Head : Exchange Control

Capitec Bank Ltd.; Gauteng; On-site; ZAR 700,000 - 1,200,000; Full time

Job summary

A leading bank in South Africa is looking for an experienced professional to provide strategic direction within treasury and foreign exchange operations. This senior role involves ensuring compliance with exchange control regulations, managing teams, and developing strategic plans. Candidates should possess over 10 years of experience in the banking sector, with a strong understanding of international payment methodologies and regulatory frameworks.

Qualifications

• 10+ years of senior-level experience in banking and finance.
• Deep knowledge of South African Exchange Control regulations.
• Ability to interpret complex regulations.

Responsibilities

• Provide strategic direction to treasury and payment products.
• Monitor changes in exchange control laws and ensure compliance.
• Contribute to the bank's strategic plans.

Skills

Communication

Interpersonal skills

Leadership

Relationship management

Education

Bachelor's Degree in Banking, Economics, or Management Sciences

Honours Degree in the same fields

Job description

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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry.

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Job Responsibilities:

• Provide strategic direction to treasury, international banking, and payment products within the Exchange Control environment.
• Monitor and interpret changes in exchange control laws, assess impacts, and ensure compliance with SARB regulations.
• Contribute to the development and execution of the bank's strategic plans, integrating exchange control considerations.

Experience (Minimum):

• 10+ years of senior-level experience in Foreign Exchange, Exchange Control, Nostro Management, Derivatives, ISDA, Payments, and SWIFT.
• Proven leadership in managing exchange controls operations and teams.
• Deep knowledge of South African Exchange Control regulations and international best practices.
• Ability to interpret complex regulations and provide practical solutions.
• Excellent communication and stakeholder management skills.
• Experience advising on offshore acquisitions, Treasury functions, and Large Language Models.

Ideal Qualifications:

• Legal and compliance background (preferred).
• Bachelor's Degree in Banking, Economics, or Management Sciences (minimum).
• Honours Degree in the same fields (preferred).

Knowledge (Minimum):

• Familiarity with international payment methodologies and industry forums.
• Understanding of banking compliance frameworks (PASA, SARB FICA).
• Knowledge of Foreign Exchange systems and the Exchange Control landscape.
• Insight into client experience and commercial banking.

Skills:

• Strong communication and interpersonal skills.
• Leadership and relationship management abilities.

Conditions of Employment:

• Clear criminal and credit record.

Capitec is committed to diversity and supports employment equity. We are an authorized financial services provider (FSP) and registered credit provider (NCRCP13).