Latest Vacancies at South African Reserve Bank

Brief description

The purpose of this position is to analyse and provide insight into the current state of data and its maturity in order to support reliable and effective decision making within the Prudential Authority (PA). 

Detailed description

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

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Discover data by applying data discovery mechanisms in order to establish the datasets within the South African Reserve Bank (SARB).
• Identify the data profiles of the datasets discovered in order to determine their completeness and compliance as well as for the purpose of inventory management.
• Establish relationships between data elements and their impact on the business.
• Understand the business requirements, and address matters of data completeness and data quality. 
• Conduct analysis in order to track the dataset life cycle from its initial generation to its eventual archival and/or deletion.
• Conduct data analysis in order to determine the various categories of data and information. 
• Conduct data analysis in order to determine the importance of the data to the business and the probability of reuse. 
• Produce regular reports and provide status updates as well as information for the business domain. 
• Develop and manage stakeholder relations effectively to promote data management across the organisation.
• Support reliable decision making and appropriate data usage.
• Provide input as data transtions from source to destination..

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• the minimum of a Bachelors (NQF 7) in Computer Science, Computer Engineering or Data Science, or an equivalent qualification; and
• the minimum of 5–8 years of job-related experience within the data analysis environment.

Additional requirements include:

• capacity and performance management; 
• extensive knowledge of best practice methodologies in data warehousing and multidimensional data modelling (Online Analytical Processing (OLAP), e.g. ESSBASE or Microsoft Analysis Services), system design and system? management; 
• extensive knowledge of most data-modelling techniques; 
• extensive knowledge of the most common … (RDBMS) technologies (e.g. Oracle, IBM, SQLServer and MySql); 
• experience in deploying and managing Big Data environments (e.g. HADOOP, SPARK and NoSQL); 
• knowledge of database query languages (e.g. SQL); 
• experience with a variety of programming languages, including but not limited to C# and JAVA; and   
• experience in using a broad variety of integration techniques, patterns, tools and methodologies.

Job-related skills and attributes:

• industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning / professional development knowledge and skill; 
• business transformation and optimisation knowledge and skill; and
• elicitation techniques knowledge and skill.

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Brief description

The purpose of this role is to lead, manage and co-ordinate all the planning, design, and execution of the Supervisory technology activities within the Prudential Authority

Detailed description

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

• Manage the day-to-day control responsibilities, implementation related reporting and tracking activities.
• Understand the strategic direction of the Supervisory technology.
• Formulate and define technical approach of the enhancement/project, in conjunction with the product team.
• Coordinate and facilitate on-going project communication to all stakeholders and participants.
• Identify and highlight process gaps and recommend improvements.
• Define and ensure the maintenance of technical and project/enhancement documentation.
• Oversee the development of test plans and directs quality assurance testing activities.
• Coordinate the deployment of new or enhanced Supervisory technology functionality systems and processes required for a successful implementation.
• Perform post-project reviews to assess results and compare to objectives.
• Manage communications in a complex project environment through communication planning, information distribution and performance reporting using formal project management practices.

QUALIFICATIONS

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

• the minimum of a Bachelor’s degree (NQF 7) in Information Technology (IT);
• the minimum of 5–8 years of experience in financial regulatory reporting and/or data management; and 
• experience in the supervision of a team. 

Job-related skills and attributes:

• industry, business and organisational knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning / professional development knowledge and skill; 
• business transformation and optimisation knowledge and skill; and
• elicitation techniques knowledge and skill.

Behavioural competencies: 

• planning and organising;
• developing and growing others;
• judgement and decision making;
• resilience; and impact and influence.

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Brief description

The main purpose of this position is to work with the divisions in the Financial Surveillance Department (FinSurv) to implement a comprehensive risk management framework to mitigate the related risks as well as to advise and support the divisions on the risks. 

