New Jobs at South African Reserve Bank

Detailed description

The successful candidates will be responsible for, among other things, the following key performance areas:

• Provide leadership and strategic direction to the broader NPS industry and the NPSD to facilitate the development of the NPS.
• Provide an interbank settlement service for all domestic and rand-denominated foreign exchange transactions.
• Provide an interbank settlement service for regional transactions settled on the regional payment settlement platform.
• Oversee the NPS to ensure its development in line with changes in the financial system and the environment.
• Provide thought leadership on payments related matters to the broader payments ecosystem.
• Regulate and supervise payment service providers and administer NPS regulation (i.e. the National Payment System Act 78 of 1998 and directives) to manage risks in the payment system and prevent payment settlement failures and possible systemic risk.
• Participate in regional payment system initiatives and provide leadership and strategic guidance to the SADC payment system initiatives.
• Facilitate relevant research to keep abreast of developments and best practices to ensure alignment with international payment system practices that foster compliance with international standards.
• Participate in international payment system standards setting bodies and forums to provide South Africa and developing economies input into global guidelines and standards.
• Participate in international and regional payment system oversight structures to ensure initiatives are aligned to domestic policy objectives.
• Facilitate capacity building and information dissemination initiatives, including relevant publications on NPS matters, to ensure public awareness and promote fair access to, and wider usage of, the NPS.
• Provide strategic direction and develop plans, management practices and controls for the NPSD.
• Direct the preparation of budgets and coordinate spending based on the NPSD strategic and operational plans.
• Direct human resource activities, including the approval of human resource plans and activities, hiring and staff development, oversee performance management systems and determine divisional structures.
• Manage the performance and development of direct reports, create a performance culture in the department, and promote and support career management and development.
• Guide and participate in the development of payment systems on the continent and the region with specific reference to SADC.

Job requirements

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

• an Honours degree in Banking, Finance or Information Technology; and
• at least 12 years’ experience in the banking/financial systems and payments environment, including good exposure to information technology (IT) systems, of which at least five of those years should be at senior general management level. 

The following would be an added advantage:

• a Master of Business Administration or Master of Business Leadership degree.

Additional requirements are include:

• a deep knowledge and understanding of the South African payments ecosystem;
• the ability to earn the respect of key stakeholders, build relationships, and act as a trusted authority;
• the ability to inspire and shape industry thinking that advance the payment sector;

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Detailed description

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

• Implement data service standards and frameworks across the SARB to ensure optimised solutions and adherence to best practice, that is, data operations, development and operations as well as machine learning and operations.
• Take responsibility for BI data pipelines and flows for domain specific analytic implementations across the SARB.
• Ensure understanding of client’s data requirements in order to drive continuous development of data services and address evolving business needs.
• Design and build data pipelines that are robust, modular, scalable, deployable, reproducible and versioned for analytics and reporting purposes.
• Continually monitor and optimise domain specific data pipelines to ensure data availability and optimal long-term performance of data pipelines.
• Implement new data engineering features.
• Implement data sharing technology services for the SARB, in alignment with the BI and Business Solutions and Technology Department (BSTD) Strategy.
• Diagnoses, manage and enhance the performance of BI data marts and warehouses across the SARB by applying data engineering techniques such as distributed computing and data optimisation.
• Resolve data issues across BI data marts, data warehouses and data lakes.
• Implement initiatives to ensure compliance and adherence to security and application standards with respect to all BI data services.
• Identify and manage the mitigation of risks relating to domain-specific BI data services.
• Proactively engage and problem-solve with cross functional stakeholders ‒ from technical data teams to managers ‒ to address their data needs in order to build impactful analytics solutions.
• Provide reporting and recommendations on data service performance, improvements and data availability for domain-specific solutions to management.
• Keep abreast of industry best practices and technologies and lead implementation thereof to optimise effective and efficient data pipelines and services.
• Impart knowledge of the technical environment to other data engineers, systems development, database administrator, infrastructure and enterprise architecture and enterprise information management teams.

Qualifications

Job requirements

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

• a Bachelor’s degree (NQF 7) in Computer Science, Engineering, Mathematics, Information Management, Technology or an equivalent qualification; and
• five to eight years’ experience in building, maintaining and optimising data pipelines and services.

