of continual learning.
• Serve as a learning facilitator/integrator during learning interventions.

Qualifications

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

• an Honours degree in Industrial Psychology, Human Resources Development or an equivalent (NQF 8) qualification; 
• eight to ten years’ experience in learning and development consulting and/or instructional design and/or facilitation experience in academia or corporate learning; and
• three to five years’ experience in the banking or financial sector.

Additional requirements include:

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

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Detailed description

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

• Receive and welcome South African Reserve Bank visitors, maintaining a calm, courteous and professional demeanour at all times.
• Organise self to ensure that work allocated is completed within set time and defined standards independently.
• Receive, screen and respond to incoming telephone calls using own initiatives and where appropriate deal with queries and/or route calls to appropriate people.
• Ensure that internal hosts are contacted timeously on arrival of visitors to the Bank.
• Adequately respond to the public’s queries and redirect them to the relevant staff members where necessary.
• Perform general administrative duties which include registering visitors, managing the allocation and return of visitors’ and parking cards as well as maintaining the visitors register.
• Administer and maintain records pertaining to the issuing of access cards in accordance with relevant legislation.
• Provide regular reports to the Team Leader in relation to the reception operations.
• Willingly and independently make useful and meaningful changes to the manner in which he/she works within set time and defined standards.
• Maintain a safe and clean reception area by following operating procedures and processes.
• Answer and divert calls through switchboard.
• Take and forward messages received when person requested is not available.
• Assist with telephone inquiries by gaining and keeping abreast of matters within different Departments.
• Record and report on telephonic trends and discussions.

Qualifications

Job requirements

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

• A Higher Certificate in Reception (NQF5) or Call Centre;
• Registered PSIRA grade D/E officer would be an added advantage; and
• two to three years’ of reception experience in a Corporate Environment.

Additional requirements includes:

• Service delivery equipment/ tools/ machinery operating knowledge and skill
• Service delivery reporting knowledge and skill; and
• Service delivery knowledge and skill

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Detailed description

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

• Define the project scope and work breakdown structure in collaboration with key stakeholders to ensure a common understanding of deliverables and the approach and lead the implementation of Agile (SAFe) principles and best practices on Agile projects.
• Produce project management plans or release plans to ensure that they are comprehensive (i.e. they include scope, quality, risks, time, cost, HR, procurement, integration, communication) and to confirm that these knowledge areas are regularly updated and maintained.
• Ensure that all project documentation, deliverables and reports are timeously produced, approved and maintained.
• Identify and manage project risks, constraints and changes; ensuring that the project plans are well managed and approved.
• Establish and manage relationships with all stakeholders, role players and service providers to ensure commitment to a common goal.
• Establish and effectively manage a project team; clearly defining roles and responsibilities for the delivery of project outputs.
• Drive a culture of agility and learning.
• Direct and coordinate activities of project team members to ensure the project progresses according to the approved schedule or release, producing the expected deliverables, within budget and according to specification and quality standards.
• Provide leadership and motivation to project team members throughout the project life cycle.

Qualifications

Job requirements

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

• a relevant Bachelor's degree in Commerce and/or Information and Communication Technology or an equivalent qualification (at NQF7 level);
• a minimum of five to eight years experience in project management; and
• sound knowledge of project management legislation, project cost management, and contract and service management.

The following will be an added advantage:

• a relevant Programme/Project Management certification; and
• SAFe Certification.

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Detailed description

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

• Engage in short-term planning and perform tasks in the work plan defined with the Team Leader: Management Support.
• Provide administrative support in the preparation of the annual budget and forecast.
• Report on monthly budget variances.
• Ensure compliance with the procurement policy, budget guidelines and other relevant SARB policies.
• Perform general tasks in support of the department’s financial administration and ensure the timely submission of accurate payment information.
• Perform general administrative tasks in support of the programmes and overall operations of the department, which include, but are not limited to, records management, correspondence, facilities management, security learning and development administration, contract management, information and communications technology coordination, asset management and general human resources administration.
• Provide support in the coordination of the risk and compliance management processes of the department as well as the maintenance of its risk matrices and action plans emanating from internal and external audits.
• Engage effectively with stakeholders, within and external to the department, that render services to the department.
• Perform administrative duties on an ad hoc or projects basis as requested by the team leader/manager, while ensuring compliance with relevant guidelines, standards and policies.

