Forex Risk Execution Specialist

Standard Bank Group; Cape Town; On-site; ZAR 650,000 - 950,000; Full time

Job summary

Standard Bank Group in Cape Town seeks an Officer, Risk Execution to support the Risk Execution Manager by overseeing and testing key risk, compliance and regulatory controls within forex and branch cash operations.

You will apply EXCON/SARB knowledge to strengthen the control environment, engage stakeholders, and translate risk data into actionable improvements for regulatory compliance.

Qualifications

• Bachelor's Degree in Banking, Finance, Risk Management, Compliance, Internal Audit, or a related field.
• Formal training or certification in Exchange Control Regulations, SARB compliance, or Forex product knowledge will be advantageous.
• 5–7 years’ branch banking experience in forex functions, including teller, treasury, and cash operations.
• Strong knowledge of retail and commercial foreign exchange products and SARB rulings; interpret rulings practically.
• Proven expertise in managing operational risk within the forex and cash environment; control testing and remediation.

Responsibilities

• Oversee and support risk execution by testing key controls in forex and cash processes.
• Conduct sample testing of critical controls and ensure compliance with regulatory requirements (EXCON, SARB, KYC, FAIS, PoPI).
• Engage with branch teams and stakeholders to embed SOPs and strengthen the risk control environment.

Skills

Stakeholder engagement

Communication skills

Risk data analysis

Operational excellence

Business continuity

Education

Bachelor's Degree in Banking, Finance, Risk Management, Compliance, Internal Audit, or a related field

Job description

Standard Bank Group in Cape Town seeks an Officer, Risk Execution to support the Risk Execution Manager by overseeing and testing key risk, compliance and regulatory controls within forex and branch cash operations.

You will apply EXCON/SARB knowledge to strengthen the control environment, engage stakeholders, and translate risk data into actionable improvements for regulatory compliance.