South African Reserve Bank

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

Cyber Security Risk Analyst

Brief description

The main purpose of this position is to research and analyse the cyber security landscape to ensure cyber threats to the South African Financial sector are known and adequately managed by the respective institutions.

Detailed description

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

To develop cyber frameworks / standards /and guidelines for adoption across the industry.
Apply appropriate analytical techniques, methodologies and technologies to meet the research objectives.
Produce intelligence outputs to provide an accurate depiction of the current threat landscape and associated risk.
Liaise with key internal and external stakeholders regarding current and developing cyber threats.
To plan and coordinate intelligence-based CIS (cyber and information security) penetration testing assessments (advanced simulated cyber-attacks) across the sector i.e. Banks, Insurance, and Market Infrastructures.
To develop project methodologies for external consultants to perform advanced simulated cyber-attacks on the financial sector.
Identify, collect, collate, analyse and document cyber security threats to the financial sector using threat intelligence feeds from multiple sources.
Plan and prioritise work in conjunction with team lead and other stakeholders.
Conduct ongoing research into legislative and best practice cybersecurity requirements.
Review risk and threat information in order to identify applicable gaps in the industry.

Qualifications

To be considered for this position, candidates must have:

A minimum of a Postgraduate qualification (NQF 8) in Security, Information Technology or an equivalent relevant qualification.
At least eight years’ experience in an Information security or IT Risk / cybersecurity governance environment.
Solid knowledge of risk management, compliance and Information security governance.
Have exposure to cyber risk frameworks.
Be familiar with relevant legislation.
Understanding of Cyber Risk Trends.
Knowledge of leading cyber / information security best prac

Job-related knowledge

Relevant security certification, such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified in Risk and Information Control (CRISC) Certified in Risk and Information Control (CRISC), Certified Ethical Hacker (CEH), Offensive Security Certified Professional (OSCP) or Certified Information Systems Auditor (CISA) will be an added advantage.
Problem solving and analysis.
Planning and organising.
Verbal and written communication.
Team work.
Impact & influence.

Job-related skills and attributes

Solid knowledge of risk management, compliance and Information security governance.
Have exposure to cyber risk frameworks.
Be familiar with relevant legislation.
Understanding of Cyber Risk Trends.
Knowledge of leading cyber / information security best practices.

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.

Executive Management Department

Job Description

Brief description

The main purpose of this position is to provide administrative support to the performance scorecard function, ensuring the smooth operation and effectiveness of the South African Reserve Bank’s (SARB) performance management system. This includes performance data preparation and management and reporting and operational support, ensuring accuracy, consistency, reliability and the timely delivery of performance information in line with the SARB’s performance management governance framework.

Detailed description

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

Provide administrative support for scorecard review meetings and workshops.
Manage and maintain documentation related to the SARB’s scorecard system.
Coordinate the scheduling of departmental strategic reviews to ensure that the timelines for submissions of the SARB’s strategic performance reports are met.
Generate performance reports from data collected within the SARB’s scorecard system.
Validate the accuracy, reliability and usefulness of the information in departmental scorecards for the SARB’s strategic performance reports, ensuring performance data integrity, consistency and adherence to established standards in the SARB’s reporting guidelines.
Recommend areas for improvement in the performance measurement system of the SARB.
Manage client and stakeholder relationships.

Qualifications

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

a minimum of a post-matric Certificate (NQF 5) in Business, Strategy, Policy and/or Performance Management or an equivalent qualification; and
at least three to five years’ experience in records and document management.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
continual improvement;
continued learning and/or professional development;
group strategy;
stakeholder engagement;
group strategy reporting;
written and verbal communication skills;
project management skills; and
problem-solving and analytical 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.

System Tester (Regional Settlement Services)

Job Description

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

Conduct functional, integration, usability, configuration, system, regression and user acceptance testing and market testing.
Review business and functional requirements and assist in gap analysis to ensure that comprehensive testing can be performed.
Assist with the analysis of business requirements and gap analysis to ensure comprehensive testing can be performed.
To assist and consolidate the test strategy, test plan, test closure, test cases, and scenarios (including test estimation) to ensure a structured approach during testing.
Compile and execute test cases and scenarios (including test estimation) to ensure a structured approach during testing.
Co-ordinate regional payment system participants in relation to testing activities.
Perform defect management to ensure high-quality solutions.
Produce and communicate progress for all testing efforts, results, activities, data, logging and tracking.
Produce quality reports (encapsulating test results and statistics) to support the final approval for implementation of the solution.
Assist with the compilation of user and training manuals.
Collaborate with test analysts, analysts, designers, developers, project managers and system owners in the testing of new requirements.
Communicate delays on test execution and defects related issues/risks timeously to the relevant stakeholders.

Qualifications

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

A minimum of a Bachelor degree OR Advanced Diploma OR equivalent; and
ISTQB Foundation Level Certification
two to five years’ experience within an IT environment, specifically in the area of testing.

