SARB Jobs

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Executive Personal Assistant

Job Description

Brief description

The main purpose of this position is to provide administrative support and assistance to the Office of the Chief Operating Officer (COO) at the South African Reserve Bank (SARB).

Detailed description

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

Manage and maintain the managers’ diaries, including making logistical arrangements for appointments and travelling commitments in liaison with relevant personnel.

Receive, screen and respond to incoming telephone calls using own initiative and, where applicable, deal with queries and/or route calls to appropriate people.

Prepare and edit correspondence, communication, presentations and other documents, and conduct basic research and analysis for this purpose, where necessary.

Ensure that all incoming and outgoing correspondence (electronic mail or otherwise) is registered and filed in accordance with the File Plan of the SARB.

Keep track of documents, maintain a registry, and compile weekly reports for follow-ups.

Collate and coordinate project-based and other information.

Review the operating practices in own area and implement improvements, where necessary.

Maintain positive internal and external relationships on behalf of the managers, engaging with members of staff and other stakeholders at all levels of seniority.

Create and maintain a contact database for the managers’ offices as well as a filing system in accordance with the SARB’s File Plan.

Perform the day-to-day duties in an ethical manner that involves maintaining absolute confidentiality in all matters related to the managers’ offices.

Serve on relevant divisional, departmental and/or SARB-wide project teams based on experience, skill and ability.

Execute any other tasks as instructed by the managers, as and when required.

Qualifications

Job requirements

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

a Matric certificate;

a Secretarial Diploma or another relevant post-Matric qualification; and

at least 6–8 years’ experience in a corporate personal assistant or equivalent environment, with experience in supporting executives.

The following would be an added advantage:

a Bachelor’s degree (NQF 7).

Additional requirements include:

proficiency in the Microsoft Office suite (Word, PowerPoint, Excel and Outlook);

knowledge of administrative and clerical procedures;

proficiency in English (verbal and written);

secretarial expertise;

excellent typing skills;

the ability to work independently and outside of normal working hours, when required;

time management and quality assurance skills;

analytical and problem-solving skills;

planning and organising skills;

the ability to work under pressure;

organisational awareness;

interpersonal skills;

adaptability; and

attention to detail.

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.

Associate Credit Risk Analyst

Job Description

Brief description

The purpose of this position is to realise the responsibilities of the Risk Support Department of the Prudential Authority (PA) in respect of the supervision and regulation of credit risk in banks, insurers and financial market infrastructures (collectively referred to as regulated financial institutions). This includes being involved in operational duties associated with on- and off-site analysis as well as being part of a team of risk specialists who are responsible for providing specialist knowledge, skills and experience in the credit risk management area.

Detailed description

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

– Conduct research and provide input into the regulatory frameworks of the regulated financial institutions (e.g., the Banks Act 94 of 1990, Insurance Act 18 of 2017, Regulations relating to Banks, Prudential and Joint Standards, circulars, directives, guidance notes, etc.) in line with international best practices.
– Stay abreast of international best practices and developments surrounding credit risk.
– Ensure widespread knowledge and understanding throughout the PA of the concepts and developments in the field of credit risk.
– Ensure regulated financial institutions’ compliance with regulatory requirements applicable to credit risk.
– Review and evaluate the strategies, policies, procedures and practices related to the granting of credit and the ongoing management of the portfolios of regulated financial institutions.
– Develop analytical methods to analyse and interpret risk-based regulatory data submissions.
– Prepare detailed reports based on the outcome of the analysis performed.
– Monitor exposures to credit risk, as reported to the PA under applicable and approved methodologies.
– Provide specialist credit risk support.
– Contribute to risk-based meetings with regulated financial institutions and their auditors.
– Interact with external credit assessment institutions when necessary.
– Participate in the internal capital adequacy assessments (ICAAP) of banks and the own risk and solvency assessments (ORSA) of insurers.
– Inform the PA of the aggregate behaviour of regulated financial institutions regarding credit risk.
– Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

Qualifications

To be considered for this position, candidates must have:

• a relevant Postgraduate qualification (NQF 8) in Accounting, Financial Management, Risk Management or Banking); and
• two to five years’ relevant working experience in the financial/banking/regulatory sector or in risk management.

Additional requirements include:

• knowledge of the risks facing regulated financial institutions;
• knowledge of financial products;
• good working knowledge of Microsoft Office software packages (i.e. Word, Excel and PowerPoint) and other related software packages;
• innovative analytical/problem-solving skills;
• strong verbal and written communication skills;
• ability to work in a team and contribute to team success;
• decision-making abilities with the ability to initiate action; and
• effective time management 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.

Senior Economist

Job Description

Brief description

The main purpose of this position is to conduct economic research of the global macroeconomy in support of the South African Reserve Bank’s (SARB) monetary policy mandate.

Detailed description

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

Conduct economic research, publish a series of economic notes and research briefs, and present the findings, adhering to the department’s research process.

Support research projects, general economic analyses and key departmental products.

Engage with SARB stakeholders, including participating in both internal and external meetings.

Contribute to the learning and development of junior specialists.

Work both independently and within a team or project-based environment.

Develop and deliver effective presentations on economic research topics to both technical and non-technical audiences, including senior executives of the SARB and the public, as required.

Qualifications

Job requirements

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

a master’s degree in economics or an equivalent qualification;

at least 8 to 12 years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics; and

proficiency in data analysis.

Additional requirements include:

a proven track record in economic analysis and research;

excellent verbal and written communication skills;

innovative thinking with strong initiative and drive;

keen attention to detail; and

a doctorate in economics will be an added advantage.

Economist

Job Description

Brief description

The main purpose of this position is to conduct economic research of the global macroeconomy in support of the South African Reserve Bank’s (SARB) monetary policy mandate.

Detailed description

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

Conduct economic research, publish a series of economic notes and research briefs, and present the findings, adhering to the department’s research process.

Support research projects led by senior members of the department and contribute to general economic analyses and key departmental products as required.

Work both independently and within a team or project-based environment.

Develop and deliver effective presentations on economic research topics to both technical and non-technical audiences, including senior executives of the SARB and the public, as required.

Qualifications

Job requirements

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

a master’s degree in economics or an equivalent qualification;

five to eight years’ experience in economic analysis, forecasting, research and/or macroeconomics, microeconomics or financial economics; and

proficiency in programming.

Additional requirements include:

a proven track record in economic analysis and research;

excellent verbal and written communication skills;

keen attention to detail; and

innovative thinking with strong initiative and drive.

Senior Information Technology Auditor

Job Description

Brief description

The main purpose of this position is to plan, conduct and report on complex information technology (IT) audit assignments in order to provide independent and objective assurance and consulting services regarding the adequacy and effectiveness of the control, risk management and governance processes of the South African Reserve Bank (SARB).

Detailed description

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

Actively contribute to the development and maintenance of policies, procedures, checklists, models, frameworks and templates governing internal auditing in the SARB.

Stay abreast of, and apply theoretical and applied developments in, the field of IT auditing, IT projects auditing and data analytics.

Conduct audit assignments and participate in a team on more complex audit environments by conducting research and compiling thorough, concise and reliable research reports.

Effectively communicate the status of internal IT audit assignments to both client management and internal audit management.

Review the work of junior auditors and provide the necessary on-the-job coaching and training.

Execute the audit programme through conducting adequacy assessments and audit tests.

Evaluate the results of audit tests and ensure that the evidence is sufficient to support the results.

Prepare audit recommendations, or parts thereof, and compile thorough, concise and reliable audit reports.

Monitor departmental responses to audit recommendations and draft progress reports.

Brief and make presentations to departments on their compliance as well as internal control processes and status.

Define the scope and objectives of audit assignments and set up audit programmes to address objectives and to assist with managing projects or assignments to targeted milestones.

Qualifications

Job requirements

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

a degree in Computer Science, Accounting or Internal Auditing, or an equivalent qualification;

the Certified Information Systems Auditor (CISA) qualification;

at least 5–8 years’ experience within an auditing environment, with a strong track record in auditing IT projects; and

at least 3 years’ experience in leading auditing assignments.

Additional requirements include:

industry, organisational and business awareness, knowledge and skill;

quality assurance knowledge and skill;

continuous improvement knowledge and skill;

risk management principles, tools, methodologies, frameworks, policies and processes knowledge and skill;

extensive experience in internal audit principles, tools, methodologies, frameworks, policies and processes;

experience in using computer-assisted audit techniques (CAATs) or performing data analytics on either Microsoft Excel or audit analytics software;

planning and organising skills;

developing and growing others;

a drive for results;

impact and influence;

building and maintaining relationships; and

conceptual thinking 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.

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 functions 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 as well as 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 the strategy.

Maintain a network of other central bankers or stakeholders in similar industries in relation to leading strategy execution trends.

Qualifications

Job requirements

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.

SWIFT Administrator

Job Description

Brief description

The main purpose of this position is to administer, maintain, install and support the South African Reserve Bank’s (SARB) payment system as well as the internal and external business processes of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) for the SARB, the Southern African Development Community real-time gross settlement (SADC-RTGS) system and the South African Multiple Option Settlement (SAMOS) system.

Detailed description

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

Respond to unplanned system outages by investigating, troubleshooting and remediating any incidents.

Establish and maintain stakeholder relationships with vendors to ensure the efficient running and maintenance of the payment systems (i.e. SWIFT Alliance suite, SWIFTNet Network and SWIFTNet WebAccess infrastructures as well as the SWIFT Hardware Security Model (HSM)).

Securely install and administer the payment systems to enhance the resilience, redundancy and continuity thereof.

Be responsible for delivering work that meets the time and quality standards set by more senior staff members.

Provide second-level support to end users in all departments (e.g. National Payment System Department, Financial Services Department and Financial Markets Department), including proactive preventative maintenance and upgrade of the payment systems.

Facilitate and coordinate the technical configuration (by vendors) to integrate payment systems into the SARB’s information technology (IT) environment.

Stay abreast of industry developments and best practice and apply these in the course of own work.

Improve and standardise work processes in the course of own work and ensure the application of standards and methods in the team.

Provide technical input (technical diagrams, technical procedures and work instructions) to the development of knowledge-based articles to preserve technical knowledge.

Qualifications

Job requirements

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

a minimum of a National Diploma in IT (NQF 6) or an equivalent qualification;

original equipment manufacturer (OEM) accreditations and/or SWIFT-related certifications; and

a minimum of two to five years’ job-related experience.

Additional requirements include:

conceptual thinking;

verbal and written communication skills;

analysis and problem-solving skills;

planning and organising skills;

attention to detail;

drive for results;

service and stakeholder focus;

teamwork;

learning focus;

sound judgement; and

knowledge and skill in:

industry, organisational and business awareness;

quality assurance;

continuous improvement;

continued learning and/or professional development;

IT enablement planning;

systems integration;

systems support;

capacity and availability management; and

IT enablement reporting.

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.

Solution Architect

Job Description

Brief description

The main purpose of this position is to develop and implement the architectural design of solutions to support the business goals and to ensure alignment of business and information technology (IT) at a solution level for the Financial Surveillance Transformation Programme (1FinSurv Programme) within the South African Reserve Bank (SARB).

Detailed description

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

Develop solution architectures for different projects and govern the end-to-end delivery of solutions to business.

Combine various domains (business, data, application and technology) and architectural as-is (baseline) and to-be (target) models with roadmaps to create an overall solution architecture and roadmap with the supporting transition architectures.

Collaborate with the Lead Solution Architect and ensure alignment between the enterprise architecture, solution architecture, architecture principles and information and communications technology (ICT) standards to ensure standardisation and reduce risk.

Ensure the developed solutions meet the business and technical requirements, both functional and non-functional.

Review of developed solutions, assist with root cause analysis of solution problems, and propose solution updates.

Ensure that solutions implemented match the architectural designs (quality control).

Contribute to the development of evaluation criteria for product evaluations, requests for information (RFIs) and requests for proposal (RFPs).

Assist the Lead Solution Architect to evaluate products and partners, based on evaluation criteria, RFIs and RFPs.

Contribute to advancing ICT standards and the optimisation of the ICT facilities in the SARB.

Demonstrate leadership by driving collaboration and a culture of knowledge sharing and teamwork.

Stay abreast of industry trends and proactively introduce improvements to existing solutions.

Provide technical expertise and assist the team in troubleshooting complex technical issues.

Qualifications

Job requirements

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

an Honours degree in Informatics, Computer Science or Engineering or related NQF8-equivalent qualification; and

at least eight years’ experience in application development (Java, Javascript, MS SQL) architecture, design, DevSecOps, enterprise architecture and/or solution architecture.

The following would be an added advantage:

relevant exposure in the payments ecosystem for interbank transfers, SWIFT and/or ISO 20022;

certification and/or experience in:

architecture frameworks and methods such as the Open Group architecture framework (TOGAF) and application data management (ADM).

architecture notations, such as ArchiMate 3.

unified modelling language (UML).

business process model and notation (BPMN); and

Openshift Container Platform (OCP).

Additional requirements include below knowledge and skills:

Understanding of OCP and the various vendor implementations thereof, i.e. Redhat, IBM etc.

DevSecOps (Development, Security and Operations), both concept, maintenance and integration of the selected solutions.

Container and microservice design and best practice.

Application, data and services design.

Message translation, i.e. ISO 20022.

System integration.

ICT industry standards.

Research.

Systems behaviour.

Transactional systems.

Software development.

Architecture views and viewpoints design.

Population of architecture repository.

Continuous improvement.

Building blocks and architecture principles design.

Architecture tools.

Solution modelling and benefits analysis.

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.

Cyber Security Specialist

Job Description

Brief description

The main purpose of this position is to research, design, develop, implement and mature cybersecurity operations (CSO)-related technologies and solutions within the Business Solutions and Technology Department (BSTD) at 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 cybersecurity 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 security solutions to meet business requirements.

Use and maintain security technologies to identify potential security issues across technologies, solutions and applications within the SARB Group.

Respond to minor security breaches by effecting 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 the cost-effective and optimal use of CSO technology as well as resources in support of protecting business solutions.

Research and keep abreast of new and changing cybersecurity technologies and architectures.

Scan the external threat landscape and identify vulnerabilities within SARB Group’s solutions.

Assist solution owners with remediation activities relating to the ever-evolving cyber-threats.

Provide technical input into addressing audit findings, penetration tests, TIBER and other risk assessments.

Work closely with the governance teams to develop policies, standards and a SARB 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:

the minimum of a Bachelor’s degree (NQF 7) in Information Technology (IT) or an equivalent qualification; and

the minimum of 5–7 years of job-related experience working in a security operations environment and related systems, for example:

AD (Active Directory);

Microsoft (MS) Entra ID (Azure) and M365 Could Security;

PowerShell Scripting;

Certification Authority;

Mimecast;

Center for Internet Security (CIS) policy management;

Silverfort (UIP);

Tenable; and/or

password management solutions.

The following would be an added advantage:

a relevant cybersecurity certification such as CompTIA CASP+; and/or

technology-specific certifications.

Additional requirements include:

industry, organisational and business awareness;

quality assurance knowledge and skills;

continuous improvement;

continued improvement and/or professional development;

networking security knowledge;

testing knowledge;

operations knowledge;

effective communication skills;

analytical and problem-solving skills;

judgement and decision-making skills;

a drive for results;

a learning focus;

a team focus;

planning and organising;

a service and stakeholder focus; 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.

Business Operations Officer

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.

Human Resources Department

Senior Business Intelligence Reporting Specialist

Job Description

Job title: Senior Business Intelligence Reporting Specialist

Location: Head Office, Pretoria

Organisation name: Data Management and Analytics Division

Department description: Financial Stability Department

Brief description

The main purpose of this position is to design, develop and manage business intelligence (BI) reporting and self-service data solutions that enable timely and actionable insights in support of departmental strategic objectives.

Detailed description

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

Identify value-driving opportunities for the application of advanced and proactive reporting solutions in achieving the departmental mandate.

Define, execute and take accountability for the analysis and reporting use cases that derive insights across key departmental subject areas.

Lead the identification, sourcing and management of relevant structured and unstructured data from various sources to ensure comprehensive and accurate reporting.

Design and develop robust self-service data models and interfaces which are reusable, modular, scalable, deployable, reproducible and versioned for analysis and reporting purposes.

Take accountability in all aspects of self-service analytics solutioning and reporting, from scoping and design to data sourcing, development, validation, deployment, maintenance, enhancement, optimisation and automation.

Implement reporting and self-service solutions that enhance data accessibility and usability for end users.

Identify, manage and mitigate data profiling risks, and ensure adherence to ethical principles (fairness, privacy, transparency and accountability) with respect to data modelling and reporting.

Ensure the accuracy, reliability and timeliness of all reports, dashboards and self-service interfaces, adhering to established data governance standards.

Communicate complex technical concepts in a clear and concise manner to assist researchers, senior stakeholders and business leaders in interpreting data and insights and informing decision and policy actions.

Ensure knowledge transfer that allows business to fully integrate analytics assets in processes.

Collaborate with and proactively engage senior stakeholders from business and functional support areas across the analytics life cycle to ensure solutions are well formulated, deployed, supported and adopted.

Provide guidance and technical training and coaching to junior analysts and other team members, fostering a culture of continual learning and development.

Guide and train relevant stakeholders with regard to the use of reporting solutions and technologies.

Keep abreast of industry best practices, techniques and technologies and implement these (where relevant) to ensure value-enhancing reporting and self-service solutions.

Qualifications

Job requirements

To be considered for this position, candidates must have:

a minimum of an Honours degree (NQF8) in Economics, Mathematics, Engineering, Technology or equivalent;

relevant analytics, reporting and visualisation certifications (e.g. Microsoft PowerBI certifications); and

eight to 10 years’ experience in designing, developing, enhancing and optimising BI reporting solutions, with at least five years’ experience in leading the design, development, enhancement and optimisation of BI reporting solutions, and at least three years’ experience in leading junior analysts/data scientists.

Technical requirements include:

the ability to apply data and analytics methods to improve mission and business decisions;

a proven track record for developing self-service solutions, interactive dashboards and visual analytics solutions;

technical expertise in statistics, mathematics and analytical thinking;

strong Structured Query Language (SQL) skills for querying and manipulating datasets;

knowledge of extract, transform and load (ETL) processes and data modelling;

extensive experience in working with:

visualisation tools (e.g. PowerBI, SAS, Tableau, MicroStrategy);

descriptive statistics and exploratory data analysis (EDA);

large datasets in flat files, relational databases and distributed systems (Hadoop), with some exposure to Microsoft Azure and/or Amazon Web Services; and

large volumes of structured and unstructured data and leveraging these to build self-service and reporting solutions through end-to-end automated data pipelines.

Additional requirements include:

significant experience in working and collaborating with senior stakeholders throughout the advanced analytics life cycle;

strong communication skills and the ability to translate complex solutions into business implications as well to explain complex data modelling, analysis and reporting techniques;

strong people skills’

a team orientation;

a professional attitude;

the ability to communicate complex ideas effectively, both verbally and in writing;

the ability to manage ambiguity and complexity;

proficiency in the use of Microsoft Office products (i.e. Word, Excel and PowerPoint);

knowledge and skill in:

analysis and problem-solving;

growing and developing others;

team management;

judgement and decision-making;

building and maintaining relationships;

driving results;

planning and organising;

conceptual thinking; and

continual improvement.

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.

Applications Technical Specialist (CSS) x3

Job Description

Brief description

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

Proactively monitor all application upgrades, new releases and product replacements which would affect the assigned application.

Configure the application infrastructure to ensure optimal performance and install new features to enable new functionality.

Investigate and resolve technical issues of a medium to high complexity by interacting with users, developers and other stakeholders on allocated applications.

Provide reports and recommendations on solution performance and system 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 and ensure the application thereof, where relevant.

Impart knowledge of the technical environment to the system development team.

Maintain compliance to security and application standards.

Qualifications

Job requirements

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

a Bachelor’s degree in Computer Science (NQF 7), Information Management/Information Technology (IT) or an equivalent qualification;

six to eight years’ experience in supporting, maintaining and enhancing IT business applications; and

three years’ experience in working with IWMS, BIM or smart building environments.

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.

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 Test Analyst

Job Description

Brief description

The main purpose of this position is to oversee the design, development and execution of test strategies, test plans and test cases that verify software conformance to the defined acceptance criteria (i.e. system behaviours), feature design documents and application standards to ensure the delivery of quality solutions for the South African Reserve Bank (SARB).

Detailed description

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

Conduct functional, integration, usability, configuration, installation, system, regression, performance, user acceptance and operations readiness testing.

Perform gap analyses and analyse business requirements to ensure comprehensive testing can be done.

Create test strategies, approaches and test cases, including test estimation, to maintain a structured approach during testing.

Plan, design, develop and deploy testing techniques for new solutions, products, applications and enhancements to existing applications throughout their development life cycles.

Stay updated with advancements in information and communications technology trends, specifically within the testing field, to design and develop the most appropriate test approaches and solutions.

Generate progress and quality reports that include test results and statistics to support the final approval for solution implementation.

Assist in creating user manuals.

Engage with internal and external user communities to ensure that business benefits are realised.

Qualifications

Job requirements

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

an Honour’s degree (NQF 8) in Information Technology (IT) or an equivalent qualification;

at least 8 to 10 years’ experience in an IT environment; and

certification from the International Software Testing Qualifications Board (ISTQB) and a database or structured query language (SQL) qualification will be an added advantage.

Additional requirements include:

knowledge and skill in:

industry, organisational and business awareness;

quality assurance;

continuous improvement;

continued learning and professional development;

IT enablement legislation and governance, risk and compliance;

application design and development;

infrastructure testing;

systems development life cycle (SDLC);

manual and automation testing; and

operations.

