Purpose Statement
- To Establish and grow the Capitec Forex Middle Office through:
- Developing, establishing and executing frameworks against the Capitec Forex Middle Office mandate and risk framework.
- Representing Capitec Bank in various forums where new regulations and reforms are debated by the market.
- Influencing Capitec Banks risk management strategy and policies, in so far as Forex is concerned.
- Developing policies and procedures for Capitec Bank to enable the Bank to grow responsibly in the Forex Market.
- Growing and managing the Middle Office teams in line with operational and regulatory requirements in line with the vision of the Bank.
- At least 5-7 years ForexMiddle Office experience
- Exposure to liaising at a senior management level
IDEAL:
- 7+ Years ForexMiddle Office Risk Management experience (with experience obtained from preferably one of the large traditional banks in South Africa).
- 7+ Years management experience with exposure to liaising at a senior management level
- Leadership experience
- Honours Degree in Accounting - Financial Accounting or Risk and Compliance
- Post Graduate Diploma in Accounting - Financial Accounting or Risk and Compliance
- Good understanding and knowledge of accounting principles, current Basel principles and current regulations to the Banks Act.
- SARB (Prudential Authority) Requirements (Supervision and Regulation)
- FSCA and Market Conduct Standards 1, 2 and 3
- Assets and Liquidity management
- Enabling Technologies, tools and models required in this field
- IFRS Accounting
- Financial Systems & procedures
- Analytical and financial modelling methods and practices
IDEAL:
- The Basel III Standardised Approach, including knowledge of future developments of Basel rules and guidance
- Banks Act Regulation 43 reporting requirements including Capital Adequacy Ratio, Liquidity Coverage Ratio and Net Stable Funding Ratio requirements
- Basel III rules relating to risk weighting of exposures applicable to banks operating under both the secured and unsecured loan industry
- Banks Act requirements
- Operating with Intermediaries and managing third party risk
Skills
- Analytical Skills
- Decision making skills
- Interpersonal & Relationship management Skills
- Management skills
- Communications Skills
- Clear criminal and credit record
