New Banking Vacancies at South African Reserve Bank

Detailed description

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

• Conduct high-quality research to inform policy positions and contribute to thought leadership on matters relevant to the Financial Markets Department. The research should also support the development of business methods and policy frameworks.
• Represent FMD in the cross-department research committee of the SARB, whose purpose is to foster a culture of research and analytical work.
• Make recommendations on the markets, monetary policy and regulatory frameworks, and produce policy position papers. This requirement also entails recommending improvements in business methods, while ensuring compliance with local and international standards.
• Develop and lead the implementation strategic initiatives in support of departmental objectives.
• Assume responsibility for the Africa portfolio, which includes the implementation of certain strategic initiatives of the respective financial markets clusters of the Common Monetary Area and the Committee of Central Bank Governors of the SADC region.
• Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
• Represent the SARB at official external forums and meetings that fall within the area of specialisation, including speaking at/presenting research at conferences and seminars.
• Manage and lead the Policy Research and Strategy Unit of the Financial Markets Department.
• Define research and learning agenda for the Policy Research and Strategy Unit.
• Provide technical guidance and ensure the transfer of knowledge and skills to junior specialists.
• Quality assure and integrate research and analyses submitted by other financial markets specialists and provide feedback.

QUALIFICATIONS

• a Masters degree in Economics or Finance, or an equivalent combination of education in the required field and job-related experience; and
• eight to 10 years’ experience in the financial markets or related environment.
• A PhD, proven track record in research and managing projects will be an added advantage. 

Additional requirements include:

• analytical and conceptual thinking abilities;
• knowledge of the Microsoft Office suite;
• advanced knowledge of mathematical, statistical or econometric modelling;
• effectiveness in verbal and written communication;
• Knowledge of research methodology;
• Ability in planning and organising; and
• decision-making;
• interpersonal skills;
• presentation skills;
• leadership skills;
• being a team player;
• integrity;
• impact and influence; and
• innovation and creativity.

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Detailed description

• The successful candidate will be responsible for the following key performance areas:
• Collate and provide management information on procurement matters regarding the end-to-end procurement process.
• Compile and update the BSTD procurement demand plan (demand forecast) to monitor and reduce the turnaround times for the procurement of BSTD goods and services.
• Guide and facilitate communication between the relevant stakeholders throughout the procurement process.
• Identify and respond appropriately to the stakeholder needs for specific procurement-related advice.
• Monitor and report on the progress against the BSTD procurement demand plan.
• Assist in the implementation of the BSTD procurement and sourcing plan to ensure the systematic execution of processes and procedures.
• Facilitate the contracts renewal process and the approval process of foreign and dual citizens. 

QUALIFICATIONS

Job requirements

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

• a minimum of a Bachelor’s degree/Advanced Diploma or an equivalent qualification;
• a minimum of three to five years’ job-related experience within a procurement environment; and
• solid knowledge of procurement management.

Additional requirements include:

• verbal and written communication skills;
• flexibility;
• drive for results;
• learning focus;
• team work;
• service and stakeholder focus;
• judgement;
• analytical and problem-solving skills; and 
• resilience.

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Detailed description

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

• Engage in short-term planning and perform tasks independently in accordance with set standards and procedures.
• Perform fault-finding on electrical subsystems by applying a set of modified techniques within a defined context.
• Conduct preventative and corrective maintenance on electrical subsystems and/or equipment and determine possible component failure in order to enhance system capability.
• Test all work and close off assigned job cards on maintenance and project work.
• Interpret work instructions, drawings and diagrams concerning construction, alterations, modifications, enhancement maintenance and operational projects.
• Apply statutory principles in order to comply with safety, health and environmental requirements.
• Perform quality assurance on work done by external service providers for adherence to industry requirements and report on this to the supervisor.
• Prepare and submit weekly reports using standard templates (job cards and non-conformance reports), highlighting the work completed and problem areas.
• Engage positively with clients and other stakeholders, including complaints and compliments.
• Address any gaps in own performance of tasks and activities against the required standard(s).
• Conducting weekly inspections on all plant machinery as well as all electrical panels, as per Planned Maintenance Work Order instructions 
• Reporting findings from inspection in the Planned Maintenance Work Order form.

