2024 Graduate Development Programme

Job no: IRC33698
Job title: SARB Graduate
Location: Head Office, Pretoria
Organisation name: South African Reserve Bank
Department description: SARB Academy

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 (Programme) in January 2024.

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 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:

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 SARBs enabling functions;
have demonstrated behaviours aligned to the SARBs 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.

Job requirements

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.

Career ladder:
Functional Contributor (FC)

Enquires relating to this Programme may be directed to Ms Muriel Marais at Muriel.Marais@resbank.co.za

This position will be advertised internally and externally.

How to apply

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

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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 SARBs commitment to diversifying its workforce. People with disabilities are welcome to apply.

Graduates will receive a competitive salary for the duration of the Programme.