The successful candidate will be responsible for the following key performance areas:
Process and finalise applications and correspondence of varying complexity within defined parameters.
Assist in the planning of inspections, lead the inspection process and report on inspections.
Ensure compliance with the reporting requirements for cross-border transactions to prevent the abuse of the financial system and support the regulation of financial institutions.
Enhance risk-based supervisory practices by embedding a data-driven decision-making culture.
Supervise the preparation and finalisation of reports, such as statistical reports and management information.
Provide input to stakeholder engagements with institutional investors, Authorised Dealers, National Treasury and other regulators.
Contribute to the operational plan of the section in line with the strategic focus areas of the department.
Ensure compliance with applicable legislation, South African Reserve Bank policies, standards and procedures, including control procedures aimed at mitigating risks.
To be considered for this position, candidates must have:
a Bachelor of Commerce degree or an equivalent NQF level 7 qualification;
five to eight years’ experience in financial or banking services; and
knowledge of the Currency and Exchanges Manual for Authorised Dealers and exchange control regulations as well as experience in conducting inspections will be an advantage.
Additional requirements include:
knowledge and skill in:
-industry, organisational and business awareness;
-regulatory and supervisory awareness;
-business continuity planning;
-risk and compliance assessment, monitoring and reporting;
skill in:
-verbal and written communication (including presentation and report writing);
-analysis and problem-solving;
-judgement and decision-making;
-planning and organising;
a service and stakeholder focus;
a drive for results;
competence in Microsoft Office and workflow packages (e.g. Excel, Word, PowerPoint and SharePoint);
financial and business acumen; and
the ability to build and maintain professional relationships.
In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.
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.
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability".
The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
