The successful candidate will be responsible for the following key performance areas:
To develop and manage the implementation of operational plans for the section.
To manage the output of the capital analyst team responsible for capital related support, the monitoring and reporting of current and emerging risk pertaining to capital management.
To lead and manage strategic relationships (stakeholders/clients, within the SARB and external).
To manage the delivery of work objectives through resource utilisation, setting of targets, prioritisation of work, and direct other operational activities.
To identify and mitigate risks related to own function and ensure compliance with relevant governance frameworks
To develop a risk-monitoring framework for the identification, monitoring and management of risks to the banking, financial market infrastructure (FMI), and other sectors;
To manage the inputs to the assessment of the macroeconomic environment in collaboration with the Financial Stability department and the detection of the build-up of risks, trends and concentrations in the banking, FMI and other sectors;
To provide integrated management information reports on the banking and FMI and other sectors to internal stakeholders and other relevant authorities.
To participate on local and international committees or forums such as the Basel Committee and specifically its sub-committees and the relevant working groups.
To manage, develop and implement the regulatory and supervisory frameworks, relating to capital management of banks, FMIs and other sectors.
To manage the performance of staff and promote as well as support career management and development
Formal Qualifications/Education:
A minimum of a post graduate qualification or Honours degree (NQF 8) in Accounting, Economics or Finance degree OR equivalent
Job Related Knowledge and Skills Requirements:
Industry, organisational and business awareness knowledge and skill
Banking sector, or FMI sector regulations and legislation
Understanding of the macro-economic environment
Understanding of accounting principles and financial ratios
Research methodologies
Knowledge in Capital Management within the Banking / or FMI environment
Behavioural Competencies:
Cultivates self-awareness and mastery
Develops inter-personal effectiveness
Builds and maintains trust
Acts with empathy and compassion
Develops and empowers teams
Fosters diversity and inclusion
Creates and drives purpose
Leads cohesive teams through effective communication
Fosters collaboration
Leads change
Manages Complexity and Ambiguity
Drives digital dexterity/fluency
Job Related Work Experience:
A minimum of 8-10 years of experience in Capital Management in the Banking / FMI environment
A minimum of two to three years’ experience in managing teams
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.