Qualifications

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

• a Higher Certificate (NQF 5) in Administration or Risk and/or Compliance, Governance or Records Management, or an equivalent NQF 5 qualification;
• one to three years’ working experience; and
• knowledge of industry, organisational and business awareness as well as information management, reporting and administration.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• service and stakeholder focus;
• resilience;
• planning and organisational skills;
• learning focus;
• a drive for results;
• problem-solving and analytical skills;
• verbal and written communication skills;
• judgement and decision-making skills;
• knowledge of accounting principles and frameworks; and
• risk assessment and control design knowledge and skill.

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Detailed description

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

• Supervise the team’s administrative processes and ensure the accuracy and completeness of record-keeping. 
• Supervise quality, facilitate the delivery of the section-specific outputs and optimise and manage section resources (including banknote processing machines and people).
• Ensure adherence to controls, established practices and the given processes, rules and regulations by self and note processors, ensuring compliance with standards, policies and other guidelines. 
• Supervise and review the work by team members to ensure the accuracy and completeness of the information integrated through the National Cash Management Solution. 
• Diagnose problems and choose or modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context. 
• Engage with internal stakeholders, displaying the ability to deliver a coherent and convincing message.
• Stay abreast of developments in the cash environment and ensure the application thereof by self and team members.
• Propose and implement the refinement and continual improvement of systems, tools, methods and processes in own area.
• Plan work for self and banknote processors in the team, using discretion in defining and prioritising work for the team.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.
• Take responsibility for managing the performance and development of the team.

Qualifications

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

• a National Diploma in Business Management (NQF 6) or an equivalent qualification; and
• three to five years’ experience in a cash-handling environment, with at least one year of supervisory experience. 

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Detailed description

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

• Work closely with the Senior Manager in developing standards, processes and procedures related to investigations within the PA. 
• Analyse and provide guidance to the frontline teams in relation to the execution of sanctions and enforcement decisions. 
• Conduct investigations into matters relating to the possible non-compliance of regulated entities with relevant legislation (e.g. banking- and insurance-related legislation). 
• Report investigation findings and provide recommendations to the relevant authority within the PA. 
• Provide secretariat support services to the PA Regulatory Action Committee, including, but not limited to, the preparation of agendas and minutes. 
• Support the Chief Executive Officer (CEO) of the PA in following up on and actioning matters and ensuring that the decisions thereon are implemented. 
• Ensure that matters of non-compliance of regulated entities with relevant legislation are appropriately channelled and addressed. 
• Maintain a database of matters relating to regulated entities’ non-compliance with relevant legislation. 
• Promote awareness across the PA with regard to the processes and procedures of matters relating to regulated entities’ non-compliance with relevant legislation. 
• Work closely with the Senior Manager in developing standards, processes and procedures related to the resolution of failed non-systemically important supervised institutions. 
• Engage with internal and external stakeholders, displaying the ability to solicit information and to communicate a clear and coherent message. 

Qualifications

Job requirements

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

• a relevant Bachelor’s degree in Law, Compliance or Finance; and
• at least two to five years’ experience in litigation, compliance and/or forensic work (i.e. the investigation or prosecution/litigation of commercial cases). 

The following would be an added advantage:

• an applicable Honours degree; and
• knowledge of, and experience in, insolvency law and/or insolvency proceedings.

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Detailed description

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

• Supervise the team’s administrative processes and ensure the accuracy and completeness of record-keeping.
• Supervise quality, facilitate the delivery of the section-specific outputs and optimise and manage section resources (including banknote processing machines and people).
• Ensure adherence to controls, established practices and given processes, rules and regulations by self and note processors, ensuring compliance with standards, policies and other guidelines. 
• Supervise and review the work by team members to ensure the accuracy and completeness of the information integrated through the National Cash Management Solution. 
• Diagnose problems and choose or modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context. 
• Engage with internal stakeholders, displaying the ability to deliver a coherent and convincing message.
• Stay abreast of developments in the cash environment and ensure the application thereof by self and team members.
• Propose and implement the refinement and continual improvement of systems, tools, methods and processes in own area.
• Plan work for self and banknote processors in the team, using discretion in defining and prioritising work for the team.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.
• Take responsibility for managing the performance and development of the team.

