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SARB Vacancies

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To apply, click on the link at the end of the posts and all the best with your applications.

Buyer – FSD

Job Description

Detailed description

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

  • Plan and prioritise tasks that need to be completed on a daily and weekly basis with the Tactical Buying Lead.
  • Buy goods and services from suppliers, which include but is not limited to the preparation of requests for tender/proposal/quotation/information (RFXs), commercial negotiations and recommendations for supplier awards. 
  • Manage the entire value chain of the requisitioning and ordering cycle.
  • Perform general administration in a timeous, accurate and complete manner throughout the buying cycle. 
  • Engage with relevant stakeholders, including requisitioners and suppliers, displaying a service orientation towards own work as well as the ability to handle queries and explain information fluently. 
  • Ensure that all buying activities and deliverables are of high quality and are executed in accordance with the SARB Procurement Policy.
  • Collate and analyse procurement data for reporting.
  • Keep abreast of developments in the procurement field and propose improvements to methods and practices in tactical procurement.

Qualifications

Job requirements

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

  • the minimum of a National Diploma (NQF 6) in Commerce/Supply Chain Management or an equivalent qualification; and
  • the minimum of two to five years’ experience in the procurement or supply chain management environment.

Additional requirements include:

  • knowledge and skill in:
  • industry, organisational and business awareness;
  • quality assurance;
  • continuous improvement;
  • continued learning and/or professional development;
  • procurement strategy; 
  • procurement planning; 
  • procurement markets; and
  • contract management; 
  • conceptual thinking;
  • effective communication;
  • flexibility; 
  • a drive for results;
  • teamwork;
  • a service and stakeholder focus;
  • judgement and decision making; and
  • analytical and problem solving skills.

Programme Manager – Security 

Job Description

Brief description

The main purpose of this position is to manage projects within the Group Security Management Department by providing assurance that projects are delivered to specification, within budget and on time.

Detailed description

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

  • Drive the delivery of identified programmes and projects in partnership with the responsible business units within the South African Reserve Bank (SARB) Group. 
  • Oversee delivery by project managers of project progress according to the approved schedule, the expected deliverables, specifications and quality standards and within budget.
  • Oversee the delivery of project benefits and monitor post-implementation reviews to ensure sustainability of project solutions.
  • Prioritise projects and new requests in collaboration with the relevant business and stakeholders to enable strategic alignment and optimal resource allocation. 
  • Facilitate the development of the business case and project initiation documents in accordance with Programme Management Office methodology to clearly define and approve the purpose and business motivation.
  • Allocate project managers and administrators and negotiate and agree on the allocation of project team members to ensure the effective utilisation of skills. 
  • Fulfil the line management function pertaining to the development and performance of project managers and administrators within the team. 
  • Coach and mentor project managers and administrators within the team, providing leadership and motivation. 
  • Conduct required programme meetings to consolidate reporting and manage risks and constraints, ensuring cohesion, consistency and integrity of output. 
  • Manage specific projects as and when required in accordance with workload or as assigned.
  • Engage and present to senior stakeholders within the SARB Group at various stages of the different life cycles.
  • Ensure compliance with procurement and other governance processes during the programme life cycle.
  • Ensure effective partnering with solution and implementation partners, based on agreed contracts and service level agreements. 

Qualifications

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

  • an Honours degree in Programme/Project Management or an equivalent NQF8 qualification; 
  • relevant programme/project management certification (PMP, CAPM or PgMP), with exposure to Agile/Scrum (CSM or SAFe); 
  • at least eight years’ programme/portfolio management-related experience, of which at least two years are in a team leader or management capacity; and
  • sound knowledge of portfolio, programme and project management disciplines, contract and service management and project cost management. 

Additional requirements include:

  • exposure to large-scale transformation programmes;
  • knowledge of local regulations and standards (e.g. the Private Security Industry Regulatory Authority, South African National Standards Act 8 of 2008 and Protection of Personal Information Act 4 of 2013); 
  • knowledge of critical infrastructure, physical security and construction; and
  • exposure to CCTV, access control systems and integrated security management platforms, including cybersecurity understanding.

Lead: Strategy Execution Enablement

Job Description

Brief description

The main purpose of this position is to lead the strategy execution enablement function within the South African Reserve Bank’s (SARB) Strategy Management Office (SMO) by integrating and coordinating strategy execution functions such as portfolio, programme and project management within the strategy cycle.

