(1830) Associate IT Risk Analyst

Location: Pretoria, South Africa

 

The successful candidate will support a team of analysts and senior analysts responsible for, among others, the following key performance areas:

Supervision

• Participating in supervisory reviews and practices (desktop and prudential meetings) in relation to information technology risk in PA-regulated insurers as well as support colleagues with PA-regulated banks and market infrastructures, including inspecting risk appetite and management practices with respect to information technology and information technology risk.

• Determine whether financial entities have established appropriate information technology frameworks, policies, and processes that address areas such as information technology governance, system development, project management, architecture, etc., and have made investments in information technology commensurate with the size and complexity of the operations.

• Ensuring regulated entities’ compliance with regulations governing information technology risk.

• Support other risk teams, including the Operational Risk, Credit Risk, and Market Risk divisions with supervisory duties with regard to IT-related elements.

• Research and develop regulations and methods to analyse and interpret information technology risk-based information.

• Monitoring regulated entities’ exposure to information technology risk, as reported to the PA under the various operational risk approaches.

• Providing technical information technology risk specialist support and guidance (SME).

• Assist with the development, analysis and interpretation of information technology / information technology risk assessments, surveys, and questionnaires.

• Staying abreast of international best practice and developments surrounding information technology risk matters to benchmark and implement locally.

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.

The purpose of this position is to realise the responsibilities of the Prudential Authority (PA) in respect of the supervision and regulation of IT risk in insurance entities. The successful candidate will be involved in operational duties associated with on and off-site analysis and will support a team of risk specialists in the PA who are responsible for providing specialist knowledge, skills and experience in the information technology risk management area.