The South African Reserve Bank (SARB) is currently accepting applications for its upcoming Graduate Programme for the financial year 2021 intake.
The central bank of South Africa was founded in 1921 to correct the abnormal monetary and financial state of the nation resulting from World War I. It is the fourth central bank established beyond the borders of the UK and Europe. The SARB is privately-owned and the oldest central bank in Africa.
As the central bank of Africa, the SARB’s functions are:
- Create and implement monetary policy
- Issue coins and banknotes
- Supervise the nation’s banking system
- Ensure that the National Payment System (NPS) is functioning effectively
- Manage the country’s official gold as well as foreign exchange reserves
- Serve as banker to the South African government
- Manage the nation’s remaining exchange controls
- Act as lender of last resort in times of exceptional need
SARB Graduate Development Programme
The SARB Graduate Development Programme is a 12-month graduate programme for postgraduate students that will take place in the company’s head office in Pretoria. Here, the successful applicants will undergo a 40-day learning intervention programme with the aim of producing versatile central bankers.
Moreover, the graduates are expected to gain professional and personal skills such as:
- Impactful reporting
- Business disciplines
- Personal excellence
The graduate programme will run from January 2021 until December 2021 and will have the successful candidates work in various departments within the company and gain exposure to multiple roles and projects.
Who should apply?
Applicants will need to meet the following basic requirements in order to be considered eligible to apply for the graduate programme:
- Holds a postgraduate degree
- Attained a 65% GPA in their final year
- Possesses great interest in working within the financial services sector or policy-making institution
- Excellent academic record
- Exceptional interpersonal and communication skills
- A keen and eternally curious observer
Moreover, the South African Reserve Bank Graduate Development programme accepts applicants pursuing any of the fields of the studies below:
- Policy Analysis
- Public Finance
- Financial Management
- Information technology
- Investment or Portfolio Management
- Quantitative Analysis
- Risk Management
- International Relations
What is the selection process?
Applicants who get shortlisted will receive an invitation for:
- A series of assessments
- Personal interviews
- Security clearance
The selection of suitable candidates will be based on SARB’s goal of diversifying its workforce.
How to Apply
Qualified applicants will need to set up an online account on the SARB careers portal. Click here to start the process.
Make sure to use the IRC number for the internship to pull up the advert.
First, be sure to fill out the online application form completely. Secondly, upload your academic records along with an ID document. Shortlisted applicants will administered a psychometric test and a background security check.
Preference will be afforded to applicants from designated groups. Persons living with disabilities are encouraged to apply.
The deadline for applications is on 30 April 2020. No late submissions will be considered.
If no feedback is received by you, consider the application as unsuccessful.
For more information, get in touch with:
Ms Sarah Molomo
Manager of Recruitment and Selection
Human Resources Department
South African Reserve Bank
Click the link to view a PDF file of the South African Reserve Bank Graduate Development Programme 2020 advert.