Exchange Control Analyst - Johannesburg, South Africa - Nedbank

Nedbank

Verified Company

Johannesburg, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Requisition Details & Talent Acquisition Contact

REQ 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.

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.
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 timeframe 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 57 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