Exchange Control Analyst - NAR

Nedbank; Sandton; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

Nedbank in South Africa seeks a dedicated risk and regulatory compliance professional to analyse trends, interpret regulatory requirements, and maintain internal controls across exchange control. You will review processes, advise on risk, and coordinate with stakeholders to ensure Nedbank meets regulatory standards.

The ideal candidate will bring 5–7 years of exchange control experience and at least 3 years in regulatory risk management, with strong governance and documentation skills.

Qualifications

• 5 - 7 years exchange control experience.
• 3 years regulatory risk management experience.
• Proven ability to interpret and apply regulatory requirements across processes and controls.

Responsibilities

• Assess risks and mitigations to ensure compliance within SLAs and timelines.
• Provide input to policies, processes and controls through analysis of regulatory risk requirements.
• Maintain internal controls and documentation to align with best practice and regulatory standards.
• Draft and update documentation and controls to reflect changes in legislation and regulatory expectations.
• Engage with stakeholders to communicate guidance, updates and action plans for risk mitigation.

Skills

Regulatory risk management

Exchange control knowledge

Stakeholder engagement

Policy interpretation

Education

Advanced Diplomas/National 1st Degrees

Job description

Requisition Details and Talent Acquisition Contact

Job Family

Risk, Audit and Compliance

Regulatory Compliance

Manage Self: Professional (MSP)

Job Purpose

To analyse and interpret trends, best practice, regulatory risk requirements and draft, maintain, monitor internal controls and documentation associated with exchange control compliance and risk management to ensure regulatory standards across the Nedbank Group are met.

Job Responsibilities

• Assess associated risks, benefit and value add of best practices and regulatory risk requirements to identify the impact on Nedbank, ensuring that risks are mitigated within service level agreements (SLA's) and timelines.
• Provide advice, input, and guidance to stakeholders, through analysis and interpretation of processes, policies, procedures, practices, frameworks, risk appetite and plans.
• Provide input into new and existing business products and processes through identifying and analysing associated risks related to Exchange Control to prevent risks.
• Provide input into projects, systems and initiatives through interpretation and application of local regulatory risk requirements and Nedbank Group regulatory risk standards.
• Ensure the mitigation of risks associated with Exchange Control.
• Provide clarification, advice, guidance, and assistance related to local regulatory risk requirements and Nedbank Group regulatory risk standards, to ensure mitigation of risks associated with Exchange Control.
• Liaise with stakeholders to fully understand expectations and/or requirements to update management and stakeholders on progress, best practice, regulatory risk requirements and ensure expectations are met.
• Engage with stakeholders to provide clarification, advice, guidance, and assistance related to best practices and regulatory risk requirements to ensure mitigation of risks associated with exchange control.
• Identify relevant stakeholders through assessing applicability of impact and the dissemination of policies, processes, procedures, practices, frameworks, risk appetite and plans to ensure alignment to best practice and regulatory risk requirements.
• Maintain relationships with relevant stakeholders through formal and informal interaction to obtain applicable content and/or trends to provide advice to stakeholders.
• Liaise with stakeholders to identify gaps, clarify discrepancies, and provide input and feedback based on trends, best practice and regulatory risk requirements to ensure risks are mitigated.
• Interact with stakeholders to build and maintain mutually beneficial relationships and to facilitate alignment of regulatory risk requirements and consideration of best practice.

Job Responsibilities Continue

• Draft and or maintain internal controls and or relevant documentation by sourcing and analysing relevant information to ensure best practice and regulatory risk requirements are met.
• Monitor identified risks and the implementation of internal controls by tracking and monitoring relevant information and documentation to ensure that compliance requirements are adhered to and corrective action taken.
• Follow up on identified risks and corrective action to be taken by stakeholders within specified time-frame through meetings and/or electronic medium to ensure that best practice and regulatory risk requirements are met.
• Obtain feedback and / or input from stakeholders on identified risks to ensure these risks are monitored through applicable governance forums and structures.
• Create awareness of and distribute new and or updated internal controls and documentation through formal and informal channels to ensure implementation, compliance, risk management and alignment by stakeholders.
• Analyse amended and or new legislation and or best practice through identification of impacts and or gap in existing internal controls and advise relevant stakeholders for updated to policies, processes, etc. to be affected and corrective action to be taken.
• Identify opportunities to improve business understanding and enhance knowledge by analysing, drafting, maintaining, and monitoring internal controls and documentation to add value and mitigate risks.
• Identify training courses and career progression for self through input and feedback from management to improve personal capability and to stay abreast of developments in field of expertise.
• Participate and support culture building and corporate social responsibility initiatives.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

Finance, Commerce, Business

Minimum Experience Level

• 5 - 7 years exchange control experience
• 3 years regulatory risk management experience

Technical / Professional Knowledge

• Relevant regulatory knowledge
• Industry trends
• Relevant software and systems knowledge
• Governance, risk and controls
• Exchange control knowledge
• Technical/Professional Knowledge and Skills
• Planning and Organizing
• Quality Orientation
• Communication
• Building Partnerships
• Initiating Action

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP16).