The Officer, Risk Execution supports the Risk Execution Manager in overseeing, assessing, and conducting physical sample testing on key risk, compliance, and regulatory controls within the assigned Area, Region, or Province. This role safeguards the Bank by rigorously testing, evaluating, and strengthening the risk control environment across cash and foreign exchange (forex) operations. It requires strong technical knowledge of Exchange Control (EXCON) regulations, SARB cash-handling requirements, and branch-level forex processes—including teller operations, ATMs, bulk cash, forex drafts, traveller’s cheques, and forward contracts.

The Role

• Support risk execution by conducting physical sample testing of key controls related to forex and cash operations.

• Assess and evaluate compliance with Exchange Control regulations and SARB requirements.

• Monitor and strengthen the risk control environment within the assigned branch network.

• Manage operational risk, including control testing, compliance monitoring, exception reporting, and audit remediation.

• Interpret exchange control rulings, SARB circulars, and other regulatory requirements to ensure branch adherence.

• Engage stakeholders and communicate risk insights effectively.

• Embed standard operating procedures to promote operational excellence and business continuity.

• Ensure compliance with regulatory frameworks such as KYC, FAIS, PoPI, and data privacy.

Requirements

Qualifications:

• Bachelor’s Degree in Banking, Finance, Risk Management, Compliance, Internal Audit, or related field.

• Formal training or certification in Exchange Control Regulations, SARB compliance, or Forex product knowledge is advantageous.

Experience:

• 5–7 years branch banking experience in forex functions, including teller, treasury, and cash operations.

• Deep understanding of exchange rates, Exchange Control (EXCON) regulations, and their transactional impact.

• Strong knowledge of retail and commercial forex products (foreign currency accounts, bank drafts, traveller’s cheques, forward exchange contracts, international remittances).

• Proven expertise in operational risk management, control testing, and audit remediation within forex and cash environments.

• Experience driving risk execution frameworks and ensuring regulatory compliance in branch banking.

• Excellent stakeholder engagement and communication skills with ability to analyze risk data and provide actionable insights.

Additional Information

Behavioural Competencies:

• Adopting Practical Approaches

• Articulating Information & Providing Insights

• Interpreting Data & Checking Things

• Developing Expertise

• Establishing Rapport

• Managing Tasks

• Producing Output

• Resolving Conflict

Technical Competencies:

• Coaching and Mentoring

• Compliance

• Evaluating Risk Management Effectiveness

• Fraud Detection and Management

• Promote Good Governance, Risk & Control

• Risk Awareness

• Risk Identification