Foreign Exchange Control Manager

4 days ago

Johannesburg, South Africa Accounting & Financial Advisory Full time

Job Title: Foreign Exchange Control Manager

Job Purpose:
The Foreign Exchange Control Manager is responsible for overseeing and ensuring compliance with foreign exchange regulations and policies. They are responsible for managing and mitigating risks associated with foreign exchange transactions and maintaining strong relationships with regulatory bodies and financial institutions.

Key Responsibilities:
1. Regulatory Compliance:

- Ensure compliance with all foreign exchange regulations and guidelines, including monitoring changes in regulations and updating internal policies accordingly.
- Develop and implement procedures and controls to ensure compliance with foreign exchange laws and regulations.
- Maintain up-to-date knowledge of local and international laws and regulations related to foreign exchange controls.

2. Risk Management:

- Assess and mitigate any potential risks associated with foreign exchange transactions.
- Develop risk management strategies and protocols to minimize exposure to currency fluctuations and market uncertainties.
- Regularly review and evaluate foreign exchange processes to identify areas for improvement and implement appropriate measures.

3. Policy Development and Implementation:

- Develop and update foreign exchange policies in line with regulatory requirements and business needs.
- Communicate and train employees on foreign exchange policies, procedures, and best practices.
- Monitor adherence to policies and ensure consistent implementation across the organization.

4. Reporting and Documentation:

- Prepare and submit reports to regulatory bodies as required.
- Maintain accurate and up-to-date documentation related to foreign exchange transactions, including contracts, confirmations, and related correspondence.
- Ensure proper record-keeping and archiving of all foreign exchange documents and files.

5. Relationship Management:

- Establish and maintain strong relationships with regulatory bodies, financial institutions, and other relevant stakeholders.
- Collaborate with internal departments, including Treasury, Finance, and Legal, to address foreign exchange control requirements.
- Act as the main point of contact for inquiries, audits, and inspections related to foreign exchange controls.

Qualifications and Requirements:

- Bachelor's degree in finance, Business Administration, or a related field. A Master's degree in a relevant discipline is preferred.
- Minimum of 3 years of experience in foreign exchange controls or a similar role in a financial institution or multinational corporation.
- In-depth knowledge of foreign exchange laws, regulations, and best practices.
- Strong analytical and problem-solving abilities.
- Excellent communication skills, both written and verbal.
- Proven ability to develop and maintain effective relationships with regulatory bodies and financial institutions.
- Attention to detail and ability to work under pressure and meet deadlines.

Note: The above job description is not comprehensive and may evolve according to business needs.

  • Manager, Exchange Control Assurance

    1 week ago

    Johannesburg, Gauteng, South Africa Standard Bank Of South Africa Limited Full time

    Location: ZA, GP, Johannesburg, Baker Street 30 To develop, maintain and implement the Exchange Control Compliance Framework, as it pertains to exchange controls, cross-border transactions reporting and foreign exchange requirements, to ensure that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational...

  • Manager, Exchange Control Assurance

    1 week ago

    Johannesburg, Gauteng, South Africa Standard Bank Of South Africa Limited Full time

    Location: ZA, GP, Johannesburg, Baker Street 30 To develop, maintain and implement the Exchange Control Compliance Framework, as it pertains to exchange controls, cross-border transactions reporting and foreign exchange requirements, to ensure that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational...

  • Foreign Exchange Specialist

    1 week ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    About us, purpose, experience and qualificationsabout us:- make a promise- be deeply invested- value our differences- build trust, not territory- have courage- always do the right thingpurpose: To ensure that all payments are authorised efficiently and effectively without error, in order to minimise risks to the Bank and to provide advise according to...

  • Foreign Exchange Consultant

    2 months ago

    Johannesburg, South Africa Isilumko Staffing Full time

    A leading bank in South Africa is looking for a Confirmations OfficerExperienceHave at least 2 years’ banking experience  or Have suitable knowledge of:Suitable knowledge within Derivative ProcessingDerivative Product knowledgeForeign Exchange knowledgeBe computer literate and have a good working knowledge of MS Office suite, Internet & MS Outlook.Is able...

  • Foreign Exchange Consultant

    1 week ago

    Johannesburg, Gauteng, South Africa Isilumko Staffing Full time

    A leading bank in South Africa is looking for a Confirmations OfficerExperienceHave at least 2 years' banking experience or Have suitable knowledge of:Suitable knowledge within Derivative ProcessingDerivative Product knowledgeForeign Exchange knowledgeBe computer literate and have a good working knowledge of MS Office suite, Internet & MS Outlook.Is able to...

  • Foreign Exchange Consultant

    4 weeks ago

    Johannesburg, South Africa Isilumko Staffing Full time

    A leading bank in South Africa is looking for a Confirmations OfficerExperienceHave at least 2 years’ banking experience  or Have suitable knowledge of:Suitable knowledge within Derivative ProcessingDerivative Product knowledgeForeign Exchange knowledgeBe computer literate and have a good working knowledge of MS Office suite, Internet & MS Outlook.Is able...

