Work-Force
Foreign Exchange Operations Vetting Officer position available.
Foreign Exchange Payments Specialist
At Capitec, we are committed to maintaining the highest standards of accuracy and compliance in all our financial operations. We are seeking a Foreign Exchange Payments Specialist to ensure all requests for foreign exchange payments are processed correctly and in accordance with Exchange Control Regulations.
Who We Are
Capitec is a forward-thinking financial institution dedicated to providing exceptional services and ensuring compliance with regulatory standards. Join our team and contribute to our mission of maintaining integrity and precision in all financial transactions.
Why Capitec?
Be a part of a dynamic team where your expertise in foreign exchange and compliance will make a significant impact. We offer opportunities for professional growth, a collaborative work environment, and the chance to contribute to our commitment to excellence in financial operations.
About the Role
As a Foreign Exchange Payments Specialist, you will be responsible for examining and verifying all requests for foreign exchange payments to ensure they meet regulatory requirements and conform to Exchange Control regulations.
Key Responsibilities
- Compliance Verification: Examine all foreign exchange payment requests for correctness and adherence to Exchange Control Regulations.
- Documentation Review: Verify payment documentation, including invoices, transport, and customs documentation.
- System Knowledge: Utilize the SARB Import Verification System (IVS) and understand requirements related to Unique Consignment Reference (UCR) and Movement Reference Number (MRN).
- Balance of Payments: Understand and apply Balance of Payments categories to transactions.
- Client Service: Maintain high client service standards and practices.
- Regulatory Adherence: Ensure compliance with Exchange Control rulings, SWIFT standards, and cut-off times.
Experience & Qualifications
- Minimum Experience:
- 3-4 years of experience in foreign exchange with exposure to Exchange Control rulings.
- Experience with client service standards, foreign exchange settlements, and relevant payment documentation.
- Education:
- Minimum: Grade 12 National Certificate/Vocational.
- Ideal: A relevant tertiary qualification in finance, accounting, or a related field.
Knowledge & Skills
- Minimum Knowledge:
- Understanding of payment documentation and reconciliation concepts.
- Familiarity with the SARB Import Verification System (IVS) and Balance of Payments categories.
- Ideal Knowledge:
- Knowledge of Capitec’s AML, FIC, and suspicious transaction monitoring and reporting policies.
- Relevant knowledge of international foreign exchange systems and operational risk principles.
- Skills:
- Analytical skills and attention to detail.
- Strong communication, interpersonal, and relationship management skills.
- Proficient in administration tasks and maintaining accurate records.
Additional Information
- Clear criminal and credit record required.
- Willing and able to work shifts, including weekends.