Additional requirements include:

Industry, organisational and business awareness knowledge and skill
Continuous improvement knowledge and skill
National Payment systems knowledge and skill
Cross-border payment systems knowledge and skill
IT enablement legislation and governance, risk and compliance
Application design and development
Quality assurance
conceptual thinking skills;
effective communication skills;
a drive for results;
ability to work in a team;
service and stakeholder focus;
building and maintaining relationships; and
judgement 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.

Business Analyst (Regional Settlement Services)

Job Description

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

Take responsibility for driving business analysis initiatives from initiation to implementation on projects.
Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definitions and the identification of business requirements/needs.
Review business processes and procedures, elicit and analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
Elaborate on the scope and feasibility of solutions, and develop the supporting business case.
Assist with the change requirements and provide specifications.
Investigate problems and propose solutions by interacting with users, developers, testers and other stakeholders.
Develop manuals and plans, and present training courses in support of implementation.
Support project testing activities
Stay abreast of changes to analytical tools and methodologies, identify opportunities to improve and standardise work processes, and apply these in own work.
Engage in multiple initiatives simultaneously and take on a project management role in some initiatives.
Plan, organise, control, manage and evaluate the work of team members and administer human capital functions.

Qualifications

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

An Honours’ degree in Technology or Finance; and
a minimum of five years’ experience within a business analysis environment.

The following would be an added advantage:

a Diploma in Business Analysis; and
experience in banking, with a focus on settlement, cross-border payment services, or back-office banking systems.

Additional requirements include:

an understanding of banking systems and reports;
driving results;
managing complexity and ambiguity;
leading change;
planning and organising skills;
developing and growing others;
judgement and decision-making skills;
resilience;
impact and influence; and
building 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.

Manager: Financial Markets Infrastructure Supervision

Job Description

Brief description

The main purpose of this position is to provide managerial leadership and to analyse and assess inter-disciplinary market infrastructure regulation and principles for the day-to-day supervision of prudential regulated financial market infrastructures (FMIs).

Detailed description

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

Develop short-term goals, align teamwork and tasks with divisional goals and provide input into the development of policies and processes.
Analyse, collate and provide management information for planning and budgeting.
Manage the delivery of work objectives of the analysts through the allocation and monitoring of work and manage the accountability of resources.
Ensure that FMIs adhere to the principles for financial market infrastructures (PFMIs) and comply with minimum supervisory standards.
Conduct relevant research to align with international best practice compliance and standards.
Provide accurate and meaningful information for both domestic and international consumption.
Represent the South African Reserve Bank (SARB) in industry meetings and express the SARB’s case within the given mandate and parameters.

Qualifications

Job requirements

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

a postgraduate degree (NQF 8) in Accounting, Economics, Finance or Risk Management;
10 years’ experience in the FMI sector or FMI policy environment; and
two years’ experience in managing a team.
- Prudential Authority (PA) supervision, regulation and legislation;

Additional requirements include knowledge of and skills in:

financial markets and instruments;
relevant policies and procedures;
research methodologies;
PFMIs;
report writing;
problem-solving and analysis;
verbal and written communication;
interpersonal skills;
sound judgement;
strategic thinking;
bias for action;
confidentiality;
decision-making; and
mentoring and coaching.

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.

Data Sourcing Methodologist

Job Description

Brief description

The purpose of this position is to design, maintain and oversee the implementation of data sourcing methodologies within the Economic Statistics Department (ESD) to ensure data quality for the compilation of economic statistics.

Detailed description

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

Assess and evaluate current data sourcing methodologies within ESD on an ongoing basis and, where appropriate, provide recommendations.
Continually research data sourcing methodologies to identify and design the most effective instruments for the sourcing of data.
Identify the appropriate universe for the sourcing of data and draw a representative sample to ensure adequate coverage of the subject area.
Engage with external stakeholders through on-site visits and internal subject matter experts to validate the collection instrument and review business requirement specifications.
Continually research methodologies to bridge the gap of undercoverage by applying imputation rules that subscribe to best practice.
Guide, oversee and monitor the implementation of selected instruments to ensure that data quality standards are maintained.
Contribute to the compilation of project-based reports to data sourcing methodologies, implementation and data development quality levels to ensure that data quality standards are maintained.

Qualifications

Job requirements

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

a minimum of an Honours degree in Data Science, Statistics or an equivalent qualification; and
at least five to eight years’ experience in a data management environment.

The following would be an added advantage:

relevant certifications (e.g. Certified Data Management Professional Associate).

Additional requirements include:

skill in:
quality assurance;
continued learning and/or professional development;
effective communication;
analysis and problem-solving;
planning and organising;
judgement and decision-making;
industry, organisational and business awareness knowledge;
continual improvement knowledge;
information management knowledge and skill;
data integration and interoperability knowledge and skill;
reference and master data knowledge;
a drive for results;
the ability to build and manage relationships;
stakeholder and client focus;
impact and influence;
flexibility; and
innovation and creativity.

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.

Manager: Data Risk and Analytics

Job Description

Brief description

The primary objective of this position is to manage delivery by a team of Data risk analysts, thereby contributing to the effective and efficient supervision of data risk, including risk data aggregation and risk reporting (RDARR) in the financial services industry and analytics in the Non-financial Risk (NFR) Division.

