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The Senior Exchange Control Specialist plays a critical role within the Exchange Control Unit, applying expert knowledge of SARB regulations, internal policies, and international best practices to ensure compliant and efficient exchange control operations. This role involves providing specialized guidance to client & internal stakeholders, managing complex regulatory submissions, and contributing to the unit's overall effectiveness.
Responsibilities:
Act as a subject matter expert, providing in-depth guidance and assistance on complex exchange control matters to other Citibank N.A. South Africa Branch Departments and foreign correspondent banks
Contribute significantly to the development, implementation, and maintenance of robust internal procedures and controls related to exchange control
Support the Head of Unit in liaising with SARB, the Financial Surveillance Department, and other regulatory bodies, preparing necessary documentation and communications
Provide expert knowledge and support to various business areas in preparing for Exchange Control inspections by the Financial Surveillance Department of the SA Reserve bank, offering specialized input to resolve issues
Thoroughly review, validate, and recommend for authorization exchange control applications, exemptions, and reporting submissions, ensuring accuracy and compliance
Actively participate in the testing of new systems or processes that may have an impact on Exchange Control execution, ensuring systems adequately address regulatory requirements
Support the maintenance and further strengthening of relationships between Citibank N.A. South Africa Branch and the Financial Surveillance Department of the South African Reserve Bank to foster continued cooperation
Represent the Exchange Control Unit at internal and external user groups and other forums pertaining to Exchange Control, as delegated by the Head of Unit
Provide support and deliver training on Exchange Control matters to clients and other Citi Departments
Proactively identify opportunities and recommend process improvements, automation, and digital initiatives to enhance exchange control operations
Qualifications:
Reelvant experience in a related role
Deep understanding of SARB Exchange Control Regulations and Financial Surveillance requirements
Effective communication and analytical skills
Demonstrated ability to engage effectively with stakeholder and provide guidance
Expert level proficiency in Windows, MS Project, and MS Office Suite
Education:
Bachelor’s/University degree or equivalent experience
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