Manager - Financial Operations - FINSURV at South African Reserve Bank

Brief description

The main purpose of this position is to plan, direct and manage a Financial Operations unit within the Financial Surveillance Department (FinSurv), ensuring the effective management of foreign exchange through monitoring the compliance with the Exchange Control Regulations and the Currency and Exchanges Manual for Authorised Dealers.

Detailed description

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

• Give strategic and leadership direction to the division.
• Contribute to the compilation of divisional operational plans and take responsibility for the implementation as well as the monitoring thereof.
• Provide input to stakeholders such as National Treasury and the South African Revenue Service (SARS) in terms of policy enhancement and formulation.
• Take responsibility for the planning of work and improvement of workflow for the division.
• Make suggestions for refining South African Reserve Bank (SARB) policies, processes and systems.
• Manage quality, facilitate delivery of the unit-specific outputs, clarify roles and responsibilities, and optimise and manage unit resources.
• Manage the processing and authorisation of applications as well as act as the signing authority within prescribed parameters.
• Manage the risk-based inspection process from end to end to ensure for adequate preparation, the completion of related administration, team leadership during inspections and effective reporting.
• Design and manage the maintenance of a management information system for consistent and accurate reporting of relevant information to senior management.
• Lead stakeholder engagements (internal and external), displaying the ability to solicit information as well as deliver a coherent and convincing message.
• Identify and mitigate risks related to own function and ensure compliance with the relevant governance frameworks.
• Stay current with developments (e.g. changes to exchange control policies, rules and regulations) and provide input to publications and surveys related to own area of expertise.
• Fulfil the line management function pertaining to the development and performance of the team.

QUALIFICATIONS

Job requirements

To be considered for this position, candidates must have:

• an Honours degree in Finance, Statistics, Business Economics, Banking, Accounting or a related field;
• industry, business and organisational knowledge;
• knowledge of, and experience in:
• quality assurance;
• continuous improvement; 
• continued learning/professional development;
• relevant software applications (MS Word, Excel, etc.);
• the application of the Exchange Control Regulations and the Currency and Exchanges Manual for Authorised Dealers;
• relevant policies; and
• the financial and exchange control regulatory environment;
• a minimum of 8–10 years’ job-related experience in either exchange control, banking, financial markets or a relevant regulatory environment; and
• at least two years’ proven experience in managing teams.

Additional requirements include:

• interpersonal sensitivity;
• service and stakeholder focus;
• impact and influence; and
• skills in: 
• leading change;
• establishing focus;
• driving  results;
• promoting team work;
• developing and growing others;
• effective communication; and
• building and maintaining relationships.