Experience

Mercantile Bank

• Financial Services
• 200 - 300 Employee

• Exchange Control Manager

  • Jul 2014 - Present



Standard Bank Group

• South Africa
• Financial Services
• 700 & Above Employee

• Manager - Exchange Control Compliance

  • Feb 2009 - Jun 2014

  - Oversee Exchange Control compliance by the Corporate and Investment Banking of the Standard Bank of South Africa (CIB). - Oversee the Balance of Payments reporting by CIB. - Handle all Exchange Control related investigations. - Manage a team of 7 people dealing with Exchange Control compliance within CIB. - Assist the Reserve Bank in conducting investigation for non-compliance with their Rules and Regulation. - Advise various CIB Business Units on all Exchange Control related matters.- Undertake regular audits on identified high risk areas identified from time to time, including but limited to Exchange Control compliance for all products (Inward Telegraphic Transfer, Outward Telegraphic Transfer, Borrowing abroad by residents i.e. Foreign Loans, Foreign Bills, Letters of credit, Imports, Exports, Foreign Guarantees, etc).



The South African Reserve Bank

• Exchange Control Officer

  • Feb 2005 - Feb 2009

  - Deal with application relating to portfolio investments by various institutional clients (e.g. Retirement Funds, Investment Managers, and Collective Investment Schemes). - Deal with applications by offshore companies wishing to inward list on the Johannesburg Stock Exchange and Bond Exchange South Africa.- Prepare weekly and quarterly stats for management and National Treasury.- Analyse financial statements of South African corporates which have offshore subsidiaries to determine the profitability of the offshore investment. - Perform Inspections at various institutional investors and commercial banks to assess their compliance to the Rules and Regulations. - Liaise with the Financial Services Board with regard to the registration of various Institutional investors.- Assess and make decisions on requests from various commercial banks regarding transfer of cross border funds. - Deal with and approve various applications for the transfer of currency abroad by various Authorised Dealers.