Vacancies Available at South African Reserve Bank

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 draft reports, discussion papers and legislation.
• Draft proposals for deposit insurance coverage.
• Assist with the design of policy processes to contribute to information technology requirements. 
• Support the testing of 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. 
• Prepare for, and support the execution of, payout in the event of a bank failure.
• Draft and support the finalising of reports on the activities and functions of CODI.
• Liaise with the Operations Division on determining the operational impact of policy proposals. 
• Liaise with the Resolution and Crisis Preparedness Division within the Financial Stability Department, the Prudential Authority, 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.

Qualifications

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

• a Postgraduate (NQF 8) qualification in Banking, Economics, Accounting, Finance or Law; and
• 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 successful candidate will be responsible for the following key performance areas:

• Develop, implement and maintain processes for determining whether a bank’s operational processes and internal controls meet CODI’s regulatory requirements. 
• Conduct reviews, assessments as well as on-site inspections of deposit insurance submissions by the banks against legislative and deposit insurance regulatory requirements of CODI, to identify risks and non-compliance. 
• Evaluate the risk magnitude and significance emanating from the non-compliance identified and report on findings with suggested recommendations to address the risks identified. 
• Assess the adequacy of the remedial plans with actions that the banks will take to address its non-compliance and associated timelines.
• Perform continuous monitoring and record keeping of the implementation of remediation actions for findings emanating from banks’ internal audits on CODI’s regulatory requirements and, where applicable, external audits and/or any other internal/ external assessment reviews.
• Prepare and present regular reports to management and the board of directors of CODI (Board), thus ensuring that management and the Board are kept fully aware of any key concerns that may impact CODI’s fulfilment of its mandate.
• Cooperate with the Prudential Authority (PA) on any non-compliance and risks identified by the PA or CODI, that will influence CODI’s role in a bank’s resolution. 
• Assist with appointing third-party service providers and work closely with them to conduct external audits and other internal or external assessment reviews of the banks.
• Participate in meetings and industry consultations with stakeholders, ensuring a clear understanding of CODI, its requirements and processes.

Qualifications

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

• a postgraduate qualification (NQF 8) in Auditing, Banking, Risk Management, Compliance or other relevant qualification; and
• five to eight years of experience in the financial services or financial regulatory industry or auditing, risk management and/or compliance management environment.

Additional requirements include: 

• industry, organisational and business knowledge and skill;
• continuous improvement knowledge and skill;
• quality assurance knowledge and skill;
• continued learning and/or professional development knowledge and skill; 
• risk management principles, tools, methodologies, frameworks, policies and processes knowledge and skill;
• risk management strategy and planning knowledge and skill;
• risk identification, analysis and assessment knowledge and skill;
• risk mitigation and management knowledge and skill knowledge;
• risk monitoring and reporting knowledge and skill;
• project management; and 
• ISO 31000 standards, King IV and COSO framework.

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Detailed description

The successful candidate will report to a Deputy Governor and be responsible for the overall management and strategic direction of the Currency Cluster of the SARB.

The key performance areas include the following: 

• Oversee the strategic and operational effectiveness of the Currency Cluster, which entails planning and distributing currency within South Africa, protecting the SARB’s staff and assets, and integrating key value-chain activities to ensure strategic alignment across the operations of the SARB Group entities regarding currency and security management.
• Direct the corporate initiatives linked to the cluster’s strategies and communicate their implications to the cluster’s heads of department and managing directors for implementation.
• Review and coordinate annual operational plans, risk matrices and budgets for the financial year, including staffing and structural changes in the departments and subsidiaries within the cluster.
• Facilitate the development and implementation of integrated policies and procedures to drive the execution of the organisational strategy and ensure the operational effectiveness of the cluster.
• Review financial statements, activity reports and performance data to measure the achievement of goals and enhance operational effectiveness and efficiencies.
• Report on the progress status of the cluster to the GEC on a regular basis and seek endorsement or approval for the implementation and resourcing of programmes within the cluster.
• Lead the negotiation of major contracts and agreements with suppliers and service providers in line with the SARB’s procurement and budget policies as well as its delegation of authority.
• Provide assurance to the GEC on the cluster’s impact on the cash industry and SARB Group entities, including the financial and organisational implications thereof.
• Ensure that all risks associated with the cluster’s activities are identified, assessed and appropriately mitigated.
• Manage performance, build commitment of direct reports, and ensure that the cluster has the skills and talent to support long-term sustainability and organisational performance.
• Build the SARB’s capacity to produce profitability for other countries.
• Ensure that the SARB’s currency-producing subsidiaries operate at globally competitive levels.

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

• a minimum of a postgraduate qualification (NQF 8, 9 or 10) in Business Management, Finance or Economics, or an equivalent combination of education and job-related experience; and
• a minimum of 13–15 years of experience at an executive level, with at least 5 years in a senior or strategic management role.

Additional requirements include:

• executive management disposition;
• skills and experience in strategy development and implementation, corporate governance, risk management and compliance, financial management and quality management;
• knowledge of human resources policies and procedures;
• knowledge of relevant legislation;
• strong leadership qualities, with the ability to work well under pressure and resolve conflict effectively;  
• problem-solving and analytical skills;
• strategic decision-making abilities and the ability to drive execution;
• innovation and solution-driven approach;
• excellent verbal and written communication skills in English, with the ability to communicate and interact professionally at all levels, both internally and externally;
• excellent interpersonal skills, with the ability to build cross-departmental relationships;  
• demonstrated experience in persuading and influencing stakeholders appropriately; and an understanding of the workings of the SARB and proven operational effectiveness.

