Current Vacancies at South African Reserve Bank

Brief Description        

• The main purpose of this position is to protect and safeguard the personnel, facilities and assets of the South African Reserve Bank (SARB) Head Office.

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

• Conduct access and egress control in the areas of operation.
• Conduct guarding, patrolling and escorting duties to safeguard the facility against illegal and/or unauthorised activity.
• Identify, respond to and report all security and emergency threats, signals and situations under all conditions.
• Monitor, maintain and ensure the optimal utilisation of all security systems, equipment and signals.
• Perform evacuations and emergency drills during emergencies.
• Perform administrative duties such as report-writing and completing electronic occurrence books and pocketbooks.
• Proactively broaden knowledge of functional area, displaying willingness to make improvements (including methods and practices).

Job Requirements        
To be considered for this position, candidates must have:

• a Grade 12 certificate or an equivalent NQF 4 qualification;
• a Private Security Industry Regulatory Authority (PSIRA) Grade C qualification;
• a competency certificate in the handling of firearms (i.e. a 9 mm pistol, a semi-automatic rifle and a shotgun);
• a minimum of two to five years of working experience in a security environment;
• sound knowledge and understanding of applicable legislation, including, but not limited to, the National Key Points (NKP) Act 102 of 1980 and Regulations, the Firearms Control Act 60 of 2000, the Criminal Procedure Act 51 of 1977, as well as all the policies, procedures and operational instructions of the SARB relating to the use of firearms;
• a level of medical, psychological and physical fitness commensurate with the inherent requirements of the position;
• professionalism, discipline and the physical fitness to work long hours; and
• the availability to work shifts (including weekends) and perform duties as required by operational circumstances.

Additional requirements include

• following instructions and procedures;
• adapting and responding to change;
• writing and reporting;
• deciding and initiating action;
• adhering to principles and values;
• applying expertise and technology; and
• coping with pressures and setbacks.

The following would be an added advantage:

• completed NKP training;
• completed PSIRA training; and/or
• exposure to physical and tactical security training.

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Brief Description        

• The main purpose of this position is to manage information technology projects within the South African Reserve Bank (SARB) by leading, planning, organising and controlling resources in accordance with an Agile delivery methodology as well as to deliver the project scope and objectives according to specification on time and within budget.

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

• Define the project scope and work breakdown structure in collaboration with key stakeholders to ensure a common understanding of deliverables and the approach.
• Define the product backlogs with epics, features and user stories.
• Groom and prioritise the product backlog in conjunction with the business product owner.
• Manage all Agile components on Jira, including progress reporting.
• Lead Agile ceremonies, including Product Increment (PI) planning and stand-ups.
• Assist with transitioning squads/teams from a waterfall mindset to an Agile mindset.
• Produce project management plans to ensure that they are comprehensive (i.e. they include scope, quality, risks, time, cost, human resources, procurement, integration and communication) and to ensure that the knowledge areas are regularly updated and maintained.
• Ensure that all project documentation, deliverables and reports are timeously produced, approved and maintained.
• Identify and manage project risks, constraints and changes – ensuring that the project plans are well managed and approved.
• Establish and manage relationships with all stakeholders, role players and service providers to ensure commitment to a common goal.
• Establish and effectively manage a project team – clearly defining roles and responsibilities for the delivery of project outputs.
•  Direct and coordinate activities of project team members to ensure the project progresses according to the approved schedule, producing the expected deliverables within budget and according to specification and quality standards.
• Provide leadership and motivation to project team members throughout the project life cycle.

Job Requirements        

• To be considered for this position, candidates must be in possession of:
• a Bachelor’s degree in Commerce, Information and Communication Technology or an equivalent qualification (at NQF7 level);
• five to eight years’ experience in project management; and
• sound knowledge of project management legislation, project cost management and contract as well as service management.

The following will be an added advantage:

• a relevant Project/Programme Management certification; and Agile/SAFe qualifications.

Additional requirements include:

• Agile, Jira, Confluence and Scrum knowledge and skill;
• proficiency in English (both verbal and written);
• 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;
• project management knowledge and skill;
• project planning knowledge and skill; and
• project legislation and governance, risk and compliance knowledge and skill.

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Brief Description        

• The main purpose of this position is to manage the cash operations of the South African Reserve Bank’s (SARB) Cape Town Cash Centre and to ensure the availability and integrity of banknotes to the public.

Detailed Description        

• The successful candidate will be responsible for the following key performance areas:
•  Take responsibility for managing the performance and development of the team.
•  Manage the cash centre in the absence of the Cash Centre Manager to ensure continuation in efficient cash operations.
•  Manage the cash operations and ensure compliance with policies and procedures.
•  Manage processes pertaining to cash transactions to ensure accuracy and completeness of information integrated with the National Cash Management System (NCMS).
•  Manage the physical processing and destruction of banknotes to ensure the acceptable quality of banknotes in circulation, in line with the minimum standards for recycling.
•  Establish and manage relationship with various stakeholders to ensure the availability of the acceptable quality of banknotes.
•  Collate and provide management information to the Cash Centre Manager for purposes of decision-making.
•  Enforce service level agreements with users of bulk cash transactions and communicate changes to affected role players.
•  Serve as the custodian of the Business Continuity Plan in the absence of the Cash Centre Manager.

Job Requirements        
To be considered for this position, candidates must have:

•  a Bachelor’s degree (NQF level 7) in Commerce, Supply Chain Management or an equivalent qualification; and
• five to eight years’ experience in a cash environment, with three years in a team leader role.

Additional requirements include:

•  leading change;
•  establishing focus;
•  a drive for results;
•  promoting team work;
•  developing and growing others;
•  effective communication skills;
•  building and maintaining relationships;
•  impact and influence;
•  analytical and problem-solving skills;
•  planning and organising skills;
•  judgement and decision-making skills; and
•  conceptual thinking.

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Brief Description        

• The main purpose of this position is to lead the design, development and implementation of training programmes and solutions for specific change projects and programmes, and/or business changes to ensure the provision of quality training to drive performance improvement, adoption and utilisation within the South African Reserve Bank (SARB).

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

• Develop training standards, methods, processes and procedures aligned to industry best practice and SARB standards for specific change projects and programmes.
• Derive insights from training data, develop recommendations and advise governance committees thereon for improved decision making and planning purposes.
• Lead the design, development and implementation of instructionally sound training approaches, strategies, methodologies (e.g. e-learning, hybrid training, digital learning, etc.) for specific change projects and programmes, and/or business change.
• Lead the development and implementation of training plans and the evaluation and tracking of performance against the plan.
• Review, quality assure and approve training content and material developed internally and externally and ensure the alignment of digital learning applied to change projects and programmes to the Digital Learning Strategy of the SARB.
• Initiate and drive the procurement and sourcing of training service providers and manage the performance and delivery of service providers against the service level agreements (SLAs).
• Review, assess and manage the training capacity requirements to fulfil pipeline demands for training for specific change projects and programmes, and/or business change.
• Develop and implement appropriate training transition plans to ensure the long-term sustainability and adoption of change.
• Monitor, manage and mitigate the current and emerging risks and develop appropriate interventions.
• Lead and manage internal and external stakeholder relationships and partner with relevant internal stakeholders, the SARB Academy digital learning team, learning and development consultants and business leads to ensure the long-term sustainability and adoption of change.
• Manage the performance and development of the training team.
• Lead and drive the improvement in the maturity of training work processes.

Job Requirements        

• To be considered for this position, candidates must have:
• an Honours degree in Education, Business, Journalism, Training, Change Management and/or Systems/E-Learning or an equivalent NQF 8 qualification;
• a minimum of 8–10 years’ experience in a corporate learning and development environment, with a solid track record of senior management experience; and
• solid knowledge of learning and development best practices and methodologies, risk management, change management and stakeholder engagement.

Additional requirements include:

• leading change;
• establishing focus;
• driving results;
• promoting team work;
• developing and growing others;
• effective communication;
• building and maintaining relationships;
• impact and influence;
• negotiating skills;
• interpersonal sensitivity;
• analysing and problem solving;
• planning and organising;
• judgement and decision making;
• strategic thinking;
• conceptual thinking; and
• managing complexity and ambiguity.

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Brief Description        

• The main purpose of this position is to undertake extensive money laundering (ML) risk research and sector risk assessments relevant to the PA to ensure that current ML risk trends and typologies for SA and other relevant jurisdictions are maintained by the PA and that pertinent information feeds into the risk rating tools and scoping documentation for on-site supervision.

Detailed Description        

• The successful candidate will be responsible for the following key performance areas:
•  Conduct research as well as identify new and emerging ML risks (threats, vulnerabilities and consequences), trends, including those in jurisdictions where SA banks have international operations (information must feed into the risk returns and inform the frequency of supervision);
• Ensure that the PA is adopting international best practice in terms evidencing understanding of ML risk, reflective in the ML/TF risk assessments.
• Maintain and continually enhance the life insurance and banking risk based tools;
• Provide training and briefings on ML risk related matters, draft guidance as may be required, and provide input into pertinent documentation for relevant stakeholders;
• Ensure that the onsite inspections scoping adequately take into account the ML risks relevant to the respective supervised institutions.
• Develop, implement and maintain an automated sector risk assessment process whereby data is received via institutions and update the sector risk assessment methodologies utilised and conduct sector risk assessments.
• Ensure that banking and life insurance sector risk reports are issued to the public and ensure that stakeholder engagement sessions take place in this regard;
• Analyse the risk returns received from institutions and ensure the information is being correctly fed into the risk-based tool, and that the tool is updated as and when required when new information is received;
• Update inspection procedures with relevant questions pertaining to ML risk mitigation and control assessment and ensure that best practice and supervisory practices are adequately captured in the supervisory manual or risk assessment tools adopted;
• Compile statistics useful for ML sector risk assessments;
• Provide inputs to the national risk assessments and to contribute to the work of the national risk assessment committee; and
• Ensure that ML/TF/PF risk assessments are conducted periodically for the banking and life insurance sector, with inputs from the PF/TF analyst.

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

• A Postgraduate qualification (NQF 8) in the fields analytics, law, data science, commercial law, audit, international relations, international security, international law or other fields related to financial crime risk is required;
• five to eight years experience in financial crime control within a bank, audit or consulting firm.

Additional requirements include: 

•  Industry, organisational and business awareness Knowledge and Skill           
•  Data analysis and reporting Knowledge and Skill
•  In depth technical knowledge
•  Excellent writing skills
•  Good drafting and interpretation of legislation skills
•  Data mining, modelling and predictive analytics and business intelligence reporting experience advantageous;
•    Experience in conducting ML risk assessments; research and practical experience as well as good understanding of international best practice and technological developments in the AML sphere.

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Brief Description        

• The main purpose of this position is to drive the off-site supervision of terrorist financing (TF) and proliferation financing (PF) controls to ensure alignment with the Financial Intelligence Centre Act 38 of 2001 (FIC Act) and the Financial Action Task Force (FATF) international standards, and to supervise compliance by accountable institutions.

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

•    Conduct research and keep abreast of TF and PF threats and vulnerabilities, trends and typologies, providing specialist reports to management for review and making recommendations on guidance to be issued to accountable institutions.
•  Continuously update the Prudential Authority’s (PA) risk-based tool with relevant data from a domestic and an international TF and PF perspective, and assess the impact of TF and PF risks to South Africa from foreign jurisdictions.
•  Provide inputs to the preparatory work/scoping documents of inspection teams prior to anti-money laundering and combating the financing of terrorism (AML/CFT) meetings and inspections.
• Assess the TF and PF financing controls of supervised institutions, including the activities and operations of supervised entities outside of South Africa.
• Provide insight and guidance to ensure the development of the risk-based matrix and the furtherance of a risk-based approach to supervision.
• Regularly inform and train the supervisory teams on key TF and PF developments.
•     Ensure that the AML/CFT supervisory function adequately caters for the consideration of TF and PF risks in its risk-based approach to supervision, which should be reflected in the risk-based tool and supervisory activities of the division.
•     Supervise accountable institutions to ensure compliance with the FIC Act, the Financial Action Task Force international standards, national legislation and best practice relating to TF and PF, including targeted financial sanctions related to terrorism and TF.
• Plan and drive workshops and engagement sessions with the relevant AML/CFT analysts and supervised institutions (banks and life insurers) to raise awareness of and provide guidance relating to TF/PF risks.
• Contribute to the drafting of banking and life insurance sector risk assessments, specifically with regard to TF/PF risks.
• Provide inputs to national risk assessments, and contribute to the work of the national risk assessment committee.
• Contribute to the supervisory manual and training material of the division where it relates to TF/PF risks.
•   Engage with external stakeholders to acquire information with regard to TF/PF risk assessments, and obtain TF/PF risk information for incorporation into the enhancement of the risk-based tool.
• Provide input into off-site reviews which are TF/PF risk-focused.
• Provide management information relating to TF/PF risk analysis.

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

•  a Postgraduate qualification in Political Science, International Law, Law, International Relations, International Security or another field related to non-proliferation and financial sanctions, or an equivalent qualification; and
• at least five to eight years of professional experience, including research and analysis experience in the area of preventing the financing of terrorism, the proliferation of weapons of mass destruction and/or targeted financial sanctions.

Additional requirements include:

• industry, organisational and business awareness, knowledge and skill;
• data analysis and reporting knowledge and skill;
• in-depth technical knowledge;
• experience in money laundering (ML)/TF/PF risk assessment tool design, implementation and analytics;
• extensive experience in conducting ML/TF/PF risk assessments;
• excellent drafting skills; and
• comprehensive research and analysis experience in the area of preventing the financing of terrorism and the proliferation of weapons of mass destruction.

The following would be an added advantage:

• Experience in data mining, modelling, predictive analytics and/or business intelligence reporting

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Brief Description        

• The main purpose of this position is to manage information technology projects within the South African Reserve Bank (SARB) by leading, planning, organising and controlling resources in accordance with an Agile delivery methodology as well as to deliver the project scope and objectives according to specification on time and within budget.

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

• Define the project scope and work breakdown structure in collaboration with key stakeholders to ensure a common understanding of deliverables and the approach.
•  Define the product backlogs with epics, features and user stories.
•  Groom and prioritise the product backlog in conjunction with the business product owner.
•  Manage all Agile components on Jira, including progress reporting.
•  Lead Agile ceremonies, including Product Increment (PI) planning and stand-ups.
•  Assist with transitioning squads/teams from a waterfall mindset to an Agile mindset.
•  Produce project management plans to ensure that they are comprehensive (i.e. they include scope, quality, risks, time, cost, human resources, procurement, integration and communication) and to ensure that the knowledge areas are regularly updated and maintained.
•  Ensure that all project documentation, deliverables and reports are timeously produced, approved and maintained.
•  Identify and manage project risks, constraints and changes – ensuring that the project plans are well managed and approved.
•  Establish and manage relationships with all stakeholders, role players and service providers to ensure commitment to a common goal.
•  Establish and effectively manage a project team – clearly defining roles and responsibilities for the delivery of project outputs.
• Direct and coordinate activities of project team members to ensure the project progresses according to the approved schedule, producing the expected deliverables within budget and according to specification and quality standards.
•  Provide leadership and motivation to project team members throughout the project life cycle.

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

•  a Bachelor’s degree in Commerce, Information and Communication Technology or an equivalent qualification (at NQF7 level);
•  five to eight years’ experience in project management; and
•  sound knowledge of project management legislation, project cost management and contract as well as service management.

The following will be an added advantage:

•  a relevant Project/Programme Management certification; and Agile/SAFe qualifications.

Additional requirements include:

•  Agile, Jira, Confluence and Scrum knowledge and skill;
•  proficiency in English (both verbal and written);
•  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;
•  project management knowledge and skill;
•  project planning knowledge and skill; and
•  project legislation and governance, risk and compliance knowledge and skill.

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Brief Description        

• The main purpose of this position is to realise the responsibilities of the Prudential Authority (PA) at the South African Reserve Bank (SARB) in respect of the supervision and regulation of data risk, including risk data aggregation and risk reporting (RDARR), in regulated entities.

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

Supervision

• Participate in supervisory practices in relation to data risk, including RDARR, in regulated entities, including inspecting practices in regulated entities.
• Ensure regulated financial institutions’ compliance with regulations governing data risk and RDARR.
• Review and evaluate banks’ data risk frameworks, reports and ability to manage data-related risks.
• Develop methods to analyse and interpret submissions from regulated entities, including assessments, questionnaires, project plans and other ad hoc submissions.
• Provide data risk- and RDARR-related specialist support and technical assistance.
• Conduct on- and off-site reviews in terms of data risk and RDARR from an industry perspective, and contribute towards, assist with and participate in entity-specific reviews.
• Contribute towards risk-based meetings with regulated entities and their auditors.
• Stay abreast of international and local best practice and developments surrounding data risk and RDARR.
• Support the Divisional Head: Operational Risk and Information Technology (IT) Risk as well as the Senior Analyst with regard to all data risk- and RDARR-related matters.
• Ensure widespread cognisance and understanding throughout the PA of the concepts and developments in the field of data risk and RDARR.

Regulation

• Assist in the form of conducting research and providing input into the regulatory framework – including (but not limited to) the Banks Act 94 of 1990 (Banks Act), the Regulations relating to Banks (Regulations), circulars, directives and guidance notes – in line with international best practice.
• Assist with the development of internal policies and processes.

Job Requirements        

• To be considered for this position, candidates must be in possession of:
• a Bachelor’s degree (NQF 7) in Accounting, Auditing, Banking, Computer Science, Finance, Information Management or Risk Management; and
• at least 2–5 years of relevant working experience in the financial services industry or the financial regulatory sector.

The following would be an added advantage:

• a postgraduate qualification (NQF 8) in any of the aforementioned fields;
• having completed short courses in data or data-related aspects; and/or
• experience in data or data-related aspects.

Additional requirements include:

• industry, organisational and business awareness, knowledge and skill;
• IT governance knowledge and skill;
• knowledge of banking products;
• knowledge of relevant regulations relating to banks and the financial services industry at large;
• knowledge of the risks faced by banks and the financial services industry at large;
• an understanding of, and experience in, data risk and/or RDARR audits and/or quality assurance as well as the key issues and risks facing financial institutions and related entities registered in South Africa, with a specific focus on data risk and RDARR;
• knowledge of, and experience in, the financial system, financial products and services, and risk models and systems;
• knowledge of, and experience in, the Basel frameworks at both a theoretical and a practical level; and
• knowledge of relevant data risk and RDARR management practices and standards.

The following job-related skills and attributes are required:

• thought leadership;
• analysis, effective time management, strong communication and problem-solving skills;
• financial and business acumen; 
• a decision-making ability with the ability to initiate action; 
• competence in IT;
• influencing, building and maintaining relationships; and
• own reliable transport (as the position requires travelling between the PA’s offices in Pretoria and the offices of regulated entities which are generally outside of Pretoria).

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Brief Description        

• The main purpose of this position is to plan, direct and manage the design, installation and connectivity of network systems to ensure stable operations of the South African Reserve Bank’s (SARB) networks – this includes developing, configuring, maintaining, supporting and optimising all new and existing network hardware, software and communication links.

Detailed Description        

• The successful candidate will be responsible for the following key performance areas:
• Develop and manage the implementation of best practices, network standards and standard operating procedures (SOPs) for installing, configuring, maintaining and troubleshooting network issues.
• Design, manage and implement short- and long-term strategic plans to ensure that network capacity meets existing and future requirements.
• Develop and deploy methodologies for measuring network performance and provide associated statistics and reports.
• Analyse, consolidate, report and make recommendations on the performance of the network landscape.
• Investigate, plan, test and implement networks according to industry standards.
• Ensure the provision of network solutions in accordance with agreed upon business requirements as aligned with cost containment initiatives.
• Research and recommend network products services and negotiate with potential vendors in support of network procurement activities.
• Fulfil the team leader role as it relates to people management, including, but not limited to coaching, mentoring, development and performance management.
• Manage the network services and security solutions, including firewalls, denial of service solutions and intrusion detection systems to ensure optimal operations of all network equipment (including routers, switches and hubs).
• Provide input into the development of policies, standards and processes and work in accordance with corporate governance standards and processes, including the SARB’s policies, procedures and other legislative requirements.
• Build and manage key stakeholder relationships and participate in other departmental/divisional projects in order to contribute towards business objectives.  
• Manage the performance of third-party network service providers, in line with business requirements and service standards.  
• Provide input to resource planning, cost estimation, budget development and cost control.

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

• a Bachelor’s degree (NQF 7) in Computer Science, Information Systems or an equivalent qualification;
• certification in Information Technology (IT) Infrastructure Library and Control Objectives for Information and Related Technologies; and
• 8–10 years’ experience in an IT environment.  

Additional requirements include:

• industry, organisational and business awareness;
• IT governance, risk and compliance knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• contract and associated knowledge and skill;
• infrastructure support knowledge and skill;
• IT enablement project management knowledge and skill;
• networking design, development and support knowledge and skill;
• networking infrastructure knowledge and skill; and
• IT enablement planning and reporting knowledge and skill.

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