Additional requirements include:

• ability to write clean, maintainable, scalable, and robust code in object-oriented language, e.g., Python, Scala, Java, in a professional setting;
• proven experience building data pipelines in production for advanced analytics use cases;
• experience working across structured, semi-structured and unstructured data;
• experience with database technologies such Microsoft SQL Server, Oracle Database, MySQL, PostgreSQL, IBM Db2 and NoSQL;
• familiarity with distributed computing frameworks (e.g. Spark, Dask) cloud platforms (e.g. AWS, Azure, GCP, containerization, and analytics libraries (e.g. pandas, NumPy, matplotlib);
• familiarity with time-series and graph database types and related technologies (Druid, InfluxDB, Neo4J, etc.) would be considered a plus;
• practical knowledge of software engineering concepts and best practices, including DevOps, Development Security and Operations and Data Operations, would be considered a plus;
• ability to scope projects, define workstreams and effective lead, and mentor more junior colleagues;
• continuous improvement knowledge and skill;
• industry, organisational and business awareness, knowledge and skill;
• quality assurance knowledge and skill;
• business continuity planning knowledge and skill;
• information technology (IT) enablement planning knowledge and skill;
• IT transformation and innovation knowledge skills;
• release management knowledge and skill;
• infrastructure design and development knowledge and skill;
• workload estimation knowledge and skill;
• technical analysis knowledge and skill;
• systems integration knowledge and skill;
• IT governance knowledge and skill; and
• continued learning and/or professional development knowledge and skill.

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Detailed description

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

• Engage in short-term planning.
• Perform tasks independently against well-defined work instructions and in accordance with set standards and procedures. 
• Perform fault-finding for mechanical sub-systems by applying a set of modified techniques within a defined context.
• Conduct preventative and corrective maintenance in the mechanical sub-systems and/or equipment and determine possible component failure to enhance system capability.
• Test all work and close off the assigned job cards on maintenance and project work.
• Interpret the work instructions and drawings relating to construction, alterations modifications, enhancement maintenance and operational projects.
• Apply statutory principles to comply with the safety, health and environmental requirements.
• Perform quality assurance on the work done by external service providers for adherence to industry requirements and report 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 dealing with complaints and compliments.
• Address any gaps in your own performance of tasks and activities against the required standard(s).
• Do maintenance standby duties as and when required.

Qualifications

Job requirements

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

• Matric (NQF4) or a N3 technical qualification or an equivalent;
• a National Trade Test Certificate in Mechanical – Fitter &Turner, or Fitter; and
• Five to seven years’ experience in a technical trade environment

Additional requirements include working experience in:

• the dynamics of a high-rise and/or high-tech commercial office environment;
• refrigeration and air conditioning; 
• maintaining water pressurised systems (pressure reducing valves, pilot valves, pipe work, and so forth).
• Basic welding and metal work.

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Detailed description

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

• Write and present reports on research and analysis conducted on market operations and investments. 
• Represent the SARB and participate in internal and external committees. 
• Conduct operations for the purpose of implementing monetary policy, such as auctions for liquidity management, and on behalf of government (bond auctions and Treasury bill auctions) and capture trades such as CPD investments and financial markets transactions for liquidity management.
• Undertake investments for the CPD in accordance with investment guidelines, operational requirements and policies and legislation.
• Assist financial markets specialists with committee administrative duties and ad hoc tasks, as required.
• Coordinate the collection of financial market data and maintain a database thereof.

Qualifications

Job requirements

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

• an Honours degree (NQF8) in Economics, Accounting, Actuarial Science, Financial Engineering, Mathematics of Finance, Finance or an equivalent combination of qualifications in the required field and job-related experience; and
• at least three to five years’ work experience in the financial markets environment.

The following will be an added advantage:

• a Chartered Financial Analyst (CFA) qualification; 
• knowledge and skill in:
• money market operations; 
• financial mathematics;
• domestic and international interest rates;
• bond markets;
• interest rate products; 
• market intelligence; 
• the investment industry;
• money market fund management;
• research methodologies;
• Reuters and Bloomberg; 
• the management of stakeholder relationships; 
• project management; and 
• relevant policies and procedures.

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Detailed description

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

• Conduct access and egress control in the areas of operation.
• Conduct guarding, patrolling and escorting duties to safeguard the facility against illegal and/or unauthorised activity.
• Identify, respond to and report all security and emergency threats, signals and situations under all conditions.
• Monitor, maintain and ensure the optimal utilisation of all security systems, equipment and signals.
• Perform evacuations and emergency drills during emergencies.
• Perform administrative duties such as report-writing and completing electronic occurrence books and pocketbooks.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements (including methods and practices).

