Vacancies at South African Reserve Bank

The main purpose of this position is to partner with client departments to identify skills needs and to design and implement fit-for-purpose learning interventions for staff members and teams in the South African Reserve Bank Group (SARB Group). This is in order to enhance the impact on business performance and to generate useable knowledge and research for central bank learning and development.  

Detailed description

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

• Contribute towards the SARB Group learning and development strategy formulation and implementation.
• Identify and interpret client skills needs and design, and develop relevant and fit-for-purpose learning interventions through strong partnerships.
• Research and design curricula on topics related to economic research, statistics, financial stability and/or financial markets as well as other generic learning and development needs.
• Engage academic and other learning providers and build strategic partnerships in the service of the best learning solutions for the SARB Group.
• Evaluate programme quality and impact.
• Compile integrated reports and provide recommendations for continual improvement of learning solutions.
• Establish, maintain and promote working relationships with designated individuals from the SARB departments.
• Serve as a learning facilitator/integrator during learning interventions, as and when required.

Job requirements

To be considered for this position, candidates must have:

• an Honours’ degree in Education, Economics, Finance, Banking or a related field; and
• five to eight years’ experience in academia, learning and development, education management or instructional design and facilitation.

Additional requirements include:

• an understanding of central banking;
• three to five years’ experience in an economics environment or a financial sector;
• a thorough understanding of the learning and development value chain;
• strong knowledge of corporate training/learning within an organisation;
• industry, organisational and business awareness knowledge and skill;       
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;      
• continued learning and/or professional development knowledge and skill;
• learning design and curriculum development; and
• learning methodologies.

Additional details

• Career path: Functional Contributor (FC)
• Level: FC3 - Pro
• Enquiries relating to this position may be directed to Ms Mmathema Matle in the SARB Academy at telephone number 012 313 3581 or the following email address: [email protected]
• This position will be advertised internally and externally.

How to apply

• All interested parties are invited to apply. Do not apply on LinkedIn.
• Please note that internal applicants MUST apply through the ERP system.
• External applicants must apply online, via www.resbank.co.za.
• All available vacancies will be visible.
• Follow these links: Careers@SARB > Current vacancies (register and apply online).
• To log in (right-hand side of the screen):      
• Is this your first visit to our Job Site? > Register today (ensure that you include all your qualifications and skills during the registration process); OR
• Already registered on our Job Site? > Already registered? > Login here.
• Date posted > Last 6 weeks (in the dropdown menu)
• Select the appropriate IRC number to view the full advertisement.
• Do not enclose copies of your identity document or qualifications with your application.
• Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.
• The closing date for applications is 31 January 2020. Late applications will not be considered.
• In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
• The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.

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Brief Description        

• The main purpose of this position is to manage the building operations of the Cape Town Cash Centre of the South African Reserve Bank (SARB), and to ensure the hygiene and cleanliness thereof.

Detailed Description        

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

•    Manage the performance and development of the team.
•    Manage the cleaning services in the cash centre to ensure that the building is hygienically clean.
•    Coordinate and supervise the work of service providers for all utility-related services in the cash centre, the tower block and report on their performance.
•    Supervise the loading and offloading of consignments.
•    Deploy and supervise staff in the cash handling and equipment handling areas, and the stores.
•    Procure, issue and control staff uniforms and cleaning material for the cash centre.
•    Receive and issue linen and clothing to and from the laundry service providers.
•    Ensure adherence to the health and safety standards in line with statutory requirements.
•    Provide management information to the Cash Centre Building Engineer on a monthly basis for decision- making purposes.
•    Conduct housekeeping inspections at the cash centre and ensure proper remedial actions are taken on the identified areas.
•    Ensure and enforce adherence to the waste management process. 

Job Requirements        

To be considered for this position, candidates must have:

•    a minimum of a Grade 12 or an equivalent qualification;
•    two to five years’ experience in a cleaning service environment or related utilities environment;
•    experience in supervising staff; and
•    a valid driver’s licence.

The following would be an added advantage:

•    a Certificate in Facilities Management..

Additional requirements include:

•      problem-solving skills;
•      drive for results;
•      team work;
•      service and stakeholder focus;
•      planning and organising skills;
•      flexibility; and
•      computer literacy.

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Brief Description        

• The purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of life actuarial risks in insurance entities. The successful candidate will be involved in operational duties associated with on- and off-site analysis, and will be part of a team of risk specialists in the PA responsible for providing specialist knowledge, skills and experience in the life actuarial risk management area.