Detailed description

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

Provide strategic direction and leadership to a team of analysts in terms of the development of supervisory framework/s and the ongoing supervisory practices, processes, protocols, tools, procedures, and oversight in terms of Data Risk and RDARR in the financial services industry, including the operational alignment of supervisory programmes and targets.
Manage the data analytics capability of the division to ensure the development of reports/ policies/ procedures and guide the process through the alignment of these documents to the overall Prudential Authority (PA) Strategy.
Provide leadership within the Risk Support Department of the PA and support the Divisional Head: NFR in achieving the overall departmental objectives and all Data Risk and RDARR matters.
Provide technical assistance and guidance to a team of Data Risk analysts and train new analysts in line with departmental objectives and advise them on changes within the global and local environment by staying abreast of international and national developments.
Manage team deliverables, including work plans, resource allocation and management, processes and systems, and change and innovation.
Manage team performance and talent management, including the learning and development of team members and succession planning.
Contribute to the team’s compliance with the governance, risk management and information management policies and procedures relevant to the PA and the South African Reserve Bank (SARB).
Contribute to special projects in the PA.

Qualifications

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

a post-graduate degree in either in Accounting, Auditing, Banking, Computer Science, Economics, Finance, Information Management or Risk Management; and
at least eight years’ relevant working experience in the financial services or financial regulatory sector; and
two years’ or more proven experience of managing a team, would be an advantage.

The following would be an added advantage:

DAMA certification (e.g. CDMP Associate), would be an advantage;
having completed short courses in data or data-related aspects; and/or
experience in data or data-related aspects.

The following job-related knowledge and understanding is required:

an understanding of the Basel Core Principles for Banking Supervision;
Industry, organisational and an understanding of the Basel Core Principles for Banking Supervision;
an understanding of the Insurance Core Principles for Insurance Supervision;
a working knowledge of the various pieces of legislation and related supervisory frameworks applicable to financial institutions registered in South Africa and related entities;
an understanding of leveraging analytics and business intelligence tools to provide actionable insights that drive decision-making and improve business outcomes.
an understanding of the key issues and risks facing financial institutions registered in South Africa and related entities, with a specific focus on Data risk and RDARR;
An understanding of technologies used in data governance and management (e.g., Collibra, Alation, Informatica, etc.)
knowledge of the SAM solvency framework;
knowledge and understanding of good corporate governance;
knowledge of, and experience in, the financial system, financial products, and risk models and systems;
knowledge of the Basel framework at both a theoretical and a practical level;
knowledge of relevant RDARR practices and standards;
Knowledge of data governance and data management practices; and
understanding and experience in Data risk and RDARR Audits and or Quality Assurance.

The following job-related skills and attributes are required:

thought leadership;
problem solving and analysis;
financial and business acumen;
people management skills; and
influencing, building 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.

Divisional Head: Financial Conglomerate Supervision

Job Description

Brief description

The primary objective of this position is to provide strategic direction and managerial leadership to the supervision of large complex financial groups, financial conglomerates and designated systemically important financial institutions (SIFIs), and to ensure the financial soundness and sound governance of the institutions under his/her supervision.

Detailed description

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

Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision;
Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
- Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs;
- Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division;
- Identify, assess and escalate key risks, and react to key indicators of risks within the department;
- Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division;
- Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
- Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
Manage the operationalization and implementation of decision-making frameworks, protocols and procedures;
Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
Manage the performance and development of direct reports;
Create a performance culture in the division; and
Coach and manage the career development of employees in the division.

Qualifications

Job requirements

To be considered for this position, candidates must have:

at least a Postgraduate Degree in Accounting, Banking, Economics, Finance and/or Insurance; and
at least 10 years’ experience in a regulatory agency, the banking sector, the insurance sector and/or financial services sector.
At least 5 years in a senior management position managing multi-functional teams

Job-related knowledge

General management
The financial sector, specifically banking, insurance and the securities industries
Financial management
Corporate governance and risk management practices and standards
The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles
The Solvency Assessment & Management (SAM) Framework;
The Basel III Capital Framework; and
Human resources policies and procedures.

Job-related skills and attributes

Analysis and problem solving;
Planning and organising;
Communication (verbal and written);
Financial and business acumen;
Attention to detail; and
Confidentiality.

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.

Divisional Head: Financial Conglomerate Supervision

Job Description

Brief description

Detailed description

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

Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision;
Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
- Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs;
- Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division;
- Identify, assess and escalate key risks, and react to key indicators of risks within the department;
- Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division;
- Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
- Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
Manage the operationalisation and implementation of decision-making frameworks, protocols and procedures;
Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
Manage the performance and development of direct reports;
Create a performance culture in the division; and
Coach and manage the career development of employees in the division.

Qualifications

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

at least a Postgraduate Degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
at least ten (10) years’ experience in a insurance sector or insurance supervison
five (5) years in a senior management position with people management responsibilities.

