Senior Exchange Control Consultant

Standard Chartered Bank; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading international bank in Johannesburg is seeking a Senior Exchange Control Consultant to ensure compliance with exchange control regulations and deliver exceptional client service. The role involves managing day-to-day exchange control activities and requires at least 5 years of experience in relevant fields. Candidates should have a strong understanding of Exchange Control regulations and excellent communication and interpersonal skills.

Qualifications

• Relevant managerial/advisory experience (at least 5 years).
• Sound knowledge of SWIFT Message Standards and Cash Management Operation processing systems.
• Ability to handle changing situations and environments.

Responsibilities

• Ensure compliance with exchange control regulations.
• Assist clients with exchange control queries and advice.
• Manage day-to-day exchange control activities and reporting.

Skills

Exchange Control regulations knowledge

Technical understanding of Transactional Banking Products

Communication skills

Interpersonal skills

Pressure handling ability

Education

University degree or equivalent

Tools

SWIFT Message Standards

Cash Management Operation processing systems

ISO20022

Standard Chartered Pay systems

Job description

Job Title: Senior Exchange Control Consultant

Job Location: Gauteng, Johannesburg
Deadline: August 29, 2025

Job Summary

The Exchange Control Team is responsible for adhering to all regulatory processes to maintain our Authorized Dealer’s License and deliver exceptional client service. This includes proactively identifying and implementing compliance activities across Standard Chartered Bank Branches, supporting Banking and Service Delivery Divisions to manage operational risks, and ensuring transactions align with current rules and regulations. The team also handles well-motivated applications to the South Africa Reserve Bank (SARB), systematic filing of transaction reports, and administration of the loan reporting system. Key tasks include drawing and processing various transaction reports, responding to SARB inspections, reconciling the Exchange Control mailbox daily, and logging activities in AOM to ensure timely and effective exchange control compliance.

Key Responsibilities

• The Exchange Control Team is dedicated to ensuring compliance with exchange control regulations and providing excellent client service. Key responsibilities include proactively following up with clients on expired exchange control applications, assisting clients with exchange control queries and advice through meetings, telecom conversations, or mail. The team also manages and updates the generic mailbox, ensuring timely follow-up on SARB applications.
• By fulfilling these responsibilities, the Exchange Control Team ensures robust exchange control compliance, operational efficiency, and adherence to regulatory standards, thereby safeguarding the bank's financial and reputational integrity.

Client Follow-Up & Assistance

• Follow up with clients on expired exchange control applications a month before expiry using a standard spreadsheet.
• Assist clients with exchange control queries or advice through meetings, telecom, or mail.
• Manage and update the generic mailbox for SARB applications.

Information Management

• Load pertinent information to the share drive for team benefit and update it monthly.
• Escalate adverse service impacts for Platinum / Hyper care clients as per guidelines.

Strategy & Business Compliance

• Ensure exchange control transactions are vetted with Balance of Payments (BOP) categories and reported per regulations within processing times.
• Maintain operational BOP system and related systems.
• Ensure integrity of data submitted to SARB via reporting systems.
• Submit regulatory reporting requirements for Cash Threshold Report (CTR) and International Funds Transfer (IFTR) as per procedures.
• Manage day-to-day exchange control activities, including pre- and post-vetting and various reporting requirements (CTR, IFTR, BOPCUS).
• Governance is maintained through awareness and understanding of regulatory frameworks such as PASA, SARB, and FIC, ensuring compliance. The team governs hubbed activities at the Global Business Centre (GBS), delivers effective governance, challenges stakeholders effectively, and collaborates with local regulators in an open manner.

Skills, Qualifications, and Experience

• University degree or equivalent.
• Relevant managerial / advisory experience (at least 5 years).
• Strong understanding of Exchange Control regulations as well as reporting requirements.
• Strong technical understanding of Transactional Banking Products (at least 5 years).
• Sound knowledge of SWIFT Message Standards and Cash Management Operation processing systems, especially ISO20022 and Standard Chartered Pay systems.
• Ability to handle pressure and run meetings effectively.
• Quality management and interpersonal skills with the ability to engage and work with others.
• High degree of responsibility, integrity, and discretion.
• High level of control consciousness.
• Ability to handle changing situations, environments, and markets.
• Excellent communication capability (written and spoken).
• Ability to work within a multi-function, multi-discipline team environment with strong influencing and stakeholder management skills.
• Accounting / Financial Services jobs experience preferred.