Brief description
The main purpose of this position is to facilitate and drive the development, review and implementation of the information technology (IT) strategy to support the transformation of the South African Reserve Bank (SARB).
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Facilitate and drive the formulation, review and refinement of the IT strategy of the SARB on a periodic basis in alignment with the changing IT business environment.
- Provide thought leadership, decision support and strategic consultation to the SARB’s Business Solutions and Technology Department (BSTD) and the business.
- Package and present the IT strategy to key stakeholders for the purposes of engagements and approvals.
- Facilitate and drive the development of the IT business plan in support of the IT strategy.
- Establish and manage internal and external stakeholder relationships throughout the IT strategy life cycle to ensure the approval and adoption thereof.
- Proactively research and assess both internal and external environments which may impact on the management of information and the adoption of technology relevant to the SARB.
- Track and report on the progress of execution against the IT strategy.
- Factor an appropriate funding model to enable the practical execution of the IT strategy and make recommendations on how to achieve long-term scalability, reduce operational costs and better support business processes.
Job requirements
To be considered for this position, candidates must be in possession of:
- at least an Honours degree (NQF 8) in IT or Commerce, or an equivalent qualification; and
- at least 8–10 years’ experience in strategy development, with a strong focus on IT.
Additional requirements include:
- experience in strategy development and maintenance;
- managing complexity and ambiguity;
- showing resilience;
- having a strong drive for results;
- being a strong team player; and
- having knowledge and skill in:
- strategy planning;
- stakeholder management;
- market research;
- strategy and communication project management;
- strategic thinking;
- conceptual thinking;
- impact and influence;
- judgement and decision-making;
- effective communication;
- analysis and problem-solving;
- presentation design and reporting as well as associated software knowledge; and
- contract and supplier management.
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.
