Location Sandton, Gauteng
Position Title Compliance Officer – Bureau de Change
Reporting to Chief Executive Officer

Purpose of the job The Compliance Officer is responsible for developing, implementing and enforcing the policies and procedures designed to minimize potential regulatory risks (including money laundering risks)

Key Job Functions • 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

Key Performance
Indicators • 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

Key Qualities • Ability to integrate information with processes
• Communication skills (verbal, written, numeric)
• Accountable
• Professional
• Trustworthy

Experience Required • A relevant degree or NQF5 qualification
• A minimum of 5 years’ experience in Foreign Exchange Operations
• Certification in South African AML and FICA requirements
Remuneration As agreed in Offer of Employment