The purpose of this position is to prepare, execute, monitor and report on strategic, operational and specialised risks for the National Payment System Department (NPSD).
Detailed Description

The successful candidates will be responsible for, among other things, the following key performance areas:

  • Assist with the implementation, review, update and maintenance of the operational risk management and compliance framework.
  • Coordinate and plan the annual operational and strategic risk assessment workshops with the Risk Management and Compliance Department (RMCD) and relevant stakeholders.
  • Provide advice on risk and compliance management issues relating to the operating area within the NPSD.
  • Develop operational risk profiles and risk action plans relating to the national payment system (NPS) operating area.
  • Coordinate, plan and execute activities relating to the management of specialised operational risks (including cyber-risk, change management, project risk management and business continuity management).
  • Conduct operational risk assessments, prepare reports, develop risk mitigation plans, and report on progress, in line with RMCD and Board Risk and Ethics Committee agendas.
  • Actively stay abreast of new approaches (best practices), methods, analytical techniques and procedures in risk management.
  • Implement risk monitoring processes for risk and compliance management.
  • Assist in preparing for briefings and presentations with relevant stakeholders.
  • Assist with the preparation of scenarios, coordinate training and awareness sessions, and provide training in areas of governance, risk management and controls relevant to the departments.
  • Coordinate and liaise with RMCD, internal and external audit, as well any other relevant stakeholders to improve and enhance audit, risk and compliance activities.
  • Log risk incidents relating to the operational area.
  • Monitor and report on risk action plans relating to the logged risk incidents.
Job Requirements
    • To be considered for this position, candidates must have:
  • a Bachelor’s degree in Risk Management; and
  • five to eight years’ experience in a banking, finance and payment environment, of which at least two years must be in risk management.

Additional requirements include:

  • sound knowledge of recognised risk management frameworks, processes, standards and practices;
  • experience in the use of relevant risk management computer software applications;
  • proven facilitation and presentation skills;
  • excellent interpersonal as well as verbal and written communication skills;
  • proficiency in the use of MS Office products (Word, Excel and PowerPoint);
  • proven scribing and minute-taking skills; and
  • the ability to function independently (self-starter).
How To Apply

All interested parties are invited to apply.

Internal applicants: Please note that internal applicants MUST apply through the ERP system. Apply now.

External applicants: External applicants MUST apply online, via

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Do not enclose copies of your identity document or qualifications with your application.

Shortlisted applicants will be subjected to a psychometric assessment, an appropriate reference check and a security clearance as part of the selection process.

The closing date for applications is 27 January 2021 . Late applications will not be considered.

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 experience and competence.

Ms Sarah Molomo
Senior Manager: Recruitment and Selection
Human Resources Department

Amount of Travel
Work At Home