Hot Jobs at South African Reserve Bank

Detailed description

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

• Manage and monitor operational, preventative and corrective maintenance programmes.
• Maintain equipment and replacement programmes, including the documenting and inventory of all related systems.
• Manage the work of all HVAC contractors and service providers to ensure compliance with contractual agreements and budgetary restrictions. 
• Assist in vendor selection and soliciting bids for HVAC services. 
• Ensure that the design and maintenance of HVAC systems meet legislative as well as health and safety requirements. 
• Supervise the installation of HVAC systems, and specify maintenance and operating procedures.
• Negotiate and develop project contracts with external service providers. 
• Respond to emergency situations and provide assistance as directed. 
• Commission, organise and assess the work of contractors. 
• Manage and forecast expenditure, using full life-cycle costing techniques and ensure that work is completed within budget. 
• Perform other duties as assigned by the manager of operations.
• Manage the performance and development of staff in the HVAC subsection.

Qualifications

Job requirements

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

• a national trade test in refrigeration or mechanical;
• N4 in refrigeration qualification or equivalent technical qualification; and
• two to five years’ experience in a technical trade environment

Working experience in:

• the service maintenance of air-conditioning units, including fitment and layout;
• conversant in the dynamics of a high-rise and/or high-tech commercial office and building environment;
• maintaining electrical equipment and systems;

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Detailed description

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

• Develop, review and maintain the quality assurance and improvement programme of the SARB to identify any non-compliance with the policies and/or procedures of the Risk Management and Compliance Department (RMCD) to identify opportunities for improvement.
• Perform quality assurance reviews on the deliverables of RMCD’s specialised suite of disciplines – including risk management, ethics, anti-money laundering (AML), compliance risk management, project risk management, combined assurance, business continuity management, SHEQ oversight, environment social governance (ESG) and climate risk – and report on the results thereof, also providing recommendations for corrective actions to be implemented by the appropriate party(-ies).
• Perform the annual maturity assessments of the SARB’s risk management, ethics, AML, compliance risk management, project risk management and combined assurance activities, and report on the results thereof, also providing recommendations for corrective actions to be implemented by the appropriate party(-ies).
• Track progress on agreed corrective actions and ensure that the matters receive the necessary attention through to finalisation.
• Conduct research/benchmarking activities on emerging issues and opportunities to keep current on any changes and emerging best practice of the profession from a professional practice and quality assurance perspective.
• Advise the risk delivery teams on the practical application and implementation of RMCD’s specialised suite of disciplines.
• Provide regular methodology training and updates to risk professionals across the risk and compliance function, including new recruits/joiners.
• Conduct RMCD’s annual internal quality assurance assessments against all the ISO 31000, ISO 22301 and ISO 27001 standards as well as the code of ethics to test conformance thereto.
• Contribute to the coordination of RMCD’s combined assurance activities in conjunction with the SARB’s Internal Audit Department.

Qualifications

Job requirements

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

• the minimum of a Bachelor’s degree (NQF 7) in Internal Auditing or Risk Management, or an equivalent qualification; and
• the minimum of 5–8 years of relevant work experience within an auditing or risk management environment, including quality assurance experience.

The following would be an added advantage:

• a quality assessor certification.

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Detailed description

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

• Develop own work plans and deliverables in consultation with the Team Leader. 
• Define, plan and manage the inventory of COTS software, including demand consolidation, planning and budgeting (capital and operational expenditure), capitalisation and reconciliation.
• Oversee stock and store management in line with general warehousing principles, ensuring compliance and safeguarding assets.
• Assess, analyse and compile information and communication technology (ICT) asset/component (COTS software) specifications based on end-user requirements.
• Facilitate the procurement process for ICT assets (COTS software), including compiling and verifying technical specifications and evaluating supplier quotations and the procurement, delivery, recording, payment and capitalisation of the assets.
• Maintain the ICT software asset register for COTS software throughout the asset life cycle, ensuring compliance with software licensing agreements.
• Ensure maintenance and contract agreements are established, where necessary.
• Evaluate the condition and usability of the COTS software, providing recommendations to maintain assets within their life cycle.
• Manage the disposal or removal of redundant COTS software, including obtaining approval for write-offs, updating the fixed asset register and ensuring disposal follows recommended procedures.
• Stay abreast of market trends and developments within the technical and functional area, ensuring the timely and relevant application of new methods and systems.
• Produce value-adding reports for management, subject matter experts and relevant stakeholders.
• Monitor and assess asset utilisation (harvesting and metering) within the SARB, offering recommendations to improve compliance and asset usage.
• Engage with internal and external stakeholders to support optimal operations and service delivery.
• Oversee and ensure quality management of changes within ICT asset systems, such as the enterprise resource planning (ERP) and service asset and configuration management (CA SAM/SAM) tools. 

