The South African Reserve Bank (SARB) is inviting productive and talented postgraduates to join its one-year Graduate Development Programme (Programme) in January 2024.
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.
The primary mandate of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth. In addition to this, the SARB has a statutory mandate to enhance and protect financial stability in South Africa. The SARB is also responsible for: issuing and destroying banknotes and coin; regulating and supervising financial institutions; managing the official gold and foreign reserves of the country; managing the national payments system; administering the country’s remaining exchange rate control systems; act... read more... read more
Exposure to departments in the SARB
Graduates will work and learn at the SARB Head Office from January to December 2024. 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:
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, or international relations.
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.
Please include a copy of your academic transcripts and your identity document with your application.
All applicants will be advised of the outcome of their application. Shortlisted applicants will be invited to participate in assessments, interviews and a security clearance as part of the selection process.
The closing date for applications is 14 April 2023. Late applications will not be considered.
Suitable candidates will be selected based on the SARB’s commitment to diversifying its workforce. People with disabilities are welcome to apply.
Graduates will receive a competitive salary for the duration of the Programme.
All interested parties are invited to apply.
Internal applicants MUST apply through the ERP system.
External applicants MUST apply online, via www.resbank.co.za
· All the available vacancies will be visible.
· Please follow these links: WORK @ SARB > Latest vacancies.
For more details visit: SARB Academy website.