Global Financial Services Company is looking for an experienced an experienced Head of our Foreign Exchange for their business. The role is based in Johannesburg and will pay up to R800 000 TCTC
Global Financial Services Company is looking for an experienced an experienced Head of our Foreign Exchange for their business. The role is based in Johannesburg and will pay up to R800 000 total cost to company.
The candidate must be fully qualified and experienced in the Foreign Exchange space.
Duties & Responsibilities
In this position, you will oversee the Foreign Exchange strategic operations and client services, along with managing the day to day operations for Foreign Exchange products.
Primary responsibilities include:
Responsible for sound internal controls and risk-assessment of operational policy and procedures for the Foreign Exchange department.
Develop and oversee the strategic plan, maintain adequate operational procedures and systems, ensure compliance with regulatory requirements as well as established bank procedures.
Act as point person for any system implementations or enhancements.
Work closely with the Director of Foreign Exchange and sales team; align sales needs and operational goals, and develop operating infrastructure and models for Foreign Exchange operations.
Support new products including implantation, testing, and product workflow.
Responsible for new product development and coordination with Cash Management in the review, testing and roll out of additional products.
Act as primary liaison with all regulatory agencies and internal/external audit.
Manage department staff; including employee relations, performance, attendance, recruitment and training. Responsible for employee development and retention.
Prepare reports and presentations for management and bank committees.
Reserve Bank regulations governing foreign exchange – inward and outwards
Import / Exports
Buying and selling of foreign currencies
Understanding and reconciliation of Nostro accounts
Supervising of all foreign exchange transactions
To be considered for this role, you must have the following qualifications:
Suitable tertiary qualification- (non-negotiable)
At least 10 years banking experience of which 5 years should be in a management capacity within the Foreign Exchange department.
Package & Remuneration
Salary:The role will pay up to R800 000 fixed CTC which includes benefits (pension + medical Aid)
This role is specifically fior candidates that have worked at a management level within Foreign exchange, if you do not meet this criteria then you will not be short listed for an interview. Due to the high volume of applications, we cannot respond to every candidate thus if you have not heard from us within 5 days then we regret to inform you that you were unsuccessful.