Job Opportunities at South African Reserve Bank

Brief Description        

• The main purpose of this position is to facilitate the partnership between business and the Corporate Services Department (CSD) to ensure delivery of business value and enhanced customer experience.

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

• Lead and drive real estate strategic and transformational projects, initiatives and activities.
• Manage the ideate phase of projects and other requirements which includes identification, registration, validation and prioritisation of client departments demands.
• Facilitate the optimal utilisation of CSD services and support to clients within approved and available resources in order to maximise delivery of business value.
• Present the assigned client departments’ requirements (in the interest of all stakeholders) to the CSD management to align demand and supply and as input into the CSD’s annual plan and budget as well delivery roadmap.
• Identify demand and supply conflict, recommending escalation where appropriate for resolution, and for balancing new and existing initiatives.
• Monitor and manage the partnership between the CSD and client departments through the implementation of the relationship management model.  
• Drive and implement the engagement model through various engagement platforms such as business strategy planning and partnership sessions.
• Monitor and drive the value management plan throughout the CSD delivery value chain to ensure full benefit realisation.
• Measure, analyse and report on customer satisfaction as well as recommend and implement improvements.
• Keep abreast of developments in the external customer and service environment.
• Take accountability for overall management of CSD services and ensure the effective and timely delivery of services, and compliance to SLA’s as well as service standards.

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

• a minimum of a Bachelor Degree in marketing, business administration or equivalent (NQF7); and
• a minimum of 8-10 years of experience in a service environment position of which at least 4 years in strategic service management.
• Experience in the build environment will be an added advantage.

Additional requirements include:

• contract and associated service management knowledge and skills
• business relationship Management knowledge and skills
• capacity and performance management knowledge and skills
• stakeholder and client focus
• conceptual thinking
• promoting team work
• planning and organising; and
• communication skills (written and verbal).

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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 banks’ ALM frameworks and reports (including assessing their capital requirements for regulatory and economic capital, where applicable) and their ability to manage ALM-related risks, specifically interest-rate risk in the banking book.
• Review and evaluate insurance firms’ ALM frameworks and reports and their ability to manage ALM-related risks.
• Assist in providing expert guidance on matters relating to compliance with minimum regulatory requirements relating to ALM for supervised institutions.
• Assist in developing analytical methods to analyse and interpret risk-based regulatory data submissions.
• Conduct on- and off-site reviews of ALM-related risks for the banking and 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 banks and insurers regarding ALM-related risks.
• Ensure that the own risk and solvency assessment (ORSA) process adequately captures ALM-related risks. 

Regulation

• Assist in terms of research and input into the regulatory framework (e.g., the Banks Act 94 of 1990 (Banks Act), the Regulations relating to Banks, circulars, directives and guidance notes) in line with international best practice.
• Assist with the development of internal policies and processes for supervising ALM-related risks.

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

• a Bachelor’s degree in Banking, Risk Management, Finance, Accounting or Auditing; and
• two to five years’ applicable experience in the 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 and interest-rate risk in the banking book – at both a theoretical and practical level; and be abreast of best practices in ALM risk management;
• familiar with the interest-rate risk in the banking book papers published by the Basel Committee on Banking Supervision;
• familiar with the liquidity risk papers published by the International Association of Insurance Supervisors;
• knowledge of the Banks Act, the Insurance Act and the Regulations relating to Banks will be an added advantage;
• Financial Risk Manager (FRM) or a Professional Risk Manager (PRMIA) qualification; and
• excellent risk and control knowledge.

Additional requirements include 

• knowledge of the risks that banks are faced with;
• 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.