Detailed description

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

  • Oversee the development and continual improvement of fit-for-purpose strategy execution products and services (framework, practices, methods, tools and templates) to ensure effective end-to-end strategy execution enablement.
  • Integrate and coordinate the strategy execution functions throughout the strategy management process to support effective strategy execution in the SARB.
  • Work with business in maturing strategy execution skills and resources across the strategy execution functions to help build sufficient capacity and capability to execute the SARB’s strategy.
  • Provide integrated reporting on the SARB’s performance by connecting portfolio performance. 
  • Identify and mitigate risks related to the strategy execution function and ensure compliance with relevant governance frameworks as defined by the SARB.
  • Take responsibility for the performance and overall development of staff within the function.
  • Partner with key stakeholders across the SARB – such as the Business Solutions and Technology, Internal Audit, Financial Services, Risk Management and Compliance and Human Resources departments and project management offices – to collaborate on strategy execution.
  • Develop and manage relationships with key business stakeholders through the SMO business partnering model to enable effective strategy execution.
  • Use advanced analytics to understand the relationships or cause and effect within the strategy, providing insight to business to constantly test and adapt strategy.
  • Maintain a network of other central bankers or stakeholders in similar industries in relation to leading strategy execution trends.

Qualifications

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

  • a minimum of an Honours degree in Strategy Management or an equivalent qualification;
  • at least eight to 10 years’ experience in a strategy management role, either in a corporate strategy office or consulting house; and
  • three to five years’ experience in a financial services environment.

The following would be an added advantage:

  • a Master of Business Administration degree; and
  • experience in business architecture and enterprise change management.

Additional requirements include:

  • knowledge and skills in:
  • industry, organisational and business awareness;
  • quality assurance;
  • group strategy planning;
  • market research;
  • continued learning and/or professional development;
  • group strategy; 
  • stakeholder management;
  • group strategy tools/equipment usage;
  • group strategy information management;
  • group strategy reporting;
  • communication management;
  • strategic thinking;
  • conceptual thinking;
  • the ability to manage complexity and ambiguity;
  • a drive for results;
  • impact and influence;
  • the ability to promote teamwork;
  • the ability to develop others;
  • problem-solving and analytical skills;
  • resilience;
  • a service and stakeholder focus;
  • effective communication skills;
  • the ability to build and maintain relationships; and
  • proactivity and agility.

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.

Senior Fintech Analyst

Job Description

Brief description

The purpose of this position is to lead on innovation projects, develop policies, positions and/or regulatory frameworks relating to the financial technology (fintech) environment to enable the Fintech Unit to carry out its mandate of assurance of appropriate regulation.

Detailed description

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

  • Lead technical exploration projects into innovative financial technologies (e.g. techsprints, proof of concepts) to understand the impact of and gap created by innovative developments on current policies and regulation. 
  • Initiate, select and scope technical projects on emerging technologies of relevance to the Fintech Unit or SARB for deeper understanding and present proposals for approval
  • Design and oversee the execution of project-related activities that explore the impact of technology developments on financial markets and central banks in line with the priorities of the Fintech Unit and SARB
  • Lead practical explorative initiatives on innovative financial technology in support of policy development, including the identification of areas of improvement and compliance with international standards.
  • Conduct research into global innovation projects to inform Fintech Unit’s approach to innovation and potential ways for the SARB to collaborate with other central banks on practical exploration to understand the policy and regulatory implications of new technologies.
  • Lead projects and activities related to fintech and supervisory technology (suptech).
  • Lead various forums (domestic and international) on new developments, research findings and insights from project-related activities. 
  • Support the SARB’s continuous development of expert knowledge on innovative technologies related to the work of the Fintech Unit and SARB and actively share learnings to inform policy and regulatory positions on fintech 
  • Actively engage with counterparts in industry and the central banking community in the region and participate in industry consultations as well as the drafting of discussion papers and standards.
  • Lead the development and maintenance of policies and/or regulatory frameworks and incorporate inputs and comments from the industry and relevant regulatory authorities. 
  • Develop and contribute towards reports on the activities and functions of the Fintech Unit and present them to various domestic and international stakeholders.
  • Lead in providing input into material drafted by international standard-setting bodies such as the Bank for International Settlements (BIS), including the BIS Innovation centres, and Financial Stability Board (FSB).
  • Actively build relationships and collaborate with applicable South African Reserve Bank (SARB) stakeholders and other regulators on matters relating to the functions and responsibilities of the Fintech Unit. 
  • Lead with drafting content for fintech public awareness initiatives and respond to queries and surveys. 
  • Oversee and thought-lead workshops and conferences to create awareness of fintech-related matters in the industry. 
  • Guide fintech analysts on work pertaining to fintech.

