(1555) Data Privacy Business Partner - BSTD

Brief description

The main purpose of this position is to facilitate and ensure the implementation of privacy standards within the assigned business clusters and to provide specialist privacy consultancy to those clusters at the South African Reserve Bank (SARB).

Detailed description

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

• Facilitate the implementation of personal information (PI) measures, privacy tools, standards and procedures for the assigned business clusters to ensure the lawful processing of PI.
• Conduct impact assessments on current processes and new projects within the assigned clusters to identify compliance gaps and recommend remedial actions.
• Drive the implementation of remedial actions for both existing processes and new projects in the assigned clusters.
• Identify gaps in privacy training and facilitate relevant training within these clusters.
• Conduct and/or oversee audits of existing and new PI processes, including high-risk third parties, following priorities set by the Data Protection Officer.
• Analyse data and identify patterns for the assigned business clusters, providing insights and recommendations to address compliance gaps.
• Prepare privacy reports for the assigned clusters for departmental management committees on compliance with the Protection of Personal Information Act 4 of 2013 (POPIA).
• Ensure that any PI breaches are logged correctly by the assigned business clusters.
• Conduct preliminary investigations into PI breaches and coordinate or participate in problem identification, root cause analysis and making recommendations to prevent future occurrences.
• Stay current with PI knowledge and skills to maintain professional expertise and relevant accreditations.
• Establish and maintain both internal and external stakeholder relations, ensuring continued compliance with PI conditions.
• Keep abreast of industry developments and best practices, ensuring these are applied within own work.  
• Support the implementation of the third-party risk assessment framework to ensure that third-party contracts meet PI requirements.

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 ination low and steady.

Financial Stability

The SARB has a mandate to protect and enhance nancial stability. We identify and mitigate systemic risks that might disrupt the nancial system.

Prudential Regulation

The Prudential Authority regulates nancial institutions and market infrastructures to promote and enhance their safety and soundness, and support nancial 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 nancial system.

Statistics

The SARB provides important economic and nancial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, nancial stability, banking and emerging trends in nance. 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.