Job Identification
302
Job Category
Administration
Posting Date:03/14/2024, 11:43 AM
Apply Before:03/29/2024, 12:00 PM
Degree Level:NQF 7:Bachelor’s degree, Advanced Diplomas, Post Graduate Certificate and B-tech
Job Schedule:Full time
Job Shift:Day
Location: Head Office, 3rd floor, Pretoria, Gauteng, 0002, ZA
JOB DESCRIPTION
Brief description
The main purpose of this position is to assist the Senior Finance Business Partners in the Financial Services Department at the South African Reserve Bank (SARB) in delivering financial insights, knowledge and expertise to other departments of the SARB in order to ensure commercially sound decision making.
Detailed description
The successful candidate will be responsible for the following key performance areas:
Engage in short-term planning and perform tasks against work plans as defined in conjunction with the supervisor.
Perform work independently within established practices as well as given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
Identify, evaluate and solve defined, routine and new problems within a familiar context.
Perform general budgeting duties, including the compilation and consolidation of the annual SARB budget as well as tracking and reporting the SARB’s performance against the approved budget.
Assist with financial modelling and insights to help streamline the current budgeting process.
Perform general accounting duties and reconciliation in accordance with accounting and SARB polices, relevant accounting and banking standards, and Acts.
Prepare and provide information related to transactions with a defined context to relevant stakeholders.
Engage with relevant stakeholders/clients within the SARB, displaying service orientation in own work and the ability to handle basic queries and explain information fluently.
Proactively broaden knowledge of own functional area, displaying a willingness to make improvements in own work (including work methods and practices).
Evaluate own performance against given criteria, and identify and address task-specific learning needs.
QUALIFICATIONS
To be considered for this position, candidates must be in possession of:
the minimum of a Bachelor’s degree/Advanced Diploma in Accounting (NQF 7) or an equivalent qualification; and
the minimum of two years of experience in a financial services environment.
The following would be an added advantage:
being a newly qualified Chartered Accountant.
Additional requirements include:
Knowledge of and skill in:
industry, organisational and business awareness;
quality assurance;
continuous improvement;
continued learning and/or professional development;
financial modelling;
financial reconciliation; and
budgeting;
conceptual thinking;
effective communication;
flexibility;
a drive for results;
a learning focus;
the ability to work in a team;
a service and stakeholder focus;
the ability to build and maintain relationships;
judgement and decision making;
impact and influence;
analytical skills and problem solving;
resilience; and
the ability to manage complex issues.
ABOUT US
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.