Additional requirements include:

Job related knowledge:

General management;
The financial sector, specifically insurance and the securities industries;
Financial management;
Corporate governance and risk management practices and standards;
The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles;
The Solvency Assessment & Management (SAM) Framework;
The Basel III Capital Framework; and

Job related skills and attributes:

Analysis and problem solving;
Planning and organising;
Communication (verbal and written);
Financial and business acumen;
Attention to detail; and
Confidentiality.

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.

Associate Supervisory Framework Analyst (x2)

Job Description

Brief description

The purpose of this position is to develop and refine supervisory frameworks through the scanning of the regulatory and supervisory framework environment against domestic policy and international best practices and standards to ensure the effective and consistent supervision of the Prudential Authority (PA)-regulated financial institutions.

Detailed description

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

Conduct research relating to the latest changes in the regulatory frameworks within the PA-regulated financial sectors and conduct in-depth assessments on whether these frameworks are applicable to the PA supervisory framework.
Develop new and refine existing PA supervisory guidelines in line with the PA regulatory framework and international supervisory best practices.
Apply analytical tools for assessing the consistency and efficiency of the PA’s supervisory practices.
Assist in planning, defining the scope and objectives of the quality assurance reviews and setting up of the quality assurance programme to address objectives.
Execute the quality assurance programmes, including evaluating the results of quality assurance reviews and preparing recommendations.
Assist with planning the annual environmental scanning/benchmarking projects for the team based on the changes to the local and international regulatory and supervisory frameworks and best practices.
Engage with and present to PA stakeholders on the draft supervisory frameworks and guidelines, quality assurance reviews and other related documents.
Contribute towards the continuous improvement process within the PA supervisory framework team.
Provide input into the development and implementation of the PA regulatory framework.
Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

Job requirements

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

a minimum of a Bachelor’s degree in the fields of Commerce, Compliance, Law or an equivalent qualification; and
a minimum of five years’ experience in internal auditing, compliance, regulation, supervision, risk management or quality assurance.

Additional requirements include:

regulatory and supervisory awareness;
quality assurance;
continuous improvement;
data analysis and management information reporting;
coaching skills;
presentation and interpersonal skills;
conceptual thinking;
planning and organising skills;
effective communication skills;
developing and maintaining relationships;
analytical and problem-solving skills;
resilience;
service and stakeholder focus;
teamwork; and
judgement 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.

Risk and Compliance Coordinator

Job Description

Brief description

The main purpose of this position is to drive and coordinate the implementation and maintenance of the risk and compliance management frameworks, programme and reporting processes for the Prudential Authority (PA).

Detailed description

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

Coordinate and facilitate the implementation of the risk and compliance frameworks for the department.
Utilise the available risk management, compliance and audit tools to monitor and report on related issues to ensure sound governance.
Schedule and facilitate regular compliance risk assessments to verify adherence with legislation, standards and policy requirements of the South African Reserve Bank (SARB).
Schedule and facilitate regular operational and specialised risk assessments, including business impact and business continuity plan assessments, and coordinate incident response and recovery.
Monitor and track management action plans for strategic, operational cyber and physical security and compliance risk.
Create risk (including cyber and physical security) and compliance awareness within the PA through campaigns and appropriate media.
Assist with other risk and compliance-related duties on an ad hoc or project basis as requested by management.
Proactively monitor and track external regulatory obligations.
Stay abreast of developments in risk and compliance, ensure application thereof and update applicable documents.
Coordinate and support employees with the completion of annual declarations.
Log and report risk incidents on the SARB’s centralised risk incident tool and monitor action plans.

Qualifications

Job requirements

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

a National Diploma (NQF 6) in Auditing, Compliance Management, Finance or Risk Management; and
a minimum of three to five years of experience in a risk, compliance or audit facilitation environment.

The following would be an added advantage:

ISO22301 training (fundamental); and /or
ISO22301 Lead Implementer certification

Additional requirements include:

knowledge and understanding of:
- industry, organisational and business awareness;
- quality assurance;
- continual improvement;
- continual learning and/or professional development;
- risk and compliance strategy;
- legislation, governance, risk and compliance;
- risk and compliance planning, assessment facilitation, monitoring and reporting;
- risk and compliance administration;
- risk and compliance information management;
problem-solving and analytical skills;
planning and organisational skills;
a drive for results;
verbal and written communication skills;
interpersonal skills;
impact and influence;
learning focus;
teamwork skills;
the ability to build and maintain relationships; and
judgement 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.

Divisional Head – Prudential Supervisory Framework

Job Description

Brief description

The main purpose of this position is to provide managerial, leadership and strategic direction to the Supervisory Framework Team and the Prudential Authority (PA) Project Management Office in its responsibility of developing and maintaining frameworks, guidelines and methodologies that support the PA’s supervisory approach and the execution of strategic regulatory projects. This position is also responsible for overseeing and facilitating the PA’s project and change management approach across the four PA departments.

