(674) Manager - ADLA Supervision at South African Reserve Bank

Detailed description

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

• Provide strategic and leadership direction to the division.
• Manage the performance of team members.
• Manage and mitigate risk in line with South African Reserve Bank policy.
• Manage the process of appointing Authorised Dealers and ADLAs.
• Ensure compliance with the Exchange Control Regulations and Currency and Exchanges Manual for ADLAs.
• Manage the implementation of and adherence to relevant policies, processes, procedures and systems.
• Draft suggestions for refining policies, processes and systems and improving alignment with related function/division processes and systems.
• Facilitate decisions on complex applications within the exchange control policy environment.
• Manage the implementation of FIC Act requirements.
• Produce and manage the yearly inspection programme.
• Develop and maintain worksheets and process manuals for conducting inspections.
• Manage the entire inspection process, ensuring adequate preparation, the completion of related administration, team leadership and effective reporting.
• Lead a team responsible for conducting inspections of ADLAs with regard to the provisions of the Exchange Control Regulations as well as the AML and combating the financing of terrorism (CFT) measures set out in the FIC Act.
• Conclude inspections of ADLAs by producing inspection reports to the management of the ADLAs, producing appropriate directives to address the identified weaknesses.
• Provide information to management on the progress of inspections and their findings.
• Advise and provide support to internal and external clients and stakeholders and sustain working relationships.
• Facilitate collaboration with other divisions, including external stakeholders and functions impacting work.
• Serve on various committees and ad hoc working groups when required.
• Perform ad hoc duties and participate in special projects when required.
• Provide input on the review and update of various internal and external documents and surveys.
• Manage the efficiency and quality of the division's deliverables.

Qualifications

To be considered for this position, candidates must be in possession of:

• an Honours degree in Law, Economics, Accounting, Auditing, Finance or an equivalent NQF8 qualification;
• at least 10 years’ experience in the exchange control/banking/AML or another relevant regulatory environment; and
• two years’ experience in team management.

Additional requirements include:

• knowledge and experience in:
• the Exchange Control Regulations and South African exchange control system; 
• risk management practices and standards;
• inspections-related project management experience; 
• a technical understanding of the AML/CFT obligations set out in the Financial Intelligence Centre Amendment Act 1 of 2017; 
• research skills;
• demonstrated analytical skills; 
• the ability to organise and understand complex material;
• problem-solving skills;
• the ability to work under pressure and in a team environment;
• the ability to lead and manage change;
• teamwork skills;
• the ability to develop and grow others;
• the ability to build and maintain relationships;
• a drive for results;
• impact and influence;
• effective verbal and written communication (including presentation and report writing) skills; and
• competence in Microsoft Word, Excel and PowerPoint.