Job Description

The main purpose of this position is to provide strategic leadership and guidance to the Group Security Management Department (GSMD), encompassing oversight of comprehensive, integrated multidisciplinary security management function across the South African Reserve Bank Group (SARB) Group.

The successful candidatewill be responsible for the following key performance areas:

• Provide leadership and strategic direction to all the SARB Group security functions.
• Monitor and advise on local and international developments regarding security threats, vulnerabilities and trends and implement appropriate counter measures.
• Lead and oversee the strategic SARB Group response to security incidents and exposures.
• Provide capability to execute security operations.
• Liaise with the relevant state security organs, including financial and cash sectors, on matters of strategic interest.
• Develop capable security staff and provide appropriate technology, processes and equipment that will facilitate optimal security services.
• Provide and lead the implementation of strategies, policies, standards and compliance relevant to the activities of the SARB in respect of the cash industry.
• Direct and coordinate the department’s financial and budget to fund activities and increase efficiencies.

To be considered for this position, candidates must have:

• an Honours degree in Security, Security Risk Management or an equivalent NQF8 qualification; and
• 13−15 years’ experience in security, law enforcement and/or security risk management, preferably in a high-value asset sector, of which at least 6 years should have been in a senior general management position.

The following will be an added advantage:

• a general management qualification.

Additional requirements include:

• sound knowledge of strategy development, general management, financial management, governance and risk management as well as high value asset distribution;
• in-depth working knowledge and an understanding of the management of diversity, strong leadership qualities and the ability to handle pressure and resolve conflict;
• strong verbal and written communication skills in English, with capability interact professionally at all levels both within and outside the SARB Group;
• be a self-starter and an original thinker with quick learning abilities, strong initiative and drive;
• leading change;
• strategic thinking;
• building and maintaining trust;
• developing and empowering others;
• fostering diversity and inclusion;
• leading teams through effective communication and collaboration;
• managing complexity and ambiguity;
• building and maintaining relationships;
• driving results; and
• sound judgement and decision-making.

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

WHAT WE DO

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.