Head: Exchange Control needed at Capitec Bank

Purpose Statement

• To provide strategic direction to all treasury, international banking and payment related products and systems within the Exchange Control environment.
• To monitor and assimilate changes in exchange control laws and regulations, assess the impact on Capitec Bank and be accountable for the implementation of the required/necessary amendments as well as ensuring compliance with all exchange control regulations and guidelines issued by the South African Reserve Bank (SARB) and any other regulatory authority.
• To influence and contribute towards the development and execution of the Bank’s strategic plans, ensuring that exchange control considerations are integrated into overall business strategies.

Experience
MINIMUM:

• 10+ years extensive senior level experience in Foreign Exchange, Exchange Control, Nostro Management, Derivatives, ISDA, Payments and SWIFT.
• Proven experience in a senior leadership role, driving results and with a track record of strategy and business plan development and successfully managing Exchange Controls operations and teams.
• In depth knowledge of South African Exchange Control regulations, including the Currency and Exchange Act and related guidelines issued by the SARB.
• International best practices in Exchange Control and regulatory compliance.
• Ability to interpret complex regulations and provide practical solutions.
• Excellent communication and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels.
• Experience in advisory for clients’ offshore acquisitions and with Treasury functions and instruments as well as Large Language Models.

IDEAL:

• Nice to have legal and compliance background. 

Qualifications (Minimum)

• Bachelor’s Degree in Banking or Economic and Management Sciences

Qualifications (Ideal or Preferred)

• Honours Degree in Banking or Economic and Management Sciences

Knowledge
MINIMUM:

• Familiar with Local / International payment and settlement methodologies and Industry Forums
• Knowledge of the compliance and regulatory framework within the banking sector (PASA, SARB FICA etc.)
• Knowledge on Foreign Exchange systems
• In-depth industry knowledge relating to the Exchange Control landscape.
• Negotiation techniques on client query resolution
• Insight on Client Experience 
• Business case development
• Commercial business knowledge and acumen
• Applying innovative and creative concepts into a practical foreign exchange environment.

Skills

• Communications Skills
• Decision making skills
• Interpersonal & Relationship management Skills
• Leadership Skills
• Influencing Skills

Conditions of Employment

• Clear criminal and credit record

Apply by:

• 01/06/2025