The posting
Job Description
The successful candidate will be responsible for the following key performance areas:
- Conduct research to inform the development of policies related to the Prudential Authority’s (PA) market exit functions.
- Facilitate the effective execution of curatorship, statutory management, judicial management and liquidation process of distressed and non-viable financial institutions.
- Coordinate reports of market exit tasks from FST, i.e. curatorship, judicial/ statutory management of non-banks, non-sifis for submission to PARAC or relevant governance structure.
- Analyse information received from the financial institutions to assess and/ or inform the adequate market exit plans for large entities.
- Develop market exit plans and conduct resolvability assessments of financial institutions to prepare for execution in the event of failure.
- Execute the market exit plans for orderly exit of the failed financial institution from the market
- Engage with financial institutions, and relevant stakeholders (internal and industry) on issues related to market exit process.
- Review the recovery plans submitted by the financial institutions to assess adequacy and appropriateness, provide inputs and recommendations where necessary (in collaboration with Frontline teams and applicable risk specialist teams).
- Stay abreast of the international practices and sector developments, analyse implications thereof for the Market Exit section and recommend improvements to current practices.
- Present to the PA and industry forums on topics related to market exit planning and recovery process.
- Compile a report on all recovery and market exit actions taken to provide insights, trends and provide recommendation to internal and external stakeholders.
Qualifications
Job requirements
To be considered for this position, candidates must be in possession of:
- A Postgraduate qualification in Banking, Finance, Law or equivalent qualification (NQF 8);
- a minimum five to seven years’ job-related experience in financial, Law or in the financial services sector, policy environment or regulatory environment
Additional requirements include:
- regulatory frameworks and international standards (Basel Committee in Banking Supervision Standards (BCBS), International Association of Insurance Supervision Standards (IAIS); Financial Stability Board
- Financial sector laws (Banks Act, Insurance Act, Financial Sector Regulation Act, Insolvency Act, etc.
- Knowledge of, or experience in, managing distressed entities.
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 is appointed will depend on their 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.