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

• Perform pension administration accounting duties, including reconciliations, processing contributions received, investment and disinvestment instructions, daily unit pricing, retirement benefit counselling for new members and portfolio switches, in accordance with retirement fund legislation, regulations, rules and relevant policies. 
• Perform general administration, including preparing payment instructions, data capturing and record-keeping, to ensure the smooth running of the division’s operations.
• Engage with members of the SARB Retirement Fund and other stakeholders, display service orientation in own work and the ability to solicit information as well as convey and explain information clearly. 
• Proactively broaden knowledge of pension administration accounting and demonstrate a willingness to make improvements in own work, including methods and practices.
• Evaluate own performance against set criteria and identify and address task-specific learning needs.
• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.

Job requirements

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

• a National Diploma or Advanced Diploma (NQF 6) in Accounting or an equivalent qualification in a related field; and 
• one to two years’ job-related experience in a financial services environment, specifically in pension administration.

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Detailed description

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

• Engage in short-term planning and perform the tasks defined in the work plan, in collaboration with the team leader. 
• Perform general administrative tasks in support of the overall operations in the department, which include, but are not limited to, records management, correspondence, strategy management, management reporting, etc.
• Perform administrative tasks in support of the department’s financial administration as requested by the team leader/manager, including obtaining vendor information, processing invoices, procuring good/services and ensuring the timely submission of accurate payment information.
• Support the team leader/manager in his/her role as a sub-records manager as well as a training, facilities, information technology and fixed assets representative, and in effectively managing the requirements and resources of the department.
• Provide support to the team leader/manager in the monitoring and maintenance of the business continuity planning process and Occupational Health and Safety Act responsibilities, where appropriate.
• Provide support in the coordination of the risk and compliance management processes of the department as well as the maintenance of its risk matrices and action plans emanating from internal and external audits.
• Provide administrative support in the preparation of the annual budget and the monitoring of budget-related expenditures.
• Engage effectively with stakeholders, both within and outside of the department, that render services to the department.
• Perform administrative duties on an ad-hoc or projects basis as requested by the team leader/manager, while ensuring compliance with relevant guidelines, standards and policies.
• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.
• Diagnose problems and choose/modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context.
• Willingly address any gaps in own performance of tasks and activities against the required standards.
• We need to include the updating of the website as well as intranet, please get wording from Wonder

Job requirements

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

• a Higher Certificate (NQF 5) in administration and records management or equivalent and;
• two to three years’ experience in a management support/administration environment.

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Detailed description

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

• Design, configure, test and deploy Microsoft 365 and Microsoft Exchange Online products and services.
• Provide maintenance and third-level support services on all Microsoft 365 products and services to ensure continued availability and performance of the technologies.
• Troubleshoot and perform root-cause analysis related to Microsoft 365 products and services.
• Manage the technology life-cycle on all Microsoft 365 and Microsoft Exchange Online products and services.
• Implement and maintain the governance and security model for the platform as developed by the Cyber and Information Security Unit at the South African Reserve Bank (SARB).
• Proactively monitor and report on Microsoft 365 products and services for their availability and reliability.
• Provide periodic reports on the health, usage, performance and life-cycle status of the platform.
• Develop, maintain and document technical standards, procedures, user guides, standard operating procedures, instructional documents etc. relating to the Microsoft 365 and Microsoft Exchange Online products and services according to best practice to ensure continuity.
• Collaborate and engage with internal and external stakeholders to ensure the functionality of the deployed technologies.
• Remediate any security vulnerabilities identified on the platform.
• Stay abreast of new developments in Microsoft technologies.

Job requirements

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

• a Bachelor’s degree (NQF 7) in Information Technology (IT) or an equivalent qualification;
• a Microsoft 365 certificate in Exchange Online Support Engineer Speciality; and 
• the minimum of five to seven years’ of experience in an IT support environment and in managing and administering a Microsoft Exchange Online environment.

The following would be an added advantage:

In-depth knowledge and experience in:

• Hybrid Exchange environment;
• Microsoft Entra ID;
• Microsoft Intune;
• Windows 365 Cloud PC;
• Microsoft Teams & Teams Voice; and
• Mimecast
• Expert-level Microsoft 365 certification.

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Detailed description

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

• Provide managerial leadership and strategic direction for the establishment and maintenance of the records and information management function in the SARB.
• Manage and oversee the implementation of records and information management strategies and action plans across the SARB.
• Define, plan, develop and implement the policies, procedures, objectives and activities of the records management function and ensure compliance thereto.
• Compile and maintain approved records classification systems for both manual and electronic records.
• Sustain and manage SARB archives (both digital and electronic), ensuring the safe custody and permanent preservation of records of archival value.
• Address information security classification and declassification procedures as prescribed by the Information Security Policy, and direct and coordinate all activities related to records management governance, risk and compliance.
• Drive SARB-wide records management programmes to improve the management, storage and disposal of records (e.g. the digitisation of records and the implementation of the Electronic Document and Records Management System (EDRMS)), ensuring alignment with the SARB’s information technology strategy while providing management oversight and support.
• Oversee the management of born-digital records within the EDRMS.
• Ensure monitoring and evaluation by ensuring sub-records managers are inspected, and that sound records management practices are followed, and all records are kept in safe custody within the SARB.
• Ensure that management training and awareness is conducted throughout the SARB Group.
• Establish and maintain internal and external stakeholder relations to address problems and ensure transparency and the smooth running of operations.
• Manage financial resources in an efficient and optimal manner, including the coordination of budget preparations for approval.
• Ensure compliance with the SARB’s legislative and regulatory requirements and that the risks of the unit are identified and assessed, and adequate risk-mitigating measures are implemented.
• Manage the performance of staff and promote and support career management and development.

Job requirements

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

• a postgraduate degree in Records Management and/or Information Management or an equivalent qualification; and 
• eight to 10 years’ experience in records and information management (document, records, archives and management), with at least five years at senior management level.