Qualifications

To be considered for this position, candidates must have:

• a Grade 12 certificate or an equivalent NQF 4 qualification; 
• a Private Security Industry Regulatory Authority (PSIRA) Grade C qualification;
• a competency certificate in the handling of firearms (i.e. a 9 mm pistol, a semi-automatic rifle and a shotgun);
• a minimum of two to five years of working experience in a security environment;
• sound knowledge and understanding of applicable legislation, including, but not limited to, the National Key Points (NKP) Act 102 of 1980 and Regulations, the Firearms Control Act 60 of 2000, the Criminal Procedure Act 51 of 1977, as well as all the policies, procedures and operational instructions of the SARB relating to the use of firearms;
• a level of medical, psychological and physical fitness commensurate with the inherent requirements of the position;
• professionalism, discipline and the physical fitness to work long hours; and
• the availability to work shifts (including weekends) and perform duties as required by operational circumstances.

Additional requirements include:

• following instructions and procedures;
• adapting and responding to change;
• writing and reporting;
• deciding and initiating action;
• adhering to principles and values;
• applying expertise and technology; and
• coping with pressures and setbacks.

The following would be an added advantage:

• completed NKP training;
• completed PSIRA training; and/or
• exposure to physical and tactical security training.

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Detailed description

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

• Maintain and review the effectiveness of the constitution of the settlement rules and Credit Transfer with Immediate Settlement (CTIS) scheme, including the terms of reference of governance structures and committees.
• Coordinate relevant governance structures/forums for the management of settlement CTIS rules.
• Maintain rule, dispute and working group committee standards and processes.
• Coordinate the review of access criteria for participation in SADC-RTGS and of settlement and CTIS rules (the Beige Book). 
• Coordinate the establishment and review of criteria for the onboarding of multi-currencies onto the SADC-RTGS and SADC-RTGS currencies participation.
• Conduct investigations into matters relating to possible non-compliance with settlement rules and standards and ensure that corrective action is implemented by the responsible stakeholder. 
• Coordinate membership of the settlement scheme and CTIS, including application, registration, onboarding, contracting, participation and offboarding.
• Manage stakeholder engagements and relationships (internal and external) to support and enhance the sustainability and growth of SADC-RTGS participation, including marketing and creating awareness of participation in the system.
• Conduct activities in support of the SADC-RTGS operator on governance requirements, including ensuring alignment with regulation.
• Coordinate commentary and inputs on changes to all regulations and submit to the relevant stakeholder. 
• Coordinate activities relating to rules management to ensure that adequate risk measures and standards are in place to safeguard the SADC-RTGS operations.
• Review and align settlement/scheme rules with new products or services introduced by the SADC-RTGS operator. 
• Stay abreast of current developments to contribute to the strategy of the division and ensure the application thereof (e.g. changes to policies, rules and regulations, legislation and systems).
• Compile reports for review by management for governance, compliance, operational performance and decision-making purposes.  

Qualifications

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

• a minimum of an Honours degree in Finance, Law or Risk Management; and
• five to eight years’ experience in a banking, payments, settlement, legal, compliance and risk management environment.

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Detailed description

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

• Coordinate and manage the calendar, meetings and workshops for the unit, governance structures, various forums, member committees and sub-committees and undertake the day-to-day administration tasks. 
• Act as the point of contact for internal and external stakeholders in matters related to the rules and scheme management function, the governance structures, various forums, member committees and sub-committees.
• Coordinate the membership of the governance structures, various forums, member committees and sub-committees, including the onboarding of members.
• Maintain and manage efficient records management in compliance with the South African Reserve Bank’s policy.
• Support and manage projects arising from changes to regulations, business and technology, where required.
• Comply with all risk and compliance policies and procedures. 
• Publish participation notifications and documents on relevant platforms to inform stakeholders. 
• Manage incidents (log, monitor, escalate, transfer, resolve and close). 
• Build relationships with relevant internal and external stakeholders to promote a culture of compliance and awareness of sanctions and money laundering-, terrorist financing- and proliferation financing-related risks. 

Qualifications

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

• a Diploma in secretarial duties and administration or a similar qualification; and
• two to five years’ experience as an administrator in the banking/payment industry or regulatory experience. 

The following would be an added advantage:

• advanced qualifications in risk and compliance management, governance and administration.

