Job Vacancies at South African Reserve Bank

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

• Ensure that all business end-user requirements for information technology (IT) services are documented through service standards.
• Ensure that all agreed IT services standards are met.
• Monitor and report on day-to-day services delivered by the Business Solutions and Technology Department (BSTD) by monitoring operational activities within contracts to determine and resolve areas of non-delivery.
• Participate and guide IT demand planning by compiling and managing the information and communications technology (ICT) budget for the South African Reserve Bank (SARB) departments, ensuring that their requirements are delivered according to specification.
• Act as the primary liaison between service delivery and the business for existing and agreed-upon IT services.
• Actively develop and enhance relationships with key stakeholders, manage their expectations and monitor satisfaction levels.
• Take accountability for the implementation of operational ICT projects in partnership with the IT Project Management Office (PMO).
• Stay informed about ICT trends and demonstrate a deep knowledge of the BSTD service catalogue in order to provide adequate and relevant services.
• Demonstrate client departmental domain knowledge to ensure the delivery of fit-for-purpose solutions.

Job requirements 

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

• a National Diploma (NQF 6) in Information Technology; and
• five to eight years’ experience in an IT customer relationship and service management environment.

The following would be an added advantage:

• an ITIL certification; and
• experience in an IT technical environment.

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Detailed description

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

• Work as part of a team in consulting with stakeholders and business clients in respect of problem definition and the identification of business requirements for low- to medium-risk projects.
• Provide analytic support in the form of data analysis and modelling, reviewing business processes and procedures, assessing possible solutions, and defining solution requirements and acceptance testing of the ultimate solution.
• Propose inputs to the elaboration of solutions, their scope and feasibility, and their supporting business case for assurance by a more senior/experienced business analyst.
• Assist a more senior/experienced business analyst in modelling the business and information technology (IT) domains.
• Stay abreast of changes to analytical tools and methodologies and apply these in the course of own work.
• Facilitate workshops, prepare presentations, and independently engage customers in respect of problem definition and the identification of business requirements.

Job requirements

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

• An Honours degree in IT or equivalent;
• a relevant Business Analysis Certificate; and 
• two to five years of experience in a business analysis environment. 

Additional requirements include:

• industry, business and organisational awareness;
• IT governance, risk and compliance knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• business transformation and optimisation knowledge and skill;
• elicitation techniques knowledge and skill;
• business analysis practices, methodology and tools knowledge and skill;
• realisation and testing practices knowledge and skill; and
• IT domain management knowledge and skill.

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Detailed description

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

• Define, develop and maintain reference models, principles, standards,frameworks and patterns for integration architecture.
• Define and co-develop high-level target architectures.
• Collaborate with key business, systems and technical stakeholders to develop, implement and harmonise end-to-end solution architecture, ensuring interoperability across business, data, application, technology, integration, infrastructure and security architectures now and in the future.
• Participate in governance forums relevant to the complex IT solutions being delivered from ‘concept to commissioning’.
• Conduct research and provide thought leadership on integration technology and design thinking required to address or simplify complexity of business solutions.
• Identify opportunities for alignment, reuse of patterns and technology components and optimisation of integration technologies across the enterprise, key programmes and projects.
• Identify gaps and assess the impact of architecture decisions, recommendation on adjacent ‘in-flight’ projects that may benefit or be adversely impacted.
• Govern in product selection process, negotiations, contracting and onboarding of external third-party system integrators, software and technology vendors related to delivering complex IT architectures and business solutions.
• Ensure compliance with the SARB’s policies, procedures and other legislative requirements and ensure that risks within the function are identified, assessed and mitigated.
• Ensure alignment between enterprise architecture, other domain architectures and solution architecture

Job requirements

To be considered for these positions, candidates must be in possession of:

• an Honours degree in Informatics, Computer Science, Engineering or a related field;
• industry-specific certifications such as TOGAF 9.1 and SABSA Foundation or security industry certifications such as CISSP-ISSAP, GSE and CGEIT; and
• 8−10 years’ experience in architecture domains such as business architecture, data architecture and application architecture, with at least 5 years’ enterprise architecture experience.