Detailed description

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

Provide strategic direction and manage and lead the division through day-to-day oversight of the development and implementation of the PA’s supervisory framework and guidelines as applied through ongoing supervision in line with its prudential mandate.
Provide strategic direction and manage and lead the division by ensuring the PA’s strategic regulatory projects and change management initiatives are executed in line with the PA’s and South African Reserve Bank’s (SARB) processes.
Manage the development and implementation of tactical measures for monitoring international and domestic supervisory developments and assess the relevance and applicability thereof to the PA’s supervisory framework.
Manage the development and refinement of the PA’s quality assurance methodology, which informs how quality assurance reviews are conducted by the division, against approved supervisory guidelines.
Determine annual quality assurance plans in line with the PA’s quality assurance methodology and manage the approval of these plans by the relevant PA governance structures.
Develop and instil a supervisory culture that is pre-emptive, risk-based, outcomes-focused and principles-based.
Represent the PA by participating in internal and external domestic and international forums.
Manage the division’s governance, risk and compliance as required and ensure that risks are identified, assessed and mitigated.
Manage the performance and development of direct reports, creating a performance culture, and coach and manage the career development of employees in the division.
Lead, enable and encourage change, innovation and collaboration both within the division and across the four PA departments.
Contribute to the PA’s and SARB’s strategic initiatives, specifically those with a direct impact on the PA’s supervisory approach and framework.

Qualifications

Job requirements

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

a postgraduate degree (NQF 8) in Accounting, Compliance, Internal Audit, Law or Risk Management; and
10 to 12 years of experience in financial sector regulation or similar environments, with at least five of those years spent in a management role.

Additional requirements include:

skill in:
leadership and management;
problem-solving and analysis;
planning and organisation;
strategic decision-making;
verbal and written communication;
business acumen;
strong drive for task execution;
knowledge of and skill in:
general management;
strategy development and implementation;
best practice supervisory processes, practices, standards and frameworks;
the Basel Framework and Solvency Assessment and Management;
the banking system and insurance industry;
financial market infrastructures;
key risks facing financial entities and conglomerate groups;
financial and banking products; and
risk models and systems.

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.

Data Statistical Steward

Job Description

Brief description

The main purpose of this position is to act as a data statistical steward and provide support to the Economic Statistics Department of the South African Reserve Bank (SARB) in the management and oversight of data assets in order to provide the SARB with high-quality and consistently accessible statistics.

Detailed description

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

Prepare and provide accurate and reliable data in support of statistics for policy decisions.
Acquire new data sources in order to expand the range of economic statistics to enable more effective policy decision-making.
Create and maintain consistent metadata in a manner that allows for clear and unambiguous data definition that meets all legislative, quality and security requirements.
Create and maintain business metadata for published statistics and data sources to ensure that it is easily discoverable and meaningful to consumers.
Monitor published statistics for usage, relevance and quality feedback.
Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry and ensure consistency in data usage across various systems.
Proactively identify and resolve data and statistics integrity and quality issues.
Stay abreast of developments in all functional areas relevant to data management and ensure appropriate application thereof.
Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

Qualifications

Job requirements

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

the minimum of a Bachelor’s degree in Computer Science, Information Technology or Mathematics, or an equivalent NQF 7 qualification; and
at least three to five years of experience in a data management environment.

The following would be an added advantage:

relevant certifications (e.g. Certified Data Management Professional).

Additional requirements include:

industry, organisational and business awareness and knowledge;
enterprise information management (EIM) strategy knowledge;
EIM legislation and governance, risk and compliance knowledge;
EIM reporting knowledge;
information governance knowledge;
data storage and operations knowledge;
metadata management knowledge;
effective communication skills;
analytical and problem-solving skills; and
innovation and creativity.

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.

Senior Manager – Business Intelligence and Collaboration

Job Description

Brief description

The main purpose of this position is to provide leadership in ensuring the effective delivery of information through new and existing business intelligence (BI) and collaboration solutions in support of the South African Reserve Bank’s (SARB) information technology (IT) strategy.

Detailed description

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

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

Qualifications

Job requirements

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

an Honours degree (NQF 8) or an equivalent qualification;
10 to 12 years’ experience in the IT environment; and
a minimum of five years’ experience in general management.

The following will be an added advantage:

a qualification in information management;
experience in an IT technical environment, with the emphasis on BI and analytics and collaboration toolsets and concepts;
experience in the financial and banking industry; and
the ability to manage a team of IT and data management specialists.

Additional requirements include:

knowledge of the software development life cycle and agile concepts;
experience in the management of service providers;
experience in leading change;
managing complexity and ambiguity;
have a high degree of self-motivation and drive;
an ability to work after office hours, when necessary; and
skills in:
project management;
problem-solving and analytical thinking;
strategic and conceptual thinking;
innovation and creativity;
judgement and decision-making;
leadership;
negotiation;
interpersonal relationships and communication (verbal and written); and
presentation.

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.

Investigator

Job Description

Brief description

The main purpose of this position is to investigate non-compliance of regulated entities with relevant legislation and to facilitate sanctions and enforcement decisions taken by the Prudential Authority (PA), including the resolution of failed non-systemically important supervised institutions.