Qualifications

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

  • an Honours’ degree in Economics, Finance, Technology or Law; and
  • 8–10 years’ experience in financial innovation, regulation, law or economics.

Additional requirements include:

  • sound knowledge of economic and financial theories; 
  • knowledge of the regulatory environment and understanding of public policy issues;
  • sound knowledge of research methodologies;
  • sound knowledge of financial technologies and their implications for the financial system
  • proven facilitation and presentation skills;
  • experience in leading and managing innovative technology projects;
  • good conceptual and analytical skills and ability to apply creative and innovative thinking to solve complex problems
  • excellent interpersonal as well as verbal and written communication skills; and
  • proficient in the use of Microsoft Office products.

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.

Ms Lesego Ramokgali
Strategic People Resourcing Consultant
Human Resources Department
 

Associate Analyst-Regional Settlement Services

Job Description

Brief description

The main purpose of this position is to assist with project activities, manage relationships with relevant stakeholders, and provide operational support to the regional cross-border settlement system and its participants.

Detailed description

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

  • Work as part of a team on project, change, operational and business analysis activities to develop and maintain the regional system.
  • Assist in providing training and capacity building on the regional system.
  • Support the more senior analysts at the South African Reserve Bank (SARB) in implementing, monitoring and reporting on service level agreements with participants, regional clearing and settlement system operators, and other stakeholders. 
  • Assist with the development and maintenance of business procedures and processes relating to the regional system.
  • Engage with system participants, regional clearing and settlement system operators, and other stakeholders.
  • Perform basic testing on the regional system according to a system test framework.
  • Monitor compliance and identify associated risks that may lead to non-compliance.
  • Provide analytical support in the form of data analysis and modelling.
  • Provide relevant reports.
  • Develop business processes and procedures.
  • Define solution requirements and assess possible solutions.
  • Stay abreast of any changes to relevant analytical tools and methodologies, and apply these in the course of own work. 
  • Assist the more senior analysts in providing support to participants, regional clearing and settlement system operators, and other stakeholders in the regional system.
  • Participate in business continuity planning (BCP) testing and execution for participants and the regional system.
  • Develop and maintain BCP processes to protect the regional system against the potential loss of critical business functions.

Qualifications

Job requirements

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

  • the minimum of an Honours degree (NQF 8) in Economics, Financial Management or Information Technology (IT), or an equivalent qualification; and 
  • the minimum of 2–5 years’ experience in banking, the financial industry or the payment system environment.

Additional requirements include:

  • payment system knowledge;
  • real-time gross settlement (RTGS) system knowledge;
  • analytical skills;
  • knowledge of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system messaging standards; 
  • risk management knowledge;
  • project management knowledge; and
  • decision-making skills.

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.

Business Operations Officer- Regional Settlement Services

Job Description

Brief description

The main purpose of this position is to ensure the provisioning of effective and efficient payment and settlement services.

Detailed description

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

  • Provide support to participants as well as clearing and settlement operators through various mediums or communication channels.
  • Log, monitor, escalate and resolve calls on the call logging system according to agreed service level standards.
  • Compile operational and performance reports (internal and external) as well as customer support engagements reports.
  • Analyse data and insights from systems to improve the effectiveness and efficiency of payment and settlement services.
  • Monitor the system and its interlinked ancillary systems to ensure that all settlements take place within agreed standards, and escalate when necessary.
  • Conduct system testing and monitor market testing according to a system test framework, and test the cases developed by the system tester.
  • Participate in projects by executing assigned tasks arising from changes to regulations, business and technology.
  • Contribute towards and review business and functional requirements, and test cases.
  • Execute billing, reconcile financial accounts and ensure that costs are recovered.
  • Assist with on-the-job training for staff members at the South African Reserve Bank (SARB). 
  • Conduct participant training.
  • Contribute towards the induction programme for new employees.
  • Compile evidence or sample information for internal and external auditors, and contribute to the Principles for Financial Market Infrastructures (PFMI) assessments.
  • Identify and report on the operational risks of the unit. 
  • Prepare and execute resilience tests in line with business continuity management.
  • Compile and update the operational and system manuals, procedures and processes.
  • Execute the activities set out by the stakeholder management framework, at the appropriate level, to support operations.
  • Coordinate and execute the onboarding and termination of participants (banks and non-banks) on the real-time gross settlement (RTGS) system. 
  • Capture, verify and update master data changes on the RTGS system.
  • Execute and/or monitor the internal and external operational system changes. 

Qualifications

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

  • the minimum of a National Diploma (NQF 6) in Business Administration, Financial Management or Operations Management; and 
  • the minimum of 2–5 years’ experience in financial services and/or banking services.

Additional requirements include:

  • 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; 
  • settlement systems knowledge; and
  • national payment system knowledge.

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.

Manager – Credit Risk: Supervisory

Job Description

The primary objective of this position is to manage delivery by a team of credit risk analysts thereby contributing to the effective and efficient supervision of this risk type in the financial services industry.

Detailed description

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

•    Give strategic and leadership direction and provide technical assistance and guidance to a team of credit risk analysts responsible for conducting industry analysis, development and maintenance of regulatory returns, interpretation of regulation, review of applications and providing cross-departmental technical support.
•    Manage team deliverables, contribute to the compilation of the operational plan for the team and take responsibility for the implementation as well as the monitoring of the team’s work plans. 
•    Manage team performance and talent management, including the learning and development of team members and succession planning.
•    Manage stakeholder engagements and relationships (internal and external), displaying the ability to solicit information as well as deliver a coherent and convincing message. 
•    Stay abreast of developments (e.g. changes to policies, rules and regulations, legislation and systems), ensure application thereof and provide input to publications and surveys related to own area of expertise. 
•    Identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks. 
•    Contribute to special projects in the Prudential Authority.

Qualifications

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

•    a minimum of a postgraduate qualification in either Banking, Insurance, Commerce, Economics, Risk Management, Finance, Accounting or Auditing or an equivalent qualification;
•    at least eight to ten years of relevant working experience in the financial services or financial regulatory sector; and
•    at least two years’ proven experience in managing teams.

Additional requirements include:

•    knowledge of:
–    the Basel framework at both a theoretical and practical level;
–    the various legislation and related supervisory frameworks applicable to financial entities registered in South Africa;
–    the relevant credit risk management practices and standards;
–    and experience in, the financial system, financial products, risk models and systems;
•    an understanding of:
–    the Basel Core Principles for Banking Supervision;
–    the Insurance Core Principles for Insurance Supervision;
–    key issues and risks facing registered financial entities in South Africa, with a specific focus on credit risk;

•    thought leadership;
•    problem-solving and analytical skills;
•    the ability to lead change;
•    an establishment focus;
•    a drive for results;
•    the ability to promote team work;
•    the ability to develop and grow others; 
•    a service and stakeholder focus;
•    effective communication skills; and
•    the ability to build and maintaining relationships.
 

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 experience and competence.

Senior Financial Markets Specialist

Job Description

Brief description

The purpose of this position is to deliver high-quality work in respect of the following monetary policy and government funding operations: 

  • Implementation of monetary policy by the South African Reserve Bank (SARB), mostly through liquidity management operations. 
  • Funding operations for government, which include conducting primary auctions. 
  • Dealing in the secondary market for government bonds, as may be necessary. 

Furthermore, the senior specialist will be entrusted with a shared responsibility for the management of the financial assets of the Corporation for Public Deposits (CPD) and the Corporation for Deposit Insurance, while also playing an active role in key projects relating to monetary policy implementation, government funding operations and the management of the above-mentioned local-currency investment portfolios. 

Detailed description

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

  • Implement monetary policy by monitoring the market, leading the development of trading strategies, conducting transactions such as auctions for purposes of liquidity management and on behalf of government (bond auctions and Treasury Bill auctions).
  • Undertake investments for the CPD in accordance with investment guidelines, operational requirements, and policies and legislation.
  • Supervise and quality assures the transactions of other Financial Market Specialists.
  • Contribute to the analysis of existing reference rates and the design of new rates where necessary and contribute to the design of governance frameworks that relate to the code of conduct on benchmark rates.
  • Provide oversight on the market commentary prepared by junior Financial Market Specialists.
  • Look for opportunities to automate routine tasks by leveraging innovative programming languages and encourage and assist Junior Specialists to continually innovate and improve their work processes.
  • Conduct comprehensive research for special projects by applying a robust and structured research methodology.
  • Stay abreast of all methodological developments relevant to own disciplines that affect the collection and development of time series and market research, trade execution and investment management process as

well as operations and apply this in own research.

  • Prepare and make convincing presentations to own team on a regular basis as well as to departmental forums and other departments of the SARB.
  • Prepare and contribute to the preparation of briefings, speeches, and presentations for senior management forums in the SARB as well as external forums.
  • Lead presentations in external forums on behalf of the Division. 
  • Participate in projects relating to monetary policy implementation, government funding operations and the management of the above-mentioned local-currency investment portfolios.
  • Participate actively on-the-job training for Junior Financial Market Specialists, which may be in the form of workshops or internal forums on research conducted.
  • Provide inputs in the overall performance evaluations of other Financial Markets Specialists where applicable.

