(1226) SWIFT Specialist - BSTD

Brief Description

The main purpose of this position is to design, implement, test and maintain solutions in support of the South African Reserve Bank’s (SARB) payment system as well as the internal and external Society for Worldwide Interbank Financial Telecommunication (SWIFT) business processes for the SARB, the Southern African Development Community (SADC) and the South African Multiple Options Settlement (SAMOS) system.

Detailed Description

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

• Define own work plan and deliverables with guidance from the line manager, and prioritise the delivery of own outputs against the work plan.
• Deliver high-quality and relevant work, which includes to:
• design, develop, implement, test and maintain the SWIFT Alliance suite, the SWIFTNet Network and the SWIFTNet WebAccess infrastructures, including server operating systems, Cisco networks, IBM MQ series, the SWIFT hardware security model (HSM), the SWIFT virtual private network (VPN) and telecommunication links;
• gain an understanding of client requirements and provide technical assistance to other SWIFT colleagues and end users in their daily work; 
• contribute to the preparation of system specifications, system testing, documentation, job controls and deliverables, including the maintenance of programme libraries and technical documentation; and
• contribute to the preparation of system specifications, system testing, documentation, job controls and deliverables, including the maintenance of programme libraries and technical documentation; and discuss problems and possible solutions with senior team members
• Perform SWIFT activities as well as SARB business continuity planning (BCP) and disaster recovery (DR) testing to meet business requirements.
• Perform SWIFT health checks as well as SARB-related internal and external audits.
• Be responsive to client requests, listen to and accommodate client needs, display appropriate flexibility, and keep clients updated at all times, including providing assistance with client requests relating to the SADC, the SAMOS system and SARB requirements (including travel).
• Comply with expected standards and procedures for the completion of processes and tasks, and propose improvements to workflow, processes, standard operating procedures and systems.
• Comply with the SARB’s policies, procedures and other legislative requirements in order to mitigate risks within the SWIFT environment.
• Demonstrate a strong understanding of the business and operational aspects related to the SWIFT environment and associated applications.
• Provide support to the business in relation to the management and maintenance of the SARB’s external financial information feeds, including the London Stock Exchange Group (LSEG), Bloomberg and IRESS.

Job Requirements

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

• at least a Bachelor’s degree (NQF 7) or an Advanced Diploma (NQF 7) in Information and Communication Technology (ICT); and
• at least 5–8 years’ job-related experience.

Additional Requirements Include:

• industry, organisational and business awareness, knowledge and skill;
• quality assurance knowledge and skill;
• continuous improvement knowledge and skill;
• continued learning and/or professional development knowledge and skill;
• BCP knowledge and skill;
• application support and maintenance knowledge and skill;
• infrastructure design and development knowledge and skill;
• infrastructure support knowledge and skill;
• network design and security knowledge and skill;
• systems integration knowledge and skill;
• systems specialisation knowledge and skill;
• information technology (IT) governance, risk and compliance knowledge and skill;
• testing knowledge and skill;
• business relationship management knowledge and skill;
• IT enablement reporting knowledge and skill; and 
• capacity and performance management knowledge and skill.

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.

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.