About the position
Description/Synopsis:
Our client in Claremont, Cape Town, is seeking a meticulous and proactive Exchange Control Consultant Assistant to join their team. The role is responsible for ensuring all client foreign exchange transactions comply with South African Reserve Bank (SARB) Exchange Control regulations, acting as a key internal and external point of reference for Exchange Control matters. This position combines technical expertise, regulatory interpretation, client engagement, and process management to maintain the continuity and effectiveness of the Exchange Control function.
Minimum Requirements:
- Proactive ownership of the Exchange Control function, ensuring consistent performance through process documentation, planning, and collaboration.
- Attention to detail and high standards for compliance, documentation, and execution.
- Process-driven mindset with the ability to systematise repeatable workflows and embed best practices across the business.
- Strong problem-solving skills with a practical yet innovative approach to complex or novel Exchange Control scenarios.
- Effective communicator, able to simplify complex regulatory concepts for both clients and internal teams.
- Training and enablement orientation, focusing on uplifting team knowledge and confidence through structured learning and informal support.
- Stakeholder relationship management, including meetings with external SARB and banking partners, and internal departments.
Main Responsibilities:
- Regulatory Compliance & Oversight
- Stay up to date with all changes to SARB Exchange Control rulings, circulars, and banking partner interpretations.
- Interpret and communicate regulatory updates clearly and promptly to all affected teams.
- Ensure all foreign exchange transactions are reviewed and executed in line with applicable Exchange Control regulations.
- Client and Internal Advisory
- Provide clear, accurate guidance to clients and internal teams on Exchange Control matters.
- Handle complex or uncommon queries with a solutions-driven approach, escalating where necessary while maintaining ownership.
- Attend client meetings where Exchange Control expertise is required.
- SARB Applications and Partner Bank Liaison
- Prepare, submit, and track SARB applications and renewals via our authorised banking partners.
- Maintain a log of applications, outcomes, and timelines to monitor processing efficiency.
- Liaise with bank Exchange Control desks to resolve queries and negotiate interpretation differences.
- Internal Training
- Design and deliver regular training on Exchange Control for Dealing, Payments, Compliance, and other support teams.
- Ensure updated materials and process checklists are available and understood by relevant staff.
- Promote consistency in how common transactions are treated across the business (e.g., FDI, foreign allowances, BOP codes).
- Process Management & Continuity
- Document standard operating procedures (SOPs) and checklists for recurring processes and transactions.
- Identify and address gaps in coverage or controls to minimise reliance on a single point of failure.
- Set up workflows and automation tools (where feasible) to ensure continuity during planned or unplanned absence.
- Reporting & Oversight
- Assist in compiling audit trails and reports related to Exchange Control requirements.
- Flag regulatory risks or repeated transaction issues to leadership, with recommendations for resolution or escalation.
- Continuous Improvement
- Identify opportunities to improve the efficiency and effectiveness of the Exchange Control function.
- Collaborate with cross-functional teams to align Exchange Control processes with evolving business goals.
- Champion a culture of compliance, knowledge-sharing, and client-centric service.
Skills:
- Business awareness, understanding how Exchange Control considerations impact broader client outcomes and operational priorities.
- Resilient under pressure, able to juggle multiple priorities, respond to urgent queries, and maintain professionalism in client-facing settings.
- Continuous learner, staying up to date with regulatory changes and looking for opportunities to improve how the Exchange Control function adds value to the business.
Desired Skills:
- Client Care
- Communication
- Data Processing
- Solving Problems
- Stakeholder Management
- Training
About The Employer:
This is a fantastic opportunity to join a dynamic and growing team. If you are passionate about administration and eager to expand your skills, we encourage you to apply.For similar vacancies and more exciting opportunities, please keep visiting our website or follow us on LinkedIn.https://www.linkedin.com/company/kingsleyirons-recruitment/www.kingsleyirons.co.zaShould you meet the above minimum requirements, please submit your CV and a copy of your ID and Qualifications to [Email Address Removed] . Please quote the TITLE of this vacancy in the subject line of your email as reference. Our consultants will assess your suitability to the vacancy. Should you not receive a response within 2 weeks please consider your application unsuccessful, however we will retain your CV and details on our database in accordance with POPIA and will contact you in the near future should a suitable position become [URL Removed] have the option to “opt-out” and request us to delete your information at any time by sending a mail to admin (@) [URL Removed] / info (@) [URL Removed] you.
