Trending Vacancies at South African Reserve Bank

Brief description

• The main purpose of this position is to conduct foreign exchange transactions and manage the foreign exchange working capital of the South African Reserve Bank (SARB). Furthermore, the incumbent will be expected to assist in gathering of market intelligence and to provide analysis and interpretation of foreign exchange developments with the objective of providing input towards various internal publications and presentations for Monetary Policy Committee (MPC) and Financial Stability Committee (FSC) meetings.

Detailed description

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

• Conduct and process foreign exchange transactions (spot, forward and swap transactions) on behalf of the SARB.
• Invest funds in global money markets and process these transactions.
• Evaluate risks of all transactions against applicable risk tolerance prior to execution.
• Quote exchange rates for the SARB clients.
• Monitor developments in the foreign exchange markets (on-the-desk monitoring) and produce regular market reports and contribute towards market intelligence.
• Conduct quantitative and qualitative analysis on foreign exchange markets, including operations.
• Build relationships with market counterparts in order to gather market information.
• 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.
• Make proposals towards the improvement of workflows and the application of processes or standard operating procedures and systems. 
• Prepare briefings and presentations on operations and market analysis, and present in internal meetings. 

QUALIFICATIONS

To be considered for this position, candidates must have: 

• an Honours degree (NQF8) in Economics, Investment Management or Financial Management as a major subject or an equivalent qualification; and 
• at least three to five years’ work experience in foreign exchange trading, financial market analysis, and money and capital markets trading. 

Additional requirements include:

• an ACI Dealing Certificate and Registered Persons Examination (will be a strong recommendation);
• sound knowledge of financial markets;
• experience in producing high-frequency market analysis reports (daily, weekly and monthly reports);
• be a self-driven team player with initiative, and analytical and conceptual abilities;
• be proficient in English, both written and spoken;
• report-writing and presentation skills;
• show willingness to work irregular hours on an ad hoc basis;
• be proficient in the Microsoft (MS) Office suit, with a thorough knowledge of MS Excel; and 
• knowledge of Bloomberg and Reuters.

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Brief description

• The main purpose of this position is to coordinate and execute South African Reserve Bank (SARB) events in line with policies, best practices, protocols, norms and standards.

Detailed description

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

• Contribute to the planning, prioritisation and organisation of SARB events.
• Provide guidance, advice and recommendations relating to events planning to client departments.
• Deliver high-quality, professional events through expeditious planning and execution. 
• Liaise with stakeholders to establish the purpose, scope and expected outcome of all events, campaigns and visits. 
• Conduct site visits and recommend venues for events.
• Plan and coordinate all event logistics in line with checklists (i.e. venue set-up, invitee lists, invitations, catering, audio-visual, supplier deliveries, décor, talent bookings, etc.) and approved budgets. 
• Develop and maintain a stakeholder database to source individuals and vendors easily and efficiently. 
• Compile pre- and post-event evaluation insights.
• Contribute to the improvement of processes and practices that pertain to event planning.

QUALIFICATIONS

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

• a minimum of a Diploma at (NQF 6) in Events Management; Hospitality Management, Public Relations, Tourism or an equivalent qualification.

Additional requirements include knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• hospitality services planning;
• hospitality services programming;
• hospitality services legislation and governance, risk and compliance;
• health and safety;
• hospitality service delivery;
• events management;
• hospitality stock and inventory management; and
• contract and supplier performance management.

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Brief description

• The main purpose of this position is to conduct macroprudential research and collect, compile and verify statistical data to enhance the assessment of vulnerabilities in both the domestic and global macroeconomic environments and financial markets to support recommendations for macroprudential policy actions.

Detailed description

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

• Identify, analyse and monitor financial stability indicators used for the assessment of financial stability vulnerabilities based on international best practice. 
• Maintain a comprehensive, updated and accurate database used for analyses that get presented to the Financial Stability Committee and/or published in the Financial Stability Review.
• Analyse and reconcile new data with historical trends and other relevant data and information sources.
• Conduct research in financial stability-related issues to understand the transmission channels through which vulnerabilities in other sectors of the economy can impact the stability of the South African financial system.
• Assist with developing econometric models that quantitatively assess the financial stability implications of developments in the macroeconomic environment.
• Stay abreast of new thinking and the latest developments in the global financial stability arena. 
• Prepare briefing notes, compile comprehensive research findings and presentations on research findings and present them to both internal and external stakeholders. 
• Accompany more senior colleagues to engagements with both internal and external stakeholders.
• Support and encourage skills development of junior specialists. 
• Perform ad hoc duties which include participation in research projects, the completion of surveys and/or questionnaires from regional and international organisations.

