The main purpose of this position is to lead the strategy execution enablement function within the South African Reserve Bank's (SARB) Strategy Management Office (SMO) by integrating and coordinating strategy execution functions such as portfolio, programme and project management within the strategy cycle.
Detailed description
The successful candidate will be responsible for the following key performance areas:
Oversee the development and continual improvement of fit-for-purpose strategy execution products and services (framework, practices, methods, tools and templates) to ensure effective end-to-end strategy execution enablement.
Integrate and coordinate the strategy execution functions throughout the strategy management process to support effective strategy execution in the SARB.
Work with business in maturing strategy execution skills and resources across the strategy execution functions to help build sufficient capacity and capability to execute the SARB’s strategy.
Provide integrated reporting on the SARB’s performance by connecting portfolio performance.
Identify and mitigate risks related to the strategy execution functions and ensure compliance with relevant governance frameworks as defined by the SARB.
Take responsibility for the performance and overall development of staff within the function.
Partner with key stakeholders across the SARB – such as the Business Solutions and Technology, Internal Audit, Financial Services, Risk Management and Compliance, and Human Resources departments as well as project management offices – to collaborate on strategy execution.
Develop and manage relationships with key business stakeholders through the SMO business partnering model to enable effective strategy execution.
Use advanced analytics to understand the relationships or cause and effect within the strategy, providing insight to business to constantly test and adapt the strategy.
Maintain a network of other central bankers or stakeholders in similar industries in relation to leading strategy execution trends.
Job requirements
To be considered for this position, candidates must be in possession of:
a minimum of an Honours degree in Strategy Management or an equivalent qualification;
at least eight to 10 years’ experience in a strategy management role, either in a corporate strategy office or consulting house; and
three to five years’ experience in a financial services environment.
The following would be an added advantage:
a Master of Business Administration degree; and
experience in business architecture and enterprise change management.
Additional requirements include:
knowledge and skills in:
industry, organisational and business awareness;
quality assurance;
group strategy planning;
market research;
continued learning and/or professional development;
group strategy;
stakeholder management;
group strategy tools/equipment usage;
group strategy information management;
group strategy reporting;
communication management;
strategic thinking;
conceptual thinking;
the ability to manage complexity and ambiguity;
a drive for results;
impact and influence;
the ability to promote teamwork;
the ability to develop others;
problem-solving and analytical skills;
resilience;
a service and stakeholder focus;
effective communication skills;
the ability to build and maintain relationships; and
proactivity and agility.
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.
(1004) Lead Strategy Execution Enablement - ExMan