Latest Job Roles at South African Reserve Bank

Brief description

The main purpose of this position is to manage and coordinate resources in support of current operations and the delivery of new information technology (IT) solutions for the business intelligence and analytics area within the Business Solutions and Technology Department (BSTD).

Detailed description

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

• Manage operational planning by developing short-term work plans in line with the BSTD strategy and business plans and communicate section activities.
• Manage and improve workflow and the application of processes, procedures and systems.
• Make suggestions for refining policies, processes and systems, and improve alignment with related divisional processes and systems.
• Manage and facilitate the delivery of section-specific outputs, including the timely delivery of projects and readiness of solutions to transition into operations.
• Optimise section resource use, allocate work and manage the accountability of resources, and provide input into cost management.
• Manage stakeholder relationships to ensure the timely delivery of quality IT solutions in accordance with business requirement specifications.
• Identify gaps and inefficiencies (including governance, management of risks and audit findings) in the work of the section and take specific actions for the implementation of improvements.
• Manage, monitor, evaluate and report on the quality, turnaround and impact of section deliverables.
• Encourage a performance culture in the section, define performance expectations and conduct effective performance management of direct reports.
• Drive priority development of employees by promoting and supporting the career management and development of direct reports.
• Drive innovation and bring on necessary changes to improve application processes and systems to align with global best practices.
• Execute the IT strategy within the section.
• Drive and grow the business intelligence and analytics capability in the South African Reserve Bank (SARB).

Job requirements

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

• an Honour’s degree (NQF 8) in Computer Science or an equivalent qualification;
• 8 to10 years’ experience in an IT environment, with five years’ experience in management; and
• three years’ experience in managing business intelligence and analytics platforms.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• IT enablement reporting;
• continuous learning and/or professional development;
• quality assurance; 
• continuous improvement; 
• business continuity planning;
• IT enablement strategy;
• IT enablement legislation, governance, risk and compliance;
• IT transformation and innovation;
• IT enablement project management;
• application design, development, maintenance and support;
• infrastructure design and development;
• systems integration;
• database management;
• asset and inventory management;
• business intelligence; and
• capacity and performance management.

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Brief description

The main purpose of this position is to manage audit activities in order to provide consulting services as well as independent and objective assurance regarding the adequacy and effectiveness of the governance, risk management and control processes of the South African Reserve Bank (SARB).

Detailed description

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

• Participate in the strategic processes of the department. 
• Contribute strategically to the development of the department’s annual audit plan by identifying and elaborating on priority risks affecting departments and the SARB.
• Prepare case studies and conduct training sessions within the department, mentor other auditors as well as provide training to managers in areas of governance, risk management and control relevant to the SARB. 
• Lead a team of auditors on audit assignments of varying complexity, plan the audits, allocate and provide quality assurance work, project manage the delivery to set milestones, and manage the relationships with the internal clients. 
• Integrate the research of different auditors and the findings from audit tests to scope and set the objectives of the audits and prepare audit recommendations. 
• Compile and review thorough, concise and reliable audit reports, quality assuring and integrating the inputs of other auditors into the final report. 
• Present audit results to the SARB’s heads of department and, where necessary, the executive management of the SARB and the SARB’s Audit Committee. 
• Take responsibility for the performance and development of the team.
• Stay abreast of and actively contribute to the development of new internal audit approaches and best practices (methods, analytical techniques, new models, procedures) in the SARB. 
• Lead briefings and presentations with departments and engage senior managers and other technical auditors in the SARB. 

QUALIFICATIONS

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

• a minimum of an Honours degree (NQF 8) in Internal Auditing, Accounting, Risk Management or Information Systems;
• a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) or CA(SA) qualification; and
• a minimum of 8 to 10 years’ experience within an auditing environment.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continuous learning/professional development knowledge and skill;
• risk management principles, tools, methodologies, frameworks, policies and processes knowledge and skill;
• internal audit principles, tools, methodologies, frameworks, policies and processes knowledge and skill;
• risk assessment and control design knowledge and skill;
• an understanding of information technology systems and system controls; 
• knowledge of indicators to identify possible fraud; and
• knowledge of technology-based audit techniques, including data analytics

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Brief description

The main purpose of this position is to clean designated facility areas as well as to ensure a hygienic environment for employees and visitors of the Johannesburg Cash Centre of the South African Reserve Bank (SARB). 

Detailed description

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

• Plan and perform tasks against work plans as defined by the team leader.
• Clean offices, boardrooms, the dining area, the plant room, ablution facilities and parking areas.
• Load and offload consignments.

QUALIFICATIONS

To be considered for this position, candidates must have: 

• a minimum of a Grade 12 or an equivalent qualification. 

The following would be an added advantage: 

• some experience in a service-related environment. 

Additional requirements include:

• quality assurance;
• team work; and
• flexibility.