Detailed description

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

Work closely with the senior manager in developing standards, processes and procedures related to investigation within the PA.
Analyse and provide guidance to the frontline teams in relation to the execution of sanctions and enforcement decisions.
Conduct investigations into matters relating to non-compliance by regulated institutions with relevant legislation (e.g. insurance and banking legislation).
Report investigation findings and provide recommendations to the relevant authority within the PA.
Assist the frontline teams with the execution of sanctions and enforcement decisions.
Provide secretariat support services to the PA Regulatory Action Committee, including, but not limited to, the preparation of agendas and minutes.
Support the Chief Executive Officer of the PA in following up on and actioning matters, and ensuring the decisions thereon are implemented.
Ensure that matters of non-compliance by regulated institutions with relevant legislation are appropriately channelled and addressed.
Maintain a database of matters relating to non-compliance with relevant legislation.
Promote awareness across the PA with regard to processes and procedures of matters relating to non-compliance with relevant legislation.
Work closely with the senior manager in developing standards, processes and procedures related to the resolution of failed non-systemically important supervised institutions.
Engage with external and internal stakeholders, displaying the ability to solicit information and communicate a clear and coherent message

Qualifications

Job requirements

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

a relevant Bachelor’s degree in Law, Compliance or Finance; and
at least five to eight years’ postgraduate experience in litigation or forensic work (i.e. investigation or prosecution/litigation of commercial cases).

The following would be an added advantage:

an applicable Honours degree; and
knowledge of, and experience in, insolvency law and/or insolvency proceedings.

Additional requirements include:

proven forensic skills and/or in-depth knowledge of the law of evidence;
a good command of the English language and sound report writing abilities;
experience or sound knowledge in the banking and/or insurance industries;
interviewing knowledge and skill, including under-oath interviews;
the ability to gather and analyse evidence and information;
investigation report writing knowledge and skill, with a particular focus on accurate referencing to underlying evidence;
the ability to provide useful litigation assistance to the PA and relevant external agencies;
recovery of capital knowledge and skill; and
investigations administration knowledge and skill.

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.

Associate Macroprudential Specialist

Job Description

Brief description

The main purpose of this position is to help create and implement frameworks for monitoring systemic risks and conducting stress tests to ensure the robustness and stability of the financial system. This includes advising policymakers on emerging financial risks and vulnerabilities as well as assessing the soundness of financial institutions under various stress scenarios.

Detailed description

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

Assist in developing and implementing monitoring frameworks for systemic risk in domestic financial institutions.
Analyse new data and reconcile it with historical trends and other relevant data and sources.
Conduct research to inform the assumptions and relationships that underpin economic and other models.
Help build simple models, run short-term simulation exercises, and analyse and explain model results.
Compile thorough, comprehensive and descriptive reports.
Understand and apply all methodological standards, techniques and protocols relevant to your work.
Prepare briefings and presentations on research findings and economic analysis, and present these to the internal team.
Support the skills development of junior specialists by providing guidance on the subject matter within your own scope of work.
Assist in developing and implementing top-down and bottom-up stress testing frameworks, including methodologies, processes and models.
Support the execution and reporting of stress testing exercises in the financial system to provide advice to policymakers.
Support the senior macroprudential specialists in coordinating and analysing stress testing results with relevant stakeholders.

Qualifications

Job requirements

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

a Bachelor’s degree (NQF 7) in Economics, Finance or Statistics, or an equivalent qualification;
at least two to five years’ relevant job-related experience; and
a strong background in economics or econometrics.

Additional requirements include:

knowledge of economic and financial theories;
knowledge of macroprudential policies;
understand stress testing in the banking/insurance sectors or a similar environment;
knowledge of regulatory frameworks and international standards;
experience with macroeconomic and/or microeconomic modelling;
experience with data analytics and associated software packages;
the ability to manage time and work on multiple projects simultaneously;
facilitation and presentation skills;
strong interpersonal skills;
excellent verbal and written communication skills; and
proficiency in Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.

In line with the South African Reserve Bank’s (SARB) commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.

Cyber Security Specialist – Cloud

Job Description

Brief description

The main purpose of this position is to research, design, develop, implement and mature technologies and solutions related to Cyber Security Operations (CSO) within the Business Solutions and Technology Department of the South African Reserve Bank (SARB).

Detailed description

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

Provide technical expertise as input into cloud security capabilities and appropriate controls for departmental/SARB Group projects to contribute towards business objectives.
Provide operational and management support through effective reporting and dashboard creation where relevant.
Design and deploy industry-aligned cloud security solutions to meet business requirements.
Use and maintain cloud security technologies to identify potential security issues across technologies, solutions and applications within the SARB Group.
Respond to minor security breaches by implementing operational countermeasures, including making technical configuration changes.
Support the investigation and containment of major incidents using advanced information.
Innovate, design and implement opportunities for improvements/enhancements, integration, consolidation and automation to ensure cost-effective and optimal use of CSO technology and resources in support of protecting business solutions.
Research and keep abreast of new and changing cloud and cybersecurity technologies and architectures.
Scan the external threat landscape and identify vulnerabilities within SARB Group solutions and assist solution owners with remediation activities relating to ever-evolving cyber threats.
Provide technical input into addressing audit findings, penetration tests, threat intelligence-based ethical red teaming (TIBER) and other risk assessments.
Work closely with the governance teams to develop policies, standards and a Group Cybersecurity Strategy.
Attend to service and incident requests and ensure the resolution thereof within agreed service level standards.