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Detailed description

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

• Maintain and review the effectiveness of the constitution of the settlement rules/payment scheme, including the terms of reference of governance structures and committees.   
• Coordinate relevant governance structures/forums for the management of settlement rules.
• Maintain rule, dispute and working group committee standards and processes.
• Coordinate and review the access criteria and settlement rules governing participation in SAMOS (the Blue Book).
• Conduct investigations into matters relating to possible non-compliance with settlement rules, regulatory requirements, standards and internal domestic policies and ensure that corrective action is implemented by the responsible stakeholder. 
• Coordinate membership in the settlement scheme, including application, registration, onboarding, contracting, participation and offboarding.
• Manage stakeholder engagements and relationships (internal and external) to support and enhance the sustainability and growth of domestic real-time gross settlement (RTGS) participation, including creating awareness of participation in domestic RTGS systems.
• Conduct activities in support of the SAMOS operator on governance requirements, including ensuring alignment with regulation.
• Coordinate commentary and inputs on changes to all regulations and submit these to the relevant stakeholder. 
• Conduct activities relating to rules management to ensure that adequate risk measures and standards are in place to safeguard the domestic RTGS operations.
• Review and align settlement/scheme rules with new products or services introduced by the SAMOS operator. 
• Stay abreast of developments to contribute to the strategy of the division and ensure the application thereof (e.g. changes to policies, rules and regulations, legislation and systems).
• Compile reports for review by management for governance, compliance, operational performance and decision-making purposes. 

Qualifications

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

• a minimum of an Honours degree in Finance, Law or Risk Management; and
• five to eight years’ experience in a banking, payments, settlement, legal, compliance and risk management environment.

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Detailed description

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

• Facilitate the implementation of personal information (PI) measures as well as privacy tools, standards and procedures for the assigned business clusters to ensure the lawful processing of PI.
• Conduct impact assessments on existing processes and new projects for the assigned business clusters to identify compliance gaps and recommend remedial actions.
• Drive the implementation of remedial actions on existing processes and new projects for the assigned business clusters.
• Identify privacy training needs and gaps and facilitate relevant training within the assigned business clusters.
• Conduct and/or oversee audits on existing and new PI processes (including high-risk third parties) in the assigned business clusters, according to the priority agreed with the Data Protection Officer.
• Analyse data and identify patterns for the assigned business clusters and provide insights and recommendations to address any compliance gaps.
• Compile privacy reports for the assigned business clusters to the departmental management committees on compliance with the Protection of Personal Information Act 4 of 2013 (POPIA).
• Ensure that any PI breaches are logged correctly by the assigned business clusters.
• Conduct the preliminary investigation in incident handling for any PI breaches, and coordinate and/or participate in problem identification, root cause analysis and recommendations to prevent future occurrences.
• Stay current with PI knowledge and skills to maintain professional expertise and relevant accreditation.
• Establish and maintain stakeholder relations (internal and external) for ensuring continued compliance with PI conditions.
• Keep abreast of industry developments and best practice and ensure the application thereof within own work.
• Facilitate the implementation of the third-party risk assessment framework to ensure that third-party contracts comply with PI conditions.

Job requirements

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

• a Bachelor’s degree (NQF 7) in Compliance or Law or an equivalent qualification; 
• at least five to eight years of relevant work experience in data privacy and protection programme management, audit and/or compliance, practices, processes, risk management and technologies; and 
• at least five years of regulatory experience in the banking industry.

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Detailed description

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

• Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated banks, banking groups, and related financial entities, including the operational alignment of supervisory programmes and supervisory activities.
• Provide thought leadership within the Financial Conglomerate Supervision Department of the Prudential Authority (PA) and support the relevant Financial Conglomerate Supervision Divisional Head in achieving the overall departmental strategic and operational objectives.
• Provide technical assistance and guidance to a team of analysts.
• Manage the team’s deliverables, including team member work plans, resource allocation and workload management, team processes and systems, and change and innovation initiatives in the team.
• Manage the team members’ performance and the team’s overall performance.
• Manage talent in the team, including the learning and development of team members, and team member retention and succession planning.
• Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank (SARB), and ensure compliance with PA-specific procedural policies and guidelines.
• Contribute to special projects in the PA.

Qualifications

Job requirements

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

• a postgraduate degree in, Accounting, Banking, Economics, Finance, Insurance or any other relevant field;
• at least eight years’ experience in the financial services or financial regulatory sector; and
• at least two years’ proven experience in managing a team.