Job Description

Empowering Africa's tomorrow, together...one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The Exchange Control Advisor serves as a key governance and advisory resource within the Group, responsible for ensuring compliance with Exchange Control Regulations as mandated by the Financial Surveillance Department (FinSurv) of the South African Reserve Bank (SARB). This role acts as a liaison between Absa and FinSurv, providing expert guidance on the interpretation and application of the Authorised Dealer Manual and related directives. The incumbent supports the retention of the Authorised Dealer licence and ensures that cross-border transactions are compliant, accurately reported, and reconciled.

Accountability: Exchange Control Advisory & Compliance OversightProvide expert advice on Exchange Control Regulations and ensure consistent application across the Group. Monitor and review cross-border transactions to ensure regulatory compliance. Submit applications and reports to FinSurv and maintain accurate reconciliation records. Act as the primary point of contact for FinSurv on Exchange Control matters.

Accountability: Governance & Risk ManagementImplement and maintain compliance methodologies to manage Exchange Control risk. Identify and escalate regulatory risks and non-compliance issues. Conduct Compliance Monitoring Reviews across business units. Ensure processes and procedures include adequate controls for Exchange Control compliance.

Accountability: Policy Development & Strategic SupportSupport the development and implementation of Exchange Control policies. Monitor regulatory changes and assess their impact on the Group. Assist in the integration of Exchange Control considerations into business strategies.

Accountability: Training & AwarenessFacilitate training and awareness sessions on Exchange Control Regulations. Provide guidance to internal stakeholders and support the development of foreign exchange products.

Accountability: Stakeholder EngagementMaintain strong relationships with FinSurv and other regulatory bodies. Collaborate with internal teams to ensure alignment and compliance. Influence and support strategic initiatives related to Exchange Control.

Preferred EducationBachelor s Degree in Banking, Finance, or related field -NQF Level 7 Compliance background advantages

Experience required:Minimum 5 to 10 years' experience in Exchange Control advisory or regulatory liaison. In-depth knowledge of South African Exchange Control Regulations and the Authorised Dealer Manual. Familiarity with cross-border payments and foreign exchange systems.

Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised