JPMorgan LEC - Exchange Control Officer 

South Africa, Gauteng, Johannesburg 

257434423

Corporate and Investment Banking Exchange Control Specialist

A highly regulated role where you willform part of agovernance and monitoring of cross border transactions and ownership of non resident assets through the understanding of the Exchange Control Regulatory Framework.

Job Summary

As an Exchange Control Specialist inthe Financeeam in Johannesburg, you will be responsible for but not limited toof Exchange Controlapplications to the SARBvetting functions ensuring full compliance with Exchange Control. Themonitoring ofaccurate and timely reporting of all relevant items on theFinSurv Reporting System

Job Responsibilities

• Administering and coordinating quarterly Balance of Payments inspection
• Performing Section K reporting: Monitoring that all NON resident accounts and CFCaccountsare not overdrawn
• Liaising with clients to ensure the submission and vetting of all necessary supporting documentation
• Formulating/Submitting exchange control applications and following up on these with theFinancial Surveillance Department
• Liaising with Sales, Product, Reserve Bank and Clients on Exchange Control matters.
• Submitting monthly and quarterly reports
• Attending client meetings if required
• Escalate problems for solution in terms of compliance and governance standards
• Ensure that loans captured in terms of agreements.
• Contribute towards the delivery of automation and industrialisation of Exchange Control reporting
• Provide training to the internal stakeholders and clients (if required)
• Resolve exceptional reporting and issues from SARB
• Attendance of Authorised Dealer meetings organised by SARB

Required qualifications, capabilities, and skills

• 5 - 7years + previous experience working directly with Exchange Control matters
• A working knowledge and strong theoretical understanding of Exchange Control Regulations and Rulings
• A good understanding of the South African financial markets and the obligations of an Authorised Dealer
• A thorough understanding of the Business and TechnicalSpecifications documents regarding the Cross-Border Transaction Reporting System
• Ability to develop and maintain sound working relationships at all levels, with both internal and external clients
• Ability to prioritise and work well within a highly pressurised team
• Attention to detail and a high level of accuracy
• Good communication skills - both written and verbal
• A thorough understanding of what constitutes a sound operations control environment
• Ensure risk compliance in respect of regulatory and statutory requirements
• Ability to provide assistance to the Exchange Control Officer in their absence

Preferred qualifications, capabilities , and skills

• BCom degree or relevant Financial qualification preferable
• An accountable self-starter who deadline / control orientated
• Handling of complex queries/complaints from clients and assumes ownership
• Innovative – challenge assumptions
• Client centric