Vacancies at South African Reserve Bank

Brief description

• The main purpose of this position is to take responsibility for the design, development, sourcing, administration and implementation of digital learning solutions in support of the digital learning strategy within the South African Reserve Bank (SARB) Academy through the various digital engagement platforms available.

Detailed description

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

• Define own deliverables and prioritise the delivery of the agreed outputs with guidance from the Digital Learning Manager.
• Design instructionally sound learning content.
• Integrate the entire digital learning value chain in line with the SARB’s learning and development strategy by ensuring that any learning design gaps are addressed using technology-enabled platforms.
• Integrate classroom-based and digital learning methodologies to ensure a blended approach to learning and development, and enhance the learning process in support of digital transformation and the ever-evolving ways of work.
• Design and integrate learning solutions that support hybrid ways of work.
• Design, develop and review digital learning content to enhance the SARB’s overall competence.
• Conduct an impact assessment process comprising of post-learning and -project assessment.
• Engage with vendors and other external stakeholders to ensure accurate content design and creation in accordance with internal standards, policies, service level agreements and specifications.
• Plan and manage all digital learning projects, and improve the design and development of digital solutions in order to ensure that the SARB derives maximum value.
• Take responsibility for ongoing quality assurance of digital learning content against relevant standards, policies, procedures and compliance with applicable subject matter experts.
• Apply and facilitate change management strategies in order to increase the levels of buy-in and understanding.
• Provide mentorship and on-the-job coaching within the SARB Group in order to develop the required digital learning skills set.
• Keep abreast with industry practices in order to provide informed and up-to-date guidance on new digital learning content, methodologies, technologies and capabilities, and drive their adoption by the SARB.
• Oversee technology enablement within the SARB, including assisting in maintaining the intranet and Internet sites, being the custodian for online assessments, and monitoring technology-enabled platforms for consistent functionality.

Job requirements

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

• at least a Bachelor’s degree (NQF level 7) in Learning and Development, Information Technology, Computer Science or Multimedia Technology, or an equivalent qualification; and
• at least 5–8 years of experience in an e-learning and/or technology-enabled learning environment.

Additional requirements include:

• knowledge of instructional design;
• strong technical skills, including multi-mode instructional design skills;
• sound knowledge of learning management systems;
• sound knowledge of learning and development software/digital platforms; 
• e-learning content development (animation/video creation);
• industry, organisational and business awareness, knowledge and skills;
• quality assurance knowledge and skills;
• continuous improvement knowledge and skills; 
• continued learning and/or professional development knowledge and skills;
• resource planning and development knowledge and skills;
• business engagement management knowledge and skills;
• stakeholder management knowledge and skills; 
• e-learning delivery knowledge and skills; and
• proficiency in e-learning authoring tools, including (but not limited to) Articulate 360, Vyond and the Adobe Creative Cloud.

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Brief description

• The main purpose of this position is to manage, govern and analyse the data ecosystem, ensuring comprehensive insights and driving data rationalisation to enable informed and effective decision-making across the South African Reserve Bank (SARB).

Detailed description

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

• Discover data by applying data discovery mechanisms to establish datasets within the context of the business value drivers, processes and data products across the SARB.
• Identify the data profiles of discovered datasets to determine completeness and compliance, and to support inventory management.
• Implement standards, guidelines, processes and procedures for data analysis within the SARB.
• Establish relationships between data elements and assess their impact on the business. 
• Conduct data analysis to determine various categories of data and information.
• Apply data valuation techniques to determine the importance of the data to the business and the likelihood of reuse.
• Generate regular reports, deliver actionable insights and provide timely status updates and information to support the management of data domains.
• Develop and manage stakeholder relations effectively to promote data management across the organisation and support reliable decision-making and appropriate data usage.
• Provide inputs, such as legislative prescripts, sensitivity classifications and access and authorisation rules, as data transitions from source to destination.

Job requirements

To be considered for this position, candidates must have:

• a Bachelor’s degree (NQF 7) in Mathematical Sciences, such as Actuarial Science, Applied Mathematics, Computer Science, Computer Engineering, Data Science, Economics, Informatics, Statistics or an equivalent qualification;
• at least five to seven years’ experience in a data analysis environment; and
• an Honour’s degree and/or a relevant data analytics certification will be an advantage.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• continuous learning and/or professional development;
• quality assurance;
• information management;
• enterprise information management (EIM) strategy;
• data quality management;
• metadata management;
• data modelling and development;
• information governance; and
• EIM legislation and governance, risk and compliance;
• best practices and methodologies in data warehousing and multi-dimensional data modelling (OLAP), including tools such as ESSBASE and Microsoft Analysis Services; and
• experience in data manipulation statistical tools such as SQL, Python, R, SPSS, Microsoft Excel, MATLAB, SAS and exposure to additional languages, including but not limited to Java and C#;
• knowledge of database management systems and tools (e.g. IBM DB2, Oracle Database, Microsoft SQL Management Studio) and exposure to cloud-based databases; and
• experience in using a broad variety of integration techniques, patterns, tools and methodologies, additional exposure to deploying and managing big data environments (e.g., Hadoop, Apache Spark, and NoSQL) will all be advantageous.