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.

Applications Technical Support Specialist x2

Job Description

Brief description

The main purpose of this position is to provide technical support for currency management and corporate services systems and applications, ensuring systems availability and offering second-line support.

Detailed description

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

Perform regular system maintenance according to established procedures to ensure systems reliability and availability.

Provide second-line support by troubleshooting and investigating user-reported incidents to maintain business continuity.

Review application code from the supplier to ensure control and quality.

Conduct unit testing for vendor or development teams to verify quality.

Deploy application solutions provided by vendors or development teams, following set deployment procedures.

Monitor system and integration components to ensure the continuous flow of transactions.

Apply security patches to applications and systems to prevent and resolve vulnerabilities.

Participate in business continuity planning and information technology service continuity management exercises.

Adhere to change control processes in the implementation of system changes.

Qualifications

Job requirements

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

a National Diploma (NQF 6) in Information and Communications Technology (ICT) or an equivalent qualification; and

two to five years’ experience in an ICT applications support environment.

Additional requirements include:

• knowledge and skill in:
− industry, organisational and business awareness;
− quality assurance;
− continuous improvement;
− continual learning and professional development;
− applications support and maintenance;
− systems specialisation;
− IT governance, risk and compliance; and
− Linux/Unix;
• working knowledge of JBoss application server, java development and java script;
• knowledge of C# development; and
• working knowledge of Apache, F5 load balancer and XML.

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.

Economic Research Testing

Job Description

When you create a job requisition using the New Job Requisition Redwood flow, the Posting description step offers generative AI capabilities to create the requisition posting description.

•AI Assist feature uses the requisition title, department, and legal employer information entered in the job requisition to generate the posting description.

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•Click AI Assist to populate these four posting description fields: Short Description, Description, Responsibilities, Qualifications.

Financial Sector Cybersecurity Consultant

Job Description

Brief description

The primary objective of this role is to enhance cybersecurity resilience through proactive collaboration, effective coordination, timely early warning mechanisms, and comprehensive situational awareness across national, regional (Southern African Development Community) and international central banking communities. This will be achieved by establishing, facilitating and actively engaging in various cybersecurity structures and forums –including internal, inter-organisational, national, regional and international platforms – to foster collective cyber defence and enable swift and appropriate responses to cybersecurity incidents.

Detailed description

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

Facilitate national, regional and international financial (central banking) industry collaboration to strengthen cybersecurity resilience by advocating and supporting relevant legislative frameworks, establishing appropriate cybersecurity structures and actively participating in national forums as mandated under the Financial Sector Regulation Act 9 of 2017 and the National Cybersecurity Policy Framework (e.g. the Financial Sector Contingency Forum, Financial Sector Cyber Resilience Subcommittee, cybersecurity incident response teams, Cybersecurity Response Committee and National Consumer Commission).

Drive, manage and administer the Operational Security Situational Awareness initiative involving collaboration with 50 central banks. Responsibilities include coordinating fortnightly virtual meetings and handling all administrative tasks, such as agenda preparation, minutes and managing presentations and discussions. Additionally, oversee the planning and coordination of an annual in-person conference, including logistical arrangements, agenda development, issuing invitations, managing guest speakers and coordinating presentations.

Drive regional and international collaboration on cybersecurity and cyber resilience by leading and contributing to existing and new structures (e.g. the Cyber Working Group under the Committee of Central Bank Governors in the Southern African Development Community, BRICS Rapid Information Security Channel, International Monetary Fund Cyber Resilience Centre, and cyber working groups under the Bank for International Settlements).

Coordinate and align cybersecurity-related initiatives across key areas within the South African Reserve Bank (SARB) – including the Prudential Authority, Financial Stability Department, Business Solutions and Technology Department and National Payment System Department – to ensure cohesive participation and support for sectoral, national, regional and international cybersecurity efforts.

Position the SARB Group as a leader in financial sector collaboration and information-sharing to promote cyber resilience.

Develop, maintain and update the SARB Group Cyber Resilience Framework in line with collaboration efforts.

Develop, oversee the implementation of and ensure compliance with the SARB Group’s Cybersecurity Responsible Disclosure Policy.

Ensure the SARB Group drives and capacitates national and regional sector cybersecurity incident response teams and supports international response efforts.

Ensure appropriate state agency (State Security Agency, South African Police Service and National Cybersecurity Hub) involvement when dealing with incidents as part of the National Incident Management Centre structure.

Qualifications

Job requirements

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

at least an Honours degree (NQF 8) in Cybersecurity, Information Security, Information Technology or an equivalent qualification;

advanced security certifications that are not product-, security area- or technology-specific (e.g. Certified Information Systems Security Professional, Certified Information Security Manager or Certified Ethical Hacker); and

at least eight to 10 years’ experience in cybersecurity management, preferably in the financial sector.

Additional requirements include:

• knowledge and skill in:
− cybersecurity governance;
− cybersecurity incident and threat management;
− risk management;
− emergency/contingency management;
− general management;
− business continuity management;
• effective communication skills;
• conceptual thinking skills;
• the ability to plan and give advice;
• the ability to build and maintain relationships;
• impact and influence;
• a drive for results;
• negotiation skills;
• the ability to manage complexity and ambiguity;
• judgement and decision-making skills;
• interpersonal sensitivity;
• knowledge of the relevant legislation; and
• advanced computer literacy skills.

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 Information and Technology Risk Analyst

Job Description

Brief description

To develop, embed and maintain Information & Technology (I&T) risk management processes, framework and policies to enable the South African Reserve Bank (SARB) and SARB group (where applicable) to respond to risk exposures and leverage on opportunities.

Detailed description

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

To embed SARB Group risk management frameworks, methodologies, processes and systems as well as embed related policies.

To develop, maintain and embed Information & Technology (I&T) SARB risk management frameworks and ensure alignment to the SARB Group risk management frameworks.

To develop risk management quality criteria and perform quality reviews on risk management outcomes.

To identify, collate, analyse and report on emerging I&T risks to the SARB and SARB group.

To facilitate strategic Information & technology (I&T) risk management processes in the SARB and SARB group in accordance with the SARB Group Risk Management Framework.

To facilitate I&T application and general IT risk assessments to enable business to proactively manage risks relating to technology.

To assess, analyse and embed IT general risk and control for IT for business processes.

To coordinate integration of IT general risk and control for ‘IT for IT’ as well as ‘IT for business’ frameworks.

To identify and coordinate risk management training needs as well as conduct related training.

To compile and co-ordinate reporting on I&T related risk management outcomes and activities to the SARB Group’s, executives and risk oversight committees.

To develop the Bank-wide I&T risk overarching plan, co-ordinate and embed operational risk and continuous risk management across the SARB (KRIs, Risk Incidents, Emerging risks).

To develop risk awareness campaigns to educate stakeholders, influence behaviour and promote a positive as well as proactive risk management culture across the SARB and SARB Group.

To analyse risk data and information on the various risks registers to identify trends, interconnectedness/polycrisis, commonalities and create qualitative risk reporting and derive reliable business intelligence/insights for management to enable decision making.

To engage with stakeholders to provide information and support on risk management matters.

To research and benchmark leading risk management processes and developments propose improvement accordingly.

To analyse and understand the Bank’s environment (internal and external) in order to support and guide the identification of risks and opportunities to enable decision making.