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Job Description

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

• Manage user access controls and permissions (through creation, modification and deletion) to prevent unauthorised user access, in accordance with SARB Group security policies.
• Monitor security system access and perform security log analysis to ensure compliance to the SARB Group security policies.
• Respond to, analysis and resolve security system incidents and provide post-event analyses.
• Manage and maintain security server infrastructure and applications to ensure that all physical security systems are compliant.
• Review and maintain documentation for security systems, procedures and security diagrams for governance purposes.
• Analyse, collate and escalate required security infrastructure and application incident information for investigation purposes.
• Manage relationships with internal and external stakeholders to ensure functionality and serviceability of all security system infrastructure and application systems.
• Provide technical inputs into the end-to-end research, design, build and run methodology in relation to security system infrastructure and applications.
• Stay current with industry developments and best practices and apply these in course of own work.
• Recommend improvements to the ‘build’ team to enhance system security and efficiency.

Qualifications

To be considered for this position, candidates must have:

• a National Diploma (NQF 6) in Business System Administration, Electronics, Security, Information Systems, Computer Science or an equivalent qualification;
• registered or be eligible for registration as PSIRA Grade C; and
• an N+ certification will be an added advantage.

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Detailed description

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

• Facilitate national, regional and international financial (central banking) industry collaboration to strengthen cybersecurity resilience by advocating and supporting relevant legislative frameworks, establishing appropriate cybersecurity structures and actively participating in national forums as mandated under the Financial Sector Regulation Act 9 of 2017 and the National Cybersecurity Policy Framework (e.g. the Financial Sector Contingency Forum, Financial Sector Cyber Resilience Subcommittee, cybersecurity incident response teams, Cybersecurity Response Committee and National Consumer Commission).
• Drive, manage and administer the Operational Security Situational Awareness initiative involving collaboration with 50 central banks. Responsibilities include coordinating fortnightly virtual meetings and handling all administrative tasks, such as agenda preparation, minutes and managing presentations and discussions. Additionally, oversee the planning and coordination of an annual in-person conference, including logistical arrangements, agenda development, issuing invitations, managing guest speakers and coordinating presentations.
• Drive regional and international collaboration on cybersecurity and cyber resilience by leading and contributing to existing and new structures (e.g. the Cyber Working Group under the Committee of Central Bank Governors in the Southern African Development Community, BRICS Rapid Information Security Channel, International Monetary Fund Cyber Resilience Centre, and cyber working groups under the Bank for International Settlements).
• Coordinate and align cybersecurity-related initiatives across key areas within the South African Reserve Bank (SARB) – including the Prudential Authority, Financial Stability Department, Business Solutions and Technology Department and National Payment System Department – to ensure cohesive participation and support for sectoral, national, regional and international cybersecurity efforts.
• Position the SARB Group as a leader in financial sector collaboration and information-sharing to promote cyber resilience.
• Develop, maintain and update the SARB Group Cyber Resilience Framework in line with collaboration efforts.
• Develop, oversee the implementation of and ensure compliance with the SARB Group's Cybersecurity Responsible Disclosure Policy.
• Ensure the SARB Group drives and capacitates national and regional sector cybersecurity incident response teams and supports international response efforts.
• Ensure appropriate state agency (State Security Agency, South African Police Service and National Cybersecurity Hub) involvement when dealing with incidents as part of the National Incident Management Centre structure.

Job requirements

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

• at least an Honours degree (NQF 8) in Cybersecurity, Information Security, Information Technology or an equivalent qualification;
• advanced security certifications that are not product-, security area- or technology-specific (e.g. Certified Information Systems Security Professional, Certified Information Security Manager or Certified Ethical Hacker); and 
• at least eight to 10 years’ experience in cybersecurity management, preferably in the financial sector.

