Exchange Control Advisory Manager at Mukuru

Duties and Responsibilities (Include but are not limited to):

• Compliance Management
• Ensure the company’s operations comply with all relevant exchange control regulations, including those related to foreign currency transactions, cross-border payments, and other related financial activities.
• Policy Development
• Develop, implement, and maintain exchange control policies and procedures that align with regulatory requirements and industry best practices.
• Monitoring and Reporting
• Monitor all relevant transactions and activities for compliance with exchange control regulations. Prepare and submit required reports to regulatory authorities in a timely and accurate manner.
• Risk Management
• Identify potential exchange control risks and develop strategies to mitigate them. Provide guidance and support to other departments to ensure understanding and compliance.
• Stakeholder Engagement
• Act as the primary point of contact for regulatory bodies and auditors concerning exchange control matters. Liaise with internal teams, including Legal, Finance, and Operations, to ensure cohesive compliance efforts.
• Training and Development
• Develop and deliver training programs to educate staff on exchange control regulations and the importance of compliance.
• Continuous Improvement
• Stay updated on changes in exchange control regulations and adapt company policies and procedures accordingly. Drive continuous improvement initiatives within the compliance framework.
• Stakeholder Engagement
• Liaise with regulatory authorities and industry bodies to represent the company’s interests, as required.
• Collaborate with cross-functional teams, including Legal, Risk, Commercial and Operations, to address compliance-related issues.
• Key Requirements
• Grade 12 or equivalent
• Bachelor’s degree in finance, Law, Business Administration, or a related field. A master’s degree or professional certification is preferred.
• Minimum of 5 years of experience in compliance within the financial services sector, with a focus on exchange control as it pertains remittance and payments.
• Demonstrated expertise in regulatory requirements and industry best practices.
• Additional Skills
• Strong understanding of financial regulations, amongst various jurisdictions across Africa.
• Excellent analytical and problem-solving skills with a keen attention to detail.
• Effective communication and interpersonal skills with the ability to influence stakeholders at all levels.
• Proficient in using compliance management tools and technology.
• Ability to work independently and manage multiple projects simultaneously.