Job Description

• The Officer, Risk Execution is responsible for supporting the Risk Execution Manager in overseeing, assessing, and conducting physical sample testing on key risk, compliance, and regulatory controls within the assigned Area, Region, or Province.
• The role is pivotal in safeguarding the Bank by rigorously testing, evaluating, and continuously strengthening the risk control environment across cash and foreign exchange (forex) operations. It requires a strong technical understanding of Exchange Control (EXCON) regulations, South African Reserve Bank (SARB) cash-handling requirements, and branch-level forex processes—including teller operations, ATMs, bulk cash, forex drafts, traveller’s cheques, and forward contracts.

Qualifications

• Bachelor’s Degree in Banking, Finance, Risk Management, Compliance, Internal Audit, or a related field.
• Formal training or certification in Exchange Control Regulations, SARB compliance, or Forex product knowledge will be advantageous.

Experience Required:

• 5–7 years’ branch banking experience in forex functions, including teller, treasury, and cash operations, with a deep understanding of exchange rates, Exchange Control (EXCON) regulations, and their impact on transactional banking.
• Strong knowledge of retail and commercial foreign exchange products (e.g., foreign currency accounts, bank drafts, traveller’s cheques, forward exchange contracts, international remittances) and the ability to interpret exchange control rulings and SARB circulars practically.
• Proven expertise in managing operational risk within the forex and cash environment, including control testing, compliance monitoring, exception reporting, and remediation of audit and assurance findings.
• Experience driving risk execution frameworks, conducting sample testing of critical controls, and ensuring compliance with regulatory requirements (e.g., KYC, FAIS, PoPI, data privacy) within Personal and Private Banking branch contexts.
• Strong stakeholder engagement and communication skills, with the ability to analyse risk data, provide actionable insights, embed standard operating procedures, and support operational excellence and business continuity.