Cape Town · Hybrid Remote

Regulatory Exchange Control Manager

We are seeking a diligent and experienced Regulatory Exchange Control & Compliance Manager to ensure our organisation adheres to regulatory standards and our local as well as international policies/procedures.

In this role you will:

Provide Exchange Control advice on complex cross-border Exchange Control problems ranging from the small- to medium enterprises up to large corporates.
Ensure all open exchange account payments are made to prevent any exchange losses to Verto and to ensure that all regulatory requirements are met when executing payments.
Ensure accurate submission of Exchange Control applications to SA Reserve Bank on a case-by-case basis and vet all transactions in terms of Exchange Control Rulings.
Comply with governance in terms of legislative and audit requirements and interpret changes to Exchange Control regulations and rulings and ensure implementation of it to all Verto transactions in the said jurisdiction.
Improve business decisions by providing accurate and reliable business and regulatory intelligence and optimise execution plans to reduce friction and transaction lead times.
Develop and maintain compliance programs, policies, and procedures in line with relevant laws and regulations.
Conduct gap assessments and risk analyses for continuous improvement.
Collaborate with cross-functional teams to integrate compliance into business processes.
Monitor and assess regulatory changes and their impact.
Ensure timely implementation of regulatory updates.
Conduct compliance risk assessments and develop mitigation strategies.
Respond to regulatory inquiries and coordinate examinations.
Evaluate third-party compliance and conduct due diligence.
Investigate suspicious activities and file SARs.
Support MLRO in developing AML/CTF policies and procedures.
Conduct periodic reviews of the AML program and update policies as needed.
Use automated tools to detect and investigate compliance breaches.
Report suspicious activities to authorities.
Develop and deliver compliance training programs and promote a culture of ethical conduct.
Prepare and submit regulatory reports and maintain comprehensive records.
Conduct compliance testing and internal reviews, implementing remedial actions as necessary.
Conduct AML risk assessments, develop action plans, and establish risk indicators.
Enhance compliance efficiency through process improvements and technology.
Participate in industry forums to drive continuous improvement.
Liaise with internal and external stakeholders on AML/CTF initiatives.
Provide compliance guidance to business units.
Stay updated on compliance developments and share insights.
Prioritise KYB onboarding processing for all new customers in the onboarding funnel.
Perform AML functions on an ongoing basis, including detection/reporting of suspicious transactions for existing clients or high-risk onboarding cases.
Report and escalate all AML compliance risks and issues arising from interaction with client onboards.
Reporting of cash transactions above threshold, suspicious transactions, section 27 requests and any other reports.
Perform periodic reviews to ensure that all CTR, STR and section 27 responses are accurate.
Provide expert advice on various AML/CFT & Sanctions issues affecting Verto as a result of compliance obligations and guideline management on AML, KYC and Due Diligence functions for South Africa.

You will also have:

Bachelor's degree in business, Law, or related field; advanced degree or certification from a recognised institution.
5+ years of compliance experience in financial services, preferably in fintech.
3+ years’ experience in a leadership role within an Exchange Control/Foreign Exchange Payments/AML and CTF environment.
Proficient with transaction monitoring systems, investigative techniques, analytical, problem-solving, and decision-making skills.
Effective communicator for explaining complex regulations to non-compliance stakeholders.
Strong interpersonal skills and proven leadership experience.
Ability to manage multiple priorities in a fast-paced environment.
Sound judgement and confidentiality in handling sensitive matters.
Compliance certification or AML/CTF accreditation or similar will be highly desirable.

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Ventures Platform Ltd

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Regulatory Exchange Control Manager