Job Vacancies at South African Reserve Bank

Brief Description        

• The main purpose of this position is to plan, direct and manage a section within the Compliance and Enforcement Division and lead investigations of alleged contraventions of the provisions of the Exchange Control Regulations, recoup capital exported in contravention and 419 fraud schemes as well as enforce anti-money laundering legislation in respect of ADLAs.

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

• Give strategic and leadership direction to the division.
• To contribute to the compilation of Divisional operational plan and take responsibility for the implementation as well as the monitoring of own Section’s work plans.
• To provide input to stakeholders (e.g. National Treasury, SARS, SAPS) in terms of policy enhancement and formulation.
• To take responsibility for the planning of work and improvement of workflow for the Section.
• To make suggestions for refining Bank policies, processes and systems.
• To manage quality, facilitate delivery of the Section-specific outputs, clarify roles and responsibilities, optimise and manage Section resources.
• To conduct complex investigations and manage the investigation processes (including the recovery of capital lost, blocking orders, attachments etc.) as well as act as signing authority within prescribed parameters.
• To manage the process of enforcement actions taken against accountable institutions.
• To design and manage the maintenance of a management information system for consistent and accurate reporting of relevant information to Senior Management.
• To manage stakeholder engagements and relationships (internal and external), displaying the ability to solicit information as well as deliver a coherent and convincing message.
• To stay current with developments, ensure application thereof (e.g. changes to policies, rules and regulations, legislation, systems) and provide input to publication and surveys related to own area of expertise.
• To identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks.
• To fulfil the line management function pertaining to development and performance of the staff.

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

• A minimum of a Postgraduate qualification in Law/Commerce/Forensics (in the accounting or financial fields) OR equivalent;
• a minimum of 8-10 years of experience in the compliance, exchange control and banking environment. Experience in managing teams is a key requirement;
• at least two years’ proven experience in managing teams.

Job related knowledge:

• Industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning/ professional development knowledge and skill;
• people management;
• relevant policies;
• relevant software applications (Word, Excel, etc);
• Exchange Control Regulations & Rulings;
• relevant legislation; and
• relevant systems (e.g ORM, Sharepoint and FinSurv Reporting System.

Job related skills and attributes:

• Leading change;
• establishing focus;
• driving results;
• promoting team work;
• developing and growing others;
• service & stakeholder focus;
• effective communication; and
• building & maintaining relationships.

go to method of application »

Brief Description        

• The main purpose of this position is to maintain and install mechanical sub-systems to optimise building systems at the South African Reserve Bank (SARB).

Detailed Description        

• The successful candidate will be responsible for the following key performance areas:
• monitoring and controlling the temperature on all the floors;
• performing changes to the layout of the air-conditioning and ventilation systems in the building, including the fan coil units, fan air terminals and heaters;
• repairing and maintaining the air-conditioning reticulation components for office spaces;
• maintaining the air and water filters;
• maintaining the water treatment system;
• repairing and maintaining the refrigeration systems in the building;
• completing various tasks as and when required;
• performing and coordinating planned maintenance on mechanical equipment;
• managing air-conditioning and ventilation projects; and
• performing standby duties.

Job Requirements        

• To be considered for this position, candidates must be in possession of:
• have a Matric / Grade 12 certificate or an N4 qualification;
• have a diploma in air-conditioning, mechanical engineering or an equivalent;
• have passed a nationally recognised trade test in air-conditioning and refrigeration;
• at least five years of job-related experience after obtaining trade test; and
• have a driver’s licence.

Additional requirements include:

Working experience in:

• the service maintenance of air-conditioning units, including fitment and layout;
• refrigeration and ventilation systems;
• Service and repairs in cold rooms and refrigeration appliance
• gas-welding, brazing and soldering experience;
• experience in a building maintenance environment;
• competence in following safety procedures;
• knowledge of the Occupational Health and Safety Act regulations;
• computer literacy (the Microsoft Office suite);

go to method of application »

Brief Description        

• The main purpose of this position is to support, maintain and enhance the Business Solutions and Technology Department’s (BSTD) applications to ensure systems availability, health and optimal performance.

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

• Support the BSTD applications by monitoring the underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal performance.
• Maintain the BSTD applications by applying corrective measures (e.g., patches, upgrades and bug fixes).
• Proactively monitor all application upgrades, new releases and product replacements which would affect the assigned application.
• 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 reporting and recommendations on solution performance and system availability to senior management and relevant stakeholders.
• Proactively manage business and stakeholder relationships with regard to application support.
• Keep abreast of best practices and technologies related to BSTD as well as ensure the application thereof where relevant.
• Impart knowledge of the technical environment to the system development team.
• Maintain compliance with security and application standards.

Job Requirements        

• To be considered for this position, candidates must be in possession of:
• a Bachelor Degree (NQF 7) in Computer Science, Information Management/Information Technology or equivalent qualification; and
• six to eight years’ experience in supporting, maintaining and enhancing the business intelligence and collaborations environments;
• Oracle WebLogic application experience; and
• other essential experience (specific to BI applications such as Oracle, SAS, Power BI, Tableau, Informatica, Teradata, AWS, Azure, etc.) in:
• application installation and configuration;
• application upgrades and migrations;
• application patching and maintenance procedures;
• application administration;
• application security administration;
• troubling shooting application performance issues;
• disaster recovery, business continuity and managing backups;
• automating batch processes by creating scripts;
• deploying required packages on various BI applications; and
• incident and problem management and resolution..

