Specialist: Exchange Control Compliance

Career Opportunities: Specialist: Exchange Control Compliance (6912)

Job Title: Specialist: Exchange Control Compliance

Company: Komatsu South Africa

Division: Head Office

Location: H.O. Finance

Reference Number: 6912

Salaried: C4

INTRODUCTION:

Komatsu South Africa has an opportunity for an Exchange Control Compliance Specialist to join the Finance Department. The successful candidate should have a minimum of 5 years banking experience in exchange control compliance and a BCom Degree with internal audit and compliance as completed modules.

QUALIFICATIONS:

• B.Com Degree/ Diploma  
• Compliance Institute of South Africa (CISA) Certificate (not essential)

EXPERIENCE:

• 5 years banking experience 
• Understanding of the application of the Rules as set out in the Currency & Exchange Manual for authorised Dealers 
• Experience using multiple large databases of information and using advanced Excel 
• SAP experience
• SARB balance of payment reporting system (BoP)
• Conceptual & diagnostic ability

SUMMARY OF JOB ROLE:

• Stay Abreast of the South African Reserve Bank requirement of the “letter of Import undertaking dispensation”
• Stays abreast with both internal and SA Reserve Bank audit policies, procedures, and requirements
• Implements actions resulting from audits
• Stays abreast with conditions outlined in section B.1(H) of the Currency and Exchanges Manual for Authorised Dealers
• Maintains a best practice records system as stipulated by the SARB rules (both physical & electronic)
• Participates in projects to enhance, automate, and ensure integrity of the KAfH exchange control business process
• Executes the monitoring of compliance with legislation, Imports undertaking, rules, and financial policies for Foreign Currencies & Exchanges
• Checks all reporting to the SA Reserve Bank for compliance to rules & standards
• Follows up on identified risks, trends, non-compliance & corrective actions to be taken by relevant stakeholders
• Escalates non-compliance issues for resolution

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Recruitment and selection processes are managed according to Komatsu’s B-BBEE policies

Internal applicants receive preference

Candidates will be expected to pass a relevant medical examination, and agree to verification checks

Only online applications will be considered

Komatsu South Africa (Pty) Ltd complies with the protection of Personal Information Act 4 of 2013. By submitting your application, you give us your express and informed consent to process your personal information for recruitment purposes.

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