The posting
Job Description
The successful candidate will be responsible for the following key performance areas:
- Supervise the team’s administrative processes and ensure accurate and complete record-keeping.
- Supervise quality, facilitate the delivery of the section-specific outputs and optimise and manage the section’s resources, including banknote processing machines and people.
- Ensure that both the supervisor and note processors adhere to controls, established practices, processes, rules and regulations, and comply with standards, policies and other guidelines.
- Supervise and review team members’ work to ensure the accuracy and completeness of information integrated through the National Cash Management Solution.
- Diagnose problems and select or adapt routines to resolve them within a defined context.
- Engage with internal stakeholders and communicate in a coherent and convincing manner.
- Stay abreast of developments in the cash environment and ensure that both the supervisor and team members apply relevant developments.
- Propose and implement refinements and continual improvements to systems, tools, methods and processes within the area of responsibility.
- Plan work for the supervisor and banknote processors, exercising discretion in defining and prioritising the team’s work.
- Evaluate own performance against established criteria and identify and address task-specific learning needs.
- Take responsibility for managing the performance and development of the team.
Qualifications
To be considered for this position, candidates must have:
- a National Diploma in Business Management (NQF 6) or an equivalent qualification; and
- three to five years’ experience in a cash-handling environment, including at least one year of supervisory experience.
In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.
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.



