Open Positions at South African Reserve Bank

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

• Drive the implementation of the Business Analysis Competency Centre (BACC) strategy and roadmap to ensure an alignment to best practice methodologies.
• Provide management information for decision-making in relation to the BACC maturity targets.
• Develop and drive the implementation of an enterprise-wide BACC maturity roadmap and conduct ongoing assessments.
• Develop, implement and maintain an effective BACC operating model that defines the frameworks, standards, toolsets and methods governing the business analysis (BA) practice in the SARB.
• Coordinate and facilitate collaboration between cross-functional BA teams and other stakeholders to assess and ensure uniformity and compliance.
• Collaborate with the business relationship management (BRM) process to drive the centralised capacity management and central BA sourcing model to manage demand and supply.
• Provide budget forecasts for capital and operational expenditure of the BACC and manage variances thereof.
• Participate in governance forums and other relevant bodies such as the International Institute of Business Analysis (IIBA) to keep abreast of and contribute to advancements in the industry.
• Ensure that the BACC comply with the SARB’s legislative and regulatory requirements to mitigate risks.
• Define the business analysis development paths and requirements as well as oversee the implementation and compliance thereto.

Qualifications

Job requirements

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

• a minimum of an Honours degree in Business Administration, Computer Science, or an equivalent combination of education and job-related experience; and
• a minimum of 8–10 years’ experience in BA.

Additional requirements include:

• knowledge and skills in
• industry, business and organisational awareness;
• quality assurance;
• continuous improvement; and
• continued learning/professional development;
• business analysis planning and monitoring;
• enterprise analysis;
• business domain expertise;
• requirement analysis;
• solution assessment and validation;
• requirement management and communication;
• project management;
• Enterprise Resource Planning (ERP) systems;
• human resources policies and procedures;
• conceptual thinking;
• developing and growing others;
• service and stakeholder focus;
• effective communication;
• building and maintaining relationships;
• impact and influence;
• interpersonal sensitivity;
• analysing and problem-solving;
• planning and organising;
• judgement and decision-making;
• strategic thinking;
• managing complexity and ambiguity; and
• innovation and creativity.

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Detailed description

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

• Finalise and authorise reports emanating from transaction data analyses and provide regular status updates.
• Engage with internal and external stakeholders regarding system requirements, the testing and certification of systems, correspondence, on-site visits and reporting exceptions. 
• Propose and implement actions to refine and continually improve tools, methods and processes in the functional area. 
• Lead the annual inspections planning process to ensure focus on high-risk areas. 
• Provide training on accepted inspection procedures, contributing to the professional development of team members.
• Act as a team leader and coach by allocating work as well as coordinating and guiding the delivery and execution of inspections of reporting entities, ensuring that their systems and reporting of cross-border transactions comply with the currency and exchanges manuals. 
• Ensure that work is completed within established inspection best practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Proactively broaden knowledge and keep abreast of changes in technology, policies and regulations in the functional area, and ensure adherence to these standards.
• Provide input into the evaluation of team members’ performance and development needs. 

Qualifications

Job requirements

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

• a Bachelor’s degree in Computer Science, Informatics, Information Systems, Information Technology (IT) Auditing or an equivalent NQF7 qualification; and 
• at least five to eight years’ relevant experience performing general IT control reviews, IT security reviews and/or IT governance and data analysis, preferably in the financial sector environment.

The following would be an added advantage: 

• a Certified Information Systems Audit (CISA) certification or an equivalent certification.

Additional requirements include:

• knowledge of:
• the reporting system operations manual; 
• risk management and compliance practices and standards;
• the Control Objectives for Information Technologies (COBIT) and Committee of Sponsoring Organizations (COSO) frameworks; 
• business continuity planning and skill;
• knowledge of and experience in exchange control legislation, governance, risk management and compliance;
• competence in Microsoft (MS) Office packages (e.g. MS Excel, MS Word and MS PowerPoint);
• verbal and written communication (including presentation and report writing) skills;
• planning and organisational skills;
• a learning focus;
• a drive for results; and
• impact and influence.

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Job Description

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

• Prepare reconciliations.
• Improve current accounting and financial management processes and controls.
• Document critical processes in the Financial Planning and Analysis Division.
• Prepare journals relating to prepayments, accruals and so forth.
• Prepare and analyse monthly financial budget performance results.
• Assist SARB departments in annual budget preparations.
• Provide input on the preparation of financial statements.
• Assist in the resolution of audit findings.
• Assist finance business partners with other requests, projects and responsibilities that may arise.

Qualifications

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

• a Chartered Accountant (South Africa) (CA (SA)) qualification; and
• at least one year of post-articles experience.

Additional requirements include:

• industry, organisational and business awareness knowledge and skill;
• corporate governance knowledge and skill; 
• skills in:
• quality assurance;
• financial management;
• project management;
• people management;
• effective communication;
• judgement and decision-making;
• analysis and problem-solving;
• building and maintaining relationships;
• impact and influence;
• leading change;
• a drive for results;
• continuous learning and/or professional development;
• managing complexity and ambiguity;
• proficiency in Microsoft applications.

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Detailed description

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

• Assess and understand the strategy and business model of the bank.
• Analyse and form a supervisory view of the risks facing the bank and the impact thereof on its risk profile.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by the bank and compare it against industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on the bank’s risk profile.
• Identify and monitor emerging risks to the banking sector in general and the bank in particular.
• Assess compliance with the Banks Act 94 of 1990, Co-operative Banks Act 40 of 2007, Mutual Banks Act 124 of 1993 and the Regulations relating to Banks.
• Prepare detailed reports based on the outcome of the analysis performed.
• Prepare detailed formal feedback to banks following on-site reviews and meetings held with banks’ management, executives and board members.
• Plan, arrange, prepare for and conduct meetings.
• Present the outcome of ongoing analyses and supervisory assessments to representatives of the bank. 
• Maintain permanent electronic records in respect of the bank.
• Undertake ad hoc projects as assigned by management.
• Undertake frequent, often high-level liaison with the bank and other interest groups, such as the external auditors of the bank. 

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a Postgraduate qualification (NQF 8)  in Commerce, Economics, Finance, Compliance Management, Risk Management, or Accounting; 
• five to eight years’ experience in the banking sector, finance sector, regulatory sector, or risk management environment; and
• a chartered accountant CA(SA) or Associate General Accountant AGA (SA) qualification would be an added advantage.

Additional requirements include:

• knowledge and understanding of:
• financial reporting standards;
• business protocol;
• business models applied by banks and the financial and operating environment of banks;
• relevant risk management standards and practices;
• legislation relating to banks;
• the banking system, financial and banking products, regulations and risk models;
• the Basel Committee on Banking Supervision’s (BCBS) capital framework and the Basel Core Principles at a theoretical level;
• prudential supervision and the supervisory framework applied in South Africa; and
• key issues facing banks;
• skills in analysing the business of banks;
• innovative problem-solving skills;
• strong analytical, verbal and writing skills and proficiency in verbal and written communication; and
• good interpersonal skills.

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

• Exercise supervisory oversight of designated mutual banks, co-operative banks and co-operative financial institutions (CFIs).
• Analyse and assess the strategies and business models as well as business portfolios of CFIs.
• Analyse and form a supervisory view of the risks banks are facing and the impact thereof on their risk profiles.
• Analyse and assess the adequacy and appropriateness of business and risk management practices applied by banks as well as the alignment thereof with industry best practices.
• Analyse and assess the evolving economic and operating environment and the impact thereof on CFIs’ risk profiles. 
• Identify and monitor emerging risks and the potential impact thereof on the co-operative banking sector and CFIs, in particular.
• Develop and apply analytical methods to analyse and interpret risk-based regulatory data submissions.
• Assess compliance with the Banks Act 94 of 1990 (Banks Act), the Financial Sector Regulation Act 9 of 2017 (FSR Act), the Mutual Banks Act 124 of 1993 (Mutual Banks Act), the Co-operative Banks Act 40 of 2007 (CBA), the Co-operatives Act 14 of 2005 and Prudential Standard TCFI-01.
• Prepare detailed reports based on the outcome of analyses performed.
• Plan, arrange, prepare for and conduct on-site reviews and prudential meetings with banks’ management, executives, boards and board subcommittees.
• Prepare detailed formal feedback to banks following on-site reviews and prudential meetings held with banks’ management, executives, boards and board subcommittees.
• Present the outcome of ongoing analysis and supervisory assessments to senior management of the Prudential Authority and representatives of CFIs.
• Maintain permanent electronic records in respect of banks.
• Manage correspondence pertaining to CFIs.
• Undertake ad hoc projects as assigned by management.