Detailed description

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

• Assist with the coordination and planning of the annual operational risk assessment workshops with the divisional heads as well as specialist risk assessment workshops, where applicable.
• Assist with the development of flexible risk reporting frameworks.
• Assist with the facilitation of general operational risk assessment workshops, the preparation of reports, the development of risk mitigation plans and the reporting on progress, in line with standard risk methodology.
• Advise and support the FinSurv divisions on the implementation of their operational risk, compliance and specialised risk mitigation plans and compile progress reports on the implementation of mitigation plans, including the results of impact assessments of mitigating actions on these risks.
• Be part of the planning of the risk management year programme based on the Risk Management and Compliance Department (RMCD) and FinSurv agenda.
• Coordinate and liaise with RMCD, internal auditors as well as any other relevant stakeholders to improve and enhance audit, risk and compliance activities.
• Assist in the monitoring of internal audit findings and the implementation of the management action plans, and update the Team Central system accordingly.
• Contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing risk management in FinSurv. 
• Assist with the preparation of briefings and presentations for relevant stakeholders. 
• Assist with the preparation of scenarios, the coordination of training and awareness sessions, and the provision of training in the areas of governance, risk management and controls relevant to the South African Reserve Bank’s (SARB) departmental conduct quality assurance on the FinSurv divisions’ internal control processes and draft quality assurance reports with recommendations.
• Keep abreast with international best practices and developments in the field of risk management and risk-based approaches, analyse the implications of these changes for the work of the department, and make specific proposals on how these developments might be applied to improve current practices

QUALIFICATIONS

Job Requirements

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

• an NQF 6 qualification in Banking, Risk Management, Accounting, Auditing or any other relevant field; and
• two to five years’ experience in risk management in the financial services industry.  

The following would be an added advantage: 

• a certificate/accreditation in Operational Risk Management; and 
• member of a professional body for risk management.

Additional requirements include:

knowledge and skills in:

• risk management and compliance practices and standards; 
• supervisory and/or regulatory technologies;
• risk-based supervision or monitoring and/or auditing; and
• effective written and verbal communication; 
• experience in the use of risk management system software, such as CURA, Team Central and other investigative tools;
• knowledge of Microsoft (MS) Office packages, especially MS Word and PowerPoint; 
• knowledge or understanding of financial markets;
• interpersonal skills;
• assertiveness;
• analysis and problem-solving skills; and
• ability to work under pressure in a team environment.

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Brief description

The main purpose of this position is to provide technical support to the International Engagements Division. This will involve conducting research on global and domestic macroeconomic developments related to the agenda of international forums such as the Group of Twenty (G20), BRICS, the International Monetary Fund (IMF), and the Bank for International Settlement (BIS), compiling briefing and speaking notes, and assisting in the formulation of country policy positions and strategies for the purpose of influencing the international economic and finance agenda, with the aim of advancing South Africa and Africa’s interests.

Detailed description

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

• Provide technical support to the International Engagements Division and assist in identifying strategic challenges, opportunities, and priorities for the South African Reserve Bank (SARB) based on analysis and trends in the global and domestic macroeconomy and financial markets.
• Conduct relevant research, contribute to the development of policy positions and strategies, and influence the global economic and financial agenda for the benefit of South Africa and the region. 
• Provide support to the Division Head and Senior Policy Analysts in managing projects, including logistical arrangements for seminars, meetings, conferences, and workshops. 
• Provide support to the Division when it represents the SARB in working group meetings of the Group of Twenty (G20), BRICS and other forums where relevant. 
• Provide inputs into the preparation of briefing documents and speaking notes for the governors and senior officials attending international meetings. 
• Provide inputs and conduct research for purposes of writing speeches.
• Liaise with National Treasury, other relevant government entities and specialist SARB departments to ensure consistency with the domestic and international agenda. 
• Build strategic relationships and networks with relevant counterparts in international forums.
• Develop briefs and makes presentations internally as well as to departmental forums and other departments in the SARB on topics of interest in the international forums.
• Provide support in managing international cooperation and partnerships on behalf of the SARB, including diplomatic relationships. 

QUALIFICATIONS

Job Requirements

To be considered for this position, candidates must have:

• a minimum of an Honours degree in Economics, Finance, or an equivalent combination of education and job-related experience; 
• a minimum of six to eight years’ experience in an economic or global macroeconomic policy and research environment; and
• knowledge of policy development formulation and international financial institutions.

