Discoverys core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with ours. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As a global thought leader, Discovery is passionate about innovating and creating meaningful change within our society.
About Discovery Bank
Discovery Bank is a bank like no other a shared-value bank, designed with our clients in mind. Were all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If youre adaptable, a problemsolver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment thats safe and nurturing.
Job Purpose
The Exchange Control Department is responsible for the oversight, development and maintenance of the Reporting System to the Financial Surveillance Department of the South African Reserve Bank (SARB) and is the custodian of all banking matters related to Exchange Controls including the monitoring of Exchange Controls.
Areas of responsibility may include but not limited to
- Assist the development teams of new products (e.g Forex) to ensure that the product complies with the Currency and Exchanges Manual for Authorised Dealers and that
- related transactions can be reported via the FinSurv Reporting as per the SARB requirements.
- Add value to deliverables with excellent problem solving, idea generation and strategic thinking. Work closely with the wider Development team, Finance, Product
- Coordinate development with System Architects to optimize the best solution for the bank and group.
- Reporting of Excon Transactions to the SARB
- Assist with SARB Queries and investigations
- Provide technical expertise and advise to both internal employees and also to clients. This includes training the Servicing and Payments teams in the Bank and educating clients on Exchange Control best practice
- Resourceful and tenacious.
- Self-motivated.
- Focused on driving results.
- Detail-oriented.
- Organised and process oriented; ability to multi-task and manage time effectively.
- Ability to convey complex data in a concise understandable manner and distil the key messages.
- Strong problem-solving skills.
- Ability to work effectively across varying levels of Management and multi-disciplinary teams.
- Good and clear written style.
- Strong verbal and written reporting skills.
- Quantitative/qualitative analytical skills.
- B.Com Accounting (Essential)
- Exchange Control experience in the South African market (preferable)
- At least 3 years of experience in relevant field.
- Minimum 1 years Retail banking experience.
- Skilled in Microsoft products, particularly PowerPoint, Word, and Excel.
- Must have sufficient Exchange Control knowledge including the contents of the Currency and Exchange Manual for Authorised Dealers.
- Must have sufficient knowledge of the
- FinSurv Reporting System and reporting rules.
- FinSurv Reporting System validation rules.
- Must have sufficient knowledge of the BoP categories, BopCus and BopCard and how to apply the categories to transactions.
The Companys approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