Job requirements

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

• a Bachelor’s degree in information technology (IT) or an equivalent qualification;
• a minimum of five to eight years’ working experience in IT, specifically within an IT asset or financial environment; and
• an IT Infrastructure Library (ITIL) Foundation V3 certification would be an added advantage.

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Job Description

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

• Conduct research and draft policies related to the resolution functions of the South African Reserve Bank (SARB).
• Develop resolution plans and assess the operational preparedness of financial institutions in resolution. 
• Analyse data submitted by financial institutions to inform the development of resolution plans and resolvability assessments, and present findings to the Senior Resolution Planning Specialist.
• Identify information gaps within submitted data and propose actionable solutions to address these gaps. 
• Evaluate and interpret industry-wide issues concerning the coordination and management of failing financial institutions as well as the risks associated with such failures.
• Engage with financial institutions and industry stakeholders to address matters related to resolution processes.
• Identify and highlight obstacles to orderly resolutions, facilitate both internal and external meetings to discuss these challenges and develop recommendations for consideration by the SARB executive.
• Stay abreast of international best practices and sector developments, analyse their implications on the work of the Resolution Planning Division and recommend improvements to current practices. 
• Prepare and deliver presentations to SARB and industry forums on topics related to resolutions.
• Execute the day-to-day activities of the Resolution Planning and Crisis Management Division.

Qualifications

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

• an Honours’ degree in either Banking, Finance, or Law or have an equivalent qualification; and 
• at least five years’ relevant experience, including policy drafting, with a background in finance or financial regulation; and
• completed accounting articles will be an added advantage.

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Detailed description

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

• Lead both quantitative and qualitative systemic risk assessments and present findings to policymakers.
• Analyse and synthesise data and information from a variety of sources to identify trends, themes and patterns; draft key findings, and present recommendations that are financial stability relevant, impactful and implementable to both internal and external stakeholders.
• Recognise, interpret and report on developments in the domestic and international financial sector and/or financial markets that may have actual/potential systemic impacts on the financial system.
• Develop the scope, research and compile high-quality, concise and clear reports and presentations on the findings which have clear implications for policy makers on the stability of the domestic financial system.
• Conduct research using established methodological standards and techniques to inform the assumptions and relationships that underpin economic and other models.
• Build econometric models, run short-term simulation exercises, and analyse and explain model results.
• Develop and implement top-down and bottom-up stress testing frameworks, including methodologies, processes and models.
• Stay abreast of methodological developments for common scenario stress testing, analyse how these changes impact current methodologies and propose/change current methodologies based on identified changes. 
• Support the execution and reporting of stress testing exercises in the financial system to provide advice to policymakers.
• Review sections of work produced by team members, and verify and validate that the specific deliverables have been completed in accordance with departmental quality assurance standards.
• Support the skills development of junior specialists by providing guidance on the subject matter within your own scope of work.
• Contribute to and support other strategic projects/objectives as required.  

Job requirements

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

• a minimum of an Honours degree in Economics, Econometrics, Finance, Statistics, Investment Management or an equivalent qualification; and
• a minimum of five years’ relevant job-related experience in macroeconomics, econometrics, finance and/or quantitative analysis of systemic risk in the financial sector.

The following would be an advantage: 

• proven experience in financial regulation; 
• a proven research record, including publications in accredited journals; and
• a master’s degree in Economics or a related field. 

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

• Participate in short-term planning and perform tasks according to work plans developed with the superviser. 
• Work independently within established procedures, processes, rules and regulations, maintaining compliance with all standards, policies and relevant guidelines when completing assigned tasks.
• Identify, evaluate and resolve defined, routine and new issues within a familiar context.
• Perform basic accounting duties in accordance with SARB policies, applicable accounting standards and relevant legislation. 
• Compile and provide payroll-related information within a defined context to relevant stakeholders.
• Perform general administration tasks, including preparing payment instructions, data entry and record management to support the smooth operation of the division.
• Engage with both internal SARB stakeholders and external parties, demonstrating a customer-focused approach, handling basic enquiries and communicating information clearly and confidently. 
• Actively seek to broaden knowledge of the functional area and show initiative in enhancing personal work methods and practices.
• Review own performance against set criteria and identify and address any task-specific learning needs.

