Apply for Financial Surveillance Administrator Position in Sandton, Gauteng
Job Title: Financial Surveillance Administrator
Location: Sandton, Gauteng, South Africa
Employment Type: Full-Time
Department: Risk & Financial Surveillance
Industry: Banking / Financial Services / Compliance
Job Overview
A leading financial services organisation in Sandton is seeking a detail-oriented Financial Surveillance Administrator to join its Risk and Compliance division.
This role focuses on processing Balance of Payments (BOP) and International Verification System (IVS) reporting in line with SARB regulatory requirements. The successful candidate will support the Financial Surveillance team in ensuring compliance, accuracy, and timely reporting of financial transactions.
You will work closely with senior signing officials, back-office teams, and branches to ensure all financial surveillance processes are executed correctly and in accordance with regulatory standards.
Primary Purpose of the Role
The Financial Surveillance Administrator is responsible for capturing, processing, and verifying financial surveillance transactions and reports while ensuring compliance with South African Reserve Bank (SARB) regulations.
The role also includes assisting with administrative, reporting, and operational duties within the department to ensure smooth daily functioning.
Minimum Requirements
Qualifications
- Grade 12 (Matric) – essential
- Diploma or certificate (advantageous)
Experience
- Minimum 1 year experience in foreign exchange or financial surveillance environment
- Experience in banking or compliance-related operations is preferred
Key Responsibilities
Financial Administration
- Capture and process BOP and IVS transactions accurately and timeously
- Process invoice payments, penalties, and application fees
- Support budget tracking and cost control initiatives
- Assist in revenue collection from branches and internal customers
Regulatory Compliance
- Ensure adherence to SARB, SARS, and Customs regulations
- Capture and reconcile import-related transactions
- Report exceptions and corrections to relevant stakeholders
- Maintain compliance with financial surveillance policies and procedures
Customer & Internal Support
- Handle queries from branches and internal departments
- Maintain strong internal client relationships
- Provide feedback and guidance on regulatory updates
- Ensure service level agreements (SLAs) are met
Operational Processing
- Compile financial surveillance reports and exception reports
- Assist with emigration and documentation verification processes
- Capture and process Omnibus and Old TC applications
- Maintain accurate records in financial surveillance systems
Risk & Process Management
- Identify process weaknesses and system gaps
- Escalate issues and recommend improvements
- Support fraud prevention and reputational risk control
- Ensure proper verification of financial documentation
Learning & Development
- Participate in AML, FICA, and financial surveillance training
- Maintain a personal development plan
- Continuously improve technical and regulatory knowledge
Skills & Competencies
- Strong attention to detail
- Analytical and critical thinking ability
- Ability to work under pressure
- Strong understanding of financial regulations
- Good communication skills
- Time management and organisational skills
- Ability to multitask in a fast-paced environment
Personal Attributes
- High level of integrity and confidentiality
- Self-motivated and proactive
- Team player with strong collaboration skills
- Responsible and accountable
- Committed to continuous improvement
Why Join This Role?
This position offers an opportunity to work within a highly regulated financial environment, contributing to national compliance and financial security systems. You will gain exposure to banking operations, SARB reporting systems, and financial risk management processes.
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