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.