Consultant Exchange Control

2 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

To provide specialist advice and support in area of specialisation enabling the provision of sound compliance services.

**Job Description**:
To facilitate the process whereby clients’ requests must be submitted to the Financial Surveillance Department (“FinSurv”) at the South African Reserve Bank (“SARB”) and where applicable, adjudicate on requests that fall within their mandate to do so.
- Applications and Self-Adjudications are processed in the acceptable time frames as detailed in the relevant SLA’s with the Business Areas.
- Self-adjudications are factually correct and not questioned by the recipients (5% variance allowed for interpretation issues).
- FinSurv replies and self-adjudicated response are to be communicated to the recipients in the time frames referred to above.
- Monitor the introduction of the Capital Flow Management Framework (“CFMF”) and participate in the process of rolling out the CFMF within the Absa Group.

To provide advice and interpretations of Exchange Control legislation to the business areas either formally or informally but not to provide “fit for processing” solutions
- Identifying certain trends and provide recommendations regarding training required for business area officials.
- Individual assistance provided to business areas based on the findings above.

FinSurv is our primary regulator and therefore it is necessary to maintain a positive relationship with the officials of FinSurv and to provide them with the levels of cooperation to their satisfaction
- All arrangements for meetings at SARB are communicated to the client within 2 days of receipt of Copies of all information and documentation prepared and available at the meeting.
- Minutes of the meeting are to be produced and submitted to the client for signoff with 7 working days of the meeting.
- Directives given by FinSurv during the meeting must be explained to the client and conveyed to the applicable business area
- Minutes of the meeting must be an accurate reflection of the discussions, without any changes from FinSurv in their response

Contribute to the effective functioning of both the Excon Advisory team as well as the greater HOEC team
- Contributions (including Nil returns) provided to all internal requests for input to HOEC documents / initiatives by due date / Precedents / trends applicable to ECA’s identified and shared with relevant HOEC team members
- Contribute to preparation for Internal audit, and deal with any issues that are raised by them within the time frames requested
- Understand my role in the business end to end processes, including applicable risks and controls and how this improves the service we provide to our customers
- Adhere to Absa frameworks, policies and procedures applicable to my role, demonstrating sound judgement and responsible risk management, and when required highlight breaches and request dispensations & waivers on a timely basis
- Report all risk events/incidents/issues immediately upon discovery and escalate significant events/incidents/issues using the defined process for my business area
- Help to understand why risk events/incidents/issues happened and identify how to prevent them in future - focusing on fixing root causes and taking ownership of identified actions
- Proactively identify ways to improve the control environment by considering what could go wrong in the processes I operate and how errors could be prevented - focusing on fixing root causes and taking ownership of identified actions
- Complete all mandatory training to deadline

Education

Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

  • Exchange Control Consultant

    7 months 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...

  • Specialist Exchange Control

    7 months 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...

  • Exchange Control Specialist

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Exchange Control Specialist Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Commercial Forex Advisory Services, you will be surrounded by unique talents, diverse minds, and an...

  • Exchange Control Specialist

    5 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Exchange Control Specialist Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Commercial Forex Advisory Services, you will be surrounded by unique talents, diverse minds, and an...

  • Exchange Control Consultant

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To vet payments to ensure that all exchange control payments meet the requirements of the South African Reserve Bank rules prior to the payment being release Consult with branch and clients to ensure that all requirements are met before submitting for payment - Act responsibly with work related resources in order to contribute to cost...

  • Exchange Control Officer

    4 weeks ago

    Johannesburg, South Africa Africentric People Solutions Full time

    **EXCHANGE CONTROL OFFICER** **1.**JOB PURPOSE** **2.**RESPONSIBILITIES** **Strategy** - Ensure that operational risk is well managed to minimize financial loss or reputational damage resulting from incorrect exchange control non-compliance, processing, fraud, delays and errors - Understand Exchange Control transactions to ensure that the administration...

  • Head of Exchange Control

    4 days ago

    Johannesburg, South Africa CSG Recruit Full time

    My client has an opportunity for a Head of Exchange Control to join their team in Johannesburg. **Requirements**: - Relevant Degree / Post Graduate Qualification - 10 -15 years experience in banking and Exchange Control at a senior level - A minimum of 5 years of experience dealing with the SARB Exchange Control Department - Must have substantial knowledge...

  • Exchange Control Specialist

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description - Deliver exceptional service that exceeds customers’ expectations through proactive, innovative and appropriate solutions. - Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members by Liaising with South African Reserve Bank on Exchange...

  • Exchange Control Specialist

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description - Manage costs / expenses within approved budget to achieve cost efficiencies for the Team. - Deliver exceptional service that exceeds customers’ expectations through proactive, innovative and appropriate solutions. - Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project...

  • Foreign Exchange Control Manager

    7 months 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...

  • Exchange Control Specialist D

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: - make a promise - be deeply invested - value our differences - build trust, not territory - have courage - always do the right thing **purpose**: **experience and qualifications**: - Minimum Qualification - Grade 12 or Certificate or Degree. - Experience - 3 years related...

  • Exchange Control Specialist

    5 days ago

    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: - FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them...

  • Foreign Exchange Consultant

    4 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To provide a face-to-face foreign exchange service to clients Hello Future Foreign Exchange Consultant Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Commercial Forex, you will be...

  • Lec - Exchange Control Officer

    4 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...

  • Corporate and Investment Banking Exchange Control

    7 months ago

    Johannesburg, South Africa JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** Corporate and Investment Banking Exchange Control Specialist A highly regulated role where you will work with a diverse and dynamic skilled team in facilitating cash movement and the reporting of cross border flows to various Regulators **Job Summary** As an Exchange Control Specialist in Treasury Services Operations team in...

  • Exchange Control

    1 week ago

    Johannesburg, South Africa Lakwema Consulting Full time

    Purpose: To perform the Exchange Control function in line with SARB requirements and ensure that Excon payments are compliant with the Excon rules, whilst supporting the Operating Divisions in matters pertaining to Excon compliance. Also maintaining effective and up to date bank and creditors’ reconciliation in line with standard operating procedures, and...

  • Corporate and Investment Banking Exchange Control

    7 months ago

    Johannesburg, South Africa JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** A highly regulated role where you will work with a diverse and dynamic skilled team in facilitating cash movement and the reporting of cross border flows to various Regulators **Job Summary** As an Exchange Control Specialist in Treasury Services Operations team in Johannesburg, you will be responsible for but not limited to...

  • Client Service Specialist

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Client Service Specialist (Exchange Control) Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen. As part of our team in FNB Commercial Forex, you will be surrounded by unique talents, diverse minds, and an...

  • Currency Exchange Specialist

    7 months ago

    Johannesburg, South Africa Ria Full time

    Responsibilities What you will do on daily basis: On board new clients and grow the existing ones Ensure minimum stocks are available and exceeds sent to the wholesaler and vault. Support the team on daily operations (rates, consultations, void transactions, delivery) Ensure communication with Customers and coworkers is fast, accurate and proper. Maximize...

  • Client Service Specialist Exchange Control

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: - make a promise - be deeply invested - value our differences - build trust, not territory - have courage - always do the right thing **purpose**: **experience and qualifications**: - Minimum Qualification - Bachelors Degree in Law or Economics or Commerce of Finance or Compliance -...