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Administrator (Regulatory Forex) at Capitec Bank

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Administrator: Regulatory Forex – Capitec Bank

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 salary
  • EE Position: No
  • Closing Date: To be confirmed

Introduction

Capitec Bank, one of South Africa’s leading financial institutions, is looking for a Regulatory Forex Administrator to join its dynamic Forex Department. This role is integral in ensuring regulatory compliance and mitigating risks associated with foreign exchange operations. The ideal candidate will work closely with the Regulatory Specialist: Forex to oversee compliance processes and maintain Capitec’s commitment to efficient and risk-free financial transactions.

This is an excellent opportunity for individuals passionate about compliance, regulatory oversight, and financial risk management in a Forex environment.

Job Description

The Administrator: Regulatory Forex will be responsible for ensuring compliance with local and international foreign exchange regulations and managing risk within Capitec’s Forex Department. This includes oversight of the Treasury Outsourcing Companies (TOC) model, risk mitigation strategies, and handling regulatory documentation.

Key Responsibilities:

  • Regulatory Oversight & Risk Mitigation:
    • Conduct compliance checks on Treasury Outsourcing Companies (TOC) to ensure adherence to financial regulations.
    • Assist the Regulatory Specialist: Forex in identifying, assessing, and mitigating risks.
    • Support anti-money laundering (AML) and combating the financing of terrorism (CFT) compliance efforts.
  • Legislative Compliance:
    • Ensure adherence to key financial acts, including:
      • Financial Advisory and Intermediary Services Act (FAIS)
      • Financial Intelligence Centre Act (FIC Act)
      • Financial Markets Act (FMA)
    • Maintain an up-to-date understanding of Customer Due Diligence (CDD) requirements.
  • Administrative & Reporting Functions:
    • Handle risk-related queries and ensure timely responses.
    • Perform document control and compliance reporting.
    • Assist in project coordination related to Forex compliance.
    • Ensure that regulatory risk management processes are followed accurately.

Ideal Candidate

The ideal candidate should have a strong understanding of compliance and risk management in the financial services sector. A background in Forex, banking, or auditing will be highly advantageous.

Minimum Requirements:

  • Education & Qualifications:
    • Grade 12 National Certificate/Vocational (Matric).
    • Tertiary qualification in Risk and Compliance, Law, or Financial Services (Preferred).
    • Compliance practitioner accreditation (Advantageous).
  • Experience:
    • 1 – 2 years experience in compliance review, regulatory auditing, or risk oversight in the financial sector.
    • Experience in Forex or Treasury operations (Preferred).
    • Prior exposure to project coordination and financial regulations.
  • Technical Knowledge & Skills:
    • Strong knowledge of South African and international financial regulations.
    • Proficiency in MS Word, MS Excel, and MS Outlook.
    • Understanding of AML, CFT, and risk mitigation principles.
    • Familiarity with regulatory reporting requirements.

Role Responsibilities

As a Regulatory Forex Administrator, your primary responsibility is to ensure compliance with regulatory frameworks, minimize risk, and maintain accurate reporting.

1. Forex Compliance & Risk Management

  • Ensure Treasury Outsourcing Companies (TOC) adhere to Capitec’s compliance frameworks.
  • Support Capitec’s Risk & Compliance teams in identifying regulatory gaps and implementing corrective measures.
  • Keep updated with Forex-related financial legislation.
  • Monitor financial transactions to prevent fraud and irregularities.

2. Documentation & Reporting

  • Prepare and submit regulatory reports to relevant authorities.
  • Maintain accurate records of risk assessments and compliance audits.
  • Assist in document control and internal compliance reviews.
  • Ensure timely reporting on regulatory developments.

3. Project Coordination & Compliance Audits

  • Work closely with the Regulatory Specialist: Forex to conduct audits and implement risk controls.
  • Support the implementation of compliance projects.
  • Ensure Capitec’s Forex Department meets operational compliance standards.

Skills & Attributes

To excel in this role, candidates should possess the following skills and competencies:

Technical Skills:

  • Strong regulatory knowledge related to Forex, banking, and financial compliance.
  • Ability to conduct risk assessments and compliance reviews.
  • Proficiency in regulatory reporting and data management.
  • Strong analytical skills with attention to detail.

Soft Skills:

  • Excellent communication skills for regulatory correspondence.
  • Strong planning and organizational abilities to handle multiple projects.
  • Ability to work independently and within a team.
  • Problem-solving mindset to address compliance risks effectively.
  • Attention to detail and ability to handle confidential financial data.

Why Join Capitec Bank?

Capitec Bank is one of South Africa’s most trusted financial institutions, offering an innovative, customer-focused banking experience. By joining the Regulatory Forex team, employees gain:

  • A supportive work environment with growth opportunities.
  • Exposure to high-level compliance frameworks within the banking sector.
  • Career development and learning opportunities.
  • A market-competitive remuneration package.
  • The chance to contribute to Capitec’s mission of responsible banking.

How to Apply

Interested candidates should apply online via Capitec Bank’s official careers portal. Ensure that you have all the required supporting documents before submission.

Required Documents for Application:

  • Updated CV (Resume)
  • Certified copies of qualifications
  • Proof of compliance practitioner accreditation (if applicable)
  • Relevant risk management or Forex certifications

Application Process:

  1. Visit the Capitec Bank Careers Portal.
  2. Search for ‘Administrator: Regulatory Forex’ in Sandton, Gauteng.
  3. Complete the online application form and attach supporting documents.
  4. Submit your application before the deadline.

Final Thoughts

This is an exciting opportunity for professionals looking to build a career in regulatory risk management within the banking sector. If you have a passion for compliance, Forex operations, and financial regulations, this role at Capitec Bank is perfect for you.

Apply now and take the next step in your compliance career with Capitec Bank!

Click Here to Apply

We wish you all the best with your Applications