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Job Description

• The main purpose of this position is to develop resolution strategies for systemically important financial institutions that fall within the scope of the resolution framework, as set out in the Financial Sector Regulation Act 9 of 2017, and to ensure execution readiness. The role also contributes to the resolution of non-systemic institutions and broader crisis preparedness. The responsibilities include designing and operationalising resolution policies, strategies and related processes in the interest of financial stability, in accordance with international standards.

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

• Develop and/or assist with the development and drafting of resolution-related policy, including regulatory instruments.
• Conduct research, analysis and benchmarking against international standards and best practices on complex resolution-related topics.
• Draft and/or assist with the drafting and maintenance of resolution plans.
• Engage with and make presentations to a broad range of stakeholders, internally, externally, locally and internationally, including coordinating cross-border matters.
• Assist with the operationalisation and execution readiness of South Africa’s resolution framework.
• Contribute to the broader work of the Resolution and Crisis Preparedness Division, including methodologies to measure the systemic significance of financial institutions, simulations to test the resolution framework and work relating to failing institutions.
• Keep abreast of international developments on resolution-related matters.
• Participate in, and contribute to, the activities of the resolution-related committees and their substructures.
• Assist with secretariat duties for specific resolution-related committees.
• Contribute to, and participate in, ad hoc testing of crisis management capabilities in the South African Reserve Bank (SARB) and in the financial sector.
• Contribute to other policy developments within the broader Financial Stability Department and any of the internal and external committees that it serves, including international committees.
• Contribute to work performed by the Prudential Authority relating to institutions that may be placed in resolution, such as liquidity simulations and recovery planning.
• Represent the SARB by participating in meetings with international organisations and committees relating to resolution and crisis management and respond to requests for information by such organisations and committees.
• Compile and draft high-quality reports and/or outputs on deliverables.
• Mentor junior specialists.
• Provide training to stakeholders on resolution-related matters.

Qualifications

To be considered for this position, candidates must have:

• an Honours degree in either finance, investment, law, economics, accounting or financial risk management; and
• eight years’ experience in either banking, structured finance, valuations, financial markets, central banking or corporate insolvency.

Additional requirements include:

having the ability to:

• work effectively in a small and specialised team;
• work in an unstructured environment that requires flexibility and adaptability;
• contribute to and design new policies and processes;
• build networks; and
• enhance the general understanding of, and support for, the activities and responsibilities of the Resolution and Crisis Preparedness Division;
• having sound knowledge of:
• resolution tools and frameworks and applicable international standards; and
• relevant regulatory frameworks and international standards;
• proven facilitation and presentation skills;
• excellent interpersonal skills;
• excellent communication skills (verbal and written); and
• proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

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Detailed description

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

• Review the analysis and recommendations of the licensing team to ensure compliance with legislative and governance processes.
• Contribute to the development of the divisional operational plan and policies.
• Develop and implement operational plans for the Licensing Section and manage their implementation.
• Manage and provide guidance on the PA’s licensing function to ensure the timely and accurate processing of licensing and related applications.
• Ensure the continuous improvement of the delivery and functioning of the licensing process
• Develop procedures, processes, internal controls and system requirements for the Licensing Section.
• Identify and mitigate risks related to the licensing function and ensure compliance with relevant governance frameworks.
• Manage staff performance and promote and support career management and development.
• Provide integrated management information reports to support decision-making.
• Lead and participate in engagements with relevant internal and external stakeholders and clients.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• a minimum of an Honours degree (NQF level 8) in Law or an equivalent qualification in a related field; 
• at least eight to 10 years’ experience in a legal and/or regulatory environment, of which two to three years should be in leading teams; and
• admission as an attorney will be an advantage.

Job-related attributes include:

knowledge and skill in:

• industry, organizational and business awareness; 
• quality assurance; 
• continuous improvement; 
• continued learning and/or professional development; 
• legislation and governance, risk and compliance; 
• business continuity planning; 
• relevant legislation; and 
• corporate governance.