Additional requirements are as follows:

• knowledge of global finance and economics-related research; 
• knowledge of policy development and formulation;
• knowledge of international financial institutions;
• knowledge of relevant government policies and relevant legislation;
• influencing skills;
• excellent verbal and written communication skills;
• negotiation skills;
• networking and stakeholder relationship management;
• bias for action; and
• excellent etiquette to interact with executives and high-profile individuals.

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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
• two to five 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.

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Brief description

The main purpose of this position is to provide strategic direction and managerial leadership to the Banking Supervision Division and ensure the financial soundness and sound governance of banking entities under the division’s supervision.

Detailed description

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

• Promote the safety and soundness of banking entities under the division’s supervision. 
• Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy and ensure alignment with the departmental strategy. 
• Contribute to the development and continuous refinement of the supervisory approach for banking entities under the division’s supervision, taking into account the current, emerging, systemic and supervised entity-specific risks. 
• Manage the supervisory oversight of the banking entities under the division’s supervision, including, but not limited to: 
• leading and managing the day-to-day supervision of banking entities and direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the banking entities and banking groups (where relevant) allocated to the division; 
• identifying, assessing and escalating key risks and react to key indicators of risks within the department; 
• overseeing the maintenance of permanent records and correspondence of banking entities and banking groups allocated to the division; and
• endeavouring to uphold an updated risk rating of the banking entities and banking groups.
• Monitor compliance by banking entities and banking groups to the applicable regulatory framework which includes prudential standards and regulations issued by the PA. 
• Manage the operationalisation and implementation of decision-making frameworks, protocols and procedures. 
• Ensure compliance with all legislative and regulatory requirements of the South African Reserve Bank (SARB), that risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented. 
• Manage the performance and development of direct reports, creating a performance culture as well as coach and manage the career development of employees in the division. 

QUALIFICATIONS

Job requirements

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

• a minimum of a post-graduate qualification in Accounting, Banking, Economics or any other relevant field; and 
• a minimum of 10–12 years’ experience in the banking sector, regulatory environment or financial auditing, with at least five years in a managerial role.

Additional requirements include:

• problem solving and analysis; 
• planning and organising; 
• verbal and written communication; 
• financial and business acumen;
• attention to detail;
• confidentiality; and
• knowledge of and skill in:
• general management;
• prudential supervision, regulation and legislation;
• the financial sector, specifically the banking industry; 
• financial management; 
• corporate governance and risk management practices and standards; 
• core principles for effective banking supervision; 
• Basel III capital framework; and 
• human resources policies and procedures. 
   

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Brief description

The main purpose of this position is to conduct quality inspections within the Note Fitness Inspectorate team of the South African Reserve Bank (SARB) to ensure that the quality of banknotes in circulation is acceptable.

Detailed description

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

• Plan, control, coordinate and conduct quality inspections and audits at cash recycling centres.
• Report on the cash recycling centres’ compliance to the banknote quality sorting standards.
• Analyse, consolidate and present consolidated findings/trends to relevant stakeholders.
• Monitor and evaluate the effectiveness of corrective actions taken to address nonconformities identified during inspections and/or audits.
• Take responsibility for internal and external stakeholder management.
• Create awareness on the quality of banknotes.
• Participate in continuous improvement initiatives and/or projects.

QUALIFICATIONS

To be considered for this position, candidates must have:

• a minimum of a BTech or Advanced Diploma in Quality Management or Industrial Engineering;
• ISO 9001:2015 Lead Auditor training;
• two to five years’ quality management experience;
• two to five years’ experience in conducting quality audits;
• experience in a cash management environment will be an added advantage; and
• own transport and a valid driver’s licence, as travel forms part of the role.

Additional requirements include:

• planning and organising skills;
• analytical and problem-solving skills;
• continuous improvement;
• effective communication;
• service and stakeholder focus;
• attention to detail;
• ability to work independently; and
• confidentiality.