Qualifications

Job requirements

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

• a postgraduate degree (NQF 8) in Accounting, Banking, Economics, Finance, Risk Management or a relevant equivalent qualification; and 
• up to two years’ relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

• being innovative and accountable;
• possessing problem-solving and analytical skills;
• displaying financial and business acumen;
• paying attention to detail;
• having excellent verbal and written communication skills and proficiency in verbal and written communication; 
• being able to effectively and efficiently manage time; 
• having proven ability to influence, build and maintain relationships;
• having a good working knowledge of the Microsoft Office suite (Word, Excel and PowerPoint) and other related software packages;
• being conversant in the CBA, FSR Act and related standards and regulations;
• having knowledge of prudential supervision and the supervisory framework applied in South Africa;
• having knowledge of basic risk management standards and practices applied by banks and banking groups;
• understanding key issues and risks banks and banking groups face;
• possessing an in-depth knowledge of the business of banks;
• understanding the business models applied by and the financial and operating environment of banks; and
• knowing and understanding 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:

• Drive industry collaboration in ensuring cybersecurity resilience by supporting legislation, setting up structures where appropriate or participating within national structures under the Financial Sector Regulation Act 9 of 2017 and National Cybersecurity Policy Framework (e.g. the Financial Sector Contingency Forum, Financial Sector Cyber Resilience Subcommittee, Cyber/Computer Security Incident Response Teams (CSIRTs), Cyber Response Committee and National Consumer Commission).
• Drive regional and international collaboration on cybersecurity and cyber-resilience by leading and contributing to existing and new structures (e.g. the Cyber Working Group under the Committee of Central Bank Governors in the Southern African Development Community, BRICS Rapid Information Security Channel, International Monetary Fund Cyber Resilience Centre, and cyber working groups under the Bank for International Settlements).
• Coordinate areas of the South African Reserve Bank (SARB) involved in cybersecurity (e.g. the Prudential Authority, Financial Stability Department, Business Solutions and Technology Department and National Payment System Department) in ensuring the SARB Group's participation, alignment and support of sectoral, national, regional and international efforts.
• Position the SARB Group as a leader in financial sector collaboration and information-sharing to promote cyber-resilience.
• Develop, maintain and update the SARB Group Cyber Resilience Framework in line with collaboration efforts.
• Develop, oversee the implementation of, and ensure compliance with the SARB Group's Cyber Security Responsible Disclosure Policy.
• Ensure the SARB Group drives and capacitates national and regional sector CSIRTs and supports international response efforts. 
• Ensure appropriate state agency involvement when dealing with incidents as part of the National Incident Management Centre structure.

Qualifications

Job requirements

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

• a minimum of an Honours degree (NQF 8) in Cybersecurity, Information Security, Information Technology or an equivalent qualification;
• advanced security certifications that are not product-, security area- or technology-specific (e.g. CISSP, CISM or CEH); and 
• at least eight to 10 years’ experience in cybersecurity management. 

Additional requirements include:

• knowledge and skill in:
• cybersecurity governance; 
• cybersecurity incident and threat management;
• risk management; 
• emergency/contingency management;
• general management;
• business continuity management;
• effective communication skills;
• conceptual thinking skills;
• planning and giving advice;
• building and maintaining relationships; 
• impact and influence;
• a drive for results;
• negotiation skills;
• managing complexity and ambiguity;
• judgements and decision-making skills;
• interpersonal sensitivity;  
• knowledge of the relevant legislation; and
• advanced computer literacy skills.

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

• Collect, compile and analyse public sector statistics.
• Check the accuracy of data received, validate source data and liaise frequently with respondents.
• Analyse financial statements in the prescribed format.
• Enhance and maintain the statistical database.
• Analyse data and statistics using business intelligence tools to identify trends and present analytical findings in written reports, including graphs and tables.
• Provide internal and external statistical information. 
• Apply methodological standards to ensure adherence to international best practices.
• Assist with presentations as well as general administrative and ad-hoc tasks required by the unit.

Qualifications

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

• an Honour’s degree in Accounting, Economics, Statistics or an equivalent qualification; and
• two years’ experience in the field of economic analysis and/or financial economics or accounting.