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Job Description

Brief description

• The South African Reserve Bank (SARB) is seeking a highly analytical and technically skilled Financial Markets Specialist to join the Policy Research and Strategy function of the Financial Markets Department.
• The successful candidate will conduct research and policy analysis related to financial markets, monetary policy implementation and financial market development. The role combines quantitative analysis, financial market research and policy work, with a strong emphasis on the use of data, modelling and modern analytical techniques to support evidence-based decision-making.
• The candidate must be able to translate complex quantitative analysis into clear, concise and well-structured written outputs that can inform senior decisionmakers. The position is therefore ideally suited to an individual who combines strong analytical and coding skills with excellent communication and writing abilities

Detailed description

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

• Conduct high-quality quantitative and qualitative research to inform policy positions and strategic initiatives relevant to the Financial Markets Department.
• Monitor and analyse developments in domestic and international financial markets and assess their implications for monetary policy implementation and financial stability.
• Develop and maintain analytical tools, models and datasets to support evidence-based policy analysis and decision-making.
• Collect, clean, structure and analyse large and complex financial market datasets.
• Apply statistical, econometric and data-science techniques to investigate financial market behaviour and policy questions.
• Undertake research related to money markets, capital markets, foreign exchange markets, market infrastructure, market liquidity and financial market development.
• Support the development of departmental policy positions, strategic initiatives and business methodologies.
• Produce high-quality research reports, briefing notes, policy papers, presentations and other written outputs for senior management and policy forums.
• Translate complex quantitative and technical analysis into clear, concise and policy-relevant insights and recommendations.
• Contribute to keynote speeches, discussion papers and strategic publications.
• Present research findings and analytical work at internal and external forums.
• Build and maintain relationships with relevant stakeholders in financial markets to support research and policy development.
• Ensure that analytical methodologies and research practices reflect local and international best practice.
• Contribute to ongoing innovation in the department's analytical toolkit through the adoption of new methods, technologies and approaches.
• Participate in departmental, Bank-wide and external projects as required.

Qualifications

To be considered for this position, candidates must have:

• An Honours degree in Economics or Finance (NQF8), or an equivalent combination of education and job-related experience;
• five to eight years of work experience in financial markets, quantitative analysis, economic research, financial modelling or a related field

The following will be an added advantage:

• A Master's degree in Economics, Finance or a related discipline; 
• Knowledge of monetary policy implementation and financial markets; 
• Experience working with large financial market datasets; 
• Experience conducting applied research in economics or finance; 
• Experience using Bloomberg, Refinitiv or similar market data platforms; and 
• A track record of producing high-quality research papers, policy briefs, technical reports or other analytical publications.

Additional requirements include:

• Strong programming skills in Python, R, MATLAB, Stata or similar analytical languages;
• Advanced quantitative, statistical and econometric modelling skills; 
• Experience working with large, complex and high-frequency datasets; 
• Strong research and analytical capabilities; 
• Excellent written communication and report-writing skills; 
• The ability to synthesise complex qualitative and quantitative information into clear and compelling written outputs; 
• The ability to communicate technical concepts effectively to both technical and non-technical audiences; 
• Strong verbal communication and presentation skills; 
• Conceptual and critical-thinking abilities; 
• Planning and organising skills; 
• Sound judgement and professional integrity; 
• Strong interpersonal skills and the ability to build productive working relationships;
• Intellectual curiosity and a willingness to explore new analytical approaches; and 
• The ability to work independently and as part of a team.

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Detailed description

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

• Manage regulatory requirements and compliance monitoring frameworks for investment products.
• Monitor adherence to investment guidelines, regulatory requirements, policies and internal controls, and escalate non‑compliance where require
• Assist in ensuring that FMD practices are aligned with international Anti-Money Laundering (AML)/ Combating the Financing of Terrorism (CFT) standards and comply with applicable local and international regulations.
• Assist in preparing accurate, reliable and insightful risk and compliance reports for management and relevant governance forums.
• Analyse risk trends, incidents and control effectiveness, and contribute to actionable risk insights and recommendations.
• Conduct research on regulatory developments, industry practices and emerging risks relevant to financial markets. 
• Preparation of briefings and presentations for internal and external stakeholders.
• Assist in the design and delivery of compliance and operational risk training and awareness programmes. 

Qualifications

Job requirements

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

• a postgraduate degree (NQF 8) in either Investment Management, Risk Management, Finance, Banking, Law or a related field;
• two to five years of experience in the financial services industry, especially within a Treasury environment.
• knowledge of financial instruments, risk frameworks and regulatory landscape for treasury or asset management environment.
• knowledge of the Bloomberg software.

The following would be an added advantage:

• a Professional Risk Management (PRM), Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) qualification.
• Completed STRATE and/or JSE compliance officer examinations.

