Overview
Officer, Risk Execution Jobs in Cape Town, Western Cape at Standard Bank
Full Job Description
Job Overview
Business Segment: Personal & Private Banking
Location: ZA, WC, Cape Town, 2 Heerengracht Street
Job Type: Full-time
Job Ref ID: 80441868A-0001
Date Posted: 6/27/2025
Job Description
The Officer, Risk Execution is responsible for supporting 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. The role is pivotal in safeguarding the Bank by rigorously testing, evaluating, and continuously strengthening the risk control environment across cash and foreign exchange (forex) operations. It requires a strong technical understanding of Exchange Control (EXCON) regulations, South African Reserve Bank (SARB) cash-handling requirements, and branch-level forex processes—including teller operations, ATMs, bulk cash, forex drafts, traveller’s cheques, and forward contracts.
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.
Experience Required:
5–7 years’ branch banking experience in forex functions, including teller, treasury, and cash operations, with a deep understanding of exchange rates, Exchange Control (EXCON) regulations, and their impact on transactional banking.
Strong knowledge of retail and commercial foreign exchange products (e.g., foreign currency accounts, bank drafts, traveller’s cheques, forward exchange contracts, international remittances) and the ability to interpret exchange control rulings and SARB circulars practically.
Proven expertise in managing operational risk within the forex and cash environment, including control testing, compliance monitoring, exception reporting, and remediation of audit and assurance findings.
Experience driving risk execution frameworks, conducting sample testing of critical controls, and ensuring compliance with regulatory requirements (e.g., KYC, FAIS, PoPI, data privacy) within Personal and Private Banking branch contexts.
Strong stakeholder engagement and communication skills, with the ability to analyse risk data, provide actionable insights, embed standard operating procedures, and support operational excellence and business continuity.
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
Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any from of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or [email protected]
Title: Officer, Risk Execution
Company: Standard Bank
Location: Cape Town, Western Cape
Category:
