Listing Reference: Capitec Bank Administrator: Regulatory Forex
Listing Status: Open
Position Summary
Company: Capitec Bank Ltd
Industry: Banking & Financial Services
Job Category: Compliance & Regulatory Risk
Location: Sandton, Gauteng, South Africa
Contract Type: Permanent
Remuneration: Market-related
EE Position: No
Closing Date: To be confirmed
Introduction
Administrator (Regulatory Forex) at Capitec Bank Capitec Bank is one of South Africa’s leading financial institutions, continuously innovating to provide efficient and accessible banking solutions. The Administrator: Regulatory Forex position is a crucial role within the bank’s Forex Department, ensuring compliance with regulatory frameworks and mitigating risk exposure. This opportunity is ideal for individuals who are passionate about financial compliance, regulatory oversight, and risk management within the Forex sector.
Job Description
The Administrator: Regulatory Forex is responsible for supporting the minimization of risk in the Forex Department by overseeing compliance functions, particularly in relation to the Treasury Outsourcing Companies (TOC) model. The successful candidate will work closely with the Regulatory Specialist: Forex to identify and mitigate potential risk areas while ensuring adherence to local and international financial regulations. Additionally, this role involves managing administrative tasks related to compliance and risk functions in a professional and efficient manner.
Ideal Candidate
The ideal candidate for this role is a detail-oriented professional with experience in compliance review, auditing, or regulatory oversight within the financial services industry. They should have a keen understanding of financial legislation, risk management principles, and foreign exchange regulations. Strong organizational skills, attention to detail, and the ability to handle regulatory documentation are also key attributes.
Role Responsibilities
- Conduct oversight functions related to the Treasury Outsourcing Companies (TOC) model to ensure compliance with regulatory requirements
- Assist the Regulatory Specialist: Forex in identifying and mitigating risks related to foreign exchange operations
- Handle risk-related administrative queries efficiently and professionally
- Ensure compliance with key financial legislation, including:
- Financial Advisory and Intermediary Services Act (FAIS)
- Financial Intelligence Centre Act (FIC Act)
- Financial Markets Act (FMA)
- Monitor anti-money laundering (AML) and combating the financing of terrorism (CFT) compliance standards
- Maintain an up-to-date understanding of Customer Due Diligence (CDD) requirements
- Perform document control and regulatory reporting functions
- Support project coordination and compliance auditing tasks
- Ensure efficient office administration processes within the Forex Department
Skills & Attributes
- Attention to Detail – Ability to meticulously review compliance documents and identify potential risks
- Strong Communication Skills – Excellent written and verbal communication for regulatory reporting and correspondence
- Computer Literacy – Proficiency in MS Word, MS Excel, and MS Outlook
- Interpersonal & Relationship Management – Ability to collaborate effectively with internal and external stakeholders
- Planning & Organizing – Strong ability to manage time, prioritize tasks, and coordinate projects
Experience & Qualifications
Minimum Requirements:
- 1 – 2 years of compliance review or audit experience within the financial services or retail banking industry
- Grade 12 National Certificate/Vocational (Matric)
- Strong knowledge of financial regulatory frameworks and legislative requirements
Ideal Qualifications & Experience:
- Tertiary qualification in Risk and Compliance or Law (preferred)
- 1 – 2 years experience in a compliance or oversight function within a Forex or Treasury environment
- Previous experience in project coordination
- Knowledge of foreign exchange principles and cross-border remittances
- Compliance practitioner accreditation would be advantageous
Knowledge Requirements
- Strong understanding of financial regulations applicable to banks and Forex operations
- Expertise in AML and CFT standards
- Familiarity with regulatory risk management and document control
- Knowledge of regulatory reporting requirements
- Awareness of foreign exchange regulatory compliance
Conditions of Employment
- Clear criminal record
- Clear credit record
Why Join Capitec Bank?
Capitec Bank is committed to fostering a dynamic and compliant financial environment. By joining the Regulatory Forex team, candidates will have the opportunity to work with industry experts and develop their careers within one of South Africa’s most reputable banks. The bank offers a collaborative work culture, ongoing professional development opportunities, and a chance to play a pivotal role in ensuring regulatory compliance and minimizing risk exposure in the Forex Department.
How to Apply
Interested candidates who meet the minimum requirements are encouraged to submit their applications online through Capitec Bank’s official careers portal. Ensure that you have all supporting documents, including:
- Updated CV/Resume
- Certified copies of qualifications
- Relevant compliance accreditation (if applicable)
- Any additional supporting documents required by the recruitment team
Take advantage of this exciting opportunity to build a career in regulatory risk management within South Africa’s leading retail bank!