Latest Openings at South African Reserve Bank

Brief description

The main purpose of this position is to conduct climate-related analyses and to support the South African Reserve Bank’s (SARB) involvement in the climate-related work of the Group of Twenty (G20) and the Network for Greening the Financial System (NGFS). The position is ideal for an experienced economist with knowledge of central banking and a keen interest in understanding the implications of rising climate-related risks on the SARB’s price and financial stability mandates. Successful candidates will work closely with senior bank managers in developing South Africa’s G20 programme for 2025 and/or support South Africa’s participation in the NGFS.

Detailed description

The successfulcandidate will be responsible for the following key performance areas:

• Provide reliable economicand financial analyses on climate-related risks and policy changes that hold implications for the SARB.
• Support the execution of the SARB’s climate change programme.
• Develop policy recommendations and assist with policy implementation.
• Supportsenior staff members intheir local and international engagements such as at the G20 and NGFS, 
• Assist and provide input related to the project-based performance assessment of team members.
• Communicate with, and make presentations to, various internal andexternal stakeholders, as requested.
• Participate actively in knowledge-sharing sessions and mentor junior economists.

QUALIFICATIONS

To be considered for this position, candidates must:

• be in possession of a Master’s degree in Economics or in a related field; and 
• have a minimum number of years’ work experience in an economic policy or a financial institution as follows: Economist ‒ five years; Senior Economist – eight years.   

Additional requirements include:

• excellent interpersonal and communication skills in both verbal and written English;
• work independently as well as within a team/project environment;
• original thinker with strong initiative and drive;
• ability to pay attentionto detail;
• ability to network and engage professionally with stakeholders;
• task-oriented with time-management skills to operate in a deadline-driven environment;
• knowledge of central banking;
• analytical skills;
• presentation skills; 
• innovative problem-solving skills; and
• ability to operate with the highest level of ethics and integrity.

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Brief description

The purpose of this position is to develop and refine supervisory frameworks through the scanning of the regulatory and supervisory framework environment against domestic policy and international best practices and standards to ensure the effective and consistent supervision of the Prudential Authority (PA)-regulated financial institutions.

Detailed description

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

• Conduct research relating to the latest changes in the regulatory frameworks within the PA-regulated financial sectors and conduct in-depth assessments on whether these frameworks are applicable to the PA supervisory framework.
• Develop new and refine existing PA supervisory guidelines in line with the PA regulatory framework and international supervisory best practices.
• Apply analytical tools for assessing the consistency and efficiency of the PA’s supervisory practices.
• Assist in planning, defining the scope and objectives of the quality assurance reviews and setting up of the quality assurance programme to address objectives.
• Execute the quality assurance programmes, including evaluating the results of quality assurance reviews and preparing recommendations.
• Assist with planning the annual environmental scanning/benchmarking projects for the team based on the changes to the local and international regulatory and supervisory frameworks and best practices.
• Engage with and present to PA stakeholders on the draft supervisory frameworks and guidelines, quality assurance reviews and other related documents. 
• Contribute towards the continuous improvement process within the PA supervisory framework team.
• Provide input into the development and implementation of the PA regulatory framework.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives. 

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor’s degree in the fields of Commerce, Compliance, Law or an equivalent qualification; and
• a minimum of five years’ experience in internal auditing, compliance, regulation, supervision, risk management or quality assurance.

Additional requirements include:

• regulatory and supervisory awareness;
• quality assurance;      
• continuous improvement;          
• data analysis and management information reporting;
• coaching skills;
• presentation and interpersonal skills;
• conceptual thinking;
• planning and organising skills;
• effective communication skills;
• developing and maintaining relationships;
• analytical and problem-solving skills;
• resilience;
• service and stakeholder focus;
• teamwork; and
• judgement and decision-making skills.

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Brief description

The main purpose of this position is to coordinate continuous improvement and lean operational initiatives across the Currency Management Department (CMD) and to support CMD’s journey in driving continuous improvement and delivering on lean strategies.

Detailed description

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

• Support the Lean Specialist and Manager: Cash Supply Chain Solutions in the implementation of lean projects to achieve CMD’s strategic goals.
• Plan for the delivery of the lean initiatives to ensure effective implementation. 
• Coordinate the lean improvement initiatives, ensuring implementation within agreed timelines. 
• Analyse and interpret data, and provide progress reports on continuous improvement initiatives to the Lean Specialist and Manager: Cash Supply Chain Solutions.
• Update production key performance indicators (KPIs) to ensure targets are met and provide concise and accurate information for management reports.
• Track the implementation and improvement progress of lean initiatives (e.g. time and motion studies) across CMD’s divisions using relevant data and applicable software (i.e. MS Excel, Minitab, Ms Visio).
• Work closely with all relevant CMD divisions and maintain implementation plans for the CMD lean strategy.
• Provide technical input into operational teams in the application of continuous improvement and lean principles (i.e. DMAIC, Kaizen, 5s principles, 5 Whys, Cause and Effect, and Fishbone).
• Coordinate and deliver training in respect of lean processes.

QUALIFICATIONS

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

• a minimum of a Bachelor’s degree (NQF 7) in Industrial Engineering, Logistics, Lean Supply Chain Management (SCM), Operations Management or an equivalent qualification;
• a Lean Green Belt Certification; and
• three to five years’ experience in innovating supply chain operations within a fast-moving consumer goods (FMCG) environment.