QUALIFICATIONS

To be considered for this position, candidates must: 

• have a minimum of an Honours degree in Economics, Banking, Finance, Econometrics or a related field or an equivalent qualification;
• have a minimum of two to five years’ job-related experience with a strong background in macroeconomics and/or financial markets;
• be proficient in the use of quantitative methods of analysis; and   
• have knowledge of macroprudential theory and policies.

Additional requirements include: 

• knowledge of the South African financial system and the regulatory environment; 
• economic and/or financial market research knowledge and skills;
• proven facilitation and presentation skills;
• experience in project management and risk management;
• excellent interpersonal, verbal and written communication skills; and
• proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

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Brief description

• The main purpose of this position is to assist the Senior Finance Business Partners in the Financial Services Department at the South African Reserve Bank (SARB) in delivering financial insights, knowledge and expertise to other departments of the SARB in order to ensure commercially sound decision making.

Detailed description

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

• Engage in short-term planning and perform tasks against work plans as defined in conjunction with the supervisor.
• Perform work independently within established practices as well as given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Identify, evaluate and solve defined, routine and new problems within a familiar context.
• Perform general budgeting duties, including the compilation and consolidation of the annual SARB budget as well as tracking and reporting the SARB’s performance against the approved budget. 
• Assist with financial modelling and insights to help streamline the current budgeting process. 
• Perform general accounting duties and reconciliation in accordance with accounting and SARB polices, relevant accounting and banking standards, and Acts.
• Prepare and provide information related to transactions with a defined context to relevant stakeholders. 
• Engage with relevant stakeholders/clients within the SARB, displaying service orientation in own work and the ability to handle basic queries and explain information fluently.
• Proactively broaden knowledge of own functional area, displaying a willingness to make improvements in own work (including work methods and practices).
• Evaluate own performance against given criteria, and identify and address task-specific learning needs.

QUALIFICATIONS

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

• the minimum of a Bachelor’s degree/Advanced Diploma in Accounting (NQF 7) or an equivalent qualification; and
• the minimum of two years of experience in a financial services environment.

The following would be an added advantage:

• being a newly qualified Chartered Accountant.

Additional requirements include:

Knowledge of and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continued learning and/or professional development; 
• financial modelling;
• financial reconciliation; and
• budgeting;
• conceptual thinking;
• effective communication;
• flexibility; 
• a drive for results;
• a learning focus;
• the ability to work in a team;
• a service and stakeholder focus;
• the ability to build and maintain relationships;
• judgement and decision making;
• impact and influence;
• analytical skills and problem solving;
• resilience; and
• the ability to manage complex issues.

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Brief description

• The main purpose of this position is to provide comprehensive and effective legal support to the South African Reserve Bank (SARB) and its subsidiaries (collectively called the “SARB Group”) in the field of commercial law, ranging from facilities agreements, information technology, professional services contracts for training programs, fixed term contracts, learnerships to dispute resolution.  The role will have a specific focus on infrastructure and facilities (waterproofing, waste management), installations (supply and installation of equipment, power and water supply, minor building works and maintenance) as well as technology matters (software licenses, maintenance and support, professional services) and general legal assistance to the Procurement Division. 

Detailed description

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

• Negotiate, draft and vet various commercial contracts.
• Identify, address and manage potential legal risks within the SARB Group.
• Steer legal processes for internal clients on fairly complex legal challenges and disputes affecting their operations. 
• Conduct research into a wide range of matters relating to commercial, procurement and disputes.
• Take responsibility for addressing issues pertaining to relevant legislation applicable to the SARB Group.
• Review and draft policies, procedures and guidelines for the SARB Group.
• Establish processes to enhance efficiencies within the SARB Group.
• Provide legal advice and opinions.
• Represent the LSD and SARB Group on internal committees, workgroups and/or forums.
• Build and maintain relationships with internal and external stakeholders. 

QUALIFICATIONS

Job requirements

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

• at least an LLB degree or an equivalent appropriate legal qualification; 
• be an admitted attorney, advocate or be a corporate lawyer within a reputable legal practice or within a reputable corporate; and
• at least 5 - 7 years of experience as a practising attorney, advocate or in-house legal counsel / corporate lawyer.

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Brief description

• The main purpose of this position is to provide leadership to the Applications (Transactional Systems) Division of the Business Solutions and Technology Department (BSTD), overseeing the coordination of resources in the delivery of new information technology (IT) solutions, maintenance and the support of existing solutions for a designated area.

Detailed description

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

• Develop, maintain and communicate strategy-aligned functional plans, policies and procedures, systems for approval and performance expectations for the division.
• Ensure an alignment with defined architectures and information governance policies and standards, and contribute towards the renewal of such architectures, policies and standards, where appropriate.
• Foster the culture of innovation within the division, ensuring improved methods of delivery and maturity of processes.
• Be accountable for the effective and efficient delivery of solutions and the maintenance and support of such solutions deployed based on agreed objectives and targets.
• Mature the functions as centres of excellence.
• Ensure the management of identified risks and audit findings and implement mitigation actions within the agreed timelines.
• Prioritise work, manage resource utilisation and the quality of deliverables, and control costs to ensure an alignment with related functions and the organisational value chain.
• Manage stakeholder and service provider relationships for the effective delivery of services.
• Create a performance culture in the division, define performance expectations and conduct effective performance management of direct reports.
• Drive priority development for employees, promoting career management and the application of newly acquired knowledge and skills.

QUALIFICATIONS

Job requirements

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

• an Honour’s degree (NQF 8) or an equivalent qualification; 
• experience in an IT technical environment, with the emphasis on payment systems (domestic and cross-border), treasury management systems, banking systems, regulatory financial reporting systems and financial messaging systems (SWIFT);
• 10–12 years’ experience in an IT environment; and 
• a minimum of five years’ experience in general management.

Additional requirements include:

• industry, organisational and business awareness;
• experience in the financial and banking industry;
• experience in the management of service providers;
• experience in leading change;
• managing complexity and ambiguity;
• have a high degree of self-motivation and drive;
• an ability to work after hours, when necessary; and 
• skills in:
• strategic alignment; 
• project management;
• strategic and conceptual thinking;
• problem-solving and analytical thinking;
• innovation and creativity;
• judgement and decision-making;
• leadership;
• negotiation;
• interpersonal relationships and communication (verbal and written); and
• presentation.

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Brief description

• The main purpose of this position is to support the Cyber and Information Security Unit (CISU) Head in driving and maturing cyber and information security within the South African Reserve Bank (SARB) Group as well as to coordinate the reporting, governance and budgeting functions.

Detailed description

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

• Support the divisional budgeting process by anticipating requirements, ensuring overall coordination and submission of information for budget preparation; scheduling expenditures; monitoring costs and analysing variances.
• Work closely with the CISU Head in representing the CISU or providing needed support across operational committees, forums and meetings as appropriate.
• Liaise with the various units across the SARB Group in support of the Privacy, Cyber and Information Security (PCIS) Committee functioning, including follow up on matters arising, providing agendas, evaluating effectiveness and providing input into required structure and coverage of meetings.
• Coordinate the required activities of the CISU with the various SARB Group governance and risk functions.
• Drive CISU procurement activities through liaising with subject matter experts and the SARB Group procurement function in order to ensure appropriate solution provision and contracting aligned with the CISU strategy.
• Analyse, interpret, integrate and effectively distribute CISU reporting in order to meet management information requirements.
• Engage with stakeholders across the SARB Group at different levels of seniority, displaying the ability to solicit information as well as convey and explain information fluently.

QUALIFICATIONS

Job requirements

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

• a Bachelor’s degree (NQF 7) in Security, Information Technology or an equivalent qualification; 
• Certified Information Systems Security Professional (CISSP) or Certified Information Security Manager (CISM); and
• seven to nine years’ experience in a security management environment, with two years’ exposure within a cyber and information security function. 

Additional requirements include:

• leading information security best practice;
• relevant legislation;
• information technology trends;
• service and stakeholder focus;
• effective communication;
• impact and influence; 
• planning and organising;
• developing and managing relationships;
• driving results;
• flexibility; and 
• judgement and decision-making.

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Brief description

• The main purpose of this position is to clean designated facility areas as well as to ensure a hygienic environment for employees and visitors of the Cape Town Cash Centre of the South African Reserve Bank (SARB). 

Detailed description

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

• Plan and perform tasks against work plans as defined by the team leader.
• Clean offices, boardrooms, the dining area, the plant room, ablution facilities and parking areas.
• Load and offload consignments.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:  

• a minimum of a Grade 12 or an equivalent qualification. 

The following would be an added advantage: 

• some experience in a service-related environment. 

Additional requirements include:

• quality assurance;
• team work; and
• flexibility.