|
|
Job Mission / Objective
To provide company with all its Exchange Control requirements, in order to ensure the efficient provision of the Bank's Exchange Control compliance services to the Bank's clients.
To support the Customers, Branch network and the Bank with all their exchange control requirements and to be the Exchange Control contact point with the SARB
Assist in adhoc Compliance Department requirements.
Figures Affected by the Role (KPIs)
Quantitative
Qualitative
Compliance of Exchange Control requirements per the current Exchange Control Regulations and Rulings
Compliance of the reporting of Cross-Border Flow of BOPCUS, BOPCARD, Non-Resident, and Interbank submission from and end-of-chain reporting
Main Responsibilities
Exchange Control and BOP Reporting
In-depth knowledge of Exchange Control Rulings and Regulations
Ability to confidently and accurately communicate requirements to internal and external parties.
Ability to draft Exchange Control applications
Update and maintain Exchange Control applications
Update and maintain Emigration facilities
Implement Exchange Control diary procedures
In-depth knowledge of Cross Border reporting (BOP, BOPCARD, Non-Resident reporting) – from source to end
In-depth knowledge of foreign exchange procedures to effectively manage Exchange Control requirements.
Good understanding of all regulatory requirements prevalent to banking products, e.g. FIC, Sanctions listing, etc.
Ability to handle conflict with clients.
Attend ad-hoc client/ regulatory meetings
In-depth knowledge of systems: T24, Heywood, Enterprise, etc.
Policies and Procedures for BOP Reporting and Exchange Control administration
Update and maintain the Currency and Exchange Manual
Update and maintain Operations and Business and Technical specifications
Update and maintain training
Undertake both on-site and offsite audits applicable to Exchange Control and BOP compliance
Interact with the GTS sales and operations teams
Assist external auditors
Assists the Manager of Exchange Control with:
Communication of Exchange Control and BOP letters and directives.
Assist with SA Reserve Bank queries/ correspondence as directed by the Head of Legal and Compliance Services.
Policies and Procedures for Exchange Control and Information Flow (BOP)
Other Role Elements
Contacts and Business Relationships
Internal: Head of Treasury, Manager of GTS, Marketing, Branch Managers, BDM`s & RM`s, Manager of Compliance
External: Clients (internal and external), South African Reserve Bank (Financial Surveillance)
Job Requirements
Academic Knowledge: Tertiary degree or studying towards/ almost completed
Work Experience: 10 years banking experience – preferable within the Compliance and foreign exchange environment
Skills / Specialized Know-how: Banking experience with an interest in foreign exchange and specifically regulatory compliance
FAIS (Financial Advisory and Intermediary Services) compliant
Competencies:
Deciding and initiating action
Relating and networking
Presenting and communicating information
Analysing
Learning and researching
Planning and organizing
Delivering results and meeting customer expectations
Coping with pressure and setbacks
Providing guidance to senior management and staff on Excon issues
Achieving personal work goals and objectives
Investigations
Document control and administration
Back up on regulatory reporting to the Manager: Finsurv
Good communication skills both verbal and written
Lateral thinker
Ability to self-manage.Role requires somebody who is FAIS compliant i.e. has written their FAIS regulatory exam (RE5), has exchange control and foreign exchange experience. Person must also come from a banking environment.
To apply immediately for this position click here: www.unique.co.za/candidate_registration_1.aspx?JobID=48928&referrer=Unique
|