Qualifications

Job requirements

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

  • an Honours degree (NQF8) in Economics, Accounting, Actuarial Science, Financial Engineering, Mathematics of Finance, Finance, or an equivalent combination of education in the required field and job- related experience; and
  • a minimum of eight to ten years’ experience in the financial markets’ environment.

The following will be an added advantage:

  • Master’s degree in the above disciplines, Chartered Financial Analyst (CFA) qualification, and knowledge and skills in money market operations, financial mathematics, domestic and international interest rates, bond markets, interest rate products, market intelligence, the investment industry, money market fund management, research methodologies, Reuters, Bloomberg, management of stakeholder relationships, project management, and relevant policies and procedures.
  • Registered Persons Exam certification

Additional requirements include:

  • proficiency in the Microsoft (MS) Office suite, with expert knowledge of MS Excel;
  • advanced mathematical and statistical modelling;
  • advanced programming skills (VBA, MATLAB or other languages that can be used in implementing models);
  • excellent interpersonal as well as verbal and written communication skills;
  • report writing skills;
  • research methodology skills;
  • planning and organising skills;
  • decision-making skills;
  • presentation skills;
  • being a team player; and
  • integrity.

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.

Lead Financial Market Specialist

Job Description

Brief description

The main purpose of this position is to deliver high-quality work efficiently and effectively in order to meet internal and external client expectations. The candidate will be expected to oversee junior and senior Financial Markets Specialists who conduct financial markets research as well as policy-related research and analysis to guide and support various policy committees within the South African Reserve Bank. 

The Lead Specialist will also oversee various projects in the Market Operations and Analysis Division in support of further development of financial markets and the implementation of monetary policy. In addition, the candidate will be expected to stay abreast of financial markets developments and provide accurate market information, commentary and recommendations on a regular basis.

Detailed description

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

  • Lead qualitative and quantitative research and analysis, integrating the work of more junior and senior financial markets specialists and providing a comprehensive analysis of short- and long-term financial market developments within the South African economy and across major advanced and emerging market economies.
  • Lead strategy projects and the development of policy frameworks.
  • Conduct high-quality and relevant short- and long-term research, analyses and interpretation of financial markets in support of the formulation and implementation of monetary policy and for financial stability purposes.
  • Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
  • Provide technical guidance and ensure the transfer of knowledge and skills to junior specialists.
  • Write keynote speeches for the senior executives of the SARB.
  • Lead team engagements to interrogate and reconcile data, findings, insights, explanations and recommendations from research and analyses.
  • Make recommendations on the markets, monetary policy and regulatory frameworks, and produce reports and briefings for final approval.
  • Quality assure and integrate analyses and reports submitted by other financial markets specialists and provide feedback.
  • Lead initiatives within own area of expertise in support of departmental objectives.
  • Recommend improvements in methodologies relevant to own area of specialisation, while ensuring that methodologies comply with local and international standards.
  • Make presentations to senior forums of the SARB (e.g. Monetary Policy Committee and Financial Stability Committee).
  • Represent the SARB at official external forums and meetings that fall within the area of specialisation (e.g. Monetary Policy Forum, Money Market Subcommittee), including speaking at/presenting research at conferences and seminars.
  • Build and maintain strategic relationships with key participants in the financial markets, including, but not limited to, the banking and asset management sectors.
  • Define the learning agenda for the Market and Policy Analysis Unit in conjunction with other senior financial markets specialists in the department.

Provide job-related coaching for newcomers to formally guide them through the roles and functions of the business area and department.

Qualifications

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

  • a Masters degree in Economics or Finance, or an equivalent combination of education in the required field and job-related experience; and
  • eight to 10 years’ experience in the financial markets or related environment.

A proven track record in managing projects, including research projects, will be an added advantage. 

Additional requirements include:

  • knowledge and skill in:
  • analytical and conceptual thinking;
  • the Microsoft Office suite, with expert knowledge of MS Excel;
  • advanced mathematical, statistical or econometric modelling;
  • effective communication (verbal and written);
  • report writing;
  • research methodology;
  • planning and organising; and
  • decision-making;
  • interpersonal skills;
  • presenting skills;
  • leadership skills;
  • being a team player;
  • integrity;
  • building and maintaining relationships;
  • impact and influence; and
  • innovation and creativity.

Click here to apply

All the best with your applications.

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