Qualifications

Job requirements

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

• a National Diploma in Business Management (NQF 6) or an equivalent qualification; and
• three to five years’ experience in a cash-handling environment, with at least one year of supervisory experience. 

go to method of application »

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

• To engage in short term planning and perform tasks against work plans as defined in conjunction with immediate line manager. 
• To provide end-to-end administrative support services across HR disciplines.
• To perform administrative work independently, within established HR practices, processes and regulations ensuring compliance with the Bank’s standards, policies and guidelines.  
• To evaluate and address HR queries, direct and/or escalate more complex issues to the immediate line manager/team leader and/or other internal HR professional.   
• To maintain accurate HR information/records management system and ensure that the information is accessible, up to date and complies with legislative requirements.
• To provide management information to the immediate line manager/team leader as required for effective reporting.
• To plan and execute on the operational budgets based on the budget guidelines in consultation with relevant stakeholders to meet the SARB’s budgetary deadlines.
• To engage with the internal HR team, client departments and external stakeholders to ensure optimal service delivery.  
• To proactively broaden HR knowledge and display a willingness to make improvements in own work (including methods and practices). 
• To provide support to project teams on ad-hoc projects and tasks when required.
• To evaluate own performance against given criteria, identify and address task specific learning needs with the immediate line manager.

Qualifications

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

• A minimum of an HR Post Matric certification (NQF 5) OR equivalent
• A minimum of 1- 2 years’ experience in the relevant HR administration environment
• Organizational skills and attention to detail 
• Strong written and verbal communications skills 
• Ability to multitask and prioritize tasks 
• Proactive and able to work both independently and as part of a team 

Additional requirements include:

• Industry, organisational and business awareness knowledge and skill
• Quality assurance knowledge and skill
• Continuous improvement knowledge and skill
• HR planning knowledge and skill
• HR legislation, governance, risk and compliance knowledge and skill
• HR information management knowledge and skill
• Relevant HR service delivery knowledge and skill
• Flexibility
• Drive for results
• Learning focus
• Service & stakeholder focus 
• Resilience

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Detailed description

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

• Assist with compiling and maintaining mandatory project documentation (e.g. information relating to the project charter, business case, project plan and change request) to ensure projects comply with the standards and procedures of the Programme Management Office.
• Collate and manage project information and reports to ensure the relevant stakeholders (internal and external) are adequately informed of the project status.
• Liaise with various stakeholders (internal and external) throughout the project life cycle in to maintain effective communication on all matters relating to the project.
• Update and maintain the project schedule, highlighting deviations to ensure that project timelines are adhered to and allow for planning adjustments.
• Maintain a project repository to ensure that project information is accessible to all stakeholders and available for audit purposes.
• Schedule meetings, consolidate information for meetings, maintain and disseminate minutes, and ensure that actions are followed up as per the minutes.
• Record, update and maintain lessons learnt, risks, issues and action logs to enable the project manager to manage project risks.
• Contain and follow up on project activities in the absence of the project manager to ensure project continuity. 
• Maintain the financial spreadsheet to keep track of payments and liaise with vendors and the GSMD’s Management Support Unit to ensure invoices are paid timeously.
• Coordinate strategic projects, initiatives and operational programmes in support of the smooth running and delivery of the GSMD’s strategic objectives.

Qualifications

Job requirements

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

• a Higher Certificate (NQF 5) in Project Administration or Project Management;
• two to five years’ experience in a project administration environment; and
• solid knowledge of the project management discipline, with an emphasis on project administration.

Additional requirements include:

• analytical and problem-solving skills;
• a learning focus;
• a drive for results;
• teamwork skills;
• verbal and written communication skills;
• flexibility; and
• a service and stakeholder focus.