Exchange Control Consultant

Exchange Control Consultant

Exchange Control & Regulatory Compliance | Salary:
Market-related

Our client is a specialist foreign exchange and international payments provider operating within a tightly regulated South African financial services environment. They support clients with complex cross-border transactions while maintaining the highest standards of compliance and regulatory integrity.

The business places strong emphasis on expertise, process excellence, and client-centric service, offering an environment where regulatory specialists can play a central role in shaping best practice and operational resilience.

The Role: Exchange Control Consultant

This role is responsible for ensuring that all client-related foreign exchange transactions comply with South African Reserve Bank (SARB) Exchange Control regulations. You will act as the internal and external subject-matter expert on Exchange Control, providing regulatory guidance, facilitating SARB applications, training teams, and strengthening the continuity and effectiveness of the Exchange Control function through documentation and process improvement.

• Monitor and stay up to date with SARB Exchange Control rulings, circulars, and bank interpretations
• Interpret regulatory changes and communicate updates clearly to relevant internal teams
• Review foreign exchange transactions to ensure compliance with Exchange Control regulations
• Provide accurate, practical Exchange Control guidance to clients and internal stakeholders
• Manage complex or non-standard Exchange Control queries with a solution-oriented approach
• Attend client meetings where Exchange Control expertise is required
• Prepare, submit, and track SARB applications and renewals via authorised banking partners
• Maintain detailed logs of SARB applications, outcomes, and turnaround times
• Liaise with bank Exchange Control desks to resolve queries and interpretation differences
• Design and deliver regular Exchange Control training for dealing, payments, compliance, and support teams
• Develop and maintain training materials, SOPs, and transaction checklists
• Promote consistent treatment of common transaction types, including FDI, allowances, and BOP coding
• Document and standardise recurring Exchange Control processes and workflows
• Identify operational risks and reduce single-point-of-failure dependencies
• Assist with audit trails, regulatory reporting, and compliance reviews
• Flag regulatory risks and recurring issues to leadership with recommended actions
• Drive continuous improvement in the efficiency and effectiveness of the Exchange Control function

• Strong working knowledge of SARB Exchange Control regulations and application processes
• High attention to detail with a strong commitment to compliance and accuracy
• Proven ability to interpret complex regulations and apply them pragmatically
• Process-driven mindset with experience documenting SOPs and standardising workflows
• Strong problem-solving skills with a solutions-focused approach
• Clear and confident communicator, able to simplify regulatory concepts for diverse audiences
• Comfortable engaging with clients, banking partners, and senior internal stakeholders
• Experience delivering training or supporting knowledge uplift across teams
• Able to manage multiple priorities and perform under pressure
• Proactive self-starter who takes ownership of their functional area
• Continuous learner who stays current with regulatory developments
• Professional, composed, and client-focused in all interactions
• Relevant experience in Exchange Control, foreign exchange, banking, or financial services compliance
• A relevant finance, legal, or business qualification would be advantageous