Job Description

Empowering Africas tomorrow, togetherone 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 Are you passionate about finance and eager to make a significant impact in the world of Exchange Control? Do you thrive in a dynamic environment where your expertise can shine? If so, we have the perfect opportunity for you!Overall Job Purpose: As a Consultant: Exchange Control, you will be at the heart of our operations, ensuring seamless administration of Exchange Control in collaboration with the South African Reserve Bank (SARB). Your role will be pivotal in supporting various stakeholder units within ABSA and providing top-notch Exchange Control services through consultation and representation to SARB via Head Office Exchange Control.Key Accountabilities:Administer Exchange Control:

• Compliance Champion: Vet transactions for compliance with Exchange Control Regulations and specific SA Reserve Bank approvals.
• Detail-Oriented: Allocate correct FINSURV reporting categories and sections of the Currency and Exchanges Manual for transactions.
• Client Liaison: Engage with clients on Exchange Control matters and escalate transactions requiring SA Reserve Bank authorization.
• Account Management: Approve the opening of Customer Foreign Currency Accounts and ensure timely submission of Exchange Control Applications to HOEC.

Deliver First-Class Exchange Control Advisory Service:

• Customer Service Guru: Provide exceptional customer service and support to clients and internal stakeholders.
• Problem Solver: Apply your specialist knowledge to solve problems and continuously improve processes and product offerings.
• Relationship Builder: Build and maintain strong relationships with clients and internal stakeholders.

Risk and Compliance:

• Risk Aware: Stay alert to potential risks from customer transactions and ensure full compliance with ABSAs risk and compliance policies.
• Regulatory Expert: Keep informed of suspicious transactions and complete all required training.

Networking:

• Connector: Establish and maintain professional relationships with clients and internal stakeholders to ensure optimum service standards.

Self-Development:

• Lifelong Learner: Continuously update your knowledge of the Wholesale and Corporate Banking environment, processes, and products.
• Skill Enhancer: Pursue opportunities for further education and training to enhance your skills and knowledge.

Education and Experience Required:

• NQF Level 5: Grade 12
• Minimum 3 years of General Banking experience
• Minimum 1 year of Exchange Control / Forex experience

EducationHigher 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

Absa