The South African Reserve Bank is calling on suitable candidates to submit their applications and qualify for its Graduate Development Programme for 2022. If you’re interested in applying, be sure to go over minimum eligibility requirements as well the responsibilities of the role.
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 a 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
South African Reserve Bank Graduate Development Programme 2022
The successful candidate will have an opportunity to work and learn at SARB’s headquarters where the graduate programme will run from January to December 2023 at the SARB Academy. During the graduate programme, the graduate will gain exposure to a range of learning interventions based wholly in central banking and are all are geared toward developing well-equipped and versatile central bankers. Furthermore, the successful candidate is expected to acquire the following professional and personal skills such as:
- Assertive communication
- Public speaking and presentations
- Developing effective PowerPoint presentations
- Impactful reporting
- Personal excellence and etiquette
At the end of the Graduate Programme, selected graduates will be offered permanent positions in SARB. The selection of graduates will be based on the following criteria:
- Interested in growing a career at SARB
- Inclined to contribute to financial stability, monetary policy, currency management, financial markets, supervising financial institutions
- Displayed behavior aligned with SARB’s values such as excellence, accountability, respect, integrity, open communication, and trust
- Able to work and contribute independently or as part of a team
- Showed superior performance at work and in academics
Who should apply?
- Holds a postgraduate qualification in any of the following areas:
- Policy analysis
- Public finance
- Financial Management
- Investment/Portfolio management
- Information Technology
- Business Analysis
- Quantitative Analysis
- Risk Management (financial/operational risk)
- Project Management
- Economics and International Relations
- Must have achieved a 65% average in the final year of qualification
- Genuine passion to work in the financial sector and/or policy-making
- Demonstrated good track record in academics
- Exceptional interpersonal and communication skills
- Eager to learn; always curious
How do I apply?
Eligible applicants who wish to apply may do so by registering a profile on SARB’s online recruitment platform. Click the link below to get started:
The deadline for submission of applications is on 31 March 2022.
Feedback will be sent to shortlisted applicants.
Should you wish to get in touch with the South African Reserve Bank, call 012 313 3911 or 86 112 7272.
Click the link to view a PDF copy of the South African Reserve Bank Graduate Development Programme 2022 advert page.