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Brief description

The main purpose of this position is to render technical secretariat services to the South African Reserve Bank (SARB) Board of Directors (Board) committees, subcommittees of the Governors’ Executive Committee (GEC), other internal subject-specific committees and subsidiaries of the SARB.

Detailed description

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

• Provide technical secretariat support services to allocated SARB Board, GEC and other internal committees and subsidiaries registered in terms of the Companies Act 71 of 2008 (Companies Act) and other relevant Acts.
• Prepare notices, agendas, meeting packs and minutes within prescribed timelines and ensure the timely distribution of meeting documentation and the communication of resolutions to stakeholders.
• Liaise with the chairpersons of the committees to facilitate consensus prior to the tabling of the items for a Board or committee meeting by identifying priorities, issues, concerns and strategic challenges.
• Guide, advise and ensure the effective functioning of the Board committees and less complex governance aspects on the application of the Board Charter and the committees’ Terms of Reference (ToR), and advise on the administrative matters for the meetings (i.e. quorum, scheduling the presenters and ensuring that the attendance register is signed).
• Extract matters arising from the minutes and follow up on actioning the matters.
• Make arrangements for the SARB shareholders’ annual Ordinary General Meeting (AGM) and subsidiaries’ AGM.
• Monitor to ensure that the document filing system is maintained, including documents for filing, archiving, retrieval, access or unpublishing meetings, as required.
• Contribute inputs to the review and development of the governance framework, ToR, workplans and annual calendar.
• Contribute inputs to the development and production of the SARB’s Annual Report and documents publishing and submission processes, and provide support to the SARB Group Secretariat’s projects/initiatives when required.
• Apply the provisions of the SARB Act 90 of 1989, as amended (SARB Act), in all due processes to ensure compliance with legislation, regulations, governance practices, ToR, policies and delegations of authority.

QUALIFICATIONS

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

• a minimum of a National Diploma (NQF 6) in Law, Commerce, Business Management, Accounting or Finance (a Bachelor’s degree would be an advantage); and
• a minimum of three to five years’ work experience performing relevant duties within a company secretariat or similar function.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill; 
• quality assurance knowledge and skill; 
• continuous improvement knowledge and skill; 
• company secretariat knowledge and skill;
• knowledge of the SARB Act and regulations, policies and procedures framed in terms of the SARB Act;
• knowledge of the Constitution Act 108 of 1996;
• knowledge of the Companies; 
• computer literacy skills; 
• knowledge of financial matters; and  
• managerial competencies. 

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Brief description

The main purpose of this position is to provide administrative support and assistance to the offices of the Chief of Staff and the Adviser to the Governors within the South African Reserve Bank (SARB).

Detailed description

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

•  Manage and maintain the managers’ diaries, including making logistical arrangements for appointments and travelling commitments in liaison with relevant personnel.
•  Receive, screen and respond to incoming telephone calls using own initiative and, where applicable, deal with queries and/or route calls to appropriate people.
•  Prepare and edit correspondence, communication, presentations and other documents, and conduct basic research and analysis for this purpose, where necessary.
•  Ensure that all incoming and outgoing correspondence (electronic mail or otherwise) is registered and filed in accordance with the File Plan of the SARB.
•  Keep track of documents, maintain a registry and compile weekly reports for follow-ups.
•  Collate and coordinate project-based and other information.
•  Review operating practices in own area and implement improvements, where necessary.
•  Maintain positive internal and external relationships on behalf of the managers, engaging with members of staff and other stakeholders at all levels of seniority.
•  Create and maintain a contact database for the managers’ offices as well as a filing system in accordance with the SARB’s File Plan.
•  Perform the day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the managers’ offices.
•  Serve on relevant divisional, departmental and/or SARB-wide project teams based on experience, skill and ability.
•  Execute any other tasks as instructed by the managers, as and when required.

QUALIFICATIONS

Job requirements

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

• a Matric certificate and a Secretarial Diploma or relevant post-Matric qualification (a Bachelor’s degree would be an added advantage); and
• at least six to eight years’ experience in a corporate personal assistant or equivalent environment, with experience in supporting executives.

The following job-related knowledge is required:

• proficiency in the Microsoft OfficeSuite (MS Word, Power Point and Excel) and Outlook;
• knowledge of administrative and clericalprocedures;
• proficiency in English (bothverbal and writtenskills);
• secretarial expertise; and
• excellent typing skills.

Additional requirements include:

• the ability to work independently and outside normalworking hours, when required;
• time management and quality assurance skills;
• analytical and problem-solving skills;
• planning and organising skills;
• the ability to work under pressure;
• organisational awareness;
• interpersonal skills;
• adaptability; and
• attention to detail.

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JOB DESCRIPTION

The purpose of this position is to perform prudential oversight of designated registered banking entities that form part of a large banking group through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the financial soundness and sound governance of such banking entities, and ultimately the safety and soundness of the financial sector.

