Job Description

Brief description

The main purpose of this position is to manage and enforce compliance with rules governing direct participation in the Southern African Development Community Real-time Gross Settlement (SADC-RTGS) system.

Detailed description

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


Maintain and review the effectiveness of the constitution of the settlement rules and Credit Transfer with Immediate Settlement (CTIS) scheme, including the terms of reference of governance structures and committees. Coordinate relevant governance structures/forums for the management of settlement CTIS rules. Maintain rule, dispute and working group committee standards and processes. Coordinate the review of access criteria for participation in SADC-RTGS and of settlement and CTIS rules (the Beige Book). Coordinate the establishment and review of criteria for the onboarding of multi-currencies onto the SADC-RTGS and SADC-RTGS currencies participation. Conduct investigations into matters relating to possible non-compliance with settlement rules and standards and ensure that corrective action is implemented by the responsible stakeholder. Coordinate membership of the settlement scheme and CTIS, including application, registration, onboarding, contracting, participation and offboarding. Manage stakeholder engagements and relationships (internal and external) to support and enhance the sustainability and growth of SADC-RTGS participation, including marketing and creating awareness of participation in the system. Conduct activities in support of the SADC-RTGS operator on governance requirements, including ensuring alignment with regulation. Coordinate commentary and inputs on changes to all regulations and submit to the relevant stakeholder. Coordinate activities relating to rules management to ensure that adequate risk measures and standards are in place to safeguard the SADC-RTGS operations. Review and align settlement/scheme rules with new products or services introduced by the SADC-RTGS operator. Stay abreast of current developments to contribute to the strategy of the division and ensure the application thereof (e.g. changes to policies, rules and regulations, legislation and systems). * Compile reports for review by management for governance, compliance, operational performance and decision-making purposes.