Brief description
The purpose of this position is to deliver high-quality work in respect of the following monetary policy and government funding operations:
- Implementation of monetary policy by the South African Reserve Bank (SARB), mostly through liquidity management operations.
- Funding operations for government, which include conducting primary auctions.
- Dealing in the secondary market for government bonds, as may be necessary.
Furthermore, the senior specialist will be entrusted with a shared responsibility for the management of the financial assets of the Corporation for Public Deposits (CPD) and the Corporation for Deposit Insurance, while also playing an active role in key projects relating to monetary policy implementation, government funding operations and the management of the above-mentioned local-currency investment portfolios.
Detailed description
The successful candidate will be responsible for the following key performance areas:
- Implement monetary policy by monitoring the market, leading the development of trading strategies, conducting transactions such as auctions for purposes of liquidity management and on behalf of government (bond auctions and Treasury Bill auctions).
- Undertake investments for the CPD in accordance with investment guidelines, operational requirements, and policies and legislation.
- Supervise and quality assures the transactions of other Financial Market Specialists.
- Contribute to the analysis of existing reference rates and the design of new rates where necessary and contribute to the design of governance frameworks that relate to the code of conduct on benchmark rates.
- Provide oversight on the market commentary prepared by junior Financial Market Specialists.
- Look for opportunities to automate routine tasks by leveraging innovative programming languages and encourage and assist Junior Specialists to continually innovate and improve their work processes.
- Conduct comprehensive research for special projects by applying a robust and structured research methodology.
- Stay abreast of all methodological developments relevant to own disciplines that affect the collection and development of time series and market research, trade execution and investment management process as
well as operations and apply this in own research.
- Prepare and make convincing presentations to own team on a regular basis as well as to departmental forums and other departments of the SARB.
- Prepare and contribute to the preparation of briefings, speeches, and presentations for senior management forums in the SARB as well as external forums.
- Lead presentations in external forums on behalf of the Division.
- Participate in projects relating to monetary policy implementation, government funding operations and the management of the above-mentioned local-currency investment portfolios.
- Participate actively on-the-job training for Junior Financial Market Specialists, which may be in the form of workshops or internal forums on research conducted.
- Provide inputs in the overall performance evaluations of other Financial Markets Specialists where applicable.
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