(1051) Senior Financial Markets Specialist

(1051) Senior Financial Markets Specialist Job Description The main purpose of this position is to contribute to the development of financial benchmarks and the transition toalternativereferenceratesinSouthAfrica.Toenablepricediscovery,theSouthAfricanReserveBank(SARB) calculates and publishes several benchmarks, including the South African Rand Overnight Index Average (ZARONIA), which has been designated as the successor rate for the Johannesburg Interbank Average Rate (Jibar). The incumbent will oversee and optimise the production of SARB-administered benchmarks and drive initiatives aimed at increasing the adoption of ZARONIA in financial markets. Furthermore,astechnologicaladvancementsandtheavailabilityofdatacontinuetoshapefinancialmarkets,the incumbentwillberequiredtoconductresearchonmarketmicrostructuresandleadthedevelopmentofanalytics fordetectingmarketdysfunctionandmonitoringthetransmissionofmonetarypolicy.Assuch,theincumbentwill leveragedatasources,modelfinancialmarketsanddevelopdatavisualisationtoolsformonitoringcorefinancial markets. Thesuccessfulcandidatewillberesponsibleforthefollowingkeyperformanceareas: Research,developandmaintainadvancedanalyticsrelatedtointerestrateandforeignexchangemarkets. Provide thought leadership and contribute to position papers, presentations, speeches and other documentationpreparedbytheSARBWorkingGroup,MarketPractitionersGroup(MPG)andotherrelevant bodies. Contribute to the formulation and execution of strategic initiatives of the unit and the Financial Markets Department. Lead the developmentand periodicreviewof interestratebenchmarksandthe implementation ofsolutions for various calculation methodologies. Establishrelevantdatasourcesandleadtheimplementationofappropriatedatacollectionmodelstoenable the production of analytics. Oversee the benchmark determination process and enhance operating procedures and the control framework for benchmark administration. Collaborate with other financial market specialists, business analysts, data management specialists, integration specialists and software developers to design and implement infrastructure solutions. Prepareperiodicoperationalreportstoenableleadspecialists,seniormanagementandtheReferenceRate Oversight Committee to exercise their oversight function on all aspects of benchmark administration. Leverage data and analytics to prepare reports aimed at enhancing the transparency of various segments of interest rate and foreign exchange markets. Build and maintain relationships with reporting institutions, market infrastructure providers, industry bodies and other relevant stakeholders. Contributetothelearninganddevelopmentofjuniorspecialists. Assistwithcommitteeadministration. Contributetoprocessimprovement. Qualifications an Honours degree (NQF8) in Economics, Finance, Statistics, Data Science or an equivalent combination of education and job-related experience; and atleast8to10years’workexperienceinfinancialmarkets. Thefollowingwillbeanaddedadvantage: knowledgeoffinancialmarketsproductsandthepricingthereof; knowledgeofquantitativefinance; analyticalandconceptualthinkingabilities; availabilitytoworkirregularhoursonanadhocbasis; reportwritingskills; interpersonalskills;and 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. TheSARBoffersremunerationandbenefitscommensuratewiththelevelof thepositionandinlinewith the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience. Job Info Job Identification 1051 Job Category Financial Markets Specialist Degree Level NQF 8: Honours degree, Post Graduate diploma and Professional Qualifications Job Shift Day Locations Head Office, Pretoria, Gauteng, 0002, ZA #J-18808-Ljbffr