The main purpose of this position is to investigate alleged contraventions with the Exchange Control Regulations, recoup capital exported from South Africa – in contravention of the Exchange Control Regulations and/or 419 fraud schemes – and enforce anti-money laundering legislation onto Authorised Dealers in foreign exchange with limited authority.

Detailed description

The successful candidate will be responsible for the following key performance areas:

• Investigate basic, intermediate, and complex matters involving alleged contraventions to the Exchange Control Regulations, 419 fraud schemes and anti-money laundering (AML) enforcement investigations for the approval of the signing officer.
• Support the signing officer/manager on Financial Intelligence Centre Act 38 of 2001 (FICA) inspections and assist other divisions, when required.
• Recoup/recover/regularise all capital lost as a result of alleged contraventions of the Exchange Control Regulations, and/or administer the collection, preservation and distribution of money and/or goods seized through the investigations.
• Conduct and/or facilitate research relevant to investigations and/or requests for information from internal and external stakeholders, submit reports on findings and make recommendations to manager and relevant stakeholders.
• Assist legal practitioners with matters under litigation, including research, compiling reports and making recommendations, when required.
• Engage and assist internal and external stakeholders, by providing advice and training as well as to support the signing officer/manager when representing the division, department or the organisation.
• Stay current with developments, policies, procedures and legislation, propose and implement the refinement and continuous improvement of tools, methods and processes.
• Coach and provide on-the-job training to team members to expand their investigation knowledge and practices.
• Record all relevant information and correspondence regarding allocated investigations.
• Serve on relevant divisional/departmental/Bank project teams based on experience, skill and ability.

Job requirements

• To be considered for this position, candidates must be in possession of:
• A Bachelor’s degree in Law, Commerce, Forensics (in the accounting or financial fields) or an equivalent NQF 7 qualification.
• Five to eight years’ experience in financial or related forensic investigations in the banking, Financial and/or law enforcement environment; and
• Knowledge of, and experience in, the Currency and Exchanges Act 9 of 1933, Exchange Control Regulations, Currency and Exchanges Manuals and other relevant legislation.

Additional requirements include:

• Experience in leading teams (added advantage).
• Ability to build and manage relationships.
• Conceptual thinking skills.
• Verbal and written communication skill.
• Investigating and report-writing knowledge and skills.
• Analysis and problem-solving skills.
• Sound judgement and decision-making skills.
• Planning and organising skills.
• Proficiency in Microsoft (MS) Office packages (e.g. MS Excel, Word, PowerPoint).
• Ability to work under pressure.
• A valid driver’s licence to allow traveling from time to time to perform duties away from the Head Office.