The successful candidate will be responsible for the following key performance areas:
- Conduct research and draft policies related to the resolution functions of the South African Reserve Bank (SARB).
- Develop resolution plans and assess the operational preparedness of financial institutions in resolution.
- Analyse data submitted by financial institutions to inform the development of resolution plans and resolvability assessments, and present findings to the Senior Resolution Planning Specialist.
- Identify information gaps within submitted data and propose actionable solutions to address these gaps.
- Evaluate and interpret industry-wide issues concerning the coordination and management of failing financial institutions as well as the risks associated with such failures.
- Engage with financial institutions and industry stakeholders to address matters related to resolution processes.
- Identify and highlight obstacles to orderly resolutions, facilitate both internal and external meetings to discuss these challenges and develop recommendations for consideration by the SARB executive.
- Stay abreast of international best practices and sector developments, analyse their implications on the work of the Resolution Planning Division and recommend improvements to current practices.
- Prepare and deliver presentations to SARB and industry forums on topics related to resolutions.
- Execute the day-to-day activities of the Resolution Planning and Crisis Management Division.
To be considered for this position, candidates must be in possession of:
- an Honours’ degree in either Banking, Finance, or Law or have an equivalent qualification; and
- at least five years’ relevant experience, including policy drafting, with a background in finance or financial regulation; and
- completed accounting articles will be an added advantage.
Additional requirements include having:
- sound, working knowledge of the financial sector;
- in-depth understanding of banking, insurance and market infrastructures;
- in-depth knowledge of financial sector regulatory frameworks and international standards;
- knowledge of, and experience in, crisis management;
- proven experience in risk reporting or intelligence gathering in the supervision of banks, insurers or market infrastructures;
- knowledge of, or experience in, distressed asset management;
- experience in mergers and acquisitions;
- proven facilitation and presentation skills;
- strong interpersonal skills;
- strong verbal and written communication skills; and
- proficiency in Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.
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.
