Job Openings at South African Reserve Bank

Detailed description

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

• Monitor financial market developments and analyse market pricing, flows and behaviour to identify emerging risks, shifts in expectations and potential sources of monetary or financial instability.
• Combine qualitative intelligence with quantitative data, models and surveys to produce clear analytical insights. 
• Research and implement relevant new methods, analytical techniques and best practices related to gathering, analysis and reporting of market intelligence.
• Engage directly with a wide network of external financial market participants, including banks, asset managers, insurers and infrastructure providers.
• Systematically gather, aggregate and challenge qualitative intelligence from market contacts, ensuring diversity of views.
• Maintain strategic relationships with key participants in the financial markets.
• Produce high‑quality written briefings, dashboards and presentations for senior policy forums, including the Monetary Policy Committee and Financial Stability Committee.
• Contribute directly to briefing packs and narrative used in MPC and FSC.
• Support the design, evaluation and communication of market operations and facilities. 
• Contribute to the design, execution and analysis of structured intelligence tools, combining survey data with broader market intelligence.
• Use survey results to assess market expectations, perceptions of policy and macroeconomic risks. 
• Collaborate with colleagues across the SARB to deliver on cross‑cutting analytical projects, horizon scanning exercises and longer‑term research agendas.
• Transfer knowledge and skills to junior specialists, which includes providing technical support and monitoring their progress.
• Assist with committee administration and provide secretarial support. 
• Perform ad hoc tasks.

Qualifications

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

• an Honours degree (NQF8) in Economics, Finance, Financial Engineering, Statistics or related field or an equivalent combination of education and job-related experience; and 
• five to eight years of job-related experience in financial markets

The following will be an added advantage:

• strong understanding of financial markets and instruments
• demonstrated analytical skills, with the ability to synthesise complex qualitative and quantitative information into clear judgments;
• excellent written and verbal communication skills;
• ability to build credibility and relationships with external market participants;
• strong judgement and professional integrity when handling sensitive market information;
• knowledge of quantitative finance;
• proficient in Microsoft Office, R and/or Python; and
• proficient in data analysis. 

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

• Embed risk management frameworks, methodologies, processes, systems and related policies.
• Analyse the business environment to support and guide the identification of risks and opportunities. 
• Identify and report on emerging risks to the SARB Group.
• Facilitate, assess, analyse and embed information technology (IT) application as well as general IT risk assessments to enable clients to proactively manage risks relating to technology.
• Consolidate, analyse, maintain and report on the centralised risk incidents database for the SARB Group.
• Identify and coordinate departmental risk management training needs, including for own Risk Management and Compliance Department (RMCD), and conduct related training.
• Embed and promote a positive and proactive risk management culture across the SARB Group.
• Provide input into the SARB-wide overarching risk plan, and embed and coordinate operational risk and continuous risk management across the SARB Group, including key risk incidents and emerging risks.
• Conduct quality reviews on departments’ compliance with risk management frameworks and policies, including the risk management outcomes and activities within the SARB Group.
• Compile and coordinate reporting on the risk management outcomes and activities to the SARB Group’s management, executives and risk oversight committees.
• Research and benchmark leading risk management processes and developments, and propose improvements accordingly.
• Manage the implementation of RMCD’s strategic and operational risk treatment action plans, and report on their progress and impact on risks. 
• Assist in the implementation and continuous enhancement of RMCD’s IT systems.
• Review the risk management database to ensure the integrity of data.
• Build and manage relationships with clients and other stakeholders.
• Collaborate with internal and external stakeholders to provide data, insights and analytical expertise on risk and controls across the SARB Group.

Qualifications

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

• the minimum of a Bachelor’s degree in IT, Risk Management or Auditing, or any other relevant NQF 7 qualification); and
• the minimum of 5–8 years’ relevant and practical experience in the IT, IT auditing and/or IT risk management field.

The following would be an added advantage:

• an Honours degree (NQF 8) or another relevant qualification with IT, Risk Management or Auditing; 
• being a Certified Risk Professional or a Certified Information Systems Auditor (CISA);
• having a Certified in Risk and Information Systems Control® (CRISC®) certification;
• IT risk management experience in a financial environment; and/or
• experience in the use of a risk management computer software application.