Detailed description

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

• Conduct supervisory oversight of designated banks, banking groups, banking subsidiaries and branches of designated banks (collectively referred to as ‘banks’).
• Analyse and assess the strategies and business models of banks.
• Analyse and assess the business portfolios of banks.
• Analyse and form a supervisory view of the risks banks are facing 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 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 (Banks Act), the Regulations relating to Banks (Regulations) and the Financial Sector Regulation Act 9 of 2017 (FSR Act). 
• Prepare detailed reports based on the outcome of the 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 subcommittees.
• 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.

QUALIFICATIONS

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

• a postgraduate qualification in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; and 
• two years’ relevant working experience in a regulatory environment or financial sector.

Additional requirements include:

• being innovative and accountable;
• problem-solving and analytical skills;
• financial and business acumen;
• attention to detail;
• excellent verbal and written communication skills; 
• ability to manage time effectively and efficiently; 
• proven ability to influence, build and maintain relationships;  
• good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;
• conversant with the Banks Act, FSR Act and related standards and regulations;
• knowledge and understanding of the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• knowledge and understanding of the BCBS’s supervisory framework; 
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of basic risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks banks and banking groups are facing;
• an in-depth knowledge of the business of banks;
• an understanding of the business models applied by, and the financial and operating environment of banks; and
• knowledge and understanding of corporate governance and risk management best practices and standards.

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Brief description

The main purpose of this position is to serve as the Company Secretary of the subsidiaries of the South African Reserve Bank (SARB) and to assist the Secretary of the Bank in respect of all statutory administration as per the Companies Act 71 of 2008 (Companies Act) and related secretariat services.

Detailed description

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

• Contribute to the development of the SARB Group Secretariat’s (SGS) strategy and develop functional plans aligned with the SGS’s objectives.
• Oversee day-to-day operations and clarify performance expectations within own area of work and manage the performance and development of team members. 
• Manage the orientation of new members of the Board of Directors (Board) and provide both administrative and logistical support to the directors of the subsidiary boards, providing them with guidance as to their duties, responsibilities and powers, and making them aware of any laws relevant to or affecting them. 
• Ensure compliance with the Companies Act, the memorandums of articles, company rules ( where applicable), terms of reference, policies and delegations of authority.
• Report to the Board any failure on the part of the subsidiaries or a director to comply with the memorandum of incorporation, rules of the subsidiaries or the Companies Act.
• Provide secretariat services for relevant Board and executive committees and ensure that the minutes of all shareholder and Board meetings as well as the meetings of any committees of the directors are properly recorded in accordance with the Companies Act, and that all shareholder matters are in order.
• Certify in the subsidiaries’ annual financial statements whether the company has filed the required returns and notices in terms of the Companies Act, and whether all such returns and notices appear to be true, correct and up to date, and ensure that a copy of the subsidiaries’ annual financial statements is sent, in accordance with the Companies Act, to any person who is entitled to it.
• Facilitate consensus building from a strategic perspective before the items are tabled before the Board by identifying priorities, issues, concerns and strategic challenges (red line and outliers), preparing for discussion by aligning with management, and resolving such issues before the meeting or be prepared to propose changes at the meeting.
• Ensure that the SARB Group subsidiaries are provided with secretariat services and that full compliance with the Companies Act, memorandums of articles, terms of reference, policies and delegations of authority is implemented, and ensure that the minutes of all shareholder and Board meetings as well as the meetings of any committees of the directors are properly recorded and all shareholder matters are in order.
• Assist with processes relating to the appointment, onboarding, training and development, remuneration/fee payments, share transfer system, register and transfer forms, evaluation of the effectiveness of the Board, editing and publication of the SARB’s Annual Report and all relevant returns/submissions, all the meeting logistics and ensure that filing, updating, retrieval and access of documents is managed in line with the required legislation or governance processes.
• Apply the provisions of the SARB Act and its regulations in all due processes.

QUALIFICATIONS

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

• a Bachelor’s degree (NQF 7) in Law, Economics, Commerce, Accounting or Finance;
• a minimum of five to seven years’ experience in an assistant company secretariat, corporate governance or similar role; and 
• a Charted Governance Institute of South Africa qualification (for Chartered Secretaries) or relevant equivalent qualification (would be an added advantage).

Additional requirements include:

• industry, organisational and business awareness knowledge and skill; 
• quality assurance knowledge and skill; 
• continuous learning and/or professional development knowledge and skill; 
• company secretariat knowledge and skill;
• knowledge of the SARB Act and regulations, policies and procedures framed in terms of the SARB Act;
• knowledge of the Constitution Act 108 of 1996;
• knowledge of the Companies Act;
• computer literacy skills;
• knowledge of financial matters; and
• managerial competencies.