About South African Reserve Bank

The South African Reserve Bank (SARB) is South Africa’s central bank, primarily mandated to protect the value of the currency (the rand) in the interest of balanced and sustainable economic growth. The bank is headquartered in Pretoria and is one of the few central banks in the world with private shareholders.

The main purpose of this position is to monitor the receipt of goods or export proceeds in respect of import and export transactions, thereby contributing to the maintenance of the balance of payments of South Africa.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Monitor import and export transactions to ensure compliance with exchange control regulations.
• Process applications for imports and exports for approval by the team leader.
• Analyse data, prepare reports based on findings and provide regular status updates to the team leader.
• Plan and conduct inspections and provide written reports for approval by the team leader or manager.
• Participate in short-term planning and perform tasks in line work plans as defined with the team leader.
• Work independently within established inspection best practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Deliver work that meets the time and quality standards set by senior staff, ensuring effective daily monitoring and reporting of all reportable transactions.
• Engage with internal stakeholders and participate in meetings with external stakeholders.
• Proactively expand own knowledge and keep abreast of changes in relevant regulations and policies.
• Perform general administrative and ad hoc duties as required.

Qualifications

To be considered for this position, candidates must have:

• a National Diploma in either Finance, Informatics, or Statistics, or an equivalent NQF 6 qualification; and
  •    two to five years’ experience in the exchange control environment.

Additional requirements include:

• knowledge of:
  –    the Operations Manual for reporting;
  –    risk management and compliance practices and standards;
  –    exchange control legislation, governance, risk and compliance; and
  –   business continuity planning;
  •    competence in data analytics tools (e.g. SAS or Power BI);
  •    competence in Microsoft Office software packages (e.g. Excel, Word, PowerPoint);
  •    proficiency in verbal and written communication (including presentation and report-writing skills);
  •    a drive for results;
  •    analysing and problem-solving;
  •    learning focus; and
  •    service and stakeholder focus.

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.