Exchange Control Consultant at FNB South Africa

Job Description

• To vet and ensure all cross border payments meet the requirements of the South African Reserve Bank (SARB) prior to the payment being released. 
• To consult with relevant internal and external stakeholders to ensure that all requirements are met before payments are submitted.
• Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.
• As part of our team in FNB Commercial Forex Cape Town, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

The Ideal candidate must have the following exposure:

• Act responsibly with work related resources in order to contribute to cost containment and ensure minimal losses to the Bank 
• Ensure the accurate capture of Balance of Payment (BOP) and the correct Section of the Reserve Bank rulings is applied prior to releasing the payment, thereby minimizing risk 
• All payments to be released with the relevant service level agreement (SLA)
• Keep abreast of and comply to statutory and legislative requirements related to the rulings and updates from the Reserve Bank; and ensure implementation within business
• Ensure where Exchange Control approval has expired, information is updated on relevant system and clients are advised accordingly
• ·Provide an efficient administration service through careful and timeous planning, reporting and updating of all relevant information
• Develop and manage key stakeholder relationships that enable achievement of operational objectives, both internally and externally
• Contribute to a culture of service excellence, which builds positive relationships and provides opportunity for feedback and exceptional service
• Produce high quality work by adhering to predefined standards and procedures and in accordance with compliance and governance standards. 
• Continuously assess own performance, seek timely and clear feedback and request training where appropriate. 

Minimum Qualification

• Grade 12 with relevant Banking or Compliance Certificate

Preferred Qualification:

• Relevant Diploma
• 1+ years of Foreign Exchange experience

Knowledge

• Understanding of the Reserve Bank exchange control rules
• Exposure to cross border payments