Associate Resolution Planning Specialist

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.

The successful candidate will be responsible for, among other things, the following key performance areas:

• Assist with the development and drafting of resolution-related policy, including regulatory instruments.

• Conduct or assist with research, analysis and benchmarking against international standards and best practices on resolution-related topics.

• Assist with the drafting and maintenance of resolution plans.

• Analyse data submitted by financial institutions for developing or updating resolution plans.

• Participate in engagements with financial institutions and industry stakeholders on issues related to crisis management and resolution.

• Assist with or make presentations to various SARB and industry forums on resolution-related topics.

• Assist with the administrative duties for meetings with internal and external stakeholders.

• Contribute to the activities of resolution-related committees and their structures.

• Assist with secretariat duties for specific resolution-related committees.

• Contribute to the broader work of the Resolution and Crisis Preparedness Division, including methodologies to measure the systemic significance of financial institutions, simulations to test the resolution framework and work relating to failing institutions.

• Assist with and/or contribute to other policy developments within the broader Financial Stability Department and any internal and external committees it serves, including international committees.

• Keep abreast of international developments on resolution-related matters.

• Assist with identifying information gaps and developing proposals to address them.

• Assist with the day-to-day activities of the Division.

To be considered for this position, candidates must have:

• an Honours’ degree in either Banking, Finance or Law or any other equivalent qualification; and

• two years’ job-related experience within the financial sector or financial services industry.

Additional requirements include:

• knowledge of regulatory frameworks and international standards;

• knowledge and understanding of business continuity or crisis management;

• knowledge of, or experience in, managing distressed assets;

• facilitation and presentation skills;

• strong interpersonal skills;

• strong communication skills (verbal and written); and

• proficiency in the use of Microsoft (MS) Office products such as MS Word, Excel and PowerPoint.