Exchange Control Specialist
1 week ago
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 the Markets and Treasury Post trade Services team as a Specialist in Exchange Control and FinSurv reporting where you will be responsible for the day-to-day administration and vetting of transactions to ensure Exchange Control compliance and support various Stakeholder units within ABSA as well as external clients by providing Exchange Control advisory services.
**Job Description**:
Key Accountabilities
- In depth knowledge and experience with FinSurv reporting. Understanding of the Balancing Module.
- Exposure to Markets products with extensive knowledge on transaction vetting to ensure compliance with Exchange control.
- Provide Exchange Control advisory services and training for clients and internal stakeholders by providing guidance on Exchange Control related matters
- Contribute to the development of new products by collaborating with internal stakeholders to ensure that all requirements relating to Exchange Control Regulations are fully complied with
- Ensure that changes to the Exchange Control Regulations are incorporated into products and service offerings by review when required.
- Address specific matters referred from internal stakeholders by providing technical specialist input from an Exchange Control perspective.
- Follow industry developments and regulatory requirements in order to ensure compliance
- Monitor business processes and activities to identify real or potential areas of foreign exchange compliance risk
Education and Experience Required
- Bachelor’s Degree in Commerce / NQF Level 6, or
- Minimum 3 years General Banking experience
- Minimum 3 years Market’s Product experience
- Minimum 5 years Exchange Control environment experience
Education
Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (required)
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_
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