(231) Winter School

Job Description

What is the SARB Economics Winter School about?

It is a week-long training programme for postgraduate economics students. This in-person experience will give students access to international best thinking on emerging economic research topics from local and international speakers. It is an opportunity for students to showcase their passion and skills through action-based learning projects that will expose them to central banking and immerse them into the South African Reserve Bank (SARB) culture. Students will also be inspired and challenged by team competitions to win amazing prizes.

Date and location

• 1-5 July 2024
• Protea Hotel Johannesburg Balalaika Sandton
• Note: Accommodation and transport support will be provided to all the successful candidates.

Qualifications

Who should apply?

Students need to meet certain requirements to apply.

You meet the requirements if you:

• have completed or are about to complete a postgraduate degree (see degree focus areas below);
• have attained or expect to attain an average of over 70% in your final year;
• have a strong desire to work in financial services and/or policymaking;
• have a proven track record of academic excellence;
• have excellent communication and interpersonal skills; and
• are a curious and keen learner.

Degree focus areas

The SARB will consider postgraduates or students studying towards a postgraduate qualification with capability in at least one of the following areas:
• Economics • Statistics • Mathematics • Finance • Actuarial Science

How to apply

All interested parties are invited to apply.

Internal applicants MUST apply through the HCM Cloud Solution.

Follow these links:

• Click on Me.
• Click on Show More.
• Under Current Jobs, click on Search Jobs, then select the job 231 to apply for.
• Click on Apply now.

External applicants MUST apply online, via www.resbank.co.za.

All available vacancies will be visible.

Follow these links:

• Click on WORK @ SARB (Career opportunities).
• Under Latest vacancies, scroll to 'For more vacancies click here' and click on here.
• Click on All jobs.
• Select the job you want to apply for.
• Click on Apply now.
• Login/register
  • Is this your first visit to our Job Site? > Register today (Ensure that you include all your skills and qualifications during the registration process.); or
  • Already registered on our Job Site? > Already registered? > Login here.

All information requested and questions asked on the online application process are compulsory. This means applications with missing information will not be considered.

What must be submitted with your application

• certified copy of your full academic record which shows 2024 registered courses,
• your curriculum vitae - no longer than two pages; and
• a motivation research paper explaining how central banks should respond to the growing adoption and integration of technology in the financial sector (600 words; 12 pt Arial font).

The closing date for applications is 8 March 2024. Late applications will not be considered.

After you apply

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.

Correspondence will be limited to selected candidates only. If you have not heard from us within 4 weeks after the closing date, please consider your application unsuccessful. If you have questions, please email them to the following email address: ERDRecruitment@resbank.co.za. Note that the email provided is for enquiries only. No applications will be accepted through email.

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

Economic Research Department (ERD)

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