Latest Jobs at South African Reserve Bank

Brief description

The main purpose of this position is to ensure that the Risk Support Department (RSD) discharges its responsibilities arising from its mission insofar as asset and liability management (ALM) related risk management is concerned. This includes being part of a team of risk specialists in the RSD responsible for providing specialist knowledge, skills, and experience in ALM-related risk supervision and regulation, specifically relating to liquidity risk and interest-rate risk in banking and insurance companies.

Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Supervision

• Review and evaluate insurance firms’ ALM frameworks and reports and their ability to manage ALM-related risks.
• Provide expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Conduct on- and off-site reviews of ALM-related risks for the insurance sector. 
• Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions. 
• Provide specialist support with respect to ALM-related risks within the Prudential Authority (PA).
• Stay abreast of international best practices and developments surrounding ALM-related risks.
• Inform the PA regarding the aggregate behaviour of insurers regarding ALM-related risks.
• Ensure that the own risk and solvency assessment (ORSA) process adequately captures ALM-related risks.
• Assist with the development of internal policies and processes for supervising ALM-related risks.
• Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.

Regulation

• Assist with the development of internal policies and processes for supervising ALM-related risks

Training

• Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA

QUALIFICATIONS

To be considered for this position, candidates should have: 

• a Postgraduate qualification in Risk Management, Finance, Accounting or Auditing; and
• five to eight years’ applicable experience in the insurance or financial sector or within risk management. 

The following would be an added advantage 

• applicable ALM-risk management experience;
• conversant in the Basel frameworks – related to liquidity risk – at both a theoretical and practical level; and be abreast of best practices in ALM risk management;
• familiar with the liquidity risk papers published by the International Association of Insurance Supervisors;
• knowledge of the Insurance Act;
• Financial Risk Manager (FRM) or a Professional Risk Manager (PRMIA) qualification; and 
• excellent risk and control knowledge. 

Additional requirements include  

• knowledge of the risks insurance companies face;
• ability to travel, some on-site reviews and assessments will require the candidate to travel locally;
• effective time management skills;
• innovative analytical/problem-solving skills; 
• good verbal and written communication skills;
• good interpersonal skills;
• ability to work in a team and contribute to team success (hybrid and face-to-face); and
• good working knowledge of Microsoft Office 365 software packages (e.g. Word, Excel and Teams) and other related software packages.

go to method of application »

Brief description

The main purpose of this position is to advise, guide, monitor and report on the implementation of health and safety management systems and the compliance thereof within the SARB’s build environment in line with Occupational Health and Safety (OHS) Act 85 of 1993, associated legislations and regulations including National Key Point requirements.

Detailed description

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

• Develop and implement the OHS management system in line with ISO 45001 requirements, procedures, and standards with regards to build environment and structure initiatives across the Bank and ensure that such is communicated and understood by all stakeholders. 
• Create OHS awareness with regards to build environment and structure initiatives across the Bank, administrative and embed the culture of safety in the business and its operations through relevant training and education. 
• Implement the OHS Contractor management framework and ensure that all critical projects have clear controls through detailed Safety, Health and Environmental (SHE) plans, and registered in keeping with acceptable/ industry standards or adopted framework.
• Actively keep abreast of and identify developments in the applicable legislations and create awareness thereof by relevant stakeholders to ensure increased levels of understanding, awareness, and application of SHE standards in the Bank.
• Advise and guide the business in the implementation of the OHS systems (policies, procedures, standards etc) and the prioritisation of OHS activities.
• Conduct audits, inspections, risk assessments in line with Hazards Identification and Risk Assessment policies and procedures.
• Engage with internal stakeholders and technical teams to inculcate the safety culture, encourage high performance, and ensure the prioritisation of OHS issues within the SARB.
• Ensure that all legal appointments and agreements with service providers occur as stipulated within the OHS Act and manage OHS compliance of all service providers (in the built projects and other high risk activities) as per section 37 of the OHS Act, Construction Regulations, and other applicable legal prescripts.
• Gather data and compile OHS reports to inform decision making at an organisational level.
• Safeguard prudent document and records management in keeping with the requirements of the Bank’s records management principles, and the General Administrative and related Regulations the OHS Act. 
• Develop processes and procedures necessary for the statutory compliance of all facilities and projects in the Bank to comply with the contractual requirements as per relevant elements of the OSH Act, especially the Construction Regulations. 

QUALIFICATIONS

Job Requirements

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

• a bachelor’s degree (NQF 7) in Safety Management and/or Environmental Health qualification or equivalent.
• exposure in highly technical, projects and complex operational environment; and
• a minimum of five to seven years’ experience in a Health and Safety environment.

The following will be an added advantage.

• Registration as a Construction Health and Safety Manager with The South African Council for Project and Construction Management Professions (SACPCMP) (added advantage); and
• Extensive knowledge of Occupational Health & Safety Act 85 of 1993 and associated regulations.
• Extensive Knowledge of ISO 45001 Occupational health and safety management systems

Additional requirements are as follows.

• effective communication.
• drive for results.
• analysis and problem solving.
• service and stakeholder focus.

go to method of application »

Brief description

The main purpose of this position is to plan and supervise the day-to-day security operations of the operational security personnel at the Cape Town Cash Centre facility of the South African Reserve Bank (SARB).