  • Manager, Exchange Control

    1 week ago

    Johannesburg, Gauteng, South Africa Standard Bank Of South Africa Limited Full time

    Business Segment: Corporate & Investment Banking Location: ZA, , Johannesburg, Simmonds Street 5 To lead the execution of strategic objectives, as well as the management of key risk areas of exchange control advisory function. To manage the overall relationship with the exchange control authorities, clients, internal and industry stakeholders. To provide...

  • Specialist Exchange Control

    3 weeks ago

    Johannesburg, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary Join...

  • Manager: Exchange Control

    2 weeks ago

    Johannesburg, South Africa Nedbank Full time

    **Job Purpose** - To manage and lead a team to ensure that an exchange control advisory and consultation service is provided to stakeholders that complies with the exchange control rules; regulations and directives as set by the South African Reserve Bank (SARB). **Responsibilities**: - Build and maintain relationships with key stakeholders through regular...

  • Manager, Compliance Systems, Exchange Control

    1 week ago

    Johannesburg, Gauteng, South Africa Standard Bank Of South Africa Limited Full time

    Manager, Compliance Systems, Exchange Control Job Overview Business Segment: Group Functions Location: ZA, GP, Johannesburg, Baker Street 30 To develop, maintain and implement the Exchange Control Compliance Framework, as it pertains to exchange controls, cross-border transactions reporting and foreign exchange requirements, across all countries /...

  • Foreign Exchange Cash Advisor

    1 week ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To provide an efficient and professional service to all international inbound and outbound travelers through the sales, service and delivery of International Banking travel products and services. Offer value added solutions whilst adhering to policy and procedures. - Manage teller’s differences / exchange losses. - Address customer needs...

  • Head, Exchange Control Enablement

    1 week ago

    Johannesburg, Gauteng, South Africa Standard Bank Of South Africa Limited Full time

    Location: ZA, GP, Johannesburg, Baker Street 30 To enable Business Lines and Corporate Functions across all countries / jurisdictions in which the organisation does business(South Africa and Africa Regions), to comply with the Exchange Control Compliance Framework, as it pertains to exchange controls, cross-border transactions reporting and foreign exchange...

  • Foreign Exchange Consultant

    1 week ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To provide a face-to-face foreign exchange service to clients - Achieve the delivery of exceptional customer experience against the Balanced Scorecard standards - Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders Convert...

  • Foreign Exchange Consultant

    1 week ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    Job DescriptionTo provide a face-to-face foreign exchange service to clients Achieve the delivery of exceptional customer experience against the Balanced Scorecard standards Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders Convert identified...

  • Foreign Exchange Cash Advisor

    1 week ago

    Johannesburg, Gauteng, South Africa FirstRand Full time

    Job DescriptionTo provide an efficient and professional service to all international inbound and outbound travelers through the sales, service and delivery of International Banking travel products and services. Offer value added solutions whilst adhering to policy and procedures. Manage teller's differences / exchange losses. Address customer needs in order...

  • Foreign Exchange/ Interest Rates Derivatives

    4 weeks ago

    Johannesburg, South Africa Isilumko Staffing Full time

    A top bank is looking for a creative, analytical, self-motivated born leader to join their Global Markets Operations Processing division. **Duties** - Ensure that outgoing confirmations in respect of Foreign Exchange Derivatives (FXD) and (IRD) and Africa Desk are confirmed timeously and accurately. - Matching incoming and outgoing confirmations for various...

  • Foreign Credit Controller

    2 months ago

    Johannesburg, South Africa The Recruitment People Full time

    Gauteng _, JHB - Eastern Suburbs _ - Annually Cost To Company (Market related, Negotiable) _ - Having been in business for over 40 years, this industry leader is seeking a Foreign Credit Controller to join their team in Johannesburg. _ **_Job Description: _**: - _Managing collections of overdue accounts _ - _Foreign exchange management _ - _Statutory...

  • Foreign Debtors Controller

    2 weeks ago

    Johannesburg, South Africa TAC Recruitment Full time

    Gauteng, JHB - Northern Suburbs - R318 000 per annum Work closely with finance, trade and operations teams. **Role Description** **Foreign currency** - Inward and outward processing of foreign currency transactions up to - Facilitating forward exchange contracts (FEC) hedging with internal FX trading desk and banks - FX exposure to be reported weekly and...

  • Exchange Control Consultant

    3 weeks ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To vet and ensure all cross-border payments meet the requirements of the South African Reserve Bank (SARB) prior to the payment being released. To consult with relevant internal and external stakeholders to ensure that all requirements are met before payments are submitted. Hello Future Exchange Control Consultant Welcome to FNB, the home...

  • Foreign Credit Controller

    1 week ago

    Johannesburg, Gauteng, South Africa The Recruitment People Full time

    Having been in business for over 40 years, this industry leader is seeking a Foreign Credit Controller to join their team in Johannesburg.Job Description:The candidate will be responsible for the full accounts receivable function. The responsibilities include but are not limited to:Managing collections of overdue accountsForeign exchange managementStatutory...