JOB DESCRIPTION:
South African Reserve Bank Graduate Development Programme
The South African Reserve Bank (SARB) is inviting productive and talented postgraduates to join its one-year Graduate Development Programme in January 2025.
What the SARB does
The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, the design and distribution of banknotes and coin, the management of interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.
What the Programme is about
Exposure to departments in the SARB
Graduates will work and learn at the SARB Head Office from January 2025 to December 2025. They will be assigned to a department and exposed to various tasks and projects.
During the Programme, graduates will attend various learning interventions at the SARB Academy. Interventions are mainly specific to central banking and are aimed at producing well-rounded central bankers. As part of the holistic programme, graduates will also gain personal and professional skills such as assertive communication, public speaking and presentations, creating powerful PowerPoint presentations, impactful reporting, teamwork and personal excellence and etiquette.
After the first year
At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:
are interested in continuing their career at the SARB;
have a desire to contribute to monetary policy, financial stability, currency management, supervising financial institutions, financial markets, or any one of the SARB’s enabling functions;
have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust and open communication;
can function independently and contribute actively and effectively in a team; and
have performed exceptionally well in their assigned departments and academically.
QUALIFICATIONS
Applications are open to candidates who have a postgraduate qualification in one of the following fields:
• Economics
• Econometrics
• Research
• Policy Analysis
• Public Finance
• Accounting
• Auditing
• Statistics
• Financial Management
•Information Technology
• Law
• Portfolio or Investment Management
• Mathematics
• Quantitative Analysis
• Business Analysis
• Project Management
• Risk Management (operational and financial risk)
• Treasury
• International Relations
Fintech
You meet the requirements if you:
have completed a postgraduate degree;
have attained an average of over 65% in your final year;
have a strong desire to work in financial services and/or policymaking;
have a proven track record of academic excellence;
have excellent communication and interpersonal skills;
are a South African citizen; and
are a curious and keen learner.
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.
APPLY NOW
JOB INFO
Job Identification
333
Job Category
Learnership
Posting Date
22/03/2024, 18:56
Apply Before
30/04/2024, 11:55
Degree Level
NQF 8: Honours degree, Post Graduate diploma and Professional Qualifications
Job Schedule
Full time
Job Shift
Day
Locations
Head Office, 1st floor, Pretoria, Gauteng, 0002, ZA