Exchange Control Consultant

Job overview

To ensure that all client related forex transactions comply with the South African
Reserve Bank (SARB) Exchange Control regulations, and to act as the internal and
external point of reference for Exchange Control matters. The role encompasses
regulatory interpretation, client SARB application facilitation, internal training and
client engagement.
In addition to technical responsibilities, the role also includes maintaining the
continuity and operational effectiveness of the Exchange Control function. This
involves proactively documenting processes, standardising recurring workflows, and
ensuring that appropriate knowledge-sharing or handover mechanisms are in place.

Duties and responsibilities

1. Regulatory Compliance & Oversight

• Stay up to date with all changes to SARB Exchange Control rulings, circulars and
banking partner interpretations

• Interpret and communicate regulatory updates clearly and promptly to all
affected teams

• Ensure all foreign exchange transactions are reviewed and executed in line with
applicable Exchange Control regulations
2. Client and Internal Advisory

• Provide clear, accurate guidance to clients and internal teams on Exchange
Control matters.

• Handle complex or uncommon queries with a solutions driven approach,
escalating where necessary while maintaining ownership

• Attend client meetings where Exchange Control expertise is required
3. SARB Applications and Partner Bank Liaison

• Prepare, submit, and track SARB applications and renewals via our authorised
banking partners

• Maintain a log of applications, outcomes and timelines to monitor processing
efficiency

• Liaise with bank Exchange Control desks to resolve queries and negotiate
interpretation differences
4. Internal Training

• Design and deliver regular training on Exchange Control for Dealing, Payments,
Compliance and other support teams

• Ensure updated materials and process checklists are available and understood
by relevant staff

• Promote consistency in how common transactions are treated across the
business (e.g. FDI, foreign allowances, BOP codes)
5. Process Management & Continuity

• Document standard operating procedures (SOPs) and checklists for recurring
processes and transactions

• Identify and address gaps in coverage or controls to minimise reliance on a
single point of failure

• Set up workflows and automation tools (where feasible) to ensure continuity
during planned or unplanned absence
6. Reporting & Oversight

• Assist in compiling audit trails and reports related to our Exchange Control
requirement

• Flag regulatory risks or repeated transaction issues to leadership, with
recommendations for resolution or escalation.

7. Continuous Improvement

• Identify opportunities to improve the efficiency and effectiveness of the
Exchange Control function.

• Collaborate with cross-functional teams to align Exchange Control processes
with evolving business goals.

• Champion a culture of compliance, knowledge-sharing, and client-centric
service.

Core competencies and Personal Attributes

• Proactive ownership of the Exchange Control function, ensuring consistent
performance through process documentation, planning and collaboration.

• Attention to detail and high standards for compliance, documentation and
execution.

• Process-driven mindset with the ability to systematise repeatable workflows and
embed best practices across the business

• Strong problem solving skills with a practical yet innovative approach to
complex or novel Exchange Control scenarios

• Effective communicator, able to simplify complex regulatory concepts for both
clients and internal teams through written and verbal communication

• Business awareness, with an understanding of how Exchange Control
considerations impact broader client outcomes and operational priorities

• Training and enablement orientation, with a focus on uplifting team knowledge
and confidence through structured learning and informal support

• Stakeholder relationship management, including meeting with external SARB
and banking partners, and internal departments

• Resilient under pressure, able to juggle multiple priorities, respond to urgent
queries and maintain professionalism in client facing settings.

• Continuous learner, staying up to date with regulatory changes and looking for
opportunities to improve how the Exchange Control function adds value to the
busines