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

•      Provide actuarial support concerning both solo and group entities, which includes scrutinising the financial soundness of life insurers, participation in on-site visits to life insurers, and the consideration of internal model approvals.
•      Scrutinise and check the compliance of submissions by life insurers’ actuaries.
•      Assist in maintaining the statutory returns required by regulated entities.
•      Participate in projects initiated within the PA and industry forums.
•      Develop and test systems and procedures for internal use.
•      Maintain and upgrade databases.
•      Participate in and execute projects initiated within industry forums.
•      Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

Job Requirements        

To be considered for this position, candidates must:

•           have a relevant Bachelor’s degree in Actuarial Science;
•           be actively pursuing studies and ideally have passed or been exempted from at least two A-series subjects of the Actuarial Society of South Africa – credit will also be given for passes in any of the more advanced subjects; and
•           two years’ relevant working experience, preferably in the life insurance industry.

The following would be an added advantage:

•           good communication (verbal and written) skills;
•           ability to perform under pressure without compromising quality;
•           ability to work independently and within a team;
•           good interpersonal skills; and
•           proactive problem-solving skills.

Job related skills and knowledge:

•           Solvency Assessment and Management (SAM) experience;
•           computer literacy (preferably including programming skills);
•           ability to understand complex financial models; and
•           ability to deal professionally with internal and external clients.

Additional requirements are as follows:

•           knowledge of the Insurance Act 18 of 2017;
•           knowledge of the prudential standards;
•           knowledge of the risks that insurers take; and
•           reliable own transport as the position requires travel between the PA’s offices in Pretoria and the offices of supervised entities that are generally outside of Pretoria.

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    The main purpose of this position is to manage information management capabilities in order to provide an integrated view of the information management landscape to improve the information management maturity levels within the South African Reserve Bank (SARB) Group, and to support reliable and effective decision-making.

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

•          Support the business in the implementation of the various data management disciplines (i.e. Reference and Master Data Management, Data Quality Management, Metadata Management, Data Modelling, and Design and Data Security).
•          Provide a consolidated and integrated view of the information landscape within the SARB Group to support different use cases.
•          Rationalise the information landscape within the SARB Group for the purpose of continuous improvement and effectiveness.
•          Oversee and manage the information life cycle and related interdisciplinary activities, from data acquisition, retention, archival and deletion.
•          Facilitate changes related to data and information, analyse the impact thereof, and coordinate the implementation of information management activities based on the changes,
•          Ensure alignment between the various data management disciplines in order to promote cross-functional cohesion in providing business value.
•          Lead and participate in engagements with stakeholders within the SARB Group and external parties to ensure service delivery.
•          Provide input into how data is stored, maintained and used in the database management implementation process.
•          Provide periodic reports, including technical reports, as well as information management reports for decision-making purposes.
•          Develop and manage stakeholder relations effectively to promote data management across the organisation and to support reliable decision-making and appropriate data usage.
•          Participate and provide technical support in cross-organisation activities relating to any of the above- mentioned data management activities.

Job Requirements        
To be considered for this position, candidates must have:

•          a Bachelor’s degree in Informatics or related fields such as Management Information Systems, Computer Science and Computer Engineering, or an equivalent qualification; and
•          five to eight years’ experience in the field of data management.

The following would be an added advantage:

•          an Honours or Master’s degree in Economics, Finance or a related field, or an equivalent combination of education and job-related experience.

Additional requirements include:

•         extensive knowledge of best practices/methodologies in data warehousing and multi-dimensional data analytics (e.g. OLAP, such as ESSBASE or MicroSoft analysis services), systems design and management;
•         extensive knowledge of the most common RDBMS technologies (e.g. Oracle, IBM, SQL Server and MySQL);
•           experience in deploying and managing big data environments (e.g. Hadoop, Spark and NoSQL);
•           knowledge of database querying languages (e.g. SQL);
•           experience with a variety of programming languages, including but not limited to R and Python;
•         experience with development using a broad variety of integration techniques, patterns, tools and methodologies; and
•           experience in all the data management disciplines.

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The purpose of this position is to develop policies relating to the deposit insurance scheme to enable the proposed Corporation for Deposit Insurance (CoDI) to carry out its mandate.

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

•     Conduct research in support of policy development, including the identification of areas of improvement and compliance with international standards.
•     Participate in industry consultation, and assist with drafting reports, discussion papers and standards.
•     Assist with the drafting of proposals for deposit insurance coverage.
•     Assist with the design of policy processes to contribute to information technology requirements.
•     Support the testing of the deposit insurance systems and the review of deposit insurance submissions from banks.
•     Assist with the development of a methodology to assess the adequacy of the level and structure of funding of the deposit insurance scheme.
•     Support the development of a framework for the establishment and selection of appropriate payout mechanisms for different kinds of banks.
•     Support the preparations for, and execution of, payout in the event of a bank failure.
•     Support the drafting and finalising of reports on the activities and functions of CoDI.
•     Cooperate with the Operations Division on determining the operational impact of policy proposals.
•     Cooperate with the Resolution Planning Division in the Financial Stability Department, the Prudential Authority, the Financial Sector Conduct Authority and the National Treasury on matters relating to the functions and responsibilities of CoDI.
•     Ensure compliance with the legislative and regulatory requirements of the South African Reserve Bank (SARB) and CoDI.
•    Assist with the content for public awareness initiatives, and respond to queries and surveys.

