Manager, Exchange Control Advisory

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

To lead strategic execution and risk management within the Exchange Control Advisory function, manage relationships with regulatory authorities and stakeholders, and provide expert guidance on complex exchange control matters.

Bachelor of Commerce Degree

 

Experience:

• 5-7 years solid experience in the provision of exchange control advice as well as leading people. Deep experience in Risk Mitigation within the Exchange Control environment.
• Sound experience in banking. In-depth knowledge of the Currency and Exchange Control Manual for Authorised Dealers (CEMAD); Technical and specifications documents regarding the Cross-Border Foreign Exchange Transaction Reporting System (CBFETRS); Business Management. Regulatory Developments on Blockchain and /or Central Bank Digital Currencies

Key Responsibilities:

• Assess the Clients' requests against the Currency and Exchanges Manual for Authorised Dealers ("CEMAD"), and where applicable, formal exchange control application must be submitted to the FinSurv, enclosing the supporting documentation and the relevant sections of the CEMAD to comply with the standards and/or requirements as expressed under Section A.3(B) of the CEMAD and conduct monthly reviews of the financial recoveries report to ensure adequate recoveries of fees. Ensure efficient cost allocation across the bank.
• Draft the training to be provided to clients (including but not limited to corporates, SMEs and NBFIs) to improve their understanding of Excon to ensure that they are aware of the rules/regulations/policies and comply accordingly and ensure that the response received on all regulatory submissions are communicated effectively to our clients with specific highlight of material conditions, where applicable and ensure that the client requests are closed out appropriately, and record keeping is properly maintained. Determine the best course of action on requests deferred/declined by the regulator on more than one occasion.
• Implement controls and process for the operations of the department. Provide on the job training, conduct review of exchange control standards on exchange control applications as well as advice provided to our clients to ensure quality service. Engage with internal stakeholders to ensure that client specific products are aligned to the exchange control requirements. Facilitate engagements with the FinSurv on behalf of our clients where necessary.
• Manage the achievement of objectives through effective leadership of the team, through reviewing the quality of work, providing feedback and promoting personal and professional development in order to build the overall capability of the team and drive improvements in performance. Staff members must ensure that their Personal Development Plans includes learning paths for Future Ready Skills.
• Provide guidance to team members across all Exchange Control related matters. Conduct regular monitoring and review of the standards of exchange control submissions to the regulator. Ensure that all meetings with the FinSurv are facilitated appropriately resourced members of Excon Advisory and other stakeholders involved in the transaction.

Behavioural Competencies:

• Strategic thinking and long-term planning.
• Strong interpersonal and communication skills.
• Decision-making and problem-solving abilities.
• Receptiveness to feedback and continuous improvement.
• Ability to build rapport and manage relationships effectively.

Technical Competencies:

• Exchange Control Expertise: Deep understanding of the Currency and Exchanges Manual for Authorised Dealers (CEMAD), and experience with regulatory submissions.
• Regulatory Knowledge: Advanced insight into financial industry regulations, including developments in blockchain and central bank digital currencies.
• Client & Product Knowledge: Strong grasp of client industries and banking products, especially in trading and transacting.
• Stakeholder Management: Ability to engage and influence internal and external stakeholders, including regulators.
• Project Management: Skilled in managing tasks and aligning strategic objectives with operational execution.