Empowering Africa’s tomorrow, together…one story at a time.
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 CIB Payments team as a Specialist Exchange Control where you will be responsible for the day-to-day administration of Exchange Control in conjunction with the South African Reserve Bank (SARB), support various Stakeholder units within ABSA as well as external clients by providing an Exchange Control Service offering by way of consultation and representation to SARB via Head Office Exchange Control (HOEC). Provide Exchange Control advisory services to clients and internal stakeholders with regard to Exchange Control matters.
Job Description
Key Accountabilities
- 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 foreign exchange 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 or accompanying front line staff on client visits when required.
- Follow industry developments and regulatory requirements in order to ensure compliance.
- Keep clients and internal stakeholders informed of changes and new trends in the regulatory environment by means of training engagements.
- Provide superior customer services and support to clients and internal stakeholders in respect of rendering Exchange Control Advisory services for client portfolio.
- Efficiently deliver and ensure continuation of service by applying specialist knowledge for problem solving and advice for remediation and prevention to ensure continuous improvement of existing processes and product offering, methodology and system integrity.
- Remain alert and report real or potential risks identified from customer transactions.
- Monitor CIBW processes and activities to identify real or potential areas of foreign exchange compliance risk.
- Establish and maintain good professional relationships with clients, who have regular or complex Exchange Control needs in order to pro-actively solution.
- Establish and maintain good professional relationships with all key CIB Stakeholders in order to promote and deliver the Excon Advisory product offering effectively.
Education and Experience Required
- Bachelor’s Degree in commercial discipline / NQF Level 6, or
- Minimum 5 years General Banking experience.
- Minimum 3 years Foreign Exchange experience.
- Minimum 7 years Exchange Control environment experience.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
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