Absa Group
Exchange Control Officer
4 days agoWhat's your preference?
Job Description
- Req#: R-15975820
Review and approve Terms of Commitment (TCs) in compliance with regulatory requirements
Monitor and follow up on the regularisation of outstanding TCs
Prepare daily, monthly, and ad hoc reports to the Central Bank
Provide technical guidance on Exchange Control to internal business units
Ensure proper documentation and classification of all cross-border transactions
Identify risks, escalate anomalies, and support risk mitigation initiatives
Liaise with auditors and the regulator as needed
Participate in automation and process improvement efforts
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
Responsible for the monitoring, validation, and approval of Terms of Commitment (TCs) in accordance with Exchange Control regulations issued by the Central Bank. The role ensures regulatory compliance for cross-border transactions, timely submission of regulatory reports, and effective support to internal business units. The position contributes to a stable control environment, enhanced client service, and process efficiency through automation.Job Description
The Exchange Control Officer – TCs Monitoring and Approval is accountable for ensuring that all cross-border transactions processed by the bank are compliant with the Exchange Control framework established by the Central Bank of Mozambique. The primary responsibilities include the validation and approval of Terms of Commitment (TCs), daily monitoring of outstanding cases, and regularisation follow-up to avoid non-compliance.
This role also provides advisory support to Retail and Corporate Banking business units, prepares regulatory reports, and supports internal and external audits. The officer is expected to uphold high standards of control and documentation, contribute to automation initiatives, and identify opportunities for operational efficiency and cost reduction.
Key Responsibilities:
Education
Higher Certificates and Advanced National (Vocational) Certificates: Business, Commerce and Management Studies (Required)About the company
Absa Group Limited, and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well a...
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