Exchange Control Officer
We are looking for a dedicated and detail-oriented Exchange Control Officer to join our team in South Africa on a part time basis 3 days per week. This role is crucial in ensuring our compliance with the Financial Intelligence Centre Act (FICA) and the regulations of the South African Reserve Bank (SARB), supporting our commitment to secure and compliant financial services. If you thrive in a dynamic environment and have a strong understanding of financial regulations, this is an exciting opportunity to contribute to a vital function within a rapidly growing global company.
Key Responsibilities As an Exchange Control Officer, you will play a critical role in our compliance efforts, including:
FICA & SARB Compliance: Assisting with FICA investigations and informing staff on Anti-Money Laundering (AML) issues. Supporting transaction monitoring, with a focus on our Point-of-Sale (POS) system, and contributing to high-risk client vetting. Acting as a primary liaison with the South African Reserve Bank (SARB). Drafting and following up on Exchange Control applications. Investigating and responding to SARB queries and preparing regular correspondence (quarterly, semi-annually, annually). Supporting off-site and on-site inspections and addressing audit findings. Maintaining and updating the Exchange Control manual with new SARB directives. Overseeing and ensuring daily FINSURV reporting is accurate, timely, and compliant with regulatory timelines, including error resolution and balancing. Attending SARB meetings as required. Assisting in updating and maintaining the Risk Management and Compliance Program (RMCP) and other essential business manuals. Monitoring & Customer Management: Monitoring transactions for suspicious behavioral trends in line with SARB requirements. Conducting sanction screening reviews for potential client hits.
Training & Audits: Assisting with the development and maintenance of FICA and Exchange Control training material. Providing refresher training for all staff as required by FINSURV and FIC. Supporting FINSURV and FIC audits, including follow-up investigations and responses. Assisting with presentations to the SARB on relevant systems, processes, and products.
Operational Support: Supporting the business with FINSURV processes and procedures. Corresponding with individuals regarding Exchange Control ruling violations. Addressing senior management queries on exchange control matters. Providing support to staff for FINSURV and FIC-related queries What we're looking for:
Proven experience in FICA, AML, and Exchange Control compliance within the financial services sector, specifically within South Africa. Strong understanding of SARB regulations and reporting requirements (FINSURV). Excellent analytical skills with a keen eye for detail in transaction monitoring and data accuracy. Ability to manage multiple tasks, prioritize effectively, and work under regulatory timelines. Strong communication and interpersonal skills to liaise effectively with internal teams, external regulators (SARB), and customers. Experience with audit support and addressing findings. A proactive approach to identifying and resolving compliance issues
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Exchange Control Officer
We are looking for a dedicated and detail-oriented Exchange Control Officer to join our team in South Africa on a part time basis 3 days per week. This role is crucial in ensuring our compliance with the Financial Intelligence Centre Act (FICA) and the regulations of the South African Reserve Bank (SARB), supporting our commitment to secure and compliant financial services. If you thrive in a dynamic environment and have a strong understanding of financial regulations, this is an exciting opportunity to contribute to a vital function within a rapidly growing global company.
Key Responsibilities As an Exchange Control Officer, you will play a critical role in our compliance efforts, including:
FICA & SARB Compliance: Assisting with FICA investigations and informing staff on Anti-Money Laundering (AML) issues. Supporting transaction monitoring, with a focus on our Point-of-Sale (POS) system, and contributing to high-risk client vetting. Acting as a primary liaison with the South African Reserve Bank (SARB). Drafting and following up on Exchange Control applications. Investigating and responding to SARB queries and preparing regular correspondence (quarterly, semi-annually, annually). Supporting off-site and on-site inspections and addressing audit findings. Maintaining and updating the Exchange Control manual with new SARB directives. Overseeing and ensuring daily FINSURV reporting is accurate, timely, and compliant with regulatory timelines, including error resolution and balancing. Attending SARB meetings as required. Assisting in updating and maintaining the Risk Management and Compliance Program (RMCP) and other essential business manuals. Monitoring & Customer Management: Monitoring transactions for suspicious behavioral trends in line with SARB requirements. Conducting sanction screening reviews for potential client hits.
Training & Audits: Assisting with the development and maintenance of FICA and Exchange Control training material. Providing refresher training for all staff as required by FINSURV and FIC. Supporting FINSURV and FIC audits, including follow-up investigations and responses. Assisting with presentations to the SARB on relevant systems, processes, and products.
Operational Support: Supporting the business with FINSURV processes and procedures. Corresponding with individuals regarding Exchange Control ruling violations. Addressing senior management queries on exchange control matters. Providing support to staff for FINSURV and FIC-related queries What we're looking for:
Proven experience in FICA, AML, and Exchange Control compliance within the financial services sector, specifically within South Africa. Strong understanding of SARB regulations and reporting requirements (FINSURV). Excellent analytical skills with a keen eye for detail in transaction monitoring and data accuracy. Ability to manage multiple tasks, prioritize effectively, and work under regulatory timelines. Strong communication and interpersonal skills to liaise effectively with internal teams, external regulators (SARB), and customers. Experience with audit support and addressing findings. A proactive approach to identifying and resolving compliance issues