LEC - Exchange Control Officer

at  JPMorganChase

Johannesburg, Gauteng 2196, South Africa -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate23 Dec, 2024Not Specified25 Sep, 20245 year(s) or aboveControl Environment,External Clients,Client Centric,Risk Compliance,Communication Skills,Financial Markets,OwnershipNoNo
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Description:

JOB SUMMARY

As an Exchange Control Specialist in the Finance Team in Johannesburg, you will be responsible for but not limited to submission of Exchange Control applications to the SARB and transaction vetting functions ensuring full compliance with Exchange Control. The monitoring of accurate and timely reporting of all relevant items on the FinSurv Reporting System.. To keep abreast of current Regulation and provide input into any new business initiatives from an Exchange Control perspective.

REQUIRED QUALIFICATIONS, CAPABILITIES, AND SKILLS

  • 5 - 7 years + previous experience working directly with Exchange Control matters
  • A working knowledge and strong theoretical understanding of Exchange Control Regulations and Rulings
  • A good understanding of the South African financial markets and the obligations of an Authorised Dealer
  • A thorough understanding of the Business and Technical Specifications documents regarding the Cross-Border Transaction Reporting System
  • Ability to develop and maintain sound working relationships at all levels, with both internal and external clients
  • Ability to prioritise and work well within a highly pressurised team
  • Attention to detail and a high level of accuracy
  • Good communication skills - both written and verbal
  • A thorough understanding of what constitutes a sound operations control environment
  • Ensure risk compliance in respect of regulatory and statutory requirements
  • Ability to provide assistance to the Exchange Control Officer in their absence

PREFERRED QUALIFICATIONS, CAPABILITIES , AND SKILLS

  • BCom degree or relevant Financial qualification preferable
  • An accountable self-starter who deadline / control orientated
  • Handling of complex queries/complaints from clients and assumes ownership
  • Innovative – challenge assumptions
  • Client centric
  • Collaborative

ABOUT US

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Responsibilities:

  • Administering and coordinating quarterly Balance of Payments inspection
  • Performing Section K reporting: Monitoring that all NON resident accounts and CFC accounts are not overdrawn
  • Liaising with clients to ensure the submission and vetting of all necessary supporting documentation
  • Formulating/Submitting exchange control applications and following up on these with the Financial Surveillance Department
  • Liaising with Sales, Product, Reserve Bank and Clients on Exchange Control matters.
  • Submitting monthly and quarterly reports
  • Attending client meetings if required
  • Escalate problems for solution in terms of compliance and governance standards
  • Ensure that loans captured in terms of agreements.
  • Contribute towards the delivery of automation and industrialisation of Exchange Control reporting
  • Provide training to the internal stakeholders and clients (if required)
  • Resolve exceptional reporting and issues from SARB
  • Attendance of Authorised Dealer meetings organised by SARB


REQUIREMENT SUMMARY

Min:5.0Max:7.0 year(s)

Financial Services

Accounts / Finance / Tax / CS / Audit

Finance

Graduate

Proficient

1

Johannesburg, Gauteng 2196, South Africa