Trending Jobs at South African Reserve Bank

Detailed description

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

• Prepare and provide accurate and reliable data and information in support of strategic decisions.
• Create and maintain business metadata for published data sources to ensure that it is easily discoverable and meaningful to information consumers.
• Create and maintain consistent metadata in a manner that allows for clear and unambiguous data definition and meets all legislative, quality and security requirements.
• Acquire new data sources in order to enable more effective departmental decision-making.
• Prepare relevant data for appropriate consumers in the PA and for relevant stakeholders, and monitor the published data sources for usage, relevance and quality feedback.
• Ensure that the assigned data element is current and does not conflict with other data elements in the metadata registry
•  Ensure consistency in data usage across various systems.
• Proactively identify and resolve data integrity and quality issues.
• Stay current with developments in all the functional areas relevant to information management, and ensure appropriate application thereof.
• Propose and implement the refinement and continuous improvement of systems, tools, methods and processes in own area.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must possess:

• the minimum of a Bachelor’s degree in Information Technology (IT), Computer Science or Mathematics; and 
• the minimum of 5–8  years of experience in a relevant environment (e.g. master data management or data governance).

The following would be an added advantage: 

• relevant certifications (e.g. being qualified as a Certified Data Steward).

Additional requirements are as follows:

• Enterprise Information Management (EIM) legislation and governance as well as risk and compliance knowledge and skill;
• EIM reporting knowledge and skill;
• information governance knowledge and skill;
• data security knowledge and skill;
• reference and master data knowledge and skill;
• metadata management knowledge and skill;
• data quality management knowledge and skill;
• competence in Microsoft (MS) Office software packages (e.g. MS Excel, MS Word and MS PowerPoint);
• proficiency in verbal and written communication, including presentation and report-writing skills; and
• continuous improvement knowledge and skill

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Detailed description

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

• Promote the safety and soundness of the large complex groups, financial conglomerates and designated SIFIs under his/her supervision. 
• Provide strategic direction in the development, implementation and monitoring of the divisional strategy in accordance with the overall Prudential Authority (PA) strategy, and ensure alignment with the departmental strategy;
• Contribute to the development and continuous refinement of the supervisory approach to financial conglomerates and designated SIFIs, taking into consideration the current, emerging, systemic and supervised entity-specific risks;
• Manage the supervisory oversight of the entities supervised by the division, including, but not limited to:
• Lead and manage the day-to-day supervision of large complex groups, financial conglomerates and designated SIFIs; 
• Direct the consistent application of appropriate supervisory practices, protocols, tools and procedures to all the supervised entities allocated to the division; 
• Identify, assess and escalate key risks, and react to key indicators of risks within the department;
• Oversee the maintenance of the permanent records and correspondence of the large complex group(s), financial conglomerate(s) and/or designated SIFI(s) allocated to the division; 
• Endeavour to uphold an updated risk rating of the supervised entities and financial conglomerates under supervision;
• Monitor compliance by the supervised entities and financial conglomerates with the applicable regulatory framework, which includes prudential standards and regulations.
• Manage the operationalization and implementation of decision-making frameworks, protocols and procedures; 
• Ensure compliance with all the legislative and regulatory requirements of the South African Reserve Bank;
• Ensure that the risks of the division are identified and assessed, and that risk-effective mitigating measures are implemented;
• Manage the performance and development of direct reports;
• Create a performance culture in the division; and
• Coach and manage the career development of employees in the division.

QUALIFICATIONS

Job requirements

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

• at least a Postgraduate Degree in Accounting, Banking, Economics, Risk Management, Finance and/or Insurance; and
• at least ten 10 - 12 years’ experience in the insurance sector or insurance-related supervision
• five (5) years in a senior management position with people management responsibilities.

Additional requirements include:

Job related knowledge:

• General management;
• The financial sector, specifically insurance and the securities industries;
• Financial management;
• Corporate governance and risk management practices and standards;
• The Core Principles for Effective Banking Supervision and/or the Insurance Core Principles; 
• The Solvency Assessment & Management (SAM) Framework;
• The Basel III Capital Framework;

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Detailed description

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

• Provide actuarial support concerning both solo and group entities, this includes but is not limited to the following: 
• scrutinising the financial soundness of life insurers; 
• participation in on-site visits to life insurers; and 
• the consideration of internal model approvals.
• Scrutinise and check the compliance of submissions by life insurers’ actuaries.
• Assist in maintaining the statutory returns required by regulated entities.
• Participate in projects initiated within the PA and industry forums.
• Develop and test systems and procedures for internal use.
• Maintain and upgrade databases.
• Participate in and execute projects initiated within industry forums.
• Transfer knowledge and skills to stakeholders, both inside and outside of the PA.

QUALIFICATIONS

Job requirements

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

• have a relevant Honours degree (NQF 8) in Actuarial Science;
• be actively pursuing studies and ideally have passed or been exempted from at least seven A-series subjects of the Actuarial Society of South Africa. Credit will also be given for passes in any of the more advanced subjects; and
• two to five years’ relevant working experience, preferably in the life insurance industry.

The following would be an added advantage:

• good communication (verbal and written) skills;
• ability to perform under pressure without compromising quality;
• ability to work independently and within a team;
• good interpersonal skills; and
• proactive problem-solving skills.

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Detailed description

The successful candidate will, among other duties, 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 and guidance notes) 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’s strategic and operational objectives.

QUALIFICATIONS

To be considered for this position, candidates must have:

• a relevant postgraduate qualification (NQF 8) in Accounting, FinancialManagement, 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. MS Word, Excel and PowerPoint) and other related software packages;
• innovative analytical and 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.

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Detailed description

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

• Prepare design proposals on monetary policy tools and frameworks, and analyse the impact of implementation.
• Write and present reports on research and analysis conducted on market operations and investments. 
• Manage bespoke elements of committee administration as requested by assuming the role of secretary or co-secretary of internal and/or external committees on a rotational or permanent basis. 
• Implement monetary policy by monitoring the market, providing input into the trading strategy, conducting transactions such as auctions for purposes of liquidity management and also on behalf of government (bond auctions and Treasury Bill auctions), and capturing trades such as CPD assets and financial markets transactions for liquidity management. 
• Undertake investments for the CPD in accordance with investment guidelines, operational requirements, and policies and legislation.
• Supervise the transactions of junior Financial Market Specialists.
• Contribute to the analysis of existing reference rates and the design of new rates where necessary, and contribute to the design of governance frameworks that relate to the code of conduct on benchmark rates.
• Provide oversight on the market commentary prepared by junior Financial Market Specialists.
• Coordinate, consolidate and finalise regular market analysis reports (e.g. financial market daily) without quality assurance by a more senior Financial Market Specialist.
• Draft rules relating to the oversight of market functioning and structure, including the code of conduct.
• Look for opportunities to automate routine tasks by leveraging innovative programming languages (e.g. Python), and encourage and assist junior specialists to continually innovate and improve their work processes.
• Conduct comprehensive research for special projects by applying a robust and structured research methodology.
• Stay abreast of all methodological developments relevant to own disciplines that affect the collection and development of time series and market research, trade execution and investment management process as well as operations, and apply this in own research.
• Analyse how these changes impact current methodologies and make proposals on how current methodologies should be adjusted to accommodate these changes.
• Assess what is required from current work, and then make specific changes to systems or own work methods in order to improve the standard of current work being done.
• Review, update and improve database structures on a regular basis to ensure all data are properly captured, and aggregate time series and cross-section data are calculated accurately.
• Prepare and make convincing presentations to own team on a regular basis as well as to departmental forums and other departments of the SARB.
• Assist with the preparation of briefings, speeches and presentations for senior management forums in the SARB as well as external forums.
• Contextualise presentations for a particular audience, with the ability to respond effectively to questions that may be posed by the audience.
• Support on-the-job training for junior Financial Market Specialists, which may be in the form of workshops or internal forums on research conducted.

QUALIFICATIONS

Job requirements 

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

• an Honours degree (NQF8) in Economics, Accounting, Actuarial Science, Financial Engineering, Mathematics of Finance, Finance or an equivalent combination of education in the required field and job-related experience; and
• five to eight years’ experience in the financial markets environment.

The following will be an added advantage:

• Master’s degree in the above disciplines, Chartered Financial Analyst (CFA) qualification, and knowledge and skills in money market operations, financial mathematics, domestic and international interest rates, bond markets, interest rate products, market intelligence, the investment industry, money market fund management, research methodologies, Reuters, Bloomberg, management of stakeholder relationships, project management, and relevant policies and procedures.

Additional requirements include:

• proficiency in the Microsoft (MS) Office suite, with expert knowledge of MS Excel;
• advanced mathematical and statistical modelling;
• advanced programming skills (VBA, MATLAB or other languages that can be used in implementing models);
• excellent interpersonal as well as verbal and written communication skills;
• report writing skills;
• research methodology skills;
• planning and organising skills;
• decision-making skills;
• presentation skills;
• being a team player; and
• integrity.

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Detailed description

• The successful candidate will report to a deputy governor and be responsible for the overall management and strategic direction of the Human Capital and Operations Cluster of the SARB.

This will include the following key performance areas: 

• Oversee the operational effectiveness of the Human Capital and Operations Cluster. 
• Establish integrated support services cluster policies for approval by the Management Committee and the GEC, and ensure implementation by the heads of department. 
• Drive the execution of the organisation’s strategy and functioning in the Human Capital and Operations Cluster. 
• Identify operational and systemic risks and weaknesses inherent in the Human Capital and Operations cluster and ensure that heads of department effect remedial measures.
• Plan and coordinate the Human Capital and Operations Cluster’s annual operational plans, risk matrices and budget activities, maximising performance and increasing efficiencies. 
• Review financial statements, activity reports and performance data to measure goal achievement and enhance operational efficiency. 
• Negotiate and/or approve major contracts and agreements with suppliers and service providers in line with the SARB Group Procurement and Supplier Management Policy, SARB Budget Guidelines, and the SARB’s delegations of authority. 
• Report on the status of the Human Capital and Operations Cluster to the GEC on a regular basis. 
• Provide assurance to the GEC on the impact of the Human Capital and Operations Cluster on other departments in the SARB. 

QUALIFICATIONS

To be considered for this position, the successful applicant must: 

• be in possession of a postgraduate qualification in Business Management, Finance or Economics;
• have 13 to 15 years’ management experience in a corporate environment; 
• have at least five years’ experience in a senior or strategic management role; 
• have acquired working knowledge of various pieces of relevant legislation, including the Labour Relations Act 66 of 1995, Basic Conditions of Employment Act 75 of 1997, Employment Equity Act 55 of 1998 and legislation related to financial regulations, procurement and information technology; 
• have a sound knowledge of corporate governance, risk management, financial regulations, supply chain management, a basic understanding of the workings of the SARB, and proven operational effectiveness; 
• have excellent interpersonal skills, with the ability to build cross-departmental relationships; 
• have demonstrated experience in persuading and influencing stakeholders appropriately; 
• be innovative and solution driven; 
• have strong leadership qualities with the ability to handle pressure well and resolve conflict effectively; 
• have excellent verbal and written communication skills in English; and 
• have the ability to interact professionally at all levels, both internally and externally.