Job Requirements        

To be considered for this position, candidates must have:

•     a minimum of a postgraduate qualification in Banking, Economics, Accounting, Finance or Law; and
•     a minimum of five to eight years’ experience in the banking, banking supervision or payment systems environment.

Additional requirements include:

•     an understanding of the banking sector or similar environment;
•     knowledge of regulatory frameworks and international standards;
•     facilitation and presentation skills;
•     strong interpersonal, verbal and written communication skills; and
•    proficient in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

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The main purpose of this position is to contribute towards the development and implementation of stress-testing frameworks to promote robustness and stability in the financial system. This includes advising policymakers on the soundness of the financial institutions and market infrastructures under stress scenarios.

Detailed Description        

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

•     Develop and implement top-down and bottom-up stress-testing frameworks (methodologies, processes, models, etc.).
•     Conduct and report on stress-testing exercises in the financial system in order to provide advice to policymakers.  
•     Analyse and reconcile new data with historical trends and other relevant data and sources.
•     Conduct research to inform the assumptions and relationships that underpin economic and other models.
•     Continually develop models, run short-term simulation exercises, and analyse and explain model results.
•     Compile thorough, comprehensive and descriptive reports.
•     Demonstrate an understanding and application of all methodological standards, techniques and protocols that apply to own work.
•     Prepare briefings and presentations on stress-test results, research findings and economic analysis, and present to internal and external stakeholders.
•     Support the skills development of junior specialists by providing guidance on the subject matter in own scope of work.

Job Requirements        
To be considered for this position, candidates must have:

•     an Honours degree in Economics, Finance, Statistics or an equivalent qualification; and
•     at least five years’ job-related experience with a strong background in Economics or Econometrics.

The following would be an advantage:

•     a Master’s degree in Economics or a related field; and
•     a background in either stress testing or macroeconomic/microeconomic modelling.

Additional requirements include:

•     sound knowledge of economic and financial theories as well as macroprudential policies;
•     an understanding of stress testing of the banking/insurance sectors or a similar environment;
•     knowledge of the insurance and banking regulatory frameworks and international standards;
•     experience with macroeconomic and/or microeconomic modelling;
•     proven facilitation and presentation skills;
•     excellent interpersonal, verbal and written communication skills; and
•     proficiency in the use of financial/economic modelling packages and Microsoft Office products.

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The main purpose of this position is to assist in the development and implementation of stress testing frameworks in order to promote the robustness and stability of the financial system. This includes advising policymakers of the soundness of the financial institutions and market infrastructures under stress scenarios.
Detailed Description        

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

•     Assist with the development and implementation of the top-down and bottom-up stress testing frameworks (methodologies, processes, models, etc.).
•     Support the conducting and reporting of stress-testing exercises in the financial system in order to provide advice to policymakers.  
•     Support the senior macroprudential specialists in coordinating and analysing the results of the stress-testing exercise with relevant stakeholders.
•     Analyse and reconcile new data with historical trends and other relevant data and sources.
•     Conduct research to inform the assumptions and relationships that underpin economic and other models.
•     Assist with the building of simple models, running of short-term simulation exercises, and analysing and explaining model results.
•     Compile thorough, comprehensive and descriptive reports.
•     Demonstrate understanding and application of all methodological standards, techniques and protocols that apply to own work.
•     Prepare briefings and presentations on research findings and economic analysis and present to internal team.
•     Support skills development of junior specialists by providing guidance on the subject matter in own scope of work.

Job Requirements        
To be considered for this position, candidates must have:

•     a Bachelors’ degree in Economics, Finance, Statistics or an equivalent qualification; and
•     two to five years’ job-related experience with a strong background in Economics or Econometrics.

Additional requirements include:

•     knowledge of economic and financial theories as well as macroprudential policies;
•     an understanding of stress testing of the banking/insurance sectors or similar environment;
•     knowledge of regulatory frameworks and international standards;
•     experience with macroeconomic and/or microeconomic modelling;
•     facilitation and presentation skills;
•     strong interpersonal, verbal and written communication skills; and
•     proficiency in Microsoft (MS) Office products such as MS Word, Excel and PowerPoint