Requirements
A Grade 12 is required coupled with a minimum National Diploma (equivalent to NQF level 6) or bachelor’s degree (equivalent to NQF level 7) in Economics or Finance or Statistics or Investment Management or Mathematical Sciences with exposure to money, banking and capital markets. A minimum of 4 years’ experience of which 2 years should be on an Assistant Director or equivalent level obtained in financial markets, with fixed income trading or research experience an added advantage. Knowledge and experience in quantitative research methodologies. Knowledge and experience in market analysis related to information for utilisation in the broader business. Knowledge and experience in dealing with various foreign interest rate markets and currencies. Experience in qualitative and quantitative analysis of domestic and foreign capital markets.
Duties
Stakeholder Engagement: Finance borrowing requirement in domestic and international capital markets: Provide accurate inputs required to formulate funding strategy, budget review and medium-term budget. Undertake quantitative and qualitative analysis on debt management issues and advise/inform the issuances of government securities in the domestic and international capital markets. Provide support during the weekly bond auctions, follow up, report on problems arising from the auctions, and provide inputs into the compilation of auction reports. Keep up to date with the funding requirements and liaise with relevant stakeholders. Perform analysis of Treasury bills, bond auctions, and secondary market performance, and provide recommendations to optimises issuance strategy. Perform market, quantitative and yield curve analysis for bond auction announcements and recommend bonds to be issued. Oversee issuance planning and recommend strategies for enhancing liquidity across the yield curve, including Treasury bills and floating- rate instruments. Lead the structuring and execution of complex debt instruments including ESG bonds, Sukuk (Ijara, Wakala, hybrid), infrastructure bonds, and other innovative products, Direct analysis and recommendations on derivative instruments such as cross-currency swaps, interest rate swaps, and repo facilities to optimises the sovereign’s debt profile and cash management. Stakeholder engagement: Develop and implement tools that will maintain and broaden the investor base. Act as lead liaison with key market participants including primary dealers, institutional investors, MDBs, rating 86 agencies, IMF, World Bank, and SARB. Present and defend complex funding and market development strategies to internal governance committees, Cabinet, and external stakeholders with technical rigor. Develop and implement investor websites to improve stakeholder engagement. Engage domestic and foreign investor stakeholders, through roadshows and other mediums. Build strong networks with local and global DCM players to anticipate shifts in investor appetite, regulatory frameworks, and funding opportunities. Disclose listing requirements in domestic and offshore bond issuance: Initiate the annual filing process of the 18K form with foreign stakeholders like the U.S. Security Exchange Commission and Japan. Adhere to disclosure and listing requirements associated with domestic and offshore bond issuance. Engage stakeholders on general information in the sourcing and exchange of processing. Verify information for correctness and ensure their accuracy. Management of domestic and foreign currency debt: Monitor the debt portfolio and implement strategies to reduce the re-financing risk and cost, Initiate frequent market and portfolio analysis of qualitative and quantitative domestic and foreign currency debt information. Monitor domestic and international economic events and their impact on the South African economy and the debt portfolio. Analyse and advise on prudent debt management policies and recommend corrective debt strategies for implementation. Perform research on markets volatility and conduct general market research: Initiate research on capital markets pertaining to market volatility in the prudent management of debt. Lead applied research on advanced capital market structures, ESG integration, and global best practices in sovereign funding, Produce high- quality, policy-relevant papers and technical reports to support decision-making at senior government level. Perform research on local and international markets to stay abreast of developments which may have an impact on debt management issues. Analyse and provide inputs to briefing notes and speeches. Market Development & Ecosystem Building: Lead initiatives to develop and operationalise the Bond CCP, ETP, and other market infrastructure, ensuring alignment with international best practice. Drive strategies to deepen domestic and foreign investor participation, including retail savings initiatives and engagement with pension funds, banks, and asset managers. Provide strategic inputs into South Africa’s role in regional and continental debt market development initiatives.
Salary
R1 059 105 per annum, (all-inclusive)
Apply before 24 November 2025
How to Apply: