Hot Jobs at South African Reserve Bank

Job Description

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

• Review, analyse and evaluate life insurers’ own risk and solvency assessment process and reports.
• Analyse and interpret risk-based regulatory returns for life insurers.
• Conduct research and provide input into the regulatory framework in line with international best practice.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Contribute towards the international capital framework working committees.
• Develop and implement the supervisory review and evaluation process, in line with international best practice.

Qualifications

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

• A Postgraduate qualification in Insurance, Actuarial Science, Risk Management, Finance or an equivalent qualification (NQF 8); and
• a minimum two to five years’ job-related experience in the life insurance sector or in risk management of life insurers 

Additional requirements include:

• ability to travel as and when required;
• knowledge of, and experience in, financial, life insurance products, regulations or risk models;
• being conversant in the second Pillar of the regulatory framework at both theoretical and practical levels;
• keeping abreast of best practice in capital management
• 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; and
• ability to work independently, take initiative and proactively identify and address tasks;
• effective time management skills;
• proficiency in verbal communication;
• competence in written communication.

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Job Description

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

• Develop and manage the implementation of operational plans for the section.  
• Manage the output of the capital analyst team responsible for capital-related support, monitoring and reporting of current and emerging risks pertaining to capital management.
• Lead and manage strategic relationships (stakeholders/clients, within the South African Reserve Bank and externally).
• Manage the delivery of work objectives by optimising resources, setting targets, prioritising work and directing other operational activities.
• Identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks.
• Develop a risk-monitoring framework for the identification, monitoring and management of risks, including climate risk to the insurance and other sectors. 
• Manage inputs to the macroeconomic assessment in collaboration with the Financial Stability Department and identifying emerging risks, trends and concentrations in the insurance and other sectors. 
• Provide integrated management information reports on the insurance and other sectors to internal stakeholders and other relevant authorities.
• Participate in local and international committees or forums, including the International Association for Insurance Supervisors (IAIS), its subcommittees and the relevant working groups and those related to climate risk. 
• Manage, develop and implement the regulatory and supervisory frameworks relating to capital management of insurers and other sectors.
• Manage staff performance and support career management and development. 

Qualifications

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

• a post graduate qualification (NQF 8) in Accounting, Economics, Finance degree or an equivalent;
• 8-10 years’ experience in capital management in the insurance environment; and
• two to three years’ experience in managing teams.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• insurance sector, regulations and legislation
• understanding of the macro-economic environment
• understanding of accounting principles and financial ratios
• research methodologies
• knowledge of capital management within the insurance environment; 
• cultivates self-awareness and mastery
• develops inter-personal effectiveness
• builds and maintains trust
• acts with empathy and compassion
• develops and empowers teams
• fosters diversity and inclusion
• creates and drives purpose
• leads cohesive teams through effective communication;
• fosters collaboration
• leads change
• manages complexity and ambiguity; and
• drives digital dexterity/fluency

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Detailed description

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

• Support BSTD applications by monitoring the underlying environments, including databases and application servers, to ensure capacity management, systems availability and optimal performance.
• Maintain BSTD applications by applying corrective measures, such as patches, upgrades and bug fixes.
• Proactively monitor application upgrades, new releases and product replacements that may affect the assigned applications.
• Configure the application infrastructure to ensure optimal performance and install new features to enable new functionality.
• Investigate and resolve medium- to high-complexity technical issues by interacting with users, developers and other stakeholders on allocated applications.
• Provide reports and recommendations on solution performance and systems availability to senior management and relevant stakeholders.
• Proactively manage business and stakeholder relationships in relation to application support.
• Keep abreast of best practices and technologies related to BSTD and apply them where relevant.
• Impart knowledge of the technical environment to the system development team.
• Maintain compliance with security and application standards.

Qualifications

Job requirements

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

• a Bachelor’s degree in either computer science (NQF level 7), information management, information technology (IT) or an equivalent qualification in a related field;
• six to eight years’ experience in supporting, maintaining and enhancing IT business applications; and 
• three years’ experience working with integrated workplace management systems (IWMS), building information modelling (BIM) or smart building environments.

Additional requirements include:

• working knowledge of the JBoss application server, Java development and JavaScript;
• knowledge of C# development;
• working knowledge of Apache, F5 load balancer and XML; and
• knowledge and skill in:
•  
• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and professional development;
• business continuity and planning;
• IT enablement planning;
• IT transformation and innovation;
• release management;
• application design, configuration and development;
• application support and maintenance;
• infrastructure design and development;
• systems integration;
• workload estimation; and
• technical analysis.

