Brief description:
The main purpose of this position is to lead and provide strategic direction to the Financial Surveillance Department (FinSurv) of the South African Reserve Bank (SARB) in the administration of exchange controls in South Africa and its mandate to investigate alleged contraventions of the Exchange Control Regulations (Regulations) and to, where appropriate, take administrative action against alleged perpetrators.
Detailed description
The successful candidate will, among other duties, be responsible for the following key performance areas:
- Lead and drive the formulation and implementation of the FinSurv strategy and align it to the SARB's strategic focus areas.
- Drive the execution of business transformation programmes, including the 1FinSurv Programme, a multi-year, technology-enhanced transformational initiative aimed at enabling FinSurv to efficiently execute its mandate.
- Lead and drive the implementation of the capital flow management framework and related reforms aimed at enhancing the surveillance of cross-border capital flows.
- Implement regulatory initiatives and frameworks that would address domestic, regional and international regulatory requirements related to the combating of money laundering, the financing of terrorism and proliferation financing.
- Coordinate FinSurv’s contributions to the SARB’s research agenda and inputs into internal publications.
- Establish and maintain the strategic relationships with external stakeholders, among others Authorised Dealers (ADs), the Financial Intelligence Centre (FIC), South African Revenue Service (SARS), National Treasury, Common Monetary Area (CMA) member countries, other regulators and law enforcement agencies.
- Manage the finances and non-financial aspects of FinSurv’s work effectively, based on sound corporate governance, risk management and internal control principles.
- Create a performance culture in the department, manage the performance of direct reports, and promote and support career management and development within the department.
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