Exchange Control Consultant

KingsleyIrons Recruitment Services CC; Cape Town; On-site; ZAR 300,000 - 400,000; Full time

Job summary

A recruitment agency in Cape Town is seeking an Exchange Control Consultant Assistant to ensure compliance with SARB regulations. Responsibilities include advising clients, managing regulatory changes, and training internal teams. The ideal candidate will possess strong problem-solving skills and attention to detail, contributing to efficient Exchange Control processes.

Qualifications

• Proactive ownership of the Exchange Control function.
• High standards for compliance and documentation.
• Ability to systematise repeatable workflows.

Responsibilities

• Stay updated with SARB Exchange Control regulations.
• Provide guidance on Exchange Control matters.
• Prepare and track SARB applications.

Skills

Attention to detail

Strong problem-solving skills

Effective communication

Business awareness

Resilience under pressure

Job description

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

1. 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.