Vetting Officer: Foreign Exchange Operations needed at Capitec Bank

Purpose Statement

• To examine and check all requests for Foreign Exchange Payments for correctness and conformity to Exchange Control Regulations and rulings.

Experience

Minimum:

• 3-4 yrs Foreign Exchange experience with exposure to Exchange Control Rulings 
• Client service standards and practices
• Exchange Control rulings, foreign exchange, Foreign Exchange settlements, SWIFT standards, cut-off times,

Qualifications (Minimum)

• Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

• A relevant tertiary qualification

Knowledge

Minimum:

• Knowledge of payment documentation such as, Invoices, transport documentation and customs documentation. 
• Understand accounting and reconciliation concepts (understand entries and be able to do account reconciliations.
• The SARB Import Verification System (IVS) system and understand the requirements in respect of Unique Consignment Reference (UCR) and Movement Reference number (MRN) references.
• Understanding of Balance of payments to establish appropriate BoP categories

Ideal:

• Knowledge of Capitec AML, FIC and suspicious transaction monitoring and reporting policies. 
• Relevant knowledge of International Foreign Exchange, payment and clearing systems,
• Knowledge of operational risk concepts and principles

Skills

• Analytical Skills
• Attention to Detail
• Communications Skills
• Interpersonal & Relationship management Skills
• Administration Skills