To provide input to other specialised risk management processes i.e. policies, methodologies, frameworks (Financial risk management, Cyber and information security, Privacy, Physical security, strategic and operational resilience etc.).

To manage the implementation of the BSTD strategic and operational risk treatment action plans, and report on their progress and impact on risks.

To oversee the integration between RMCD and other specialised risk areas.

Qualifications

Job requirements

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

A minimum of an Honours Degree (Information and Technology (IT) or any other relevant NQF 8 degree) OR equivalent;

A minimum of 8-10 years of experience in the relevant environment (Audit, IT and Risk).

Certified in Risk and information’s Systems Control (CRISC), Certified Information Systems Auditor (CISA) CIA, CRM, FRMP, and/or relevant I&T.

Risk Industry Certification is essential.

The following would be an added advantage:

ITIL certification, COBIT 2019 Certification and Certified in the Governance of Enterprise IT (CGEIT) will be an added advantage.

Additional requirements include:

Good understanding of ISO 31000, ISO 27001 and NIST Framework

Industry, organisational and business awareness knowledge

Quality assurance knowledge

Continued learning and/or professional development

I&T Risk management principles, tools, methodologies, frameworks, policies and processes knowledge

I&T Risk management strategy and planning knowledge

Risk identification, analysis and assessment knowledge

Risk mitigation and management knowledge

Risk monitoring and reporting skills

Continuous improvement

IT governance knowledge

Operational resilience

Basic Cyber security

Planning and organising

Facilitation and integration skills

Problem solving and analysis

Drive for results

Verbal and written communication

Interpersonal Skills

Impact & Influence

Service & Stakeholder Focus

Building & Maintaining Relationships

Learning focus

Teamwork

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.

Financial Administrator

Job Description

Brief description

The main purpose of this position is to prepare, execute, monitor and report on the South African Reserve Bank’s (SARB) information and communications technology (ICT) capital budget and the Business Solutions and Technology Department’s (BSTD) operational budget to allow for efficient financial management within BSTD.

Detailed description

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

Plan the capital and operational budgets based on the budget guidelines in consultation with relevant stakeholders in order to meet the SARB’s budgetary deadlines.

Prepare detailed schedules through consultation with relevant BSTD stakeholders in order to fulfil SARB policy requirements.

Execute the approved budgets, through the submission of procurement requests, the payment of vendors as well as the correct classification and allocation of expenditure in order to fulfil ICT requirements within the SARB.

Monitor the expenditure against the budgets through reconciliation and verification, ensuring efficient cash flow management and compliance with policies and contracts.

Collect and analyse financial data in order to provide reporting on variance, exceptions, expenditure, and project and procurement status for the effective management of the budgets.

Identify and respond appropriately to the stakeholder needs for specific finance-related advice.

Provide guidance and coaching to stakeholders, ensuring ongoing support on ICT financial matters.

Qualifications

Job requirements

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

a Bachelor’s degree (NQF 7) or Advanced Diploma in Accounting, or an equivalent qualification; and

two to five years’ experience in a financial accounting environment.

The following would be an added advantage:

International Computer Driving Licence (ICDL) certificate.

Additional requirements include:

knowledge and skills in:

industry, organisational and business awareness

quality assurance

continuous improvement;

administration planning;

legislation, governance, risk and compliance;

administration service delivery;

administration reporting;

cost administration;

financial forecasting and budgeting; and

data analysis and reporting.

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.

Contractor – Security Assurance Analyst

Job Description

Brief description (12-month fixed-term contract)

The main purpose of this position is to assess and advise on the quality and effectiveness/efficiency of physical security systems and designs, infrastructure and processes across the South African Reserve Bank (SARB) Group.

Detailed description

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

Execute a physical security assurance programme and related services to ensure that the SARB Group’s security system readiness and quality is appropriately assessed.

Review the configuration and design of electronic security systems to identify and address risks and vulnerabilities.

Support the development of security system configurations and standards.

Provide guidance and advice on security system, infrastructure and process designs.

Assess conformance and compliance to relevant policies, standards and good practices.

Analyse and provide management with information on the overall security readiness, governance and compliance.

Provide a quality assurance service for security system projects.

Lead the development of standards and guidelines to remediate deficiencies.

Qualifications

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

a Bachelor’s degree in Security or Security Risk Management (NQF 7), or an equivalent qualification/certification;

a minimum of ten years’ working experience in security, compliance and security risk management (preferably with experience in the financial services and cash management sector), of which at least five years are in a security design or assessment/assurance capacity;

a proven track record in system quality assurance and evaluation;

good working knowledge of enterprise security architecture and security design;

a strong grounding in modern security technology and practices;

project management experience, ideally in both technology projects and construction projects;

advanced report-writing and product quality management skills (Microsoft Word, PowerPoint and Excel); and

the ability to lead both operational interactions and operational/technical processes.

The following would be an added advantage:

Certified Protection Professional certification.

Additional requirements include:

industry, organisational and business awareness knowledge and skills;

quality assurance knowledge and skills;

continuous improvement knowledge and skill;

knowledge of converged security;

security risk assessment knowledge;

infrastructure design and development skill;

information management skills;

knowledge of and/or certification on the Genetec platform;

familiarity with physical security systems and enterprise and solutions architecture;

knowledge and experience of crime prevention through environmental design;

advanced knowledge and experience in executing physical security assessments;

knowledge of general security standards, including national key point and American Society for Industrial Security standards; and

knowledge of and experience in designing and evaluating security for high-value and high-security facilities.

Technical Cyber Security Consultant x2

Job Description

Brief description

The main purpose of this position is to provide consulting services on the evaluation and development of security controls and drive security design deliverables aligned with architectural artifacts, and to critically evaluate current security controls.

Detailed description

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

Advise and drive security minded thinking to ensure effective consideration of security control objectives across the SARB Group, while optimising processes.

Provide technical direction, oversight, coaching and mentoring to BSTD team members in the operational and development landscape regarding security controls, ensuring the delivery of secure implementations.

Define, design and optimise effective security mechanisms that enable secure business processes.

Research and stay abreast of the threat landscape and the latest developments to mitigate cyber and system security risks, aligned to governance controls for systems on-premises and in the cloud.

Identify security requirements, from business requirements, and define and guide the development and maturing of controls to enable a mitigated business risk.

Liaise with security architects and technical teams as well as security service providers to share best practices and insights both within SARB Group and the industry.

Assess the effectiveness and completeness of existing architectural artifacts and security patterns and provide direction on artifacts and pattern expansion in order to reduce the SARB Group’s risk posture.

Evaluate implemented security controls and mechanisms for their effectiveness and identify gaps to improve and extend the use of such controls.

Guide and ensure effective compliance measurement interpretation in order to ensure effective SARB Group risk posture reporting across all domains.

Create, and provide input into the maintenance and definition of, security policies, frameworks and standards in accordance with corporate governance including the Bank’s policies, procedures and other legislative requirements.

Develop and evaluate Requests for Information (RFIs) and Requests for Proposals (RFPs) for security specific solutions and provide guidance on security requirements for business solutions.

To act on management requests to address or mitigate risks in the SARB Group environment as identified.

To play a consulting role in responding to critical security incidents within the SARB Group as a member of the Incident Response team (CSIRT).

Qualifications

Job requirements

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

A minimum of a BSc. Computer Science Honours / BSc. Engineering Honours (NQF 8) plus Industry specific qualifications OR equivalent;

CISSP qualification is required.

