MANAGER: EXCHANGE CONTROL COMPLIANCE – Bank Windhoek

Manager: Exchange Control Compliance( MT2) -Risk Management
EE position: Yes

Introduction
Responsible for the overall Management and Control of the Exchange Control Compliance Unit for Bank Windhoek

Job description
1. RISK MANAGEMENT AND COMPLIANCE

· Ensure commercially sound exchange control compliance guidance in a professional and helpful manner, always considering the potential alternatives within the rules and regulations applicable, endeavoring to find solutions to ensure compliance as well as the continuation of business.
· Ensure adherence to all local and international Regulatory requirements including BON Determinations, AML, FATCA and Exchange control requirements
· Identify and refer or report potential risks (Excon, AML & FIA, counterparty, operational in accordance with Policies, guidelines and tolerance levels) to ensure minimum possible risk to the Bank
· Keep abreast of all changes and enhancements within the EXCON environment by e.g. reading media reports, studying amendments to Currency & Exchanges Manual, attending to internal Excon committee meetings, attending to circulars received from BoN and the communication of information to all relevant parties.
· Perform ad hoc audits to ensure that Excon Currency & Exchanges Manual and Regulations and the Bank Windhoek’s Policies and Procedures are being adhered to by drawing (selecting) a sample of transactions processed and checking these for accuracy, validity and completeness
· Responsible for addressing and correcting all internal Audit and BoN assessment findings raised against the excon compliance unit within given deadlines.

2. PROCESSES, SYSTEMS AND FUNCTIONAL

· Continuously look for ways to improve and develop systems and methods to ensure operational excellence and manageable risk.
· Provide support to branches and other internal stakeholders with queries and unique needs.
· Follow industry developments and regulatory requirements to ensure compliance
· Represent the Bank on related Industry Committees and platforms
· Keep staff informed of new trends in the industry and Excon implications
· Assist Department Head with subject related projects

3. STAKEHOLDER ENGAGEMENT AND SERVICE DELIVERY

· Liaison with the Bank of Namibia , Excon Department on behalf of Bank Windhoek.
· Provide specialist Excon advice and assistance to Branches, Sales Advisors and Relationship Executives by providing technical specialist input from an Excon perspective or accompany Bank Windhoek/ Capricorn Group staff on client visits.
· Provide specialist Excon advice and assistance to branches, customers, intermediaries and Head Office Divisions to ensure Compliance with the Excon Currency & Exchanges Manual.
· Build relationships with the relative Treasury and International Operations staff to develop a credible network and transfer the required skills and specialist knowledge them on an ongoing basis.
· Attend relevant bi-monthly BoN Excon committee meetings
· Attend AD meetings with EXCON officials at the BoN accompanied by the Manager International Operations.
· Building relationships and regular interaction with Excon representatives of other local Banks in order to develop a credible and relevant network to ensure we stay abreast with relevant market challenges and opportunities.
· Ensure that all staff is updated with EXCON changes and enhancements and ensure that all relevant BON information and directives are recorded and circulated to staff.

4. PEOPLE MANAGEMENT
· Oversee the implementation and management of people process management processes within the excon compliance unit.
· Ensure compliance with all Human Resources policies within the excon compliance unit;
· Conduct performance discussions within the excon compliance unit and implement interventions to address performance gaps.

5. COMPETENCIES:
· Sound knowledge of international bank products.
· Sound knowledge of retail banking products.
· Sound knowledge of the Currency and Exchange Manual
· Logic thinking /reasoning
· Leadership and management skills

1. MINIMUM QUALIFICATIONS

· Relevant Degree in Business Commerce or Law

2. EXPERIENCE/ KNOWLEDGE AND SKILLS

· At least 5 – 7 years banking experience of which a minimum of 4 years being in a management capacity
· Excon experience with direct interaction with the BoN
· Detailed experience with Cross Border Foreign Exchange Reporting System (Balance of Payments) and good knowledge of reporting requirements.
· In-depth knowledge of BoN Excon Regulations and Currency & Exchanges Operational Manual
· Knowledge and understanding of the FIA, FATCA, FATF & Regional Customs Processes
· Knowledge and understanding of the Bank’s products, systems and procedures