Qualifications

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

• a minimum of a Bachelor’s degree, an Advanced Diploma in Financial Accounting (NQF 7) or an equivalent qualification; and
• a minimum of six months to two years’ experience in a financial services environment, specifically in payroll administration.

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Detailed description

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

• Monitor and report on exceptions by institutional investors and Authorised Dealers. 
• Process applications and correspondence, ensuring that regulated entities comply with the prescribed policies and the requirements outlined in the Currency and Exchanges Manual for Authorised Dealers.
• Prepare the required statistical reports and ad hoc management information.
• Conduct risk-based inspections.
• Maintain a reliable database of institutional investors and Authorised Dealers.
• Assist the team with other functions, as may be required from time to time, in line with the strategic and operational objectives of the department.
• Independently deliver high-quality work within established practices, processes, rules and regulations.
• Engage with relevant internal and external stakeholders, where applicable, demonstrating the ability to convey and explain information fluently.
• Embrace and leverage analytical tools to automate processes and reduce inefficiencies in monitoring exceptions.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.
• Embed the South African Reserve Bank’s (SARB) culture.
• Proactively broaden knowledge and stay abreast of changes in policies and regulations within the functional area.

Job requirements

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

• a Bachelor of Commerce qualification or an equivalent NQF 7 qualification; and 
• two to five years’ relevant experience in the financial, banking or regulatory sector.

Added advantage:

• knowledge of the Currency and Exchanges Manual for Authorised Dealers and exchange control regulations.

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Detailed description

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

• Provide technical expertise as input into cybersecurity capabilities and appropriate controls for departmental/SARB Group projects to contribute towards business objectives.
• Provide operational and management support through effective reporting and dashboard creation (where relevant).
• Design and deploy industry-aligned security solutions to meet business requirements.
• Use and maintain security technologies to identify potential security issues across technologies, solutions and applications within the SARB Group.
• Respond to minor security breaches by effecting operational countermeasures, including making technical configuration changes.
• Support the investigation and containment of major incidents using advanced information.
• Innovate, design and implement opportunities for improvements/enhancements, integration, consolidation and automation, to ensure the cost-effective and optimal use of CSO technology as well as resources in support of protecting business solutions.
• Research and keep abreast of new and changing cybersecurity technologies and architectures.
• Scan the external threat landscape and identify vulnerabilities within SARB Group’s solutions.
• Assist solution owners with remediation activities relating to the ever-evolving cyber-threats.
• Provide technical input into addressing audit findings, penetration tests, TIBER and other risk assessments.
• Work closely with the governance teams to develop policies, standards and a SARB Group cybersecurity strategy.
• Attend to service and incident requests, and ensure the resolution thereof within agreed service level standards.

Job requirements

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

• the minimum of a Bachelor’s degree (NQF 7) in Information Technology (IT) or an equivalent qualification; and
• the minimum of 5–7 years of job-related experience working in a security operations environment and related systems, for example:
• AD (Active Directory);
• Microsoft (MS) Entra ID (Azure) and M365 Could Security;
• PowerShell Scripting;
• Certification Authority;
• Mimecast;
• Center for Internet Security (CIS) policy management;
• Silverfort (UIP);
• Tenable; and/or
• password management solutions.

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Detailed description

The successful candidate will be responsible for, among other tasks, the following key performance areas:

• Conduct research to inform the development of policies related to the SARB’s crisis management and resolution functions.
• Analyse data submitted by financial institutions to aid the development of resolution plans and the execution of resolvability assessments.
• Identify information gaps and contribute to developing proposals aimed at addressing these gaps.
• Engage with financial institutions and industry stakeholders on issues related to crisis management and resolution.
• Provide administrative support for meetings with both internal and external stakeholders.
• Assist in the coordination and administration of the SARB’s Resolution Policy Panel and the Resolution Planning Working Group.
• Stay abreast of international best practices and sector developments, analyse their implications for the Resolution and Crisis Preparedness Division and suggest improvements to current practices.
• Assist in preparing presentations for various SARB and industry forums on topics related to crisis management and resolution.
• Support the day-to-day operations of the Resolution and Crisis Preparedness Division.

Job requirements 

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

• an Honours’ degree in either Banking, Finance, or Law or have an equivalent qualification; and 
• two years’ job-related experience within the financial sector or financial services industry.