Qualifications

Job requirements

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

a minimum of a Bachelor’s degree in Information Technology (IT) (NQF 7) or an equivalent qualification;
relevant cybersecurity certifications such as CompTIA CASP+; and
5-7 years of job-related experience in a security operations environment and related systems (e.g. Active Directory; Cloud Access Security Broker; database activity monitoring; endpoint detection and response; security information and event management; security orchestration, automation and response; vulnerability assessment; scanners; Azure; and Entra.

The following will be an added advantage:

technology-specific cybersecurity certifications.

Additional requirements include:

industry, organisational and business awareness;
quality assurance knowledge and skills;
the ability to take a forensic approach to challenges;
continued improvement, learning and/or professional development skills;
knowledge in Active Directory; Cloud Access Security Broker; database activity monitoring; endpoint detection and response; security information and event management; security orchestration, automation and response; vulnerability assessment; scanners; Azure; and Entra;
networking security knowledge;
the ability to use logic and reasoning to identify the strengths and weaknesses of IT systems from a cybersecurity perspective;
testing knowledge;
operations knowledge;
effective communication skills;
analytical and problem-solving skills;
judgement and decision-making skills;
a drive for results;
learning focus;
team focus;
planning and organisational skills;
service and stakeholder focus; and
the ability to build and maintain 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.

Database Administrator: Cloud

Job Description

Brief description

The main purpose of this position is to administer, maintain, install and support the database management systems for the South African Reserve Bank (SARB).

Detailed description

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

Respond to unplanned system outages by investigating, troubleshooting and remediating.
Maintain user access as per the User Access Management Policy.
Securely install and administer the database to enhance the resilience, redundancy and continuity thereof.
Provide first-level database support to end users in all departments, including proactive preventative maintenance and upgrades of the database management system.
Schedule database backup and design recovery plans and procedures.
Stay abreast of industry database developments and best practices and apply these where relevant
Provide technical input (technical diagrams, technical procedures and work instructions) on the development of knowledge base articles to preserve technical knowledge.
Produce monthly database reports in line with business requirements.
Establish and maintain stakeholder relationships with vendors to ensure the efficient running of the database management systems.

Qualifications

Job requirements

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

a minimum of a National Diploma in Information Technology (IT) (NQF 6) or an equivalent qualification;
database administrator certification; and
2-5 years of database-related experience.

Additional requirements include:

database administration knowledge and skill;
industry, organisational and business awareness knowledge and skill;
quality assurance knowledge and skill;
continual improvement knowledge and skill;
operations knowledge and skill;
IT governance knowledge;
IT reporting skills;
systems integration knowledge and skill;
systems support knowledge and skill;
capacity and availability management knowledge and skill;
conceptual thinking;
verbal and written communication skills;
analytical and problem-solving skills;
planning and organisational skills;
attention to detail;
a drive for results;
service and stakeholder focus;
teamwork skills;
learning focus; and
judgement.

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.

Human Resources Department

Developer

Job Description

Brief description

The main purpose of this position is to develop and support business intelligence (BI) solutions, under the supervision of more senior developers, to meet the business needs of the South African Reserve Bank Group (SARB Group).

Detailed description

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

Engage in short-term planning and perform tasks against work plans as defined in conjunction with more senior developers.
Conduct analysis and design quality BI solutions according to the specifications provided and approved business requirements, and in line with governance frameworks.
Deliver quality BI solutions through development, integration, testing and deployment, according to the approved design specifications and within agreed timelines.
Develop BI solutions that adhere to prescribed information and communication technology (ICT) standards and procedures.
Consistently provide BI solutions maintenance and support in the designated area and ensure business continuity in line with the agreed service standards.
Keep abreast of ICT developments and trends within specialised area of technology in order to develop and design the most appropriate BI solutions.
Actively participate as a member of a team, to move the team towards the completion of goals.
Engage with the internal and external user community to ensure that business benefits are realised.

Qualifications

A National Diploma (NQF 6) in Information Technology (IT) or an equivalent qualification;
BI certification;
at least 2–5 years of experience in BI solutions development; and
exposure to BI Technologies such as (MS Power BI, SAS, Oracle BI, MS Fabric, Denodo, Teradata, Oracle ODI, Informatica, MS SSIS, SSRS) would be an advantage.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
continuous improvement;
continued learning and professional development;
business continuity and planning;
IT enablement planning;
IT transformation and innovation;
release management;
application design, configuration and development;
application support and maintenance;
infrastructure design and development;
systems integration;
workload estimation; and
technical analysis.

Applications Technical Specialist

Job Description

Brief description

The main purpose of this position is to support, maintain and enhance the Business Solutions and Technology Department (BSTD) applications to ensure systems availability, systems health and optimal performance.