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

• Drive business analysis initiatives and projects of a low to high risk and multi-year nature, characterised by an elevated level of solution complexity.
• Lead the analysis/solution life cycle for initiatives, from initiation (problem identification), management of changing requirements to implementation.
• Assist business to develop comprehensive business cases (scope and feasibility) for proposed solutions to the identified business problems and needs. 
• Facilitate workshops independently and engage business owners and stakeholders to identify problems, define business requirements/needs, identify optimisation opportunities and develop and propose solutions.
• Lead and present engagements with business customers, taking responsibility for managing the relationship and interface with the customer, development/ technical team and other impacted stakeholders.
• Investigate problems and propose solutions by interacting with users, developers and other stakeholders.
• Review business processes and procedures, analyse business needs and associated data, define the associated requirements and identify and assesses possible solutions.
• Engage and influence stakeholders by negotiating timelines, deliverables and priorities. 
• Engage in multiple initiatives simultaneously and liaise with the relevant stakeholders on these initiatives. 
• Coordinate between GSMD stakeholders, technology teams and support teams, as required.
• Actively develop own expertise and support and encourage skills development. 
• Stay abreast of changes regarding trends and methodologies and apply these in the course of own work.

Qualifications

To be considered for this position, candidates must have:

• an Honours’ degree in Computer Science, Information Technology (IT) or an equivalent qualification (at NQF 8 level); 
• a relevant Business Analysis certificate;
• five to eight years’ business analysis experience; and
• sound knowledge of security incident management, vulnerability management and security detection and response.

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Detailed description

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

• Lead and manage the day-to-day support of SupTech systems, including regulatory reporting platforms, integrated risk data repositories, and analytics tools.
• Ensure high system availability, performance, and reliability in alignment with SLAs and operational targets.
• Oversee incident, problem, system user training and change management processes.
• Drive root cause analysis and permanent resolution of recurring technical and data issues.
• Supervise support for regulatory data submissions, validation processes, and data quality frameworks.
• Ensure integrity and consistency of supervisory data across systems such as data warehouses, semantic models, and analytics platforms.
• Collaborate with data governance teams to resolve data issues and enforce data standards
• Collaborate with multidisciplinary SupTech support team (e.g., system analysts, data engineers, BI specialists).
• Allocate resources effectively and ensure optimal workload distribution.
• Build technical capabilities in emerging areas such as AI/ML, data analytics, and Microsoft data platforms (e.g., Fabric, Azure).
• Foster a high-performance culture focused on service excellence and innovation.
• Serve as a key interface between ICT, supervisory divisions, and external stakeholders (e.g., regulated entities, vendors).
• Support supervisory teams in resolving system and data-related issues impacting regulatory reporting and risk analysis.
• Provide regular updates on system performance, incidents, and improvement initiatives.
• Identify opportunities to enhance SupTech systems, processes, and user experience.
• Drive automation of support processes, including monitoring, alerting, and data validation.
• Support the implementation of new SupTech solutions and enhancements (e.g., regulatory returns modernization).
• Contribute to the development of the SupTech operating model and technology roadmap.
• Ensure compliance with ICT governance frameworks, security standards, and regulatory requirements.
• Support audit processes and ensure proper documentation of controls and procedures.
• Monitor risks related to system availability, data quality, and information security.

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);
• the minimum of 5–8 years of experience in financial regulatory reporting and/or data management;
• the minimum of 5 years of experience in information system; and
• experience in supervision of a team.