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Detailed description

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

• Facilitate national, regional and international financial (central banking) industry collaboration to strengthen cybersecurity resilience by advocating and supporting relevant legislative frameworks, establishing appropriate cybersecurity structures and actively participating in national forums as mandated under the Financial Sector Regulation Act 9 of 2017 and the National Cybersecurity Policy Framework (e.g. the Financial Sector Contingency Forum, Financial Sector Cyber Resilience Subcommittee, cybersecurity incident response teams, Cybersecurity Response Committee and National Consumer Commission).
• Drive, manage and administer the Operational Security Situational Awareness initiative involving collaboration with 50 central banks. Responsibilities include coordinating fortnightly virtual meetings and handling all administrative tasks, such as agenda preparation, minutes and managing presentations and discussions. Additionally, oversee the planning and coordination of an annual in-person conference, including logistical arrangements, agenda development, issuing invitations, managing guest speakers and coordinating presentations.
• 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 and align cybersecurity-related initiatives across key areas within the South African Reserve Bank (SARB) – including the Prudential Authority, Financial Stability Department, Business Solutions and Technology Department and National Payment System Department – to ensure cohesive participation and support for sectoral, national, regional and international cybersecurity 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 Cybersecurity Responsible Disclosure Policy.
• Ensure the SARB Group drives and capacitates national and regional sector cybersecurity incident response teams and supports international response efforts.
• Ensure appropriate state agency (State Security Agency, South African Police Service and National Cybersecurity Hub) 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:

• at least 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. Certified Information Systems Security Professional, Certified Information Security Manager or Certified Ethical Hacker); and 
• at least eight to 10 years’ experience in cybersecurity management, preferably in the financial sector.

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;
• the ability to plan and give advice;
• the ability to build and maintain relationships;
• impact and influence;
• a drive for results;
• negotiation skills;
• the ability to manage complexity and ambiguity;
• judgement and decision-making skills;
• interpersonal sensitivity;
• knowledge of the relevant legislation; and
• advanced computer literacy skills.

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Detailed description

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

• Execute periodic system maintenance in accordance with the set procedures to ensure the reliability and availability of systems.
• Support the 1FinSurv applications by monitoring the underlying environments, such as databases and application servers, to ensure capacity management, systems availability and optimal performance.
• Maintain the 1FinSurv applications by applying corrective measures, for example, patches, upgrades and bug fixes.
• Provide second-line support by troubleshooting and investigating incidents reported by 1FinSurv users to ensure business continuity.
• Review the application code to ensure control is maintained.
• Conduct unit testing for the solution to ensure its quality.
• Deploy application upgrades, enhancements and fixes in accordance with the set deployment procedures.
• Monitor system and integration components to ensure the continuous flow of transactions.
• Apply system and application security patches to prevent and resolve application vulnerabilities.
• Participate in business continuity planning (BCP) and information technology service continuity management (ITSCM) exercises.
• Adhere to change-control processes in the implementation of system changes.

Qualifications

Job requirements

To be considered for this position, candidates must have:

• at least a National Diploma (NQF level 6) in information and communications technology (ICT) or an equivalent qualification in a related field; and
• at least two to five years’ experience in an ICT applications support environment.

Additional requirements include:

knowledge and skill in:

• industry, organisational and business awareness;
• quality assurance;
• continuous improvement;
• continual learning and professional development;
• applications support and maintenance;

systems specialisation;

• information technology (IT) governance, risk and compliance; and
• Linux/Unix;
• working knowledge of the JBoss application server, Java development and JavaScript;
• knowledge of C# development; and
• working knowledge of Apache, F5 load balancer and XML.

