Foreign Exchange Compliance Officer - Sandton Verfied

Salary Negotiable Sandton, Gauteng Sandton, Gauteng more than 14 days ago 02-08-2019 2:01:58 PM
27-09-2019 2:01:58 PM
• Forming and performing an efficient and effective Regulatory Risk & Compliance function which contributes to Forex World’s growth and strategy realization.
• Developing and integrating a risk based approach across all services (including customer and branch profiles)
• Implementing a risk-based monitoring program to monitor and manage regulatory requirements over the short, medium and long-term (RMCP)
• Defining and rating Forex World's regulatory risk universe and map
• Conducting monitoring according to the monitoring program which must include Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements
• Ensure compliance with the FIC Act and all other relevant legislation
• Monitoring to ensure that there is continuous compliance with the Exchange Control Rulings
• Correct and timely reporting per Regulatory requirements
• Reports to be filed as per Sections 28, 28A, 29 (STR & SAR) & 32 the FIC Act
• Developing and maintaining relationships with the Regulator and industry bodies
• Monitoring the regulatory environment to identify new applicable regulatory requirements and amendments to existing requirements
• Advising and consulting with business on regulatory developments and on the regulatory implications of non-compliance
• Ensuring that the Internal Rules document is kept up to date and is a “live” ongoing document
• Providing ongoing employee training and assessment to ensure compliance with Internal Rules
• Promoting and maintaining a compliance culture within Forex World through awareness campaigns and training programs
• Well versed in AML, CFT, Fraud Prevention and Exchange Control regulations and rulings
• Regulations are followed by all employees as set out in the Internal Rules document
• Proper recordkeeping as mandated by local regulations and contractual undertakings
• Effectiveness of the Internal rules is monitored, employees are trained and tested on a regular basis
• All employee transactions are monitored
• Ability to integrate information with processes
• Communication skills (verbal, written, numeric)
• Accountable
• Professional
• Trustworthy
• A relevant degree or NQF5 qualification
• A minimum of 5 years’ experience in Foreign Exchange Operations
• Certification in South African AML and FICA requirements

Recruiter: MoneyGroup