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

• Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definition and identification of business requirements/needs. 
• Identify and register risks within the application and configure security settings according to the design specifications and align with established standards and baselines. 
• Provide subject matter expert input into the software functional testing plans for security systems, including unit integration, system and acceptance testing to ensure business and specification requirements are met and identify any vulnerabilities or gaps that need to be addressed. 
• Test all security systems prior to the production implementation to ensure proper functionality of the system. 
• Take responsibility for driving analysis initiatives from initiation to implementation on projects of low/medium risk, with a cycle of up to 18 months.
• Review business processes and procedures, analyse business needs and related data, evaluate potential solutions, and define the associated requirements.
• Elaborate the scope and feasibility of solutions and develop the supporting business case.
• Manage change requirements and supporting specifications, provide the functional specification and manage acceptance testing. 
• Investigate problems and propose solutions by interacting with users, developers and other stakeholders and ensure security functional software improvements and measures.
• Configure complex business processes and tasks, where appropriate, to improve operations and meet business requirements. 
• Integrate security testing and validation processes into the development cycle to identify and mitigate vulnerabilities. 
• Provide input into the development of system training manuals and training plans in support of new implementation.
• Define and implement plan of physical electronic security functional configurations for systems and applications (new and old). 

To be considered for this position, candidates must have:

• a Bachelors’ degree (NQF7) in Computer Science, Information Technology, Security Systems Management, Electronics Security Systems or an equivalent qualification;
• five to eight years’ experience within a physical electronic security systems analysis environment or application support with a strong focus on technical and functional security systems; and
• knowledge of business continuity and planning, release management, application design and development, information technology transformation and innovation as well as systems integration.

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

• Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definition and the identification of business requirements/needs. 
• Identify and record risks in the physical security infrastructure and configure security settings in line with  design specifications, standards and baselines. 
• Provide subject matter expertise for hardware functional test plans for security systems, including unit integration, system and acceptance testing, to ensure business and specification requirements are met and vulnerabilities or gaps are identified and addressed. 
• Test all security systems prior to the production implementation to ensure proper hardware functionality of the system.
• Maintain the physical security systems applications and infrastructure by applying corrective measures (e.g. patches, upgrades, bug fixes) to ensure optimal performance.
• Take responsibility for driving analysis initiatives from initiation to implementation on projects of low/medium risk with a cycle of up to 18 months.
• Review business processes and procedures, analyse business needs and related data, evaluate potential solutions, and define the associated requirements.
• Elaborate the scope and feasibility of solutions and develop the supporting business case.
• Manage change requirements and supporting specifications, provide the hardware specification and manage acceptance testing. 
• Investigate problems and propose solutions by interacting with users, developers and other stakeholders to ensure security functional hardware improvements and measures.
• Configure complex business processes and tasks within a system, where appropriate, to improve operations and meet business requirements. 
• Integrate security testing and validation processes into the development cycle to identify and mitigate vulnerabilities.
• Provide input into the development of system training manuals and training plans, in support of new implementation.
• Define and implement plan of physical electronic security hardware configurations for systems and applications (new and old).

Qualifications

To be considered for this position, candidates must have:

• A Bachelors’ degree (NQF7) in Computer Science, Information Technology, Security Systems Management, Electronics Security Systems or an equivalent;
• five to eight years’ experience within a physical electronic security system support environment, with at least two to three years’ experience on the Genetec system; and
• knowledge of business continuity and planning, release management, application design and development, information technology transformation and innovation as well as systems integration.

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

• Take responsibility for managing the performance and development of the team.
• Manage the Cash Centre in the absence of the Cash Centre Manager to ensure continuation in efficient cash operations.
• Manage the cash operations and ensure compliance with policies and procedures. 
• Manage the processes pertaining to cash transactions to ensure accuracy and completeness of information integrated with the National Cash Management System.
• Manage the physical processing and destruction of banknotes to ensure an acceptable quality of banknotes in circulation, in line with the minimum standards for recycling. 
• Establish and manage relationships with various stakeholders to ensure the availability of banknotes of an acceptable quality. 
• Collate and provide management information to the Cash Centre Manager for the purposes of decision-making.
• Enforce service level agreements with users of bulk cash transactions and communicate any changes to affected role players.
• Serve as the custodian of the business continuity plan in the absence of the Cash Centre Manager.

Qualifications

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

• at least a Bachelor’s degree (NQF level 7) in Commerce or Supply Chain Management, or an equivalent qualification; and
• at least 5–8 years’ experience in a cash environment, with at least 3 years in a team leader role.