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

• Collect, process, validate, quality-assure, analyse and disseminate monetary and credit statistics in accordance with divisional timelines.
• Compile and contribute to statistical releases, website publications, internal publications and the Quarterly Bulletin.
• Validate the source data received from reporting institutions, including through outlier investigations as well as data mapping and reconciliation processes.
• Apply monetary and financial statistics methodologies and relevant international statistical standards, including the Monetary and Financial Statistics Manual and Compilation Guide of the International Monetary Fund (IMF).
• Support methodological reporting, classification reviews and technical guidance related to monetary and credit aggregates as well as related macroeconomic statistics.
• Participate in projects and initiatives related to the compilation of monetary and credit statistics, including process improvements, system enhancements, data-structure reviews and implementation support.
• Use open-source software and related analytical tools to improve the collection, processing, visualisation and analysis of monetary and credit statistics, including reproducible workflows, dashboards, analytical outputs and supporting documentation.
• Contribute to the quarterly Integrated Economic Accounts and related departmental initiatives through data sourcing, validation and quality assurance.
• Support the seasonal adjustment processes for monetary statistics, including reviewing and updating the seasonally adjusted monetary time series.
• Contribute to the G20 Data Gaps Initiative recommendations that are relevant to monetary and credit statistics, including emerging data needs, potential new data sources, methodological alignment and stakeholder engagement.
• Prepare and deliver briefings, presentations and technical inputs for senior management, internal forums and external stakeholder engagements, including engagements with reporting institutions and industry forums.
• Provide clear, professional and technically sound responses to internal and external data queries, and escalate complex methodological, classification or reporting matters where appropriate.
• Keep abreast of relevant methodological changes, market developments, reporting requirements and international best practice, and assess their implications for monetary and credit compilation.
• Analyse data using business intelligence tools to identify trends and present analytical findings in written reports, including graphs and the Quarterly Bulletin tables.
• Assist with presentations as well as general administrative and ad hoc tasks required by the division.

Qualifications

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

• at least an Honours degree (NQF level 8) in Economics or Statistics, preferably with modules on Accounting, Data Science or Finance; and
• at least 2–5 years of relevant experience in monetary and financial statistics, banking-sector data, macroeconomic statistics, regulatory reporting, economic analysis, financial economics, accounting or a related statistical compilation environment.

The following would be an added advantage:

• the ability to program in R and/or Python. 

Additional requirements include:

• an affinity for statistics compilation and economic analysis, with a strong interest in applying statistical principles to real-world economic data;
• a proven track record in conducting and delivering high-quality economic analyses; 
• proficiency in the use of Microsoft Office products such as Microsoft Word, Excel and PowerPoint, including the ability to use tools (functions and formulas) to organise, analyse and adjust data; 
• knowledge and insight regarding international statistical manuals and best practice, for example the IMF’s Monetary and Financial Statistics Manual and Compilation Guide;
• basic knowledge and understanding of the generic statistical business process model;
• a task-oriented approach, with excellent time management skills to thrive in a deadline-driven environment where work often requires managing pressure while maintaining quality;
• the ability to work independently as well as within a team/project environment;
• strong report-writing skills;
• the ability to present complex statistical data and analyses clearly and concisely;
• taking initiative;
• problem-solving skills;
• excellent communication and interpersonal skills; 
• analytical skills; and 
• keen attention to detail.

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Detailed description

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

• Conduct research as well as identify new and emerging ML risks (threats, vulnerabilities and consequences), trends, including those in jurisdictions where SA banks have international operations (information must feed into the risk returns and inform the frequency of supervision); 
• Ensure that the PA is adopting international best practice in terms evidencing understanding of ML risk, reflective in the ML/TF risk assessments.
• Maintain and continually enhance the life insurance and banking risk-based tools;
• Provide training and briefings on ML risk related matters, draft guidance as may be required, and provide input into pertinent documentation for relevant stakeholders;
• Ensure that the onsite inspections scoping adequately take into account the ML risks relevant to the respective supervised institutions;
• Develop, implement and maintain an automated sector risk assessment process whereby data is received via institutions and update the sector risk assessment methodologies utilised and conduct sector risk assessments;
• Ensure that banking and life insurance sector risk reports are issued to the public and ensure that stakeholder engagement sessions take place in this regard;
• Analyse the risk returns received from institutions and ensure the information is being correctly fed into the risk-based tool, and that the tool is updated as and when required when new information is received;
• Update inspection procedures with relevant questions pertaining to ML risk mitigation and control assessment and ensure that best practice and supervisory practices are adequately captured in the supervisory manual or risk assessment tools adopted;
• Compile statistics useful for ML sector risk assessments;
• Provide inputs to the national risk assessments and to contribute to the work of the national risk assessment committee; and
• Ensure that ML/TF/PF risk assessments are conducted periodically for the banking and life insurance sector, with inputs from the PF/TF analyst.

Qualifications

Job requirements

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

• A Postgraduate qualification (NQF 8) in law, data science, commercial law, audit, international relations, international security, international law or other fields related to financial crime risk is required;
• five to eight years experience in financial crime control within a bank, audit or consulting firm.

Additional requirements include:

• Industry, organisational and business awareness

Knowledge and Skill

• Data analysis and reporting Knowledge and Skill 
• In depth technical knowledge
• Excellent writing skills
• Good drafting and interpretation of legislation skills
• Data mining, modelling and predictive analytics and business intelligence reporting experience advantageous;
• Experience in conducting ML risk assessments; research and practical experience as well as good understanding of international best practice and technological developments in the AML sphere