Specialist: Exchange Control Compliance (6912) at Komatsu Mining

QUALIFICATIONS:

• B.Com Degree/ Diploma  
• Compliance Institute of South Africa (CISA) Certificate (not essential)

EXPERIENCE:

• 5 years banking experience 
• Understanding of the application of the Rules as set out in the Currency & Exchange Manual for authorised Dealers 
• Experience using multiple large databases of information and using advanced Excel 
• SAP experience
• SARB balance of payment reporting system (BoP)
• Conceptual & diagnostic ability

SUMMARY OF JOB ROLE:

• Stay Abreast of the South African Reserve Bank requirement of the “letter of Import undertaking dispensation”
• Stays abreast with both internal and SA Reserve Bank audit policies, procedures, and requirements
• Implements actions resulting from audits
• Stays abreast with conditions outlined in section B.1(H) of the Currency and Exchanges Manual for Authorised Dealers
• Maintains a best practice records system as stipulated by the SARB rules (both physical & electronic)
• Participates in projects to enhance, automate, and ensure integrity of the KAfH exchange control business process
• Executes the monitoring of compliance with legislation, Imports undertaking, rules, and financial policies for Foreign Currencies & Exchanges
• Checks all reporting to the SA Reserve Bank for compliance to rules & standards
• Follows up on identified risks, trends, non-compliance & corrective actions to be taken by relevant stakeholders
• Escalates non-compliance issues for resolution