Vetting Officer: Foreign Exchange Operations

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Date: 15 Jan 2025

Location: Sandton, GT, ZA

Company: Capitec Bank Ltd

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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

1. To see what life at Capitec is all about and complete a short assessment, please click here!

2.  Once you have completed the above finalize your application by clicking apply below

Purpose Statement

  • To examine and check all requests for Foreign Exchange Payments for correctness and conformity to Exchange Control Regulations and rulings.

Experience

Minimum:

  • 3-4 yrs Foreign Exchange experience with exposure to Exchange Control Rulings 
  • Client service standards and practices
  • Exchange Control rulings, foreign exchange, Foreign Exchange settlements, SWIFT standards, cut-off times,

Qualifications (Minimum)

  • Grade 12 National Certificate / Vocational

Qualifications (Ideal or Preferred)

  • A relevant tertiary qualification

Knowledge

Minimum:

  • Knowledge of payment documentation such as, Invoices, transport documentation and customs documentation. 
  • Understand accounting and reconciliation concepts (understand entries and be able to do account reconciliations.
  • The SARB Import Verification System (IVS) system and understand the requirements in respect of Unique Consignment Reference (UCR) and Movement Reference number (MRN) references.
  • Understanding of Balance of payments to establish appropriate BoP categories

Ideal:

  • Knowledge of Capitec AML, FIC and suspicious transaction monitoring and reporting policies. 
  • Relevant knowledge of International Foreign Exchange, payment and clearing systems,
  • Knowledge of operational risk concepts and principles

Skills

  • Analytical Skills
  • Attention to Detail
  • Communications Skills
  • Interpersonal & Relationship management Skills
  • Administration Skills

Conditions of Employment

  • Clear criminal and credit record
  • Willing and able to work shifts, including weekends

Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.