8–10 years’ experience in an information security function with at least 3-5 years of job-related experience in application/infrastructure/cloud security design and consultation.

Additional requirements include:

Other industry specific qualifications such as SSCP, CCSP, CSSLP, CISM, TOGAF etc. will be advantageous to aid in the selection of the focus area between applications and infrastructure both on premises and cloud.

Application security design

Data security design

Infrastructure security design

System integration

ICT industry standards

Information security

Services design

Architecture views and viewpoints design

Threat and Risk Analysis

IT governance, risk and compliance

Security frameworks and standards such as ISO 27000-series, NIST, etc

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.

Administrator: Management Support

Job Description

Brief description

The main purpose of this position is to perform administration support functions within the Legal Services Department (LSD): Management Support Section to support the overall operations within the Department.

Detailed description

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

Engage in short-term planning and perform the tasks defined in the work plan, in collaboration with the team leader.

Perform general administrative tasks in support of the overall operations in the department, which include, but are not limited to, records management, correspondence, strategy management, legal panel management, management reporting, etc.

Perform administrative tasks in support of the department’s financial administration as requested by the team leader/manager, including obtaining vendor information, processing invoices, procuring good/services and ensuring the timely submission of accurate payment information.

Support the team leader/manager in his/her role as a sub-records manager as well as a training, facilities, information technology and fixed assets representative, and in effectively managing the requirements and resources of the department.

Provide support to the team leader/manager in the monitoring and maintenance of the business continuity planning process and Occupational Health and Safety Act responsibilities, where appropriate.

Provide support in the coordination of the risk and compliance management processes of the department as well as the maintenance of its risk matrices and action plans emanating from internal and external audits.

Provide administrative support in the preparation of the annual budget and the monitoring of budget-related expenditures.

Engage effectively with stakeholders, both within and outside of the department, that render services to the department.

Perform administrative duties on an ad-hoc or projects basis as requested by the team leader/manager, while ensuring compliance with relevant guidelines, standards and policies.

Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.

Diagnose problems and choose/modify routines to deal with them, displaying the ability to provide solutions for problems within a defined context.

Willingly address any gaps in own performance of tasks and activities against the required standards.

Qualifications

Job requirements

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

a minimum of a higher certificate (NQF 5) in administration and records management or equivalent and;

at least two to three years’ experience in a management support/administration environment

Additional requirements include:

Verbal and business writing communication skills;

problem-solving, reporting and analytical skills;

service and stakeholder focus;

quality management;

team work and collaboration;

agility and flexibility;

data capturing knowledge and skill;

drive for results;

planning and organising skills;

intermediate excel skills;

administration reporting;

cost administration;

client-centric focus;

attention to details; and

continued learning and/or professional development 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.

Manager: ALM Risks – Insurance and Financial Market Infrastructure

Job Description

Brief description

The primary objective of this role is to oversee the delivery of Asset and Liability Management (ALM) risk analysts, ensuring the effective regulation, supervision, and risk analysis of liquidity risk management within insurance companies (life, non-life, and reinsurers) and financial market infrastructures (FMIs) under the ALM Division. This role will ensure that insurers and FMIs maintain robust asset and liability management (ALM) frameworks, adhere to FSI 6 (Liquidity Risk for Insurers) and Principle 7 (Liquidity Risk) of the Principles for Financial Market Infrastructures (PFMI), and contribute to financial stability in South Africa.

Detailed description

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

Oversee liquidity risk management practicesacross life insurers, non-life insurers, and reinsurers.

Evaluate insurers’ Insurance Liquidity Ratio (ILR) compliance with FSI 6 requirements and assess liquidity stress testing and reverse stress testing methodologies used in Own Risk and Solvency Assessments (ORSA).

Ensure alignment with international solvency frameworks (Solvency II, IFRS 17).

Monitor liquidity buffers, funding gaps, and contingent funding strategies of insurers.

Ensure FMIs maintain adequate High-Quality Liquid Assets (HQLA) to cover stress liquidity needs.

Assess FMI liquidity stress testing, intraday liquidity management, and interdependencies.

Assess PFMI Principle 7 (Liquidity Risk) and FSB recommendations in regards to the PA approved framework.

Develop ALM risk analytics models to assess liquidity vulnerabilities across the insurance and FMI sectors.

Support the Financial Stability Department in monitoring contagion risks related to insurers and FMIs.

Contribute to the development of the PA guidance on ALM and engage in regulatory dialogue with insurance firms, FMIs, and industry stakeholders on liquidity risk best practices.

Collaborate with SARB’s Financial Stability Committee to implement liquidity crisis response frameworks.

Guide supervisory interventions during liquidity crises affecting insurers or FMIs.

Qualifications

Job Requirements

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

a post-graduate degree in either Accounting, Auditing, Banking, Computer Science, Economics, Finance, Information Management or Risk Management; and

at least eight to ten years of relevant working experience in the financial services or financial regulatory sector and;

two years or more of proven experience managing a team would be an advantage.

The following professional certifications will be added advantage:

CFA (Chartered Financial Analyst)

FRM (Financial Risk Manager)

PRMIA (Professional Risk Manager)

CERA (Certified Enterprise Risk Actuary).

The following job-related Core Competencies & Skills are required:

Liquidity risk management methodologies, including stress testing, ALM analytics, and funding risk assessments.

In-depth knowledge of insurance liquidity standards (FSI 6, Solvency II, IFRS 17).

Expertise in FMI liquidity risk management and PFMI compliance (Principle 7).

Strong understanding of macroprudential risk frameworks and systemic risk indicators.

Advanced financial modelling skills (Excel, Python, or R) for liquidity stress testing.

The following job-related skills and attributes are required:

Proven ability to lead teams in financial risk supervision and regulatory compliance.

Strong decision-making skills in liquidity risk management and financial stability analysis.

Experience in handling high-pressure regulatory interventions during liquidity crises.

Ability to engage with insurers, FMIs, and international regulatory bodies on ALM risk.

Presentation skills for delivering complex risk insights to executive and policymaker audiences.

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.

Asset & Liability Management Risk Analyst

Job Description

Brief Description

The main purpose of this position is to ensure that the Risk Support Department (RSD) discharges its responsibilities arising from its mission insofar as asset and liability management (ALM) related risk management is concerned. This includes being part of a team of risk specialists in the RSD responsible for providing specialist knowledge, skills, and experience in ALM-related risk supervision and regulation, specifically relating to liquidity risk and interest-rate risk in banking and insurance companies.

Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Supervision

Review and evaluate insurance firms’ ALM frameworks and reports and their ability to manage ALM-related risks.

Provide expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.

Develop analytical methods to analyse and interpret risk-based regulatory data submissions.

Conduct on- and off-site reviews of ALM-related risks for the insurance sector.

Identify ALM-related risks by processing, reviewing and evaluating relevant applications from supervised institutions.

Provide specialist support with respect to ALM-related risks within the Prudential Authority (PA).

Stay abreast of international best practices and developments surrounding ALM-related risks.

Inform the PA regarding the aggregate behaviour of insurers regarding ALM-related risks.

Ensure that the own risk and solvency assessment (ORSA) process adequately captures ALM-related risks.

Assist with the development of internal policies and processes for supervising ALM-related risks.

Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.

Assist with the development of internal policies and processes for supervising ALM-related risks.

