Manager - Licensing

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.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Review the analysis and recommendations of the licensing team to ensure compliance with legislative and governance processes.

• Contribute to the development of the divisional operational plan and policies.

• Develop and implement operational plans for the Licensing Section and manage their implementation.

• Manage and provide guidance on the PA’s licensing function to ensure the timely and accurate processing of licensing and related applications.

• Ensure the continuous improvement of the delivery and functioning of the licensing process

• Develop procedures, processes, internal controls and system requirements for the Licensing Section.

• Identify and mitigate risks related to the licensing function and ensure compliance with relevant governance frameworks.

• Manage staff performance and promote and support career management and development.

• Provide integrated management information reports to support decision-making.

• Lead and participate in engagements with relevant internal and external stakeholders and clients.

Job requirements

To be considered for this position, candidates must have:

• a minimum of an Honours degree (NQF level 8) in Law or an equivalent qualification in a related field;

• at least eight to 10 years’ experience in a legal and/or regulatory environment, of which two to three years should be in leading teams; and

• admission as an attorney will be an advantage.

Job-related attributes include:

• knowledge and skill in:

• industry, organizational and business awareness;

• quality assurance;

• continuous improvement;

• continued learning and/or professional development;

• legislation and governance, risk and compliance;

• business continuity planning;

• relevant legislation; and

• corporate governance.

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.