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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 accordance with set standards and procedures.
• Assist in performing fault-finding for the motor mechanic environment by applying a set of modified techniques within a defined context.
• Assist in conducting preventative and corrective maintenance in the motor mechanic environment and/or equipment and determine possible component failure in order to enhance system capability.
• Assist in testing all repaired work on maintenance services.
• Interpret work instructions and drawings/diagrams concerning repairs, enhancement maintenance and services on vehicles.
• Apply statutory principles in order to comply with safety, health and environmental requirements.
• Assist in performing quality assurance on work done by external service providers for adherence to industry requirements and report on this to the supervisor.
• Engage positively with clients and other stakeholders, including complaints and compliments.
• Address any gaps in own performance of tasks and activities against the required standard(s).
• Ensure the workshop area is kept clean, respectable and safe for conducting daily tasks.
• Collect and deliver spares and documentation when required.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Matric/Grade 12 Certificate is a must to have;
• a national trade test in motor mechanics;
• an N3 Mechanical qualification or an equivalent; 
• one to two years’ experience in a motor mechanic environment; and
• a valid driver’s license.

Additional requirements are as follows:

• work experience in maintaining motor vehicles;
• knowledge of motor vehicle maintenance procedures;
• knowledge of the Occupational Health and Safety Act and its regulations;
• knowledge of risk management related to occupational health and safety;
• knowledge in reading motor vehicle diagrams;
• problem-solving skills;
• computer literacy (i.e. the Microsoft Office suite); and
• good communication skills (verbal and written).

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

• To develop and manage the implementation of operational plans for the section.  
• To manage the output of the capital analyst team responsible for capital related support, the monitoring and reporting of current and emerging risk pertaining to capital management.
• To lead and manage strategic relationships (stakeholders/clients, within the SARB and external).
• To manage the delivery of work objectives through resource utilisation, setting of targets, prioritisation of work, and direct other operational activities.
• To identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks
• To develop a risk-monitoring framework for the identification, monitoring and management of risks to the banking, financial market infrastructure (FMI), and other sectors; 
• To manage the inputs to the assessment of the macroeconomic environment in collaboration with the Financial Stability department and the detection of the build-up of risks, trends and concentrations in the banking, FMI and other sectors; 
• To provide integrated management information reports on the banking and FMI and other sectors to internal stakeholders and other relevant authorities.
• To participate on local and international committees or forums such as the Basel Committee and specifically its sub-committees and the relevant working groups. 
• To manage, develop and implement the regulatory and supervisory frameworks, relating to capital management of banks, FMIs and other sectors.
• To manage the performance of staff and promote as well as support career management and development 

Qualifications

Formal Qualifications/Education: 

• A minimum of a post graduate qualification or Honours degree (NQF 8) in Accounting, Economics or Finance degree OR equivalent 

Job Related Knowledge and Skills Requirements: 

• Industry, organisational and business awareness knowledge and skill
• Banking sector, or FMI sector regulations and legislation
• Understanding of the macro-economic environment 
• Understanding of accounting principles and financial ratios 
• Research methodologies 
• Knowledge in Capital Management within the Banking / or FMI environment 

Behavioural Competencies: 

• Cultivates self-awareness and mastery
• Develops inter-personal effectiveness
• Builds and maintains trust
• Acts with empathy and compassion
• Develops and empowers teams
• Fosters diversity and inclusion
• Creates and drives purpose
• Leads cohesive teams through effective communication
• Fosters collaboration
• Leads change
• Manages Complexity and Ambiguity
• Drives digital dexterity/fluency

Job Related Work Experience: 

• A minimum of 8-10 years of experience in Capital Management in the Banking / FMI environment 
• A minimum of two to three years’ experience in managing teams