Detailed description

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

• Manage the facilities protection function at the Cape Town Cash Centre.
• Conduct thorough inspection rounds and other security measures to ensure compliance with all relevant legislation.
• Monitor the implementation of, and compliance with, applicable policies and procedures.
• Conduct workplace assessments.
• Manage the assignment of firearms for the shift.
• Ensure that operational security staff members comply with and are fit for deployment.
• Manage the performance and development of team members.
• Provide administrative support to the management structure of the Security Operations Division at Cape Town Cash Centre.
• Provide management information for the purposes of decision-making.
• Proactively broaden knowledge of own functional area, displaying a willingness to make improvements in the unit (including methods and practices).

QUALIFICATIONS

Job requirements

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

• a Diploma in Security Management or an equivalent NQF6 qualification;
• five years’ experience in a national key point facility protection environment;
• two years’ experience in facility operational security supervision, including security systems, procedures and personnel;
• sound knowledge and understanding of a national key point security environment, emergency and incident management, control room operations and key control as well as relevant legislation;
• a level of medical, physical and psychological fitness that is commensurate with the inherent requirements of the position; and
• a Private Security Industry Regulatory Authority (PSIRA) Grade B certificate.

Additional requirements include:

• ability to manage a work team on a sound business and security footing, and lead and direct a work team in carrying out prescribed duties;
• ability to use initiative and function effectively and calmly in an emergency situation;
• proficiency in English;
• computer literacy and conversant in the Microsoft Office suite of applications, including the electronic mail (Outlook) system;
• ability to be constantly vigilant, alert and resourceful; 
• ability to work shifts;
• security management training and experience;
• national key point training;
• competence in handling firearms (9 mm pistol, semi-automatic rifle and shotgun);
• a favourable security clearance; and
• a valid Code 8 driver’s licence.

go to method of application »

Brief description

The main purpose of this position is to provide technical leadership and guidance in the application and integration security function, in support of secure business applications development, implementation and maintenance, for the South African Reserve Bank (SARB).

Detailed description

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

• Contribute to the compilation of divisional operational plans and take responsibility for the implementation as well as the monitoring thereof. 
• Manage and direct the development and maintenance of the secure software development life cycle (SDLC) procedures and standards based on the SARB environment and manage the implementation thereof, ensuring that the solutions are free from cybersecurity vulnerabilities. 
• Lead and manage the vulnerabilities threat process in support of building an advanced security posture for the SARB.
• Address the application and integration security audit findings to reduce the SARB’s threat landscape and improve its application security posture. 
• Lead and guide the security component of the information technology (IT) projects, upholding code reviews and ensuring compliance with security standards during each stage of the project development life cycle. 
• Contribute to the development of the Security Major Incident Response Procedures and manage the implementation thereof during a security breach. 
• Drive the application and integration security awareness campaigns and oversee training to all key stakeholders (including developers, testers and business analysts) on secure development. 
• Provide consolidated and integrated reports and analytics for various forums pertaining to the application and integration security landscape for the SARB. 
• Identify and mitigate risks related to the application and integration security environment and ensure compliance with relevant governance frameworks. 
• Keep abreast of best practices and development in the field of application and integration security and ensure continuous improvement while ensuring the optimal use of security best practice with the development of new solutions.  
• Lead stakeholder engagements (internal and external) in support of the sound security posture in the SARB.  
• Fulfil the line management function pertaining to development and performance of the team. 

QUALIFICATIONS

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

• a Bachelor’s degree (NQF 7) in Information Systems and Management or an equivalent qualification;
• certification in Application Security Engineer (SACE);
• certified Ethical Hacker (CEH); and
• eight to 10 years’ experience in secure SDLC frameworks and solutions, of which at least five years must be in exposure to overall security governance best practices frameworks and design, penetration testing, integration and applications’ code reviews.   

Additional requirements include:

• industry, organisational and business awareness;
• secure SDLC design, testing and development skill;
• knowledge and skill in:
• cybersecurity governance;
• penetration testing methodology and standards;
• IT enablement reporting;
• continued learning and/or professional development;
• quality assurance; 
• continuous improvement; 
• legislation, governance, risk and compliance;
• risk and compliance monitoring and reporting; and collaboration.

go to method of application »

Brief description

The main purpose of this position is to provide cost and recovery management and job co-ordination activities for the print production environment throughout the print production cycle.

Detailed description

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

• Perform cost estimations and issue quotes and job cards for all printing job requests.
• Manage printing stock requirements and availability based on planned and ad hoc job estimations.
• Co-ordinate with the Graphic Design Team regarding print requests.
• Issue and control stock to print operators.
• Prepare and process invoices for approval by the team leader ensuring all invoices are settled and print costs are recovered. 
• Generate the reports required from the cost estimation system.
• Act as champion and superuser for the print and cost estimation system.
• Display service orientation in dealing with clients and engage positively with colleagues one-on-one or in meetings. 
• Recommend changes or improvements to methods and practices in print production workflow and coordination. 
• Comply with health and safety standards, and workplace legislation for the safe and effective completion of print jobs.

QUALIFICATIONS

Job requirements 

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

• a minimum of Printing Trade plus Qualification in Cost Estimation (NQF6) or National Diploma; preferably cost management and cost modelling specific qualifications
• Degree in Management Accounting or Bcom (added advantage NQF7); and
• At least five years’ experience in budgeting, costing and revenue management as well as supply chain in a print operations or similar environment.

Additional requirements include:

• Tools/equipment usage knowledge and skill 
• Material replication/printing knowledge and skill
• Service delivery knowledge and skill           
• Administration knowledge and skill
• Information management knowledge and skill
• Cost and Estimation knowledge and skill; and
• Supply chain management knowledge and skill.