Junior Economic Statistician - ESD

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.

• Collect, compile, process and analyse statistics, and share findings with the internal team.

• Update and maintain the statistical database by verifying the accuracy of data received, validating source data and liaising frequently with data providers.

• Analyse economic conditions and assist in preparing comprehensive draft economic reports.

• Liaise with and provide statistical information to internal and external stakeholders.

• Demonstrate understanding and application of methodological standards to ensure adherence to international best practices.

• Assist with special projects and conduct research on statistical methodologies.

• Perform general administrative and ad hoc tasks as required.

To be considered for this position, candidates must be in possession of:

• an Honours degree (NQF 8) in Economics, Statistics, Finance or a related field; and

• two years’ experience in the field of statistics, economic analysis and financial economics.

Additional requirements include:

• an affinity for data, statistics and economic analysis;

• an aptitude for compiling data using computerised systems;

• initiative, with analytical and problem-solving skills;

• task-orientated, with excellent time management skills and a strong work ethic;

• ability to perform effectively in a deadline-driven environment and maintain quality under pressure;

• skills in managing complexity, ambiguity and high volume and unstructured data;

• ability to work independently and within a team or project environment;

• proficiency in the use of Microsoft Office products;

• good communication and interpersonal skills;

• good report writing skills; and

• the ability to pay attention to detail.