(1259) Treasury Administrator - Cape Town

Brief description

The main purpose of this position is to safeguard the assets of the South African Reserve Bank (SARB) as well as to manage the cash transactions efficiently to ensure adequate supply of high-quality of banknotes to the industry to meet public demand.

Detailed description

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

• Plan and perform tasks against work plans as defined in conjunction with the team leader.
• Manage the vault to ensure sufficient supply of banknotes to the cash industry.
• Capture and verify bulk deposits and withdrawals as per laid down procedures.
• Ensure cash industry personnel have authority to collect or deposit banknotes.
• Mitigate risks by ensuring adherence to controls, established practices, processes, rules and regulations.
• Provide information relating to cash transactions to the team leader for decision-making.
• Review and authorise work pertaining to cash transactions, to ensure accuracy and completeness of information integrated with the National Cash Management System, including preparing required documentation for the payment of charges.
• Act as a liaison and engage with external stakeholders to facilitate timely completion of transactions.
• Evaluate own performance against given criteria and identify and address task-specific learning needs.
  
   

Job requirements

To be considered for this position, candidates must have:

• a National Diploma in Business Management majoring in Accounting or an equivalent qualification; and 
• two to five years’ experience in a cash environment.

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.