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

• Develop, maintain and embed SARB Group risk management frameworks, methodologies, processes and systems, as well as embed related policies.
• Develop risk management quality criteria and perform quality reviews of risk management outcomes. 
• Identify, collate, analyse and report on emerging risks to the SARB Group.
• Identify and coordinate risk management training needs and conduct related training. 
• Facilitate strategic risk management processes in the SARB Group, in accordance with the SARB Group Risk Management Framework. 
• Compile and coordinate reporting on risk management outcomes and activities to the SARB Group executives and risk oversight committees.
• Develop the bank-wide risk overarching plan, and coordinate and embed operational risk and continuous risk management across the SARB Group, including key risk indicators (KRIs), risk incidents and emerging risks. 
• Develop risk awareness campaigns to educate stakeholders, influence behaviour and promote a positive and proactive risk management culture across the SARB Group.
• Analyse risk data and information from the various risk registers to identify trends, interconnectedness, polycrisis factors and commonalities; produce qualitative risk reporting; and derive reliable business intelligence and insights for management to enable decision-making. 
• Engage with stakeholders to provide information and support on risk management matters. 
• Research and benchmark leading risk management processes and developments and propose improvements accordingly. 
• Analyse and understand the SARB Group’s internal and external environment to support and guide the identification of risks and opportunities, and to enable decision-making.
• Provide input into other specialised risk management processes, including policies, methodologies and frameworks related to financial risk management, cyber and information security, privacy, physical security, and strategic and operational resilience. 
• Manage the implementation of the Risk Management and Compliance Department’s (RMCD) strategic and operational risk treatment action plans and report on their progress and impact on risks. 
• Oversee the integration between RMCD and other specialised risk areas.

Qualifications

To be considered for this position, candidates must have:

• at least an Honours Degree in either risk management or auditing, or an equivalent NQF level-8 degree;
• a minimum of eight to10 years’ experience in a relevant environment, such as audit, information technology (IT) and risk; and

advantages would include:

• professional certifications such as Chartered Accountant (South Africa) (CA(SA)), Certified Internal Auditor (CIA), Certified Risk Manager (CRM), Financial Risk Manager Professional (FRMP), C-RISK or Certified Information Systems Auditor (CISA); and
• practical experience in assessing IT application risks.

Requirements related to knowledge, skills and attributes include:

• industry, organisational and business awareness;
• quality assurance; 
• continuous improvement; 
• continued learning and/or professional development; 
• risk management principles, tools, methodologies, frameworks, policies and processes;
• risk management strategy and planning;
• risk identification, analysis and assessment;
• risk mitigation and management;
• risk monitoring and reporting;
• project management;
• risk management; 
• operational resilience; and
• basic cyber security and IT.

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The successful candidate will be responsible for the following key performance areas with the support of a senior analyst in discharging the following responsibilities:

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

Qualifications

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

• a postgraduate qualification (NQF 8) in finance, accounting, insurance, actuarial science or risk management; and 
• at least two years’ experience in the insurance sector, or insurance-related experience in the wider finance sector or risk management environment.

Job-related skills and attributes:

• problem-solving and analytical skills;
• teamwork
• financial and business acumen;
• attention to detail;
• verbal and written communication skills;
• time management skills;
• the ability to maintain confidentiality; and
• building and maintaining relationships.

Job-related knowledge:

• financial sector knowledge, specifically of the insurance industry
• knowledge of corporate governance and risk management practices and standards; and
• knowledge of IAIS principles, insurance standards and relevant legislation

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

• Review, analyse and evaluate non-life insurers’ own risk and solvency assessment process. 
• Analyse and interpret risk-based regulatory returns for non-life insurers. 
• Conduct research and provide input into the regulatory framework in line with international best practice. 
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Contribute towards the international capital framework working committees. 
• Develop and implement the supervisory review and evaluation process, in line with international best practice. 

Qualifications

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

• a Postgraduate qualification in Insurance, Actuarial Science, Risk Management, Finance or an equivalent qualification (NQF 8); 
• a minimum five years’ job-related experience in the non-life insurance sector or in risk management of non-life insurers; 
• a good progression in actuarial subjects. 

The following would be an added advantage: 

• an Honours qualification in any of the aforementioned, an ASSA Associate (or equivalent credentials) designation, or a risk management designation such as PRM or FRM, and practical experience in a financial and/or business and/or regulatory environment
• knowledge of, or experience in climate risk related aspects. 

Additional requirements include: 

• ability to travel as and when required; 
• knowledge of, and experience in, financial, non-life insurance products, regulations or risk models; 
• being conversant in the second Pillar of the regulatory framework at both theoretical and practical levels; 
• keeping abreast of best practice in capital management; 
• being 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; 
• a high level of knowledge, skills and experience in relevant areas of specialization; 
• ability to work in a team and independently; 
• effective time management skills; 
• proficiency in verbal communication; 
• competence in written communication; and 
• proficiency in Microsoft Office software packages. 

