Administrator: Regulatory Forex at Capitec Bank

Purpose Statement

• To support the minimization of risk in the Forex Department through:
• Performing ongoing oversight and risk functions required by Forex specific in respect of its Treasury Outsourcing Companies (TOC) model.
• Supporting the Regulatory Specialist: Forex to identify and address situations where Forex is exposed to undue risks.
• Administratively deal with Risk related queries in an effective and professional manner.  

Experience
Minimum:

• 1 - 2 years compliance review / audit experience within a financial services / retail environment

Ideal:

• 1 – 2 in compliance or oversight function would be advantageous 

Previous experience in project coordination
Qualifications (Minimum)

• Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• A relevant tertiary qualification in Risk and Compliance or Law

Knowledge
Minimum:

• Knowledge and understanding of legislation applicable to financial institutions e.g Financial Advisory and Intermediary Services Act (FAIS), FIC Act, Financial Markets Act (FMA) 
• Knowledge and understanding of relevant anti money laundering and combating of terrorist financing legislation and international standards.
• Good knowledge and understanding of CDD requirements
• Office administration processes
• Project coordination principles

Ideal:

• Knowledge of cross border remittances would be advantageous  
• Foreign exchange principles
• Regulatory risk
• Compliance practitioner accreditation
• Regulatory reporting
• Document Control

Skills

• Attention to Detail
• Communications Skills
• Computer Literacy (MS Word, MS Excel, MS Outlook)
• Interpersonal & Relationship management Skills
• Planning, organising and coordination skills