The following will be an added advantage

• SAS (in full) configuration manager;
• SAS management console;
• Power BI administration;
• Informatica administrator/management console;
• Teradata IntelliCloud; or
• Microsoft Azure/Amazon Web Services (AWS) administrator.

Additional requirements include:

• effective communication skills;
• judgement and decision-making skills;
• client and stakeholder focus;
• drive for results;
• planning and organising skills;
• problem-solving and analytical skills;
• conceptual thinking;
• building and managing relationships; and
• planning and organising skills.

go to method of application »

Brief Description        

• The main purpose of this position is to coordinate all the programmes and projects related deliverables of the construction programmes and projects in support of the Corporate Services Department (CSD).

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

• Compile documentation and provide project technical co-ordination in order to optimise programme and project capital scope, costs and execution schedule. 
• Collate and coordinate project compliance documentation (eg. Scope, Quality, Cost, SHE and Schedule) for programmes and project plans and to liaise with various stakeholders (internal and external) throughout the project life cycle in order to maintain effective communication on all matters relating to the project.
• Coordinate the development and review of the project charter, scope of Work (SoW) and cost estimate.
• Collate risk management information and provide evidence of mitigation plans to the Compliance and Records Coordinator within CSD.
• Collate and co-ordinate the project execution plan documentation tailored for each programme and project to ensure effective and efficient execution.
• Collate documentation and compile governance requirements on all aspects of project management framework.
• Co-ordinate estimates and cost control measures
• Co-ordinate and report on the programme and project schedules on the project performance and progress to the sponsor on a monthly basis. Including To maintain the procurement spreadsheet in order to keep track of contract status and to follow up as required with the Procurement Division and internal and external stakeholders.
• Co-ordinate appropriate handover of the programmes and projects to the Programme Managers as per the PMO framework.
• Contain and follow up on project activities in the absence of the project manager in order to ensure project continuity
• Coordinate all lessons learnt documentation and workshops in order to implement best practices gained from past experiences into Project Management systems, tools and guidelines for use in future projects to improve overall project management effectiveness and efficiencies.
• Maintain a project repository in order to ensure that project information is accessible to all stakeholders and available for audit purposes.

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

• a minimum of a National Diploma (NQF 6) OR equivalent in project management; and
• a minimum of 3-5 years of broad cross functional experience in construction project management and process management.

Additional requirements include:

• project compliance management knowledge and skill
• project planning knowledge and skill
• project legislation and governance, risk and compliance knowledge and skill
• project risk management knowledge and skill
• project information management knowledge and skill
• project reporting knowledge and skill;
• communication skills in English (i.e. written and verbal);
• building & maintaining relationships
• impact & Influence
• interpersonal sensitivity
• analysing & problem solving
• planning & organising and
• team player.

go to method of application »

Brief Description        

• The main purpose of this position is to provide credit risk analysis in the Risk Management Section of the Financial Markets Department within the South African Reserve Bank (SARB).

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

•  Analyse, assess, evaluate and report on credit risk, to facilitate informed investment decision making.
•  Contribute towards the formulation and implementation of policies related to credit risk.
•  Conduct research on credit-risk developments and make recommendations based on the findings and best practices.
•  Assist in the development of strategies for credit-risk management.
•  Assist in the conceptualising and building of risk models for calculating risks associated with counterparties, portfolios and particular trades or strategies
•  Conduct fundamental credit analysis, including, financial statement analysis for the selection, evaluation and management of the credit quality of the SARB’s counterparties.
•  Participate in cross-functional activities for the alignment and harmonisation of risk-related information.
•  Develop and maintain business relationships with experts within the financial markets industry.
•  Develop and maintain procedure manuals for operational purposes.

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

•  a Bachelor’s degree in Finance, Risk Management, Investment Management or an equivalent qualification; and
•  two to five years’ experience in investment risk management or a related field.

 Additional requirements include:

• either the Chartered Financial Analyst, Financial Risk Manager or Professional Risk Manager designation will be an added advantage;
• knowledge of financial instruments and risk management;
• knowledge of modern risk management methodologies;
• knowledge of commercial or investment banks’ operating models
• problem-solving and analytical skills;
• conflict management skills;
• verbal and written communication skills;
• presentation skills
• computer literacy skills;
• interpersonal skills;
• ability to maintain confidentiality; and
• team player.

go to method of application »

Brief Description        

• The main purpose of this position is to perform a variety of general accounting duties within the Financial Service Department of the South African Reserve Bank.