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Detailed description

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

• Plan, allocate and manage work for the Operations Unit of the Pensions Administration Section.
• Supervise pension administrative processes within the Operations Unit thereby ensuring adherence to retirement fund legislation, regulations, rules and relevant policies.
• Engage at varying levels of seniority with relevant stakeholders/clients, within the SARB Retirement Fund and external parties.
• Ensure adherence to controls and perform work independently within established practices, processes, rules and regulations, in compliance with standards, policies and other guidelines.
• Supervise and review the calculations, input and data captured by the team ensuring accuracy, completeness and timeous delivery.
• Proactively broaden knowledge of pension administration, displaying willingness to make improvements in own work (including methods and practices).
• Compile relevant reports as per legislative and regulatory requirements as well as internal reports for the SARB Retirement Fund’s Board and its subcommittees, ensuring they are complete, submitted on time.
• Take responsibility for managing the performance and development of the team.

Job requirements

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

• a Bachelors degree (NQF 7) in Financial Management or an equivalent qualification in a related field; and 
• two to four years’ job-related experience in a financial services environment, specifically in pension administration of which one to two years should be in a supervisory position.

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Detailed description

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

• Supervisory oversight of designated financial conglomerates, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Assess and analyse the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks facing banks and the impact thereof on their risk profiles.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as and the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on banks’ risk profiles. 
• Identify and monitor emerging risks and the potential impact thereof on the banking sector and individual banks, in particular.
• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.
• Assess compliance with the Banks Act 94 of 1990 and the Regulations relating to Banks. 
• Prepare detailed quantitative and qualitative reports based on the outcome of analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Plan, arrange, prepare for, and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board sub-committees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of banks.
• Maintain permanent electronic records in respect of banks.
• Manage correspondence pertaining to banks.
• Undertake ad hoc projects as assigned by management.
• Perform duties as a relationship manager by, among other things, undertaking frequent, often high-level liaison with banks and other interest groups, such as the external auditors of banks.

Job requirements:

To be considered for this position, candidates must have:

• A postgraduate qualification (NQF 8) in Finance, Accounting, Banking, Economics, Risk Management or a relevant equivalent qualification; and 
• five to eight years’ relevant working experience in a regulatory environment or the financial sector.

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Detailed description

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

• Take responsibility for driving business analysis initiatives, from initiation to implementation, on projects of low/medium risk with a cycle of up to 12 months.
• Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definitions and the identification of business requirements/needs.
• Review business processes and procedures, analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
• Elaborate on the scope and feasibility of solutions and develop the supporting business case.
• Manage change requirements and supporting specifications.
• Investigate problems and propose solutions by interacting with users, developers and other stakeholders.
• Develop manuals and plans, and present training courses in support of implementation.
• Stay abreast of changes to analytical tools and methodologies, and identify opportunities to improve and standardise work processes, and apply these in the course of own work.

Job requirements

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

• an Honour’s degree in Information Technology (IT);
• a relevant Business Analysis certificate; and
• five to eight years’ experience within a business analysis environment. 

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Detailed description

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

• Prepare the monthly management financial statements, annual financial statements and the annual report of the SARB Retirement Fund.
• Present the SARB Retirement Fund’s monthly management financial statements, annual financial statements and the annual report to the Board of Trustees and its subcommittees.
• Review and perform first-level authorisation of reconciliations, payments, accounting transactions and data entries captured by the pension administrator, ensuring accuracy and completeness. 
• Communicate complex pension-related accounting matters clearly to ensure stakeholders understand fund processes and policies.
• Keep abreast with developments and changes to pension legislation, to ensure alignment of the reporting to the new legislative requirements.
• Enforce adherence to controls and processes ensuring that team tasks are completed within compliance standards.

Job requirements

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

• a Bachelors’ degree (NQF 7) in Accounting or an equivalent qualification; and 
• five to seven years’ job-related experience in a financial services environment, specifically in pension fund accounting.