Detailed description

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

Support the BSTD applications by monitoring the underlying environments (databases and application servers) to ensure capacity management, systems availability and optimal performance.
Maintain the BSTD applications by applying corrective measures (e.g. patches, upgrades, bug fixes, etc.).
Proactively monitor all application upgrades, new releases and product replacements that could affect the assigned application.
Configure the application infrastructure to ensure optimal performance and install new features to enable new functionality.
Investigate and resolve medium-high complexity technical issues by interacting with users, developers and other stakeholders on allocated applications.
Provide reporting and recommendations on solution performance and systems availability to senior management and relevant stakeholders.
Proactively manage business and stakeholder relationships with respect to application support.
Keep abreast of best practices and technologies related to BSTD as well as ensure the application thereof where relevant.
Impart knowledge of the technical environment to the systems development team.
Maintain compliance to security and application standards.

Qualifications

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

a Bachelor’s degree in Computer Science (NQF 7), Information Management or Information Technology or an equivalent qualification; and
six to eight years’ experience in deploying, supporting, maintaining and enhancing the application server environments for document management applications.

Technical Requirements

solid knowledge of:
Microsoft Windows Server, IIS, TCP/IP, VLAN;
MS SQL server and SSRS;
Appworks or workflow management environments;
experience with the Vizor product suite; and
experience in administering document management applications.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
continuous improvement;
continued learning and professional development;
business continuity and planning;
IT enablement planning;
IT transformation and innovation;
release management;
application design, configuration and development;
application support and maintenance;
infrastructure design and development;
systems integration;
workload estimation; and
technical analysis.

Social Media Officer

Job Description

Brief description

The main purpose of this position is to create, manage and maintain the South African Reserve Bank’s (SARB) social media platforms to ensure an interactive and engaging social media presence and brand awareness.

Detailed description

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

Create, develop and tailor relevant content for the SARB’s social media platforms, in collaboration with a multidisciplinary team within the Bank.
Develop a governance framework for the use of social media within the SARB, ensuring alignment with institutional policies and the effective deployment of platforms.
Publish SARB content across social media platforms in a timely, proactive and strategic manner.
Monitor, evaluate and analyse social media activities on all platforms to assess public sentiment and adjust strategies and plans accordingly.
Create engaging multimedia such as infographics and animated explainer videos to unpack complex concepts for consumption by the general public.
Aggregate tracked social media metrics and trends to compile consistent, insightful reports for the executive team and relevant departments in a timely manner.
Contribute to the creation of a seamless and consistent stakeholder experience across the SARB’s social media platforms and related communications channels.
Develop and manage social media policy protocols to mitigate potential risks associated with specific platforms and the use thereof.
Stay abreast of developments regarding emerging social media platforms, trends and technologies, ensuring that the SARB’s strategies remain innovative and relevant.
Build and maintain relationships with key stakeholders, including social media companies, to identify opportunities for the SARB to reach new and retain existing audiences.

Qualifications

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

A minimum of a National Diploma (NQF 6) in Multimedia Communications, Public Relations, Marketing, Communications or Advertising or an equivalent qualification.
Minimum three to five years’ experience in social media, media and stakeholder engagement, with a strong experiential background in a digital and/or social media and/or digital channel environment.

Additional requirements include:

knowledge and skill in:
industry, organisational and business awareness;
quality assurance;
stakeholder management;
digital communications channels/platforms;
campaign and solution design;
creative writing;
publication and editorial services;
communications service delivery;
communications information management;
marketing and brand management; and
multimedia;
effective communication;
conceptual thinking;
flexibility;
drive for results;
planning and organising;
teamwork;
service and stakeholder focus;
judgement and decision-making;
innovation and creativity; and
analysis and problem-solving.

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.

Click here to apply

We wish you all the best with your applications

The post South African Reserve Bank appeared first on Vacancies with Collen.

Cyber Security Risk Analyst

Qualifications

Executive Management Department

Job Description

Qualifications

System Tester (Regional Settlement Services)

Job Description

Qualifications

Business Analyst (Regional Settlement Services)

Job Description

Qualifications

Manager: Financial Markets Infrastructure Supervision

Job Description

Qualifications

Data Sourcing Methodologist

Job Description

Qualifications

Manager: Data Risk and Analytics

Job Description

Qualifications

Divisional Head: Financial Conglomerate Supervision

Job Description

Qualifications

Divisional Head: Financial Conglomerate Supervision

Job Description

Qualifications

Associate Supervisory Framework Analyst (x2)

Job Description

Qualifications

Risk and Compliance Coordinator

Job Description

Qualifications

Divisional Head – Prudential Supervisory Framework

Job Description

Qualifications

Data Statistical Steward

Job Description

Qualifications

Senior Manager – Business Intelligence and Collaboration

Job Description

Qualifications

Investigator

Job Description

Qualifications

Associate Macroprudential Specialist

Job Description

Qualifications

Cyber Security Specialist – Cloud

Job Description

Qualifications

Database Administrator: Cloud

Job Description

Qualifications

Developer

Job Description

Qualifications

Applications Technical Specialist

Job Description

Qualifications

Social Media Officer

Job Description

Qualifications

Share this:

Like this:

Leave a ReplyCancel reply