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

• Work closely with business and the Business Solutions and Technology Department (BSTD) to define and interpret business needs and requirements, and compile a business case for new and existing CMD business solutions. 
• Coordinate, guide and oversee the implementation and change management of new solutions, enhancements and upgrades to existing systems, in consultation with business, BSTD and/or other stakeholders, to ensure alignment with business needs and requirements, such as business processes, reports, upgrades, patches and fixes. 
• Guide and manage business testing and verify testing results against the defined test-case criteria.
• Establish and maintain stakeholder relationships to ensure the efficient running of business systems, identify future business requirements and opportunities for optimisation, and propose solutions.
• Manage the master data on CMD systems to ensure data integrity, accurate end-to-end transaction processing and the mitigation of systems-related risks.
• Provide ad hoc training, and guide and oversee externally provided training and support on all functional system changes for internal and external users of the systems, including cash centre personnel.
• Manage the development, maintenance, updating and implementation of training material and the learner management system (LMS) platform through internal and external stakeholders and partners. 
• Monitor and facilitate the timely resolution of all systems-related issues reported by the cash centres and other Head Office users and manage the incident management process to ensure efficient service delivery. 
• Act as the central systems coordinator with the cash industry for systems-related matters, including invoking systems-related business continuity procedures. 
• Assess the business impact of systems changes initiated by external factors, whether from within or outside the SARB. 
• Provide reports and recommendations on the system development life cycle (SDLC). 
• Establish and maintain relevant stakeholder relationships and represent the department at relevant industry forums. 
• Ensure that governance principles are in place and implemented throughout all change processes.
• Maintain policy changes on the system. 

Qualifications

To be considered for this position, candidates must have: 

• at least a Bachelor’s degree, such as a BCom or BSc in Information Systems, an information technology qualification or an equivalent qualification in a related field; and
• a minimum of five to seven years’ experience in a financial business support and analysis environment.

Additional requirements include:

• an understanding of the banking ecosystem;
• knowledge of financial payment systems; 
• project management skills; and
• knowledge of cash management systems.

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

• Lead and implement the strategic vision of the SARB Museum, ensuring its alignment with the broader objectives of the SARB. 
• Apply the target operating model, processes and standards to support efficient operations and governance across the museum’s services, including visitor experiences, events, exhibitions, educational outreach and programming, publications and public programming. 
• Oversee marketing, advocacy, outreach and communications for the museum, making effective use of multimedia platforms such as video, podcasts, social media and digital content production, to enhance visibility, storytelling and public engagement.
• Develop comprehensive schedules that outline agendas and desired outcomes for museum activities and projects, fostering engagement with both internal and external stakeholders.
• Evaluate the effectiveness of the museum’s programmes and projects and drive continuous improvements. 
• Manage relationships with a wide range of stakeholders, including the public, academic institutions, government entities and business, to enhance the museum’s profile, performance and impact. 
• Maintain a consistently high standard of customer service and excellence across all museum operations.
• Administer the museum’s budget and collaborate with other departments, where required. 
• Stay informed about advancements and innovations that could enhance museum projects and programmes.
• Coordinate research relevant for the museum’s needs, such as temporary exhibitions or podcast programming.
• Prepare quality reports, including monthly statistics to track the museum’s performance, operations and effectiveness.
• Ensure adherence to all relevant standards, policies, procedures and health and safety protocols as well as compliance with all legislative requirements related to the management of the museum.
• Manage and support the development and performance of the museum team, including interns, students and tour guides.

Qualifications

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

• a Bachelor degree (NQF-level 7) in Museum Studies, Fine Art, Archaeology, Visual Arts or Heritage Studies or an equivalent qualification in a related field.
• six to eight years working in a museum, fine arts environment or art gallery.

Additional requirements include:

• museum management knowledge and skill;
• industry, organisational and business awareness knowledge;
• quality assurance knowledge and skill;
• written and verbal communications knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• business continuity planning knowledge and skill;
• project management knowledge and skill;
• communications legislation and governance, risk and compliance;
• reporting writing knowledge and skill;
• stakeholder management knowledge and skill;
• provision of communications services;
• experience in managing visual art collections and exhibitions, 
• integrating curatorial practices in museum operations; and
• multimedia content production knowledge and skill.