QUALIFICATIONS

Job requirements

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

• a national trade test in electrical heavy current;
• Three phase wireman’s licence (Master Installation Electrician will be an advantage)
• N6 National Certificate in Electrical Heavy current or NQF6 technical qualification or equivalent (will be an advantage); and
• Four to six years’ experience in a technical trade environment

Working experience in:

• the service maintenance electrical system such as DB’s, Standby generators, UPS and Electrical reticulation in the building.
• conversant in the dynamics of a high-rise and/or high-tech commercial office and building environment;
• maintaining electrical equipment and systems;

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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 and analysis to 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. 
• Coordinate and contribute to briefing and speaking notes for meetings of the Financial Stability Board (FSB)
• 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. 
• Align meeting dates with the Executives’ diaries and contributing to the development of agendas for meeting. 

QUALIFICATIONS

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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Detailed description

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

• Develop requirements for predictive analytics by developing design specifications (decision models) in line with the data governance. The design specifications include the validation and success criteria, business goals and the business process model involved in making decisions.
• Prepare the required data by performing a data assessment, consolidation and data integrity testing. 
• Identify actionable insights from the prepared data by providing statistics about data features, correlations between features, aggregation of data and the creation of new features. The results of this data exploration must be added to the requirements to focus on the most relevant data.
• Perform predictive modelling (design, create, test and implement hypotheses and analytical models) using prepared data.
• Monitor, measure and report on analytical results to ensure appropriate business recommendations and insights. The analytical results may require an update of the decision requirements model.
• Ensure that there are deliverables resulting from the model development, such as deployed reusable software assets and knowledge transfer that allows business to integrate this asset in their business processes.
• Lead applied analytics initiatives and produce analytical outputs in support of relevant business objectives.
• Research, benchmark, design, implement and validate cutting-edge algorithms/models to analyse diverse sources of data to achieve targeted outcomes and provide expertise on mathematical concepts for the NPSD.
• Create a performance culture within the division, define performance expectations and conduct effective performance management of direct reports.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.
• Plan, organise, control, manage and evaluate the work of team members and administer human capital functions.
• Collate and provide management information for decision-making purposes.

QUALIFICATIONS

Job requirements

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

• a Postgraduate degree in Statistics, Mathematics, Engineering, Economics, Computer Science or an equivalent qualification; and seven years’ experience as a data scientist.

Additional requirements include: 

• technical expertise in at least two of the following programming languages: Python, R, SAS, Scala and SQL; 
• technical expertise in statistics and machine learning (ML): regressions, clustering techniques, time series techniques, bagging and boosting trees, ensemble models and neural networks; 
• experience in and working with: 
• descriptive statistics and exploratory data analysis (EDA); 
• large datasets in flat files, relational databases and distributed systems (Hadoop), with some exposure to AWS, Azure and/or GCP (would be an advantage); 
• visualisation tools (e.g. Power BI, SAS, Tableau and MicroStrategy); 
• large volumes of structured and unstructured data and leveraging it to build artificial intelligence (AI)/ML solutions through end-to-end automated data pipelines; and 
• MLOps for AI/ML model deployment monitoring/enhancements for standalone solutions or as part of larger products; 
• ability to communicate complex ideas effectively, both verbally and in writing; and 
• experience in working and collaborating with a variety of stakeholders throughout a data science project’s life cycle.

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QUALIFICATIONS

Requirements

To be considered for this internship, candidates must:

• have a National Diploma (NQF 6) in IT, Computer Systems Engineering or a degree (NQF 7) in Informatics (BCom or BSc), Computer Science, Data Science, Information Systems, Mathematics, Software Engineering or Statistics;
• be a South African citizen;
• be between the ages of 18 and 35 years; and
• be curious, self-motivated and innovative.

Candidates are requested to indicate their field(s) of specialisation or preference(s) in any of the following fields:

• Data Engineering
• Java Development
• Microsoft Cloud/DaaS
• Open Text/AppWorks
• Data Centre Operations 
• Cybersecurity Operations
• National Cash Management
• Governance, Risk and Compliance
• ServiceNow System Administration 
• Data Governance and Data Management

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Detailed description

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

• Manage operational planning by developing short-term work plans in line with the SARB’s Business Solutions and Technology Department’s (BSTD) strategy and business plans as well as communicate on the division’s activities.
• Manage and improve the workflow and application of processes, procedures and systems.
• Provide advice on refining policies, processes and systems, and improve alignment with related divisional processes and systems.
• Manage, support and facilitate the delivery of division-specific outputs, including the timely delivery of projects and the readiness of solutions to transition into operations.
• Optimise resource use in the division, allocate work, manage the accountability of resources and provide input into cost management.
• Manage stakeholder relationships to ensure the timely delivery of quality IT solutions in accordance with business requirement specifications.
• Identify gaps and inefficiencies (including governance and the management of risks and audit findings) and take specific actions for the implementation of improvements in collaboration with GSMD.
• Manage, monitor, evaluate and report on the quality, turnaround and impact of the division’s deliverables.
• Encourage a performance culture in the division, define performance expectations and conduct effective performance management of direct reports.
• Drive priority development for employees by promoting and supporting career management and the development of direct reports.
• Drive innovation and implement the necessary changes to improve application processes and systems to align with global best practices.
• Execute the IT strategy within the division.
• Support the transformation of the GSMD systems throughout the implementation and maintenance of a secured and high-availability solution.

