Exchange Control Compliance Officer

Description

• To provide specialist support in the management of exchange control compliance risk on Bank Windhoek as an Authorised Dealer

Duties

• Exchange Control Compliance:
• Ensure commercially sound exchange control compliance guidance
• Facilitate compliance of all cross border In- & Outflows with Exchange Control (Excon) Regulations & BoP reporting requirements
• Preparation and submission of Excon applications in respect of transactions not permissible in terms of current Currency & Exchanges Manual for Authorized Dealers (AD’s)
• Ensure Excon application fees are recovered as per bank tariff structure
• Maintenance of customer Excon Files
• Balance of Payment (BOP) Reporting Compliance:
• Facilitate adherence of BOP reporting within BON required timeframe (SLA / Operations Manual & Technical Specifications)
• Perform spot checks to ensure transactions are correctly reported
• Review BOP Reporting engine
• Regulatory Engagement:
• Maintain a sound relationship with BON Excon & Legal Services Division
• Attend to scheduled BON & Industry meetings if specifically requested by supervisor and/or head of department
• Promptly notify the affected business units of amendments made to Currency & Exchanges Manual and /or Circulars issued by BON Excon & Legal Services Division
• Opening and Administrative Management of OFC & CFC Accounts:
• Open and manage OFC / CFC accounts and ensure signed-off by Manager: Exchange Control Compliance
• Ensure supporting documents are adequate for the purpose submitted
• Refer suspicious transactions identified & relevant documents to the AML Department
• Customer Service:
• Maintains regular and a high standard customer contact to ensure a positive perception and reputation of our Bank’s role as a quality support provider
• Keep abreast with current events, changing trends, business drivers, best practices and legislative requirements within the industry to proactively
• Accurate compilation and preparation of all client related administration documents and ensures that all instructions are correct and carried out as stipulated

Requisites

• Experience/Knowledge & Skills:
• 3 years experience as an Estate Agent or similar role, Financial services industry experience preferred
• Computer skills including good proficiency with Microsoft Office Suite
• Excellent knowledge of Banking Institutions Act
• Exceptional written and verbal communication skills
• Strong relationship building and stakeholder management skills
• Must have a valid Driver's License

Qualification:

• Experience/Knowledge and Skills:
• At least 3 - 5 years banking experience
• Excon experience will be an added advantage
• Knowledge and understanding of the Bank’s products, systems and procedures
• High level of computer literacy and accuracy
• Experience in report writing and interpretation of written material – report writing
• Sound accounting and reconciliation skills (must understand the accounting of treasury products)
• Problem solving skills based on relevant experience (day to day problems)
• Good analytical skills
• Planning, Analytical and Organization skills
• Excellent Customer Service orientation and networking
• Learning and Researching
• Positive attitude towards system and system changes
• Qualifications:
• Bachelor’s degree in Commerce/Law/Audit or equivalent
• Core Competencies:
• Initiative
• Working with people
• Adhering to Values and Principles
• Presenting and Communicating Information
• Applying Expertise and Technology
• Following Instruction and Procesures
• Adapting and Responding to Change
• Coping with pressures and setbacks

Notes

• Only shortlisted applicants will be contacted