The successful candidate will be responsible for the following key performance areas:
- Plan the project operational and business analysis activities (e.g. identify deliverables and tasks and determine the scope of work).
- Manage projects and business analysis activities to ensure delivery of projects’ objectives.
- Maintain, manage and operate the regional system according to service level agreements.
- Develop business procedures and processes relating to the regional system.
- Provide training and capacity building on the system to internal and external stakeholders.
- Manage business relationships with stakeholders, central banks and with system participants, in conjunction with their central banks, and ensure necessary support is provided.
- Manage the testing of the regional system to ensure compliance with business and operational requirements.
- Execute the cost recovery framework for the system.
- Support risk management and compliance for the regional system.
- Perform stand-by supervisory role for the regional system, when required.
- Develop and prepare operational reports on the regional system, monthly and when required.
- Develop service level agreements with participants, regional clearing and settlement operations and other stakeholders.
- Oversee and execute the tasks as set out by the stakeholder management framework.
- Coordinate the onboarding of participants (banks and non-banks) to the real-time gross settlement (RTGS) system.
- Report all suspicious fraud and ant-money laundering/combating the financing of terrorism/proliferation financing transactions to RTGS Rules Management and Compliance Enforcement Unit.
- Act as a change champion for key strategic initiatives within the Domestic and Regional Settlement Services (e.g. RTGS Renewal Programme or new product and service launches).
- Evaluate own and team members performance against given criteria and identify and address task specific learning needs.
- Coach and mentor junior staff members to ensure development and growth.
- Plan, organise, control, manage and evaluate the work of team members.
To be considered for this position, candidates must be in possession of:
- an Honours degree in Economics, Financial Management, Information Technology or an equivalent qualification; and
- 8−10 years’ experience in banking, financial or payment system environment.
Additional requirements include:
- knowledge of RTGS system;
- knowledge of SWIFT payment system messaging standards;
- risk management skills;
- knowledge of the national payment system;
- project management skills;
- analytical skills;
- decision-making skills;
- research methodologies skills; and
- problem-solving skills.
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.
