Financial Analyst -Finsurv at South African Reserve Bank

Brief description

The main purpose of this position is to process exchange control (excon) applications and monitor compliance with the Currency and Exchanges Manual for Authorised Dealers as well as the Exchange Control Regulations to regulate cross-border transactions and ensure the efficient management of foreign exchange. 

Detailed description

The successful candidate will be responsible for, among other duties, the following key performance areas:

• Analyse, process and finalise applications of varying complexity for approval and deliver work that meets the prescribed time and quality standards.
• Assist in the planning of inspections, actively participate in the inspections process and report on inspections.
• Be responsible for the day-to-day administration, including record-keeping, the compilation of schedules and inspection profiling in support of operational efficiency within the division and own work.
• Analyse and interpret data as well as provide recommendations to the signing officer for reporting purposes.
• Participate in ad hoc projects for compilation of information to inform policy decisions.
• Perform work independently within the established practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in own area of expertise.
• Prepare and deliver solutions that reflect the range of knowledge, methods, practices and/or solutions in own functional discipline.
• Engage with the relevant internal and external stakeholders, displaying an ability to convey and explain information fluently.
• Proactively broaden knowledge of own functional area and stay current with developments (e.g. changes to excon policies, rules and regulations). 

Job requirements 

To be considered for this position, candidates must have:

• a Bachelor’s degree/diploma with Economics, Finance, Statistics, Business Economics, Banking or Accounting as majors or an equivalent NQF 7-level qualification; and
• five to eight years’ experience in the excon or banking environment. 

Additional requirements include:

• risk and compliance assessment knowledge and skills;
• skills in:
• verbal and written communication (including presentation and report writing); 
• analysis and problem-solving;
• judgement and decision-making;
• planning and organising;
• service and stakeholder focus;
• competence in Microsoft (MS) Office packages (e.g. Excel, Word, PowerPoint);
• ability to work under pressure; and
• ability to work in a team.