In this role, you would 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.
Responsibilities
- 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 the 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 supporting the signing officer/manager when representing the division.
- 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.
- Knowledge of, and experience in, the Currency and Exchanges Act 9 of 1933, Exchange Control Regulations, Currency and Exchanges Manuals and other relevant legislation.
- 5+ years experience in financial or related forensic investigations in the banking, financial and/or law enforcement environment.
- Bachelors degree in Law, Commerce, or Forensics (in the accounting or financial fields) or an equivalent NQF7 qualification
Hire Resolve focuses on working with senior-level executives and we pride ourselves on delivering excellent service to our candidates and clients.
- Salary: negotiable.
- Our client is offering a highly competitive salary for this role based on experience.
- Apply for this role today, visit the Hire Resolve website: hireresolve.us or email us: Financialcareers@hireresolve.za.com
- Alternatively, you are welcome to connect with Shannon Watson, Merina Naicker or Lindy Du Plessis on LinkedIn