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Detailed description

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

• Assist in finalising and implementing monitoring frameworks for systemic risk in domestic financial institutions. 
• Analyse new data and reconcile it with historical trends and other relevant data and sources. 
• Conduct research to inform the assumptions and relationships that underpin economic and other models.
• Help build simple models, run short-term simulation exercises, and analyse and explain model results. 
• Compile thorough, comprehensive and descriptive reports. 
• Understand and apply all methodological standards, techniques and protocols relevant to the work. 
• Prepare briefings and presentations on research findings and economic analysis and present these to the internal team.
• Support the skills development of junior specialists by providing guidance on the subject matter within the position’s scope of work.
• Assist in developing and implementing top-down and bottom-up stress testing frameworks, including methodologies, processes and models.
• Support the execution and reporting of stress testing exercises in the financial system to provide input to policymakers. 
• Support senior macroprudential specialists in coordinating and analysing stress testing results with relevant stakeholders.

Job requirements

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

• a Bachelor’s degree (NQF 7) in Economics, Finance or Statistics, or an equivalent qualification; 
• at least two to five years’ relevant job-related experience; and
• a strong background in economics or econometrics.

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Detailed description

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

• Design, develop and implement integrated stakeholder engagement, change management and communication strategies for CSD initiatives to embed and sustain change efforts in line with strategic objectives.
• Develop and implement tools to measure and report on the success, impact and effectiveness of the stakeholder engagement, change management, reporting and communications strategies and approach to support and facilitate targeted engagement.
• Develop strategic demand plans for the division and department.
• Contribute to the development of the divisional strategic and operational plan and manage the implementation thereof. 
• Plan, organise and manage outputs of Stakeholder and Change Section.
• Develop annual plans for the portfolio allocation of planned projects and initiatives for the team.
• Develop and maintain relationships and engage with strategic partners, internal and external stakeholders as well as interest groups.
• Oversee and approve CSD communications for the department.
• Assume responsibility for the CSD intranet and keep its content current and effective.
• Develop integrated data insights and report for a single and holistic view of stakeholder engagement, change management, communications and decision-making outcomes that enable the identification of themes and risks and make recommendations for mitigation of risks.
• Manage the review, analysis, mapping and management of stakeholders for an informed and updated stakeholder database to promote alignment and ensure focused and relevant engagements.
• Manage the implementation of customer relationship management system, ensuring the functionality supports the rollout of the strategies.
• Collaborate with the Group Communications, Strategy Management Office and Human Resources departmental teams for the effective rollout of change management and communication in compliance with the SARB policies.
• Keep abreast of developments in the communication, change management and stakeholder engagement environments and effect improvements to the processes.
• Manage the performance, outputs and development of team members.

Job requirements 

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

• an Honours degree (NF8) in Communications, Public Relations, Business Management, Commerce or an equivalent qualification; and
• 8−10 years’ experience in a stakeholder management and change management in a strategic environment; and
• five years’ management experience.

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Detailed description

The successful candidate will be responsible for, among other things, the following key performance areas:

• Stay abreast of financial market developments, in particular money markets, and provide accurate market information, commentary and recommendations on a regular basis. (This will require a good understanding of the SARB’s money market operations and other money market instruments.)
• Conduct high-quality quantitative and qualitative research, analysis and interpretation of the domestic and international financial markets in support of the formulation and implementation of monetary policy as well as for financial stability purposes.
• Contribute to the preparation and delivery of high-quality presentations to senior forums of the SARB, including the Monetary Policy Committee (MPC) and the Financial Stability Committee (FSC).
• Write and contribute to keynote speeches and briefing notes for the senior executives of SARB.
• Produce market reports and feedback to provide management information and market intelligence.
• Participate in internal and external committees and make presentations at meetings.
• Build and maintain relationships with stakeholders such as, but not limited to, the banking and asset management sector, for the purpose of gathering market intelligence.
• Ensure that the methodologies applied in areas of specialization comply with local and international standards and reflect best practices internationally.
• Recommend improvements in methodologies (where necessary).
• Provide secretariat services to Financial Market Department committees, which include external participants.
• Participate in and provide inputs into divisional strategy formulation sessions.
• Coordinate and collaborate with various internal departments as and when appropriate.

