Administrator: FOREIGN EXCHANGE

Duties & Responsibilities

PURPOSE OF JOB

Responsible for forex dealing - spots options and forwards, transaction-based advice, market related information, money market solutions, onboarding and settlements.

KEY RELATIONS

SARB, Authorised dealers, key clients and other preferred suppliers and internal business units.

Desired Experience & Qualification

QUALIFICATION AND EXPERIENCE

RE Examination.

5 years’ experience in an admin environment

COMPUTER COMPETENCY REQUIREMENTS

Outlook Packages

COMPETENCIES

•Excellent Admin skills

•Conceptual thinking skills

•Interpersonal understanding

•High accuracy

•Proactive

KNOWLEDGE

•Knowledge of FX and treasury operations.

•Understanding of FX settlements and banking processes.

PERSONAL CHARACTERISTICS

•Client and service oriented

•Intellectual maturity

•Affable Character

•Integrity

•Adaptable and flexible to change

•Detail orientated

Existing clients

•Execute and administer authorised foreign exchange transactions, including Spot and Forward Exchange Contracts (FECs) and FX options in accordance with client mandate and approved dealing limits

➢Obtain and verify client instructions and ensure all required approvals are in place prior to dealing.

➢Obtain competitive FX rates from approved banking counterparties and execute transactions within authorised parameters.

➢Record and capture all FX deals accurately, including currency, amount, rate, value date, counterparty and settlement details.

➢Issue and verify deal confirmations and ensure transactions are correctly reflected in the relