Brief description
The main purpose of this position is to prepare, execute, monitor and report on the information and communication technology (ICT) capital budget of the South African Reserve Bank (SARB) as well as the operational budget of the SARB’s Business Solutions and Technology Department (BSTD) to enable effective and efficient financial management within BSTD.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Plan the capital and operational budgets based on the budget guidelines in consultation with relevant stakeholders in order to meet the SARB’s budgetary deadlines.
- Prepare detailed schedules through consultation with relevant BSTD stakeholders in order to fulfil the SARB’s policy requirements.
- Execute the approved budgets through the submission of procurement requests, the payment of vendors as well as the correct classification and allocation of expenditure in order to fulfil the ICT requirements within the SARB.
- Monitor expenditure against the budgets through reconciliation and verification, ensuring efficient cash flow management as well as compliance with policies and contracts.
- Collect and analyse financial data in order to provide reporting on variance, exceptions, expenditure as well as project and procurement status for the effective management of the budgets.
- Identify and respond appropriately to stakeholders’ need for specific finance-related advice.
- Provide guidance and coaching to stakeholders, ensuring ongoing support on ICT-related financial matters.
Job requirements
To be considered for this position, candidates must be in possession of:
- at least a Bachelor’s degree (NQF 7) or an Advanced Diploma (NQF 7) in Accounting, or an equivalent qualification; and
- at least 2–5 years’ experience in a financial accounting environment.
The following would be an added advantage:
- an International Computer Driving Licence (ICDL) certificate.
Additional requirements include:
knowledge and skills in:
− industry, organisational and business awareness;
− quality assurance;
− continuous improvement;
− administration planning;
− legislation, governance, risk and compliance;
− administration service delivery;
− administration reporting;
− cost administration;
− financial forecasting and budgeting; and
− data analysis and reporting.
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.
Human Resources Department
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.