Job requirements

To be considered for this position, candidates must have:

• an Honours degree in Economics or Finance (NQF8), or an equivalent combination of education and job-related experience;
• five to eight years of work experience in a specialist role in market analysis; and
• knowledge of domestic and international financial markets, especially money markets

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Detailed description

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

• Contribute to the development of incident response documentation, including terms of reference and operating procedures.
• Define and improve the CSIRT operations and coordinate activities, including communications to external parties in the event of severe incidents.
• Refine and continually improve cybersecurity incident management plans, tools, methods and processes.
• Plan and organise cyber incident simulations and desktop exercises.
• Effectively coordinate the response to security breaches and lead the investigation and containment of the incident by sourcing and interpreting advanced information and executing operational countermeasures, including making technical configuration changes.
• Conduct post-incident root cause analyses and contribute to the improvement of security monitoring, intelligence and forensic teams.
• Work with external cyber liaison functions to ensure CSIRT coordination aligns with the wider sector and national and international cyber resilience coordination.
• Manage coordination between the incident response team and the investigative and support functions to ensure all stakeholder priorities are addressed.
• Manage external forensic and advanced incident response support to ensure the delivery of value and alignment with sectoral processes.
• Stay abreast of industry practices and changes and incorporate them into the various functional areas.
• Compile and provide integrated management information reports to support decision-making.
• Lead and participate in engagements with relevant stakeholders/clients and external parties, including the sectoral, national and international liaison, for the purpose of information-sharing and coordinated technical response.
• Compose clear and concise CSIRT close out reports, detailing causes, investigation outcomes, actions taken, recommendations and lessons learnt.
• Understand the cyber threat landscape and stay abreast of emerging threats and threat actors.

Job requirements

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

• a minimum of an Honours degree (NQF 8) in Information Technology or an equivalent qualification;
• valid advanced cybersecurity certifications, such as Certified Information Systems Security Professional or SANS 504™ or equivalent role-focused certifications; and
• at least eight to 10 years in information security, with three to five years’ job-related experience in a core security incident response team role.

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Detailed description

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

• Conduct detailed research and analyses on possible financial stability risks in the domestic and global macroeconomic environments, and in financial markets in order to provide technically accurate reports and policy recommendations, and demonstrate the ability to defend findings at the Financial Stability Committee (FSC).
• Apply international best practice to identify and develop tools for the measurement of systemic risks in the financial system.
• Contribute to research for the Financial Stability Review (FSR), coordinate the drafting of sections and quality assure sections of the publication.
• Stay abreast with emerging cyber technology developments, such as the use of artificial intelligence, that could lead to the build-up of financial stability risks, and provide assessments of the impact thereof on the stability of the South African financial system.
• Deliver work independently and determine deliverables from a range of prescheduled and ad hoc team responsibilities.
• Validate data (including data for submission to external parties, publications and presentations) and ensure the reconciliation thereof with historical trends and all related economic data.
• Quality assure and integrate the analysis and reports of junior macroprudential specialists.
• Make presentations on financial stability to senior management and various committees of the South African Reserve Bank (SARB) as well as to external stakeholders.
• Apply emerging knowledge in own field of expertise and mentor junior staff.
• Use networking effectively to build relationships with both internal and external stakeholders.
• Represent the SARB in regional and international forums. 

Job requirements

To be considered for this position, candidates must:

• have a minimum of an Honours degree in Economics, Finance, Econometrics or an equivalent qualification;
• have a minimum of 8-10 years’ job-related experience with a strong background in macroeconomics and/or financial markets;
• be proficient in the use of quantitative methods of analysis; and   
• have knowledge of macroprudential theory and policies.

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Detailed description

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

• Provide support for the Prudential Authority systems to ensure that financial institutions returns and profiles are accurate and reliable. 
• Perform daily system monitoring, troubleshooting and maintenance to enhance system performance.
• Prepare and provide accurate and reliable data and information in support of the PA strategic decisions.
• Oversee receipt and delivery of accurate and reliable data from the regulated financial institutions.
• Monitoring the receipt of data from regulated financial institutions. 
• Provision of reports and graphs to the frontline analysts in order to create insights as part of ongoing supervision.
• Reporting the contravention of regulatory requirements by regulated financial institutions to the relevant frontline analysts in order to address any irregularities. 
• Perform system available testing during the business continuity.
• Conduct information systems training to the users of the systems across the PA
• Perform administrative duties associated with the role.
• Contribute to divisional, departmental and PA wide projects in line with the PA objective. 

Job requirements

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

• a Bachelor’s Degree in Information Technology/Information Systems/Computer Science (NQF 7) or an equivalent qualification. 
• At least two to five years’ experience in data management/data administration