Senior Analyst – Domestic Settlement Services-NPSD at South African Reserve Bank

Brief description

The main purpose of this position is to oversee and manage projects, manage relationships with stakeholders and oversee the provision of the domestic settlement system on behalf of the National Payment System Department of the South African Reserve Bank (SARB).

Detailed description

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

• Manage and co-ordinate project, change, operational and business analysis activities (e.g. identify deliverables, determine the scope of work and identify tasks) in order to develop and maintain the domestic settlement system, known as the South African Multiple Option Settlement (SAMOS) system.
• Develop service level agreements with SAMOS participants and payment system operators. 
• Ensure compliance with the service level agreements between the SAMOS system operator, the SAMOS participants and payment system operators. 
• Approve the business processes and procedures relating to the domestic settlement system.
• Assist with, co-ordinate and provide training and capacity-building initiatives to internal and external stakeholders. 
• Manage the business relationships with SAMOS participants, payment system operators and internal stakeholders, and ensure that the necessary support is provided.
• Manage the testing of the domestic settlement system to ensure compliance with business and operational requirements.
• Develop and implement a cost recovery framework for the domestic settlement system. 
• Support risk management (including cyber and operational risk) and compliance for the domestic settlement system.
• Develop and prepare an operational report on the domestic settlement system on a monthly basis and when required.
• Conduct research to ensure alignment with international best practice.
• Coach and mentor junior staff members to ensure development and growth. 
• Evaluate own performance against given criteria, and identify and address task-specific learning needs.
• Plan, organise, control, manage and evaluate the work of team members.

Job requirements

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

• at least an Honours degree (NQF 8) in Financial Management or Information Technology (IT), or an equivalent qualification; and
• at least 8 to 10 years of experience in the banking, financial services or payment system environment.

Additional requirements include:

• knowledge of real-time gross settlement (RTGS) systems;
• knowledge of the SWIFT payment system messaging standards; 
• strong experience in risk management;
• knowledge of the national payment system;
• project management experience; 
• analytical skills;
• decision-making skills;
• proven problem-solving skills; 
• computer literacy;
• knowledge of research methodologies; and
• strong verbal and written communication skills.