The South African Reserve Bank (SARB) is the central bank of South Africa. Its primary mission is to safeguard the value of the country’s currency in order to promote balanced and sustainable economic growth within the Republic. The SARB operates independently, free from fear, favor, or prejudice, in support of its primary objective.
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Core Functions of the SARB
Monetary Policy
The Constitution of South Africa entrusts the SARB with the responsibility of protecting the value of the South African rand. To achieve this, the SARB uses interest rates as a tool to maintain inflation at a low and steady rate.
Financial Stability
The SARB is also mandated to protect and enhance the stability of the country’s financial system. It does this by identifying potential systemic risks that could disrupt the financial system and taking measures to mitigate them.
Prudential Regulation
The Prudential Authority, a part of the SARB, regulates financial institutions and market infrastructures. Its goal is to promote and enhance the safety and soundness of these institutions, thereby supporting overall financial stability.
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Financial Markets
The SARB uses open market operations as its main tool for implementing monetary policy. In addition, it manages South Africa’s gold and foreign exchange reserves.
Financial Surveillance
The SARB oversees cross-border transactions to prevent the misuse of the financial system. It also supports the regulation of financial institutions.
Payments and Settlements
The SARB ensures the safety and soundness of the national payment system. This system is crucial to the functioning of South Africa’s modern financial system.
Statistics
The SARB provides crucial economic and financial statistics, which offer a comprehensive overview of South Africa’s economic situation.
Research
The SARB conducts research in various areas, including economics, financial stability, banking, and emerging trends in finance. The findings of this research inform policy decision-making.
Banknotes and Coin
The SARB has the exclusive right to produce, issue, and destroy banknotes and coins in South Africa.
Job Description
Brief Description: This position involves providing comprehensive administrative support across all areas of Human Resources (HR).
Detailed Description: The successful candidate will be expected to perform the following key tasks:
- Engage in short-term planning and execute tasks as per the work plans defined in conjunction with the immediate line manager.
- Provide comprehensive administrative support services across various HR disciplines.
- Carry out administrative tasks independently, adhering to established HR practices, processes, and regulations, and ensuring compliance with the Bank’s standards, policies, and guidelines.
- Evaluate and address HR queries, directing and/or escalating more complex issues to the immediate line manager/team leader and/or other internal HR professionals.
- Maintain an accurate HR information/records management system, ensuring that the information is accessible, up-to-date, and complies with legislative requirements.
- Provide management information to the immediate line manager/team leader as required for effective reporting.
- Engage with the internal HR team, client departments, and external stakeholders to ensure optimal service delivery.
- Proactively broaden HR knowledge and display a willingness to make improvements in own work (including methods and practices).
- Evaluate own performance against given criteria, identify and address task-specific learning needs with the immediate line manager.
Qualifications
Job Requirements: Candidates must meet the following criteria to be considered for this position:
Requirement |
Description |
|---|---|
Education |
A minimum of an HR Post Matric certification (NQF 5) OR equivalent |
Experience |
A minimum of 1- 2 years’ experience in the relevant HR administration environment |
Skills |
Organizational skills and attention to detail, strong written and verbal communications skills, ability to multitask and prioritize tasks, proactive and able to work both independently and as part of a team |
Additional Requirements:
- Knowledge and skill in industry, organizational, and business awareness
- Knowledge and skill in quality assurance
- Knowledge and skill in continuous improvement
- Knowledge and skill in HR planning
- Knowledge and skill in HR legislation, governance, risk, and compliance
- Knowledge and skill in HR information management
- Knowledge and skill in relevant HR service delivery
- Flexibility
- Drive for results
- Learning focus
- Service & stakeholder focus
- Resilience
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