Main Functions of the Job
- Quote FX spot rates to retail, SME, and corporate clients
- FEC quotes, maturity management, swap transactions, facility management
- Oversee capturing of spot contracts and ensure FEC confirmations are sent out timeously
- Cash FX – risk management through hedging and covering strategy
- Market guidance – understand the impact of data releases and market events and convey them to clients in order for them to make more informed decisions
- Client consultations – accompany bankers on client visits to consult with clients on potential for growth in service utilisation and relationship management
- Manage external banking relationships – ABSA, Standard Bank, Standard Chartered Bank, Bank of New York Mellon
- Monitor Nostro account utilisation and ensure minimum required transaction values and volumes are met to avoid incurring monthly charges
- Inter franchise collaboration – coordinate meetings, target setting, and progress management with related Group banks. Develop and guide strategy implementation for trade growth
- Reporting – monthly reporting to exco via GM Central Ops, Risk Comm, Board reports
- Training – provide training to staff on forex products and services
- Participate in projects that involve/have any elements linked to FX liquidity or transactions
- Drive and manage enhancements in the FX product portfolio
Desired Experience & Qualification
Qualifications
- BComm or equivalent degree will be required in order to meet the requirements of the role
Preferred Experience
- 2-5 years banking experience
Knowledge
- MS office suite of products
- Rates booking system experience
- Understanding of Economic conditions and its related impacts
- Exchange control knowledge is an advantage
Package & Remuneration
R480 000.00 – R540 000.00
Interested?
A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.
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