Jobs at South African Reserve Bank

Brief Description        

• The main purpose of this position is to analyse and make recommendations on the applications for the licensing, registration and other approvals required in terms of the relevant legislation to ensure compliance with legal and prudential governance frameworks.

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

• Conduct a legal assessment by analysing the applications in terms of the Financial Sector Regulation Act 9 of 2017 (FSR Act) and related sectoral laws and regulations by testing them against compliance with the legal requirements as prescribed by the relevant legislation.
• Engage applicants and frontline teams to provide information and legal guidance in respect of submissions for approval sought in terms of the FSR Act and related sectoral laws and regulations.
• Engage regulatory bodies for concurrence and related legislative requirements.
• Formulate, motivate and submit recommendations to relevant committees for consideration and decisions on the applications received.
• Engage with various stakeholders/external parties and/or participate in internal/external forums/industry meetings in order to execute the mandate of the regulator as per the legislation.
• Promote corporate governance as prescribed in the relevant legislation (e.g. Banks Act 94 of 1990, Insurance Act 18 of 2017 and Financial Markets Act 19 of 2012) in respect of the appointment of executive officers/key persons.
• Initiate, negotiate, draft and conclude memorandums of understanding with other regulators for information sharing and joint supervision purposes.
• Stay abreast of, and appropriately apply, any changes relevant to the legal field/regulatory environment.
• Participate in working groups and provide input into the development of appropriate legislative and regulatory frameworks that impact the financial sector.

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

• a Bachelor’s degree in Law or an equivalent qualification; and
• a minimum of five to eight years’ experience within a legal environment, with exposure to the financial and regulatory fields.

Additional requirements include:

• knowledge of business protocol;
• innovative problem-solving skills;
• good communication skills;
• good interpersonal skills;
• good working knowledge of Microsoft Office and other related software packages;
• knowledge of the FSR Act and related financial sector laws and their respective regulations;
• knowledge of the relevant legislation, regulations, legal principles, procedures, practices and tools; and

knowledge and skill in:

• industry, business and organisational awareness;
• quality assurance;
• continuous improvement;
• continued learning/professional development;
• research; and
• reporting.

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Brief Description        

• The main purpose of this position is to provide team leadership within the systems administration function of the Economic Statistics Department (ESD) to ensure quality economic statistics.  

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

• Fulfil the team leadership function pertaining to the performance and the development of the team as well as the optimisation and management of resources.
• Plan work for self and others in the team, supervise the quality of work and facilitate the delivery of section-specific outputs, in line with relevant policies.  
• Identify system process inefficiencies, risks and internal control deficiencies, and implement processes to mitigate the impact thereof.  
• Administer and maintain ESD databases, including changes, testing and ensuring that controls are maintained. 
• Participate in new ESD information and communications technology (ICT) projects and systems enhancement initiatives by providing key input during all phases of project management. 
• Compile, analyse and provide reports with recommendations on ESD system functions and processes. 
• Effectively manage internal and external stakeholder relationships.
• Stay current with developments in own functional area and ensure application thereof where relevant. 
• Manage the process related to the dissemination of the Quarterly Bulletin’s economic statistics.
• Develop and maintain relevant training material and conduct training interventions within ESD. 

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

• a postgraduate degree in Information Technology, Computer Science, Statistics or Economics; and
• five to eight years’  job-related experience, with at least three years supervisory experience.

Additional requirements include:

• proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint;
• an affinity for statistics and economic analysis;
• knowledge of system integrations and service management;
• working knowledge of database administration;
• understanding of business intelligence;
• service and stakeholder focused;
• in-depth understanding of information technology  governance;
• time management skills to operate in a deadline-driven environment;
• ability to develop and growth others;
• excellent communication skills (both written and verbal);
• excellent report-writing skills;
• initiative and problem-solving skills; 
• analytical skills;
• ability to pay attention to detail; and
• good interpersonal skills.