Job Description

:Exchange Control Senior AssociateStep into a pivotal role as an Exchange Control Senior Associate, where your expertise will drive governance and compliance in cross-border transactions. Be part of a diverse team that values your insights and contributions.Join a diverse and dynamic team as an Exchange Control Senior Associate, where you will play a crucial role in facilitating governance and monitoring cross-border transactions and non-resident asset ownership. This highly regulated position requires a deep understanding of the Exchange Control Regulatory Framework.Job Summary:As an Exchange Control Senior Associate within our dynamic team, you will play a crucial role in facilitating governance and monitoring cross-border transactions and non-resident asset ownership. Your core responsibilities will include submission of Exchange Control applications, transaction vetting, and compliance with Exchange Control regulations. You will also be responsible for monitoring accurate and timely reporting on the FinSurv Reporting System. Staying informed about current regulations and contributing to new business initiatives from an Exchange Control perspective is essential.Job Responsibilities:

• Administer and coordinate quarterly Balance of Payments inspections and perform Section K reporting to ensure non-resident and CFC accounts are not overdrawn.
• Liaise with clients for submission and vetting of supporting documentation and formulate and submit Exchange Control applications, following up with the Financial Surveillance Department.
• Collaborate with Sales, Product, Reserve Bank, and clients on Exchange Control matters, and submit monthly and quarterly reports.
• Attend client meetings and Authorized Dealer meetings organized by SARB as required.
• Escalate compliance and governance issues for resolution and ensure loans are captured in accordance with agreements.
• Contribute to the automation and industrialization of Exchange Control reporting.
• Provide training to internal stakeholders and clients as needed.
• Resolve exceptional reporting issues with SARB.

Required Qualifications, Capabilities, and Skills:

• Minimum 7+ years of direct experience with Exchange Control matters.
• Strong theoretical understanding and working knowledge of Exchange Control Regulations and Rulings.
• Good understanding of South African financial markets and the obligations of an Authorized Dealer.
• Thorough understanding of Business and Technical Specifications for the Cross-Border Transaction Reporting System.
• Ability to develop and maintain strong working relationships at all levels, both internally and externally.
• Ability to prioritize and perform well under pressure in a team environment.
• High attention to detail and accuracy.
• Excellent written and verbal communication skills.

Preferred Qualifications, Capabilities, and Skills:

• Experience with Nigerian exchange control would be advantageous.

About Us: J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world's most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our for more information about requesting an accommodation.About the Team: J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

JPMorgan Chase