Lec - Exchange Control Officer

3 months ago

Johannesburg, South Africa JPMorganChase Full time

**JOB DESCRIPTION** Corporate and Investment Banking Exchange Control Specialist**

A highly regulated role where you will form part of a diverse and dynamic skilled team in facilitating governance and monitoring of cross border transactions and ownership of non resident assets through the understanding of the Exchange Control Regulatory Framework.

**Job Summary**

**Responsibilities**:

- Administering and coordinating quarterly Balance of Payments inspection
- Performing Section K reporting: Monitoring that all NON resident accounts and CFC accounts are not overdrawn
- Liaising with clients to ensure the submission and vetting of all necessary supporting documentation
- Liaising with Sales, Product, Reserve Bank and Clients on Exchange Control matters.
- Submitting monthly and quarterly reports
- Attending client meetings if required
- Escalate problems for solution in terms of compliance and governance standards
- Ensure that loans captured in terms of agreements.
- Contribute towards the delivery of automation and industrialisation of Exchange Control reporting
- Provide training to the internal stakeholders and clients (if required)
- Resolve exceptional reporting and issues from SARB
- Attendance of Authorised Dealer meetings organised by SARB

**Required qualifications, capabilities, and skills**
- 5 - 7 years + previous experience working directly with Exchange Control matters
- A working knowledge and strong theoretical understanding of Exchange Control Regulations and Rulings
- A good understanding of the South African financial markets and the obligations of an Authorised Dealer
- A thorough understanding of the Business and Technical Specifications documents regarding the Cross-Border Transaction Reporting System
- Ability to develop and maintain sound working relationships at all levels, with both internal and external clients
- Ability to prioritise and work well within a highly pressurised team
- Attention to detail and a high level of accuracy
- Good communication skills - both written and verbal
- A thorough understanding of what constitutes a sound operations control environment
- Ensure risk compliance in respect of regulatory and statutory requirements
- Ability to provide assistance to the Exchange Control Officer in their absence

**Preferred qualifications, capabilities, and skills**
- BCom degree or relevant Financial qualification preferable
- An accountable self-starter who deadline / control orientated
- Handling of complex queries/complaints from clients and assumes ownership
- Innovative - challenge assumptions
- Client centric
- Collaborative

**ABOUT US**

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

**ABOUT THE TEAM**

The Corporate & Investment Bank is a global leader across investment banking, wholesale payments, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. We provide strategic advice, raise capital, manage risk and extend liquidity in markets around the world.

Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.

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