(1571) Information Technology Internship (Grow-IT specialising in AI) - BST at South African Reserve Bank

Johannesburg, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

16 Jun, 26

Salary

0.0

Posted On

18 Mar, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Artificial Intelligence, Data Engineering, Computer Science, Mathematics, Statistics, Machine Learning, Data Science, Cloud Platforms, Google Cloud, AWS, Microsoft Azure, Python

Industry

Banking

Description

Brief description The South African Reserve Bank (SARB) invites all passionate, innovative and talented applicants to apply for its 2027 Information Technology Internship (Grow-IT). Through this programme, the SARB actively contributes to addressing scarce and critical skills needs. Grow-IT is an internship programme aimed at addressing the current and future skills needs of the SARB’s Business Solutions and Technology Department (BSTD), supporting departmental strategy and workforce planning. This includes capacity and capability building, succession planning and developing future talent within the department. During the programme, learners will gain the necessary technical and behavioural competencies based on their areas of specialisation. Format of the programme Successful applicants will be placed within the information technology (IT) environment to acquire all the required competencies. The duration of the programme is a one-year contract (with an option to extend). 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.

Responsibilities

Interns will be placed within the IT environment to acquire necessary technical and behavioural competencies based on their specialization area, specifically focusing on Artificial Intelligence for this intake. The program aims to build capacity, capability, and support succession planning within the Business Solutions and Technology Department.