About the Opportunity The South African Reserve Bank (SARB) is inviting applications for the position of Junior Insurance Analyst – BISD in Pretoria. The successful candidate will support senior analysts in carrying out insurance sector supervisory and regulatory responsibilities. The role provides an opportunity to contribute to the supervision of insurers and insurance groups while developing practical experience in insurance regulation, financial risk assessment, corporate governance and prudential supervision. The successful candidate will work with a portfolio of insurers or insurance groups and assist in assessing financial and non-financial information, identifying risks and recommending appropriate mitigating actions. Key Responsibilities Working under the guidance and support of a senior analyst, the successful candidate will be responsible for: Processing notifications and applications of a financial and non-financial nature. Making recommendations for the approval or decline of applications in accordance with the Insurance Act 18 of 2017. Preparing and implementing supervisory plans for allocated insurers and insurance groups. Supervising insurers and insurance groups within the allocated portfolio. Using a combination of on-site and off-site supervisory tools to assess insurers. Reviewing quantitative and qualitative information to identify and assess potential risks. Proposing appropriate actions to mitigate identified risks. Preparing for and attending on-site visits. Participating in engagements under the guidance of a senior analyst or manager. Maintaining databases and accurate records containing relevant information on insurers and insurance groups. Liaising with internal and external stakeholders. Providing appropriate feedback to stakeholders following consultation with the relevant manager. Supporting the effective supervision and regulation of the insurance sector. Minimum Qualifications and Experience To be considered for this position, candidates must have: A postgraduate qualification at NQF Level 8 in one of the following fields: Finance Accounting Insurance Actuarial Science Risk Management At least two years of experience in: The insurance sector, or Insurance-related work within the broader finance sector, or A risk management environment. Key Skills and Attributes The ideal candidate should have: Strong problem-solving skills. Excellent analytical abilities. Good teamwork and collaboration skills. Strong financial and business acumen. Excellent attention to detail. Strong verbal and written communication skills. Effective time management skills. The ability to maintain confidentiality. Strong relationship-building and stakeholder management skills. Job-Related Knowledge Applicants should have knowledge and understanding of: The financial sector, particularly the insurance industry. Corporate governance practices. Risk management practices and standards. IAIS principles. Insurance standards. Relevant insurance and financial sector legislation. About the South African Reserve Bank The South African Reserve Bank (SARB) is South Africa's central bank. Its primary constitutional objective is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The SARB performs its functions independently and without fear, favour or prejudice. Its areas of responsibility include: Monetary Policy Financial Stability Prudential Regulation Financial Markets Financial Surveillance Payments and Settlements Economic and Financial Statistics Research Banknotes and Coin The Prudential Authority within the SARB regulates financial institutions and market infrastructures to promote and enhance their safety and soundness and support financial stability. This role provides an opportunity to work within an organisation that plays an important role in maintaining South Africa's financial and economic stability. Employment Equity In line with the SARB's commitment to diversifying its workforce, preference will be given to suitably qualified candidates from designated groups. People with disabilities are encouraged to apply. Remuneration and Benefits The SARB offers remuneration and benefits that are commensurate with the level of the position and aligned with market standards. The level at which the successful candidate is appointed will depend on their competence and experience. How to Apply Interested and suitably qualified candidates should apply through the official South African Reserve Bank careers portal before the closing date. Applicants should ensure that their qualifications, professional experience and supporting information are accurately reflected in their application. Closing Date: 14 August 2026 at 23:55 Important: This position requires a postgraduate qualification at NQF Level 8 and at least two years of relevant experience in insurance, finance-related insurance work or a risk management environment.