South Africa Reserve Bank (SARB) Graduate Development Programme 2023 for South Africans


Deadline: 31st March 2022

South Africa Reserve Bank (SARB) Graduate Development Programme 2023 for South Africans

The South African Reserve Bank (SARB) is looking for productive and talented postgraduates to join its one-year Graduate Development Programme in January 2023.

What the SARB does

The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks, and ensuring stability of both the banking sector and the wider financial system.

Detailed description

What the Programme is about

Exposure to departments in the SARB

Graduates will work and learn at the SARB Head Office from January to December 2023. During the year, they will be assigned to a department and exposed to various tasks and projects.

During the Programme, graduates will attend various learning interventions at the SARB Academy. Interventions are mainly central banking specific and are aimed at producing well-rounded central bankers. In addition, personal and professional skills such as assertive communication, public speaking and presentations, creating powerful PowerPoint presentations, impactful reporting, teamwork, and personal excellence and etiquette also form part of the holistic programme.

After the first year

At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:

·       are interested in continuing their career at the SARB;

·       have a desire to contribute to monetary policy, financial stability, currency management, supervising financial institutions, financial markets, or one of the SARB’s enabling functions;

·       have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust, and open communication;

·       can function independently and contribute actively and effectively in a team; and

·       have performed exceptionally well in their assigned departments and academically

Job requirements

The SARB will consider postgraduate students with capability in at least one of the following areas:

• Economics • Econometrics • Research • Policy analysis • Modelling • Public finance • Accounting • Auditing

• Statistics • Financial management • Information technology • Law • Portfolio or investment management

• Mathematics • Quantitative analysis • Business analysis • Project management • Risk management (operational and financial risk) • Treasury • Economics and international relations

·       have completed a postgraduate degree;

·       have attained an average of over 65% 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;

·       are a South African citizen; and

·       are a curious and keen learner.

How to Apply

All interested parties are invited to apply.

External applicants MUST apply online, via www.resbank.co.za or visit SARB Careers page

·            All the available vacancies will be visible.

·            Please follow these links: WORK @ SARB > Current vacancies.

·            Login:

−    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.

·            Select the ‘Date posted’ > ‘Last 3 weeks’ (in the drop-down menu).

·            Select the appropriate IRC number to view the full advertisement.

visit the SARB Careers page

Please include a copy of your academic transcripts and your identity document with your application.

NB: Internal applicants MUST apply through the Enterprise Resource Planning (ERP) system.

IF YOU ARE FACING DIFFICULTIES OR YOU ARE CONFUSED ON HOW TO APPLY, PLEASE CONTACT THE FOLLOWING FOR ANY ASSISTANCETelephone: +27 12 313 3394 / sarb-graduaterecruit@resbank.co.za

All applicants will be advised of the outcome of their application. Shortlisted applicants will be invited to participate in assessments, interviews, and a security clearance as part of the selection process.
Graduates will receive a competitive salary for the duration of the Programme.

Ms Sarah Molomo

Senior Manager: Recruitment and Selection

Human Resources Department

South African Reserve Bank

For more Information: Visit the website for South African Reserve Bank