QUALIFICATIONS

Job requirements

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

• an Honours degree in Computer Science (NQF 8) or an equivalent qualification; and
• eight to 10 years’ experience in an IT environment.

Additional requirements include:

• technical background in an appropriate area (e.g. software development, infrastructure or integration);
• knowledge and skill in industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continuous learning and professional development;
• business continuity planning;
• systems integration;
• systems specialisation;
• IT governance, risk and compliance;
• collaboration;
• integration testing;
• business relationship management;
• IT enablement reporting, financial management, information management and project management; and
• capacity and performance management.

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Detailed description

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

• Review, analyse and evaluate banks’ internal capital adequacy assessment process.
• Review, analyse and evaluate market infrastructures’ internal capital adequacy assessment process.
• Review and evaluate financial entities’ recovery plans.
• Analyse and interpret risk-based regulatory returns for regulated entities.
• Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990), in line with international best practices.
• Interpret and develop amendments to the legislative framework, based on international best practices.
• Contribute towards the international capital framework working committees.
• Develop and implement the supervisory review and evaluation process, in line with international best practices. 
• Conduct supervisory oversight of designated banks and participate in supervisory practices, including:
• analysing and assessing the strategies, business models and business portfolios of banks;
• analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles; 
• assessing compliance with the Banks Act 94 of 1990, the Regulations relating to Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements; 
• analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;
• analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices; 
• contributing to and participate in risk-based meetings with banks and their auditors; and 
• preparing detailed reports based on the outcome of the analysis performed.
• Manage correspondence and maintain electronic records in line with operational standards.
• Contribute towards the attainment of departmental strategic objectives.
• Contribute towards the attainment of operational objectives.

QUALIFICATIONS

Job requirements

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

• a postgraduate qualification (NQF 8) specialising in Accounting, Banking, Commerce, Economics, Finance or Risk Management; and 
• at least two to five years’ experience in the finance sector or financial regulatory environment 

Job-related experience includes:

• an in-depth knowledge and understating of regulatory frameworks and international standards, such as the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;
• being conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related standards and regulations;
• knowledge of prudential supervision and the supervisory framework applied in South Africa;
• knowledge of basic risk management standards and practices applied by banks and banking groups;
• an understanding of key issues and risks faced by banks and banking groups;
• an in-depth knowledge of the business of banks;
• an understanding of the business models applied by, and the financial and operating environment of, banks; and
• knowledge and understanding of corporate governance and risk management best practices and standards.

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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. 
• Create and maintain business metadata for published data sources to ensure that it is easily discoverable and meaningful to information consumers. 
• Create and maintain consistent metadata in a manner that allows for a clear and unambiguous data definition and meets legislative, quality and security requirements.
• Acquire new data sources to enable effective departmental decision making.
• Prepare relevant data for appropriate consumers in the SARB Group and relevant stakeholders and monitor the published data sources for usage, relevance and quality feedback.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry and ensure the consistency in data usage across various systems.
• Proactively identify and resolve data integrity and quality issues.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.
• Stay current with developments in all functional areas relevant to information management and ensure the appropriate application thereof.

QUALIFICATIONS

To be considered for this position, candidates must have:

• a Diploma in either Information Technology, Computer Science, Mathematics or equivalent NQF 6 qualification; 
• two to five years’ experience in any of the relevant data management disciplines such as data governance, metadata management, master data management, business intelligence and data development; and 
• relevant certifications (e.g. Certified Data Steward) will be an added advantage.

Additional requirements include:

• knowledge and skills in:
• reference and master data; 
• metadata management;
• data quality management; 
• continuous improvement; and
• effective communication;  
• competence in Microsoft Office software packages (e.g. Excel, Word, PowerPoint, etc.); 
• ability to build and manage relationships;
• innovation and creativity;
• stakeholder and client focus; and
• impact and influence.