Associate Investigator at South African Reserve Bank

Full Job Description

The main purpose of this position is to investigate, under limited supervision of a more senior investigator, alleged contraventions of the provisions of the Exchange Control Regulations (Regulations), recoup capital exported from South Africa – in contravention of the Regulations and/or 419 fraud schemes – and enforce anti-money laundering legislation onto Authorised Dealers in foreign exchange with limited authority.

Detailed Description

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

• Investigate, with limited supervision, basic, intermediate and complex matters involving alleged contraventions of the provisions of the Regulations, 419 fraud schemes and anti-money laundering enforcement investigations.
• Recoup/recover/regularise all capital lost as a result of alleged contraventions of the Regulations, and/or administer the collection, preservation and distribution of money and/or goods seized in terms of the provisions of the Regulations.
• Administer the collection, preservation and distribution of money and/or goods seized through investigating alleged contraventions of the Regulations.
• Conduct and/or facilitate research relevant to investigations and/or requests for information from internal and external stakeholders, submit reports on findings and make recommendations to a signing officer/manager.
• Assist, under supervision, legal practitioners with litigation.
• Engage internal and external stakeholders by providing clear and timely assistance and support, listening to and accommodating stakeholder needs.
• Stay current with developments, policies, procedures and legislation as well as apply any relevant changes to one’s work.
• Record all relevant information and correspondence regarding allocated investigations and provide investigative administrative support when required.

Job Requirements

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

•  Bachelor’s degree in Law, Commerce, Forensics (in the accounting or financial fields) or an equivalent NQF 7 qualification;
• two to five years’ experience in administrative, financial or related forensic investigations in the banking, financial and/or law enforcement environment; and
• knowledge of, and experience in, the Currency and Exchanges Act 9 of 1933, Exchange Control Regulations, Currency and Exchanges Manuals and other relevant legislation.

Additional requirements include:

• Ability to build and manage relationships;
• Resilience;
• Flexibility;
• Sound verbal and written communication skills;
• Investigating and report-writing knowledge and skill;
• Analysis and problem-solving skills;
• Sound judgement and decision-making skills;
• Planning and organising skills;
• Proficiency in Microsoft (MS) Office packages (e.g. MS Excel, Word, PowerPoint);
• Ability to work under pressure; and
• A valid driver’s licence to allow traveling from time to time to perform duties away from the Head Office.