(1109) Business Analyst - Domestic Settlement Services - NPSD

South African Reserve Bank; Pretoria; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading South African financial institution seeks a Business Analyst for Domestic Settlement Services. The role involves driving analytical initiatives, managing projects, and consulting with stakeholders to identify business requirements. Applicants should have an Honours degree and at least five years of relevant experience. This opportunity offers competitive remuneration, fostering a diverse workforce, and supporting professional growth.

Qualifications

• 5 years' experience in a business analysis environment.
• Understanding of banking systems and reports.

Responsibilities

• Drive business analysis initiatives from initiation to implementation.
• Facilitate workshops with stakeholders to identify business requirements.
• Develop business cases and support project testing activities.

Skills

Driving results

Managing complexity

Leading change

Planning and organising

Judgment and decision-making

Relationship building

Education

Honours degree in Technology or Finance

Diploma in Business Analysis

Job description

(1109) Business Analyst - Domestic Settlement Services - NPSD

Job Description

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

• Take responsibility for driving business analysis initiatives from initiation to implementation on projects.
• Facilitate workshops independently and consult with business owners and stakeholders in respect of problem definitions and the identification of business requirements/needs.
• Review business processes and procedures, elicit and analyse business needs and associated data, identify and assess possible solutions, and define the associated requirements.
• Elaborate on the scope and feasibility of solutions and develop the supporting business case.
• Assist with the change requirements and provide specifications.
• Investigate problems and propose solutions by interacting with users, developers, testers and other stakeholders.
• Develop manuals and plans, and present training courses in support of implementation.
• Support project testing activities
• Stay abreast of changes to analytical tools and methodologies, identify opportunities to improve and standardise work processes, and apply these in own work.
• Engage in multiple initiatives simultaneously and take on a project management role in some initiatives.
• Plan, organise, control, manage and evaluate the work of team members and administer human capital functions.

Qualifications

To be considered for this position, candidates must be in possession of:

• An Honours degree in Technology or Finance; and
• a minimum of five years' experience within a business analysis environment.

The following would be an added advantage:

• a Diploma in Business Analysis; and
• experience in banking, with a focus on settlement and payment services, or back-office banking systems.

Additional requirements include:

• an understanding of banking systems and reports;
• driving results;
• managing complexity and ambiguity;
• leading change;
• planning and organising skills;
• developing and growing others;
• judgement and decision-making skills;
• resilience;
• impact and influence; and
• building and maintaining relationships.

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.

Human Resources Department

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.

About the Team

The National Payment System (NPS) comprises of the entire payment process including all the tools, systems, mechanisms, institutions, agreements, procedures, rules or laws applied or utilised to effect payment. The NPS therefore facilitates the circulation of money, that is, it enables transacting parties to exchange value.

Participants within the NPS provide the payment mechanisms/instruments and infrastructure to enable the participants and their clients to effect payments. These instruments can be credit cards, cheques, and electronic funds transfers (EFTs), such as debit and credit orders for example. The generation of financial transactions arising from the use of these instruments result in interbank payment and settlement obligations.

Central banks have always played an important role in countries' national payment systems. Where payments result in interbank obligations, central banks normally provide the interbank settlement facilities.