Latest Jobs at South African Reserve Bank

Job Description

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

• Develop and implement operational plans for the division that align with the Financial Services Department (FSD) and the SARB, while also setting clear performance expectations for the team. 
• Oversee and manage the day-to-day operations of the division, including travel services, the procurement service desk, tactical buying as well as vendor and catalogue master data. 
• Enhance and maintain relationships with relevant internal and external stakeholders. 
• Analyse and integrate management information for reporting to top management and stakeholders. 
• Ensure the procurement of goods and services follows the Procurement Policy and relevant guidelines, maintaining good governance. 
• Continuously improve the delivery and functioning of the operations unit within the Procurement Division. 
• Manage all tactical buying and travel-related risks. 
• Analyse spending and demand to develop and implement tactical category strategies. 
• Collaborate with the Legal Services Department (LSD) for contract review and administration.
• Work with the strategic sourcing and governance units to optimise procurement and governance processes. 
• Manage staff performance and development in the division, providing technical coaching, guidance and motivation to achieve results. 

Qualifications

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

• at least an Honours degree (NQF 8) in Commerce or Supply Chain Management, or an equivalent qualification; 
• a minimum of eight to 10 years’ experience in a strategic sourcing environment, of which at least two to three years were in a management capacity; and
• a Chartered Accountant (SA) qualification, a Master of Business Administration (MBA); or a Chartered Institute of Purchasing and Supply (CIPS) certification will be an added advantage.

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Detailed description

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

• Process applications for approval, delivering work that meets the prescribed time and quality standards.
• Assist in the planning of inspections, conduct inspections and provide written reports on inspection findings for approval.
• Perform day-to-day administration, including data analysis and report writing, in support of operational efficiency within the division.
• Engage in short-term planning and prioritise and perform tasks against work plans as defined in conjunction with the team leader.
• Engage with relevant internal and external stakeholders, displaying an ability to convey and explain information fluently.
• Proactively broaden own knowledge of functional area and stay abreast of market-related and legislative developments.
• Diagnose problems and choose and/or modify routines to deal with them, displaying the ability to provide solutions to problems within a defined context.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.

Qualifications

Job requirements

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

• a Bachelor’s degree in Auditing, Compliance, Finance or Law, or an equivalent NQF 7 qualification; and 
• two to five years’ experience in exchange control, banking, anti-money laundering or another relevant regulatory environment.

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Detailed description

The successful candidate will be responsible for 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 the 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;
• a Secretarial Diploma or another relevant post-Matric qualification; and
• at least 6–8 years’ experience in a corporate personal assistant or equivalent environment, with experience in supporting executives.

The following would be an added advantage:

• a Bachelor’s degree (NQF 7).

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Detailed description

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

• Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) in line with international best practices.
• Stay abreast of international best practices and developments surrounding credit risk.
• Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
• Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
• Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
• Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
• Prepare detailed reports based on the outcome of the analysis performed.
• Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
• Provide specialist credit risk support.
• Contribute to risk-based meetings with regulated financial institutions and their auditors.
• Interact with external credit assessment institutions when necessary.
• Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
• Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

To be considered for this position, candidates must have:

• a relevant Postgraduate qualification (NQF 8) in Accounting, Financial Management, Risk Management or Banking); and
• two to five years’ relevant working experience in the financial/banking/regulatory sector or in risk management.

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

• Conduct economic research, publish a series of economic notes and research briefs, and present the findings, adhering to the department’s research process.
• Support research projects, general economic analyses and key departmental products.
• Engage with SARB stakeholders, including participating in both internal and external meetings.
• Contribute to the learning and development of junior specialists.
• Work both independently and within a team or project-based environment.
• Develop and deliver effective presentations on economic research topics to both technical and non-technical audiences, including senior executives of the SARB and the public, as required.

Qualifications

Job requirements

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

• a master’s degree in economics or an equivalent qualification;
• at least 8 to 12 years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics; and
• proficiency in data analysis. 

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

• Conduct economic research, publish a series of economic notes and research briefs, and present the findings, adhering to the department’s research process.
• Support research projects led by senior members of the department and contribute to general economic analyses and key departmental products as required.
• Work both independently and within a team or project-based environment.
• Develop and deliver effective presentations on economic research topics to both technical and non-technical audiences, including senior executives of the SARB and the public, as required.

Qualifications

Job requirements

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

• a master’s degree in economics or an equivalent qualification;
• five to eight years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics; and
• proficiency in programming. 

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Detailed description

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

• Actively contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing internal auditing in the SARB.
• Stay abreast of, and apply theoretical and applied developments in, the field of IT auditing, IT projects auditing and data analytics.
• Conduct audit assignments and participate in a team on more complex audit environments by conducting research and compiling thorough, concise and reliable research reports.
• Effectively communicate the status of internal IT audit assignments to both client management and internal audit management.
• Review the work of junior auditors and provide the necessary on-the-job coaching and training.
• Execute the audit programme through conducting adequacy assessments and audit tests.
• Evaluate the results of audit tests and ensure that the evidence is sufficient to support the results.
• Prepare audit recommendations, or parts thereof, and compile thorough, concise and reliable audit reports.
• Monitor departmental responses to audit recommendations and draft progress reports.
• Brief and make presentations to departments on their compliance as well as internal control processes and status.
• Define the scope and objectives of audit assignments and set up audit programmes to address objectives and to assist with managing projects or assignments to targeted milestones.

Job requirements

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

• a degree in Computer Science, Accounting or Internal Auditing, or an equivalent qualification;
• the Certified Information Systems Auditor (CISA) qualification;
• at least 5–8 years’ experience within an auditing environment, with a strong track record in auditing IT projects; and 
• at least 3 years’ experience in leading auditing assignments.

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

• Oversee the development and continual improvement of fit-for-purpose strategy execution products and services (framework, practices, methods, tools and templates) to ensure effective end-to-end strategy execution enablement.
• Integrate and coordinate the strategy execution functions throughout the strategy management process to support effective strategy execution in the SARB.
• Work with business in maturing strategy execution skills and resources across the strategy execution functions to help build sufficient capacity and capability to execute the SARB’s strategy.
• Provide integrated reporting on the SARB’s performance by connecting portfolio performance. 
• Identify and mitigate risks related to the strategy execution functions and ensure compliance with relevant governance frameworks as defined by the SARB.
• Take responsibility for the performance and overall development of staff within the function.
• Partner with key stakeholders across the SARB – such as the Business Solutions and Technology, Internal Audit, Financial Services, Risk Management and Compliance, and Human Resources departments as well as project management offices – to collaborate on strategy execution.
• Develop and manage relationships with key business stakeholders through the SMO business partnering model to enable effective strategy execution.
• Use advanced analytics to understand the relationships or cause and effect within the strategy, providing insight to business to constantly test and adapt the strategy.
• Maintain a network of other central bankers or stakeholders in similar industries in relation to leading strategy execution trends.

Job requirements

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

• a minimum of an Honours degree in Strategy Management or an equivalent qualification;
• at least eight to 10 years’ experience in a strategy management role, either in a corporate strategy office or consulting house; and
• three to five years’ experience in a financial services environment.