Applications are invited from suitably qualified Lesotho citizens to fill the position of Head, Policy & Exchange Control Division in the Department of Supervision at the Central Bank of Lesotho.

Reporting directly to the Director of Supervision the incumbent will perform the following duties:-

-                      Receive the South African Bank’s Exchange Control Circulars, identify and analyze the relevant ones to Lesotho, prepare and present the matrix to FISTC for approval.

-                      Amend the Manual of Exchange Control Rulings per approved circulars.

-                      Ensure that the Division implements the Cross Border Foreign Exchange Transactions Reporting Project.

-                      Monitor all exports and resultant proceeds and accordingly prepare accurate reports to advise Management where necessary.

-                      Advise the FISTC on appropriate exchange control policies to adopt in Lesotho and to administer exchange controls for compliance with the regulations so as to prevent illegal capital flight.

-                      Identify proactive strategies that will enhance the enforcement of the Exchange Control Regulations by the banks and accountable institutions and also develop compliance procedures to protect them against money laundering.

-                      Coordinate Money Laundering Activities that are within the Bank but related to the public, such as securities markets and licensing to comply with Financial Institutions (Anti-Money Laundering) Guidelines 2000, Financial Institutions (Know Your Customer) Guidelines 2007, Money Laundering and Proceeds of Crime Act 2008 and other related laws.

-                     Participate in the national and regional initiatives in the development of the money laundering regime.

-                     Participate in all the meetings relating to exchange control issues nationally and regionally.

-                      Recommend approval of applications to sell foreign currencies.

-                      Prepare quarterly reports to FISTC.

-                      Monitor the Divisional budget.

-                     Supervise the work of the Division and attend to any other issues which are assigned from time to time.

Qualifications

-                      Applicants must possess MBA or CA or CIA or CIMA.

Experience

-                      Candidates must have seven years’ relevant experience, three of which must have been at senior managerial level.

-                      Must have a comprehensive knowledge of the financial sector. 

Knowledge and Skills

-                      Possess and exhibit excellent interpersonal, analytical, verbal and written communication skills

-                      Proven ability to promote team work

-                      Effective coordination, monitoring, and control of tasks to ensure completion and achievement of targets

-                      Computer literacy is essential.

Senior Manager – Recruitment and Training

Central Bank of Lesotho

Corner Airport & Moshoeshoe Road

P.O. Box 1184

MASERU   100

Closing date:   Friday 03 December 2010

NB:  Only short-listed candidates will be responded to.