Exchange Control Analyst - SA

Requisition Details & Talent Acquisition Contact

REQ 127975- Tshego Semenya

Cluster

Group Risk

Career Stream

Regulatory Risk and Compliance

Leadership Pipeline

Manage Self: Technical

Position

Exchange Control Analyst - SA

Job Purpose

To analyse and interpret trends, best practice, regulatory risk reports and requirements, draft, maintain, monitor internal controls, policies, procedures and documentation associated with exchange control compliance and risk management to ensure regulatory standards across the Nedbank Group are met. Preparation of reports (ERCO, GRCMC, FCC, OPCOM, etc). Attendance of Excon related meeting with internal and external stakeholders.

Job Responsibilities

• Assess associated risks, benefit and value add of best practices and regulatory risk requirements to identify the impact on Nedbank, ensuring that Exchange Control risks are mitigated within service level agreements and timelines.
• Provide advice, input, and guidance to stakeholders, through analysis and interpretation of processes, policies, procedures, practices, frameworks, risk appetite and plans to ensure alignment to best practice, compliance, and regulatory risk requirements.
• Review and update of reports, processes, policies, procedures, practices, frameworks, risk appetite and plans.
• Internal and External stakeholder engagements associated with Exchange Control risk and compliance.
• Provide input into new and existing business products and processes through identifying and analysing associated risks related to Exchange Control to prevent risks.
• Provide input into projects, systems and initiatives through interpretation and application of local regulatory risk requirements and Nedbank Group regulatory risk standards.
• Liaise with stakeholders to fully understand expectations and/or requirements to update management and stakeholders on progress, best practice, regulatory risk requirements and ensure expectations are met.
• Maintain relationships with relevant stakeholders through formal and informal interaction to obtain applicable content and/or trends to provide advice to stakeholders.
• Interact with stakeholders to build and maintain mutually beneficial relationships.
• Draft and or maintain internal controls and or relevant documentation by sourcing and analysing relevant information to ensure best practice and regulatory risk requirements are met.
• Monitor identified risks and the implementation of internal controls by tracking and monitoring relevant information and documentation to ensure that compliance requirements are adhered to and corrective action taken.
• Follow up on identified risks and corrective action to be taken by stakeholders within specified time-frame through meetings and/or electronic medium to ensure that best practice and regulatory risk requirements are met.
• Obtain feedback and / or input from stakeholders on identified risks to ensure these risks are monitored through applicable governance forums and structures.
• Create awareness of and distribute new and or updated internal controls and documentation through formal and informal channels to ensure implementation, compliance, risk management and alignment by stakeholders.
• Analyse amended and or new legislation and or best practice through identification of impacts and or gap in existing internal controls and advise relevant stakeholders for updated to policies, processes, etc. to be affected and corrective action to be taken.
• Identify opportunities to improve business understanding and enhance knowledge by analysing, drafting, maintaining, and monitoring internal controls and documentation to add value and mitigate risks.
• Identify training courses and career progression for self through input and feedback from management to improve personal capability and to stay abreast of developments in field of expertise.
• Participate and support culture building and corporate social responsibility initiatives.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Finance, Commerce, Business

Minimum Experience Level

• 5-7 years experience in Regulatory Risk and Compliance management and/or Exchange Control

Type of Exposure

• Analysing situations or data
• Displaying high level of ethics, integrity and confidentiality
• Building and maintaining effective relationships with internal and external clients
• Communicating complex information
• Communicating complex written information
• Interacting with regulatory and industry bodies
• Providing guidance on exchange control rules; regulations and directives
• Report Writing
• Quality Orientation
• Professional Knowledge and Skills
• Planning and Organising
• Building Partnerships
• Initiating Action
• Continuous Learning

Technical / Professional Knowledge

• Business Acumen
• Industry trends
• Relevant regulatory knowledge
• Relevant Software and system Knowledge
• Stakeholder management
• Business writing skills
• Exchange control knowledge
• Governance Risks and Controls

Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566

Please contact the Nedbank Recruiting Team at +27 860 555 566