Latest Openings at South African Reserve Bank

Brief description

The main purpose of this position is to provide end-to-end business analysis services to the various departments in the South African Reserve Bank (SARB) by identifying business problems and needs, determining solutions and enabling improvement in organisational processes.

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 to medium risk with a cycle of up to 12 months.
• Facilitate workshops independently and consult with business owners and stakeholders with regard to problem definitions and the identification of business requirements and 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, identify opportunities to improve and standardise work processes and apply these in the course of own work. 
• QUALIFICATIONS
• Job requirements

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

• an Honours degree in Information Technology (IT) or an equivalent qualification;
• a relevant Business Analysis certification; and
• five to eight years’ experience within a business analysis environment. 

Additional requirements include:

• knowledge and skill in:
• industry, business and organisational awareness;
• continued learning and/or professional development;
• quality assurance; 
• continuous improvement;
• business transformation and optimisation;
• elicitation techniques;
• business analysis practices, methodology and tools;
• realisation and testing practices; and
• IT domain management; and
• behavioural competencies in:
• planning and organising;
• developing and growing others;
• judgement and decision making;
• resilience;
• impact and influence; and
• building and maintaining relationships.

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Brief description

The main purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life actuarial risks in insurance entities. The successful candidate will be involved in operational duties associated with on- and off-site analysis, and will be part of a team of risk specialists in the PA responsible for providing specialist knowledge, skills and experience in the life actuarial risk management area.

Detailed description

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

• Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following: 
• scrutinising the financial soundness of life insurers; 
• participation in on-site visits to life insurers; and 
• the consideration of internal model approvals.
• Scrutinise and check the compliance of submissions by life insurers’ actuaries.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

QUALIFICATIONS

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

• have a relevant Honours degree (NQF 8) in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from at least seven A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• two to five years’ relevant working experience, preferably in the life insurance industry.

The following would be an added advantage:

• good communication (verbal and written) skills;
• ability to perform under pressure without compromising quality;
• ability to work independently and within a team;
• good interpersonal skills; and
• proactive problem-solving skills.

Job related skills and knowledge:

• Solvency Assessment and Management (SAM) experience;
• computer literacy (preferably including programming skills);
• ability to understand complex financial models; and
• ability to deal professionally with internal and external clients.

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Background

The South African Reserve Bank (SARB), in collaboration with the South African Bank Note Company (RF) Proprietary Limited (SABN) (henceforth collectively referred to as the SARB Group), actively contributes to addressing the country’s skills shortage in the technical and engineering fields through its Work Integrated Learning Programme (WILP).

The WILP is an internship and apprenticeship programme aimed at giving successful applicants maximum training exposure within the technical fields available within the SARB Group, preparing them for their national diploma.

Programme Structure

• Participants will be placed at the SARB Head Office in Pretoria and will be rotated to the SABN. The programme will start in July 2024 for a period of 12 months. Participants will receive a work-based learning remuneration for the duration of the programme.

QUALIFICATIONS

Requirements

• Technicians: This group will comprise students from universities of technology who have completed an S4 level but require 12 months’ practical work experience (P1 and P2) as a requirement to complete their national diploma. The fields of study for which the SARB Group provides are electrical, electronic and mechanical.