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

• Perform general accounting duties and reconciliations in accordance with SARB policies, relevant accounting standards and acts.
• Prepare and provide information related to transactions within a defined context to relevant stakeholders.
• Perform general administration, including preparation of payment instructions, data capturing and record keeping in order to ensure the smooth running of the section operations.
• Engage in short term planning and perform tasks against work plans as defined in conjunction with supervisor.
• Perform work independently within established practices, given processes, rules and regulations ensuring compliance with standards, policies and other guidelines.
• Create and maintain consistent Metadata in a manner that allows for clear and unambiguous data element definition and meets legislative, quality and security requirements as well as test system changes.
• Engage with relevant stakeholders/clients, within the SARB and external parties, displaying a service orientation in own work and the ability to handle basic queries and explain information fluently.
• Proactively broaden knowledge of functional area, including technological advancement and displaying willingness to make improvements in own work (including methods and practices).
• Evaluate own performance against given criteria, identify and address task specific learning needs.

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

• a National Diploma in Financial Accounting or an equivalent NQF 6 qualification;
• a Bachelor of Commerce Degree in Financial Accounting will be an added advantage;
• one to two years’ working experience in an Accounting environment.

Additional requirements include:
knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development;
• financial accounting;
• financial reconciliation;
• function specific - information systems;
• service delivery;
• finance legislation, and governance, risk and compliance;
• business continuity planning knowledge;
• payment settlement accounting;
• verbal and written communication;
• drive for results;
• learning focus;
• team work;
• service & stakeholder focus;
• analysis and problem solving.  

go to method of application »

Brief Description        

• The main purpose of this position is to collect, compile and analyse public sector statistics and to provide accurate economic information to support policy formulation.

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

• Analyse and produce data that is valid, reliable and justifiable based on rigorous comparisons with historical trends and reconciliation with other related data.
• Draft thorough, concise and reliable economic reports on short-term economic activity, trends and performance of the South African economy.
• Monitor domestic and international economic activities, developments and trends, and explain the implications thereof.
• Maintain a comprehensive, updated and accurate economic database by inputting data, across all short-term economic indices and disciplines dealt with in the Quarterly Bulletin, into the structured databases.
• Review, update and improve database structures on a regular basis to ensure all data are properly captured and aggregate time series and cross-section data are calculated accurately.
• Conduct research and analysis on key aspects of the public finance domain. 
• Lead a team on simple short-term economic models and/or work as part of a team on complex economic models.
• Stay abreast of new thinking in research or statistical methodologies considering the implications of these changes for own work.
• Present research findings to departmental forums and/or work in partnership with other divisions/departments/organisations to expand and improve the quality and awareness of statistical information available.
• Support on-the-job training for junior team members and monitor implementation.

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

• an Honour’s degree in Accounting, Economics, Statistics or an equivalent qualification;
• a Master’s degree would be an added advantage; and
• at least five years’ experience in the field of economic analysis and/or financial economics or accounting.

 Additional requirements include:

• an affinity for statistics;
• being task-oriented, with time management skills to operate in a deadline-driven environment;
• ability to work independently as well as within a team/project environment;
• excellent communication and report-writing skills;
• initiative and problem-solving skills;
• analytical skills;
• ability to pay attention to detail;
• good interpersonal skills; and
• ability to programme in ‘R’ or related open-source software will be added advantage;

go to method of application »

Brief Description        

• The main purpose of this position is to support, maintain, and enhance all Application Performance Management (APM) applications and lead Third Party Service Providers to ensure systems availability, health, and optimal performance.

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

• To monitor applications and underlying environments (databases and application servers, cloud infrastructure) to ensure capacity management, systems availability, and optimal long-term performance.
• To configure, upgrade and provide general support for all APM solutions.
• To drive enhancements of all APM Solutions through the installation of new features and configuration of solution architecture throughout the application lifecycle to ensure delivery of new functionality and innovation.
• To execute the Applications Roadmap and Product Lifecyle to enable accessibility to product support as well as the latest functionality and innovation.
• To provide guidance and technical input to service providers in resolving complex issues across all APM applications, addressing integration issues across multiple business applications.
• To lead engagements with cross functional stakeholders and take responsibility for managing the relationship.
• To keep abreast of industry best practices and technologies and lead implementation of APM Solutions.
• To impart knowledge of the technical environment to the system development team.
• To proactively identify and drive initiatives to ensure compliance and adherence to security & application standards across all APM applications.
• To identify, manage and mitigate risks relating to support of all APM applications.
• To provide reports and recommendations (including development of dashboards) on solution performance and system availability to senior management and relevant stakeholders.
• To manage the delivery and performance of Third-Party service providers against the agreed Service Level Agreements.
• To provide input into the Divisional budget and forecasts related to operational expenditure for the APM Solution.
• To collaborate with network team, application owners to ensure end to monitoring and issue resolution in line with best practices and standard operating procedures.

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

• a Bachelor’s degree (NQF 7) in Computer Science, Information Systems or an equivalent qualification;
• a minimum of 8-10 years of experience supporting, maintaining and enhancing APM Solutions

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
• Business continuity and planning knowledge
• IT enablement planning knowledge
• IT transformation and innovation skills
• Release management knowledge
• Application design, configuration and development knowledge and skill
• Application support and maintenance knowledge and skill
• Infrastructure design and development knowledge and skill
• Systems integration knowledge and skill
• Planning and organising
• Building and managing relationships
• Technical Analysis skills