Additional requirements include:

• managing complexity and ambiguity; 
• effective communication skills (verbal and written);
• planning and organising;
• systems thinking;
• analysing and synthesising;
• problem solving;
• a drive for results;
• service and stakeholder focus;
• attention to detail;
• MS Office skills;
• data visualisation; and
• knowledge of Minitab Six Sigma software.

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Brief description

The main purpose of this position is to manage the Business Solutions Support and Supply Chain functions within the Supply Chain Management Division to ensure the completion and settlement of daily financial transactions in the national cash management industry and contribute to efficiencies within the supply chain operational environment.  

Detailed description

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

• Develop frameworks, guidelines and processes for the Business Solutions support and supply chain functions within CMD. 
• Manage and lead the Business Solutions Support and Supply Chain Coordination functions by setting clear and achievable objectives and targets, prioritising work, managing resource utilisation and costs.
• Plan and manage the quality of the deliverables and workflows within the Supply Chain Management and Business Systems functions.
• Drive the strategic review of critical business systems within the Cash Management Department (CMD), including research, benchmarking, validation and the prioritisation of business cases in support of the effective execution of the CMD strategy.
• Drive and manage the implementation of systems changes and upgrades that support the overall information technology (IT) strategy of CMD. 
• Represent CMD as a senior team member at internal and external forums and committees.
• Manage the refining of policies, processes and systems and improve alignment with related divisional processes and systems.
• Develop and manage stakeholder relationships in support of the effective delivery of divisional outputs.
• Identify and mitigate risks related to the division’s functions, address audit findings and ensure compliance with the relevant governance frameworks as well as contribute to CMD’s business continuity processes.
• Provide input into the development of third-party legal agreements and contracts in conjunction with the Legal Services Department.
• Manage relationships and the performance of strategic suppliers in line with the legal agreements and contracts to ensure the timely provision of goods and services.
• Manage and encourage a performance culture and support the career development and succession planning within the division. 

QUALIFICATIONS

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

• a minimum of an Honours degree in Computer Science or an equivalent NQF-8 qualification;
• a minimum of 8 to 10 years’ experience in an IT environment, of which 3 years in a management role; and
• three years’ experience in managing supply chain or national cash management platforms.

Additional requirements include:

• cultivating self-awareness and mastery;
• developing inter-personal effectiveness;
• building and maintaining trust;
• acting with empathy and compassion;
• developing and empowering teams;
• fostering diversity and inclusion;
• creating and driving purpose;
• leading cohesive teams through effective communication;
• fostering collaboration;
• leading change;
• managing complexity and ambiguity; and
• driving digital dexterity/fluency.

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Brief description

The main purpose of this position is to research, plan, architect, design and deploy infrastructure cloud solutions within the South African Reserve Bank Group (SARB Group).

Detailed description

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

• Research and recommend emerging and fit-for-purpose infrastructure (servers, mainframe, storage, etc.) solutions and participate in the procurement of such solutions aligned to the business strategy.
• Define and evolve the SARB Group's cloud architecture in alignment with the to-be architecture.
• Plan and develop cloud architecture blueprints and roadmaps for cloud solutions in alignment with industry best practices and standards.
• Oversee the implementation of cloud infrastructure designs and ensure alignment with industry best practices and standards.
• Provide expert guidance on cloud adoption and cloud cost management strategies.
• Oversee the management of the cloud technology life cycle.
• Lead the design of cloud native solutions.
• Implement and maintain the governance and security model for the cloud as developed by the Cyber and Information Security Unit.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures (SOPs), instructional documents and so forth relating to the cloud infrastructure solutions.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed cloud infrastructure solutions and technologies.
• Identify, address and remediate risks in the cloud environment as identified by auditors and governance-related assessments.
• Stay abreast of new developments in cloud architectures and technologies.
• Provide cloud architectural expertise as part of information and communications technology (ICT) infrastructure projects and participate in other SARB Group projects to contribute towards business objectives.
• Take responsibility for infrastructure capacity planning, disaster recovery and resource allocation to ensure optimal performance, continuity and scalability.

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor’s degree (NQF 7) in IT, computer science or an equivalent qualification;
• TOGAF certification;
• ITIL v3/4 and COBIT 2019 will be an added advantage;
• AWS Certified Solutions Architect;
• Microsoft Certified: Azure Solutions Architect;
• VMware Certified Professional (VCP) will be an added advantage;
• Certified Cloud Security Professional (CCSP) will be an added advantage; and 
• a minimum of 8–10 years’ experience in cloud infrastructure architecture with a strong track record of designing and implementing cloud infrastructure solutions in enterprise organisations.

Additional requirements include:

• knowledge and skill in:
• industry, organisational and business awareness;
• quality assurance; and
• continued learning and/or professional development;
• excellent technical knowledge of cloud services;
• continuous improvement of cloud services;
• comprehensive hands-on cloud services troubleshooting experience;
• ability to read and understand technical manuals, procedural documentation and original equipment manufacturer (OEM) guides;
• liaising with external services providers for purposes of product and technology review and coordinating vendor presentations where relevant; and
• understanding of critical IT processes (incident, configuration and change management) and other technical procedures.