Ensure widespread understanding of the concepts and developments in the fields of the above-mentioned risks throughout the PA.

Qualifications

Job Requirements

To be considered for this position, candidates should have:

a Postgraduate qualification in Risk Management, Finance, Accounting or Auditing; and

five to eight years’ applicable experience in the insurance or financial sector or within risk management.

The following would be an added advantage

applicable ALM-risk management experience;

conversant in the Basel frameworks – related to liquidity risk – at both a theoretical and practical level; and be abreast of best practices in ALM risk management;

familiar with the liquidity risk papers published by the International Association of Insurance Supervisors;

knowledge of the Insurance Act;

Financial Risk Manager (FRM) or a Professional Risk Manager (PRMIA) qualification; and

excellent risk and control knowledge.

Additional requirements include

knowledge of the risks insurance companies face;

ability to travel, some on-site reviews and assessments will require the candidate to travel locally;

effective time management skills;

innovative analytical/problem-solving skills;

good verbal and written communication skills;

good interpersonal skills;

ability to work in a team and contribute to team success (hybrid and face-to-face); and

good working knowledge of Microsoft Office 365 software packages (e.g. Word, Excel and Teams) and other related software packages.

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 Economic Statistician

Job Description

Job title: Senior Economic Statistician

Location: Head Office, Pretoria

Department description: Economic Statistics Department

Brief description

The main purpose of this position is to support the Economic Statistics Department in providing comprehensive economic and financial statistics and data, adhering to international best practices. This involves collecting, processing and conducting in-depth analyses of relevant data within an integrated macroeconomic framework.

Detailed description

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

Provide guidance on the strategic focus areas for the department and strengthen oversight on the implementation of initiatives across the statistical value chain.

Identify strategic challenges, opportunities and priorities for the South African Reserve Bank (SARB) from own analysis of current domestic and global economic activity and research findings.

Conduct research and analysis to inform policy formulation, set research priorities, guide other Economic Statisticians in their research and report writing, and lead internal and external engagements.

Ensure the accuracy of all relevant short-term economic indicators and disciplines covered in the Quarterly Bulletin and integrate analysis across all areas of the economy.

Contribute to the quality assurance of all relevant statistical data publications.

Participate in the design and development of new statistical datasets and indicators on emerging issues, including data gap initiatives.

Work to enhance the systems, processes and tools used to compile and visualise statistics in the area of work.

Lead team engagements within and across teams/divisions to examine and reconcile data, findings, insights, explanations and recommendations from research and analysis.

Review draft reports analysing short-term economic activity in the South African economy.

Conduct and explain methodological research and analysis on short-term changes in economic indicators and complex economic phenomena affecting monetary policy.

Oversee research on methodological practices, make improvement recommendations, mentor Economic Statisticians, prepare case studies and run seminars or learning circles internally and externally.

Lead internal evaluations of methodologies and continuous improvement of research or statistical methodologies and practices.

Apply knowledge and professional judgement of statistical process, methodologies and technologies used nationally and internationally and communicate this understanding to stakeholders to ensure the establishment of fit-for-purpose outputs.

Prepare and present documentation/presentations to senior management and other professional platforms focused on statistics compilation, research findings and policy implications, and contribute to the development of national and international statistical standards, classifications and frameworks.

Maintain a broad learning perspective and identify emerging trends and themes across all economic fields.

Qualifications

Job requirements

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

a Master’s degree in Economics and/or Statistics or an equivalent postgraduate qualification;

8 to 10 years’ experience in an economics and/or statistical environment; and

a PhD or the ability to programme in R and/or Python and related open-source software would be an added advantage.

Additional requirements include:

knowledge and skill in:

industry, business and organisational awareness;

quality assurance;

continuous improvement;

continued learning/professional development;

economic and/or financial market analysis principles, theories, practices,

methodologies and tools; and

economic and/or financial market statistics and review;

a drive for results;

strategic thinking skills;

managing complexity and ambiguity;

leading change;

planning and organising skills;

developing and growing others;

good judgement and decision-making skills;

resilience;

impact and influence;

building and maintaining relationships; and

conceptual thinking 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.

Associate Bank Analyst (x2)

Job Description

Brief description

The main purpose of this position is to perform prudential oversight of designated registered banking entities through a combination of off-site and on-site monitoring, analysis and supervision, thereby contributing to the soundness of governance and financial practices of such banking entities, and ultimately ensuring the safety and soundness of the financial sector.

Detailed description

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

Conduct supervisory oversight of designated banks and participate in supervisory practices, including:

analysing and assessing the strategies, business models and business portfolios of banks;

analysing, monitoring and forming a view of risks (i.e. credit, liquidity, market, capital and operational risks) that banks are exposed to and the impact thereof on their risk profiles;

assessing compliance with the Banks Act 94 of 1990, the Regulations relating to Banks and the Financial Sector Regulation Act 9 of 2017 (FSR Act), including compliance with all prudential and regulatory requirements;

analysing and assessing the evolving economic and operating environment and the impact thereof on banks’ risk profiles;

analysing and interpreting financial and risk information, including risk-based regulatory data submissions and the alignment thereof with industry best practices;

contributing to and participate in risk-based meetings with banks and their auditors; and

preparing detailed reports based on the outcome of the analysis performed.

Review, analyse and evaluate banks’ internal capital adequacy assessment process.

Review and evaluate financial entities’ recovery plans.

Analyse and interpret regulatory returns for regulated entities.

Conduct research and provide input into the regulatory framework (e.g. the Banks Act 94 of 1990), in line with international best practices.

Interpret and develop amendments to the legislative framework, based on international best practices.

Develop and implement the supervisory review and evaluation process, in line with international best practices.

Manage correspondence and maintain electronic records in line with operational standards.

Contribute towards the attainment of departmental strategic objectives.

Contribute towards the attainment of operational objectives.

Qualifications

Job requirements

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

a postgraduate qualification (NQF 8) in Accounting, Banking, Commerce, Economics, Finance or Risk Management; and

at least two to five years’ experience in the finance sector or financial regulatory environment.

Additional requirements include:

an in-depth knowledge and understanding of regulatory frameworks and international standards, such as the Basel Committee on Banking Supervision’s (BCBS) Core Principles for Effective Banking Supervision;

being conversant with the Banks Act 94 of 1990, Financial Sector Regulation Act 9 of 2017 and related standards and regulations;

knowledge of prudential supervision and the supervisory framework applied in South Africa;

knowledge of basic risk management standards and practices applied by banks and banking groups;

an understanding of key issues and risks faced by banks and banking groups;

an in-depth knowledge of the business of banks;

an understanding of the business models applied by, and the financial and operating environment of, banks; and

knowledge and understanding of corporate governance and risk management best practices and standards.

Job-related skills and attributes include:

problem-solving and analytical skills;

proven facilitation and presentation skills;

strong interpersonal skills and the ability to build and maintain relationships;

excellent verbal and written communication skills;

the ability to manage time effectively and efficiently; and

proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint and other related software packages.

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.

Insurance Analyst

Job Description

Brief description

The main purpose of this position is to perform prudential oversight over registered insurance companies on a solo and group level through a combination of on- and off-site monitoring and supervision to ensure the financial soundness and sound governance of these insurance entities.

Detailed description

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

Supervise insurers and insurance groups within the portfolio through a combination of on- and off-site supervisory tools, focusing on both quantitative and qualitative financial and non-financial information, to identify and assess risks and then propose mitigating actions.

Provide input into the development and implementation of a prudential risk-based supervisory plan for each insurer and insurance group within the portfolio.

Provide input and assistance into the development and implementation of the regulatory framework.

Analyse quantitative and qualitative data through the statutory submissions received from insurers and insurance groups.

Assist with, and provide input into, the co-ordination and implementation of interventions for problematic insurers and/or insurance groups, as per the supervisory ladder of intervention.

Maintain databases and records of all relevant information on the insurers and insurance groups within the portfolio.

Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the South African Reserve Bank (SARB).

Assist with, and provide input into, the development of public documents relating to insurance supervision.

Liaise with the industry, other regulators (local and international) and relevant financial institutions.

Process the notifications and applications of a financial and non-financial nature.

Promote efficient, fair and sustainable insurance markets as well as policyholder protection.

Qualifications

Job requirements

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

a postgraduate qualification (NQF 8) in Accounting, Banking, Economics, Finance, Insurance or Risk Management, or a relevant equivalent qualification; and

at least 5–8 years of relevant working experience in a regulatory environment or the financial sector.

Additional requirements include:

problem-solving and analytical skills;

financial and business acumen;

attention to detail;

excellent verbal and written communication skills;

time management;

confidentiality;

influence;

building and maintaining relationships;

knowledge of the financial sector, specifically of the insurance industry;

knowledge of corporate governance as well as risk management practices and standards; and

knowledge of the International Association of Insurance Supervisors (IAIS) principles and standards as well as other relevant legislation.

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.

Information Technology Executive Support Specialist

Job Description

Brief description

The main purpose of this position is to provide information technology (IT) technical support for desktop computers, applications and associated peripherals to the Executive Office of the South African Reserve Bank (SARB), ensuring timely assistance in accordance with agreed service level agreements (SLAs). The support includes installing, configuring, troubleshooting and maintaining desktop computers, software, mobile devices, printers, scanners and associated peripherals, including audiovisual (AV) equipment.

Detailed description

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

Provide IT technical support and service restoration for daily operations and project efforts in a timely manner and in accordance with agreed SLAs.

Assist executives with the installation, configuration, troubleshooting and ongoing usability of desktop computers, software and peripheral equipment, adhering to best practices.

Perform preventative maintenance tasks and remedial repairs on desktop computers, printers and any other associated peripherals.

Collaborate with vendor support contacts to resolve technical problems with desktop computing equipment and software.

Maintain a high degree of customer service for all support queries, and adhere to all service management

principles.

Take ownership of user problems and be proactive when dealing with user issues.

Proactively build and maintain positive relationships with executives and other relevant stakeholders, displaying the ability to build rapport at all levels of seniority.

Perform day-to-day duties in an ethical manner, ensuring complete confidentiality in all matters related to the SARB’s Executive Office.

Qualifications

Job requirements

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

A minimum of a Diploma in IT (NQF level 6) or an equivalent;

Microsoft Certified Desktop Technician (MCDST) qualification;

an A+ or N+ qualification);

an Information Technology Infrastructure Library (ITIL) Foundations v3 certification and;

three to five years of experience in a desktop support environment.

Additional requirements include:

industry, organisational and business awareness;

continued learning and/or professional development;

knowledge and skill in:

quality assurance;

continuous improvement;

IT enablement planning;

IT enablement legislation and governance, risk and compliance;

applications support and maintenance;

infrastructure support;

systems integration;

service management; and

testing.

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.

Graduate Development Programme

Job Description

South African Reserve Bank Graduate Development Programme

The South African Reserve Bank (SARB) is inviting productive and talented postgraduates to join its one-year Graduate Development Programme in February 2026.

What the SARB does

The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, the design and distribution of banknotes and coin, the management of interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.

What the Programme is about

Exposure to departments in the SARB

Graduates will work and learn at the SARB Head Office from February 2026 to January 2027. They will be assigned to a department and exposed to various tasks and projects.

During the Programme, graduates will attend various learning interventions at the SARB Academy. Interventions are mainly specific to central banking and are aimed at producing well-rounded central bankers. As part of the holistic programme, graduates will also gain personal and professional skills such as assertive communication, public speaking and presentations, creating powerful PowerPoint presentations, impactful reporting, teamwork and personal excellence and etiquette.

After the first year

At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:

• are interested in continuing their career at the SARB;
• have a desire to contribute to monetary policy, financial stability, currency management, supervising financial institutions, financial markets, or any one of the SARB’s enabling functions;
• have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust and open communication;
• can function independently and contribute actively and effectively in a team; and
• have performed exceptionally well in their assigned departments and academically.

Qualifications

Applications are open to candidates who have a postgraduate qualification in one of the following fields:
o e.g Economics
o Econometrics
o Statistics
o Research
o Policy Analysis
o Public Finance
o Accounting
o Auditing
o Law
o Financial Mathematics
o Financial Engineering
o Information Technology
o Digital Technology
o Portfolio or Investment Management
o Mathematics
o Quantitative Analysis
o Business Analysis
o Risk Management (operational and financial risk)
o Actuarial Science
o Fintech

You meet the requirements if you:

• have completed an honours degree (NQF 8);
• a South African citizen;
• have attained an average of over 65% in your final year;
• have a strong desire to work in financial services and/or policymaking;
• have a proven track record of academic excellence;
• have excellent communication and interpersonal skills; and
• are a curious and keen learner.

Shortlisted applicants will be invited to participate in interviews, assessments and a security clearance as part of the selection process.

In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. Correspondence will be limited to shortlisted candidates only.

Data Science Graduate Development Programme

Job Description

South African Reserve Bank Data Science Graduate Development Programme

The South African Reserve Bank (SARB) is looking for talented postgraduates to join its one-year Data Science Graduate Development Programme in February 2026.

What the SARB does

The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks, and ensuring stability of both the banking sector and the wider financial system.

Description

Data science is an inter-disciplinary field that uses scientific methods, processes, algorithms and systems to extract knowledge and insights from structured and unstructured data. The core outcome of this programme is to develop deep capabilities in advanced analytics in central banking.

Format of the programme

Graduates will be placed in the Central Bank Department within the SARB, from February 2026 to January 2027. During the programme, graduates will attend various learning interventions at the SARB Academy, including technical training. The programme offers opportunities for a Data Science track, and graduates will work in a Data Lab environment from time to time, on various use cases.

Duration of the programme

One year

Qualifications

To be considered, candidates must have a postgraduate qualification or be in the process of completing a postgraduate qualification (ideally completed the course work) in one of the following fields:

• Data Science
• Machine Learning/Artificial Intelligence
• Predictive Analytics Modelling
• Statistics
• Applied Mathematics
• Digital Technology (Information Technology)
• Fintech
• Economics with Econometrics
• Business Mathematics and Informatics.

Additional requirements

• Coding with R and/or Python;
• be a South African citizen;
• be a curious, innovative and self-motivated individual with strong analytical skills;
• have a proven track record of academic excellence with an overall average mark of 70% and above; and
• have excellent communication and interpersonal skills.
• Have Fintech experience.

Remuneration and benefits

Graduates will receive a market-related salary and additional benefits for the duration of the programme.

Shortlisted applicants will be invited to participate in interviews, assessments and a security clearance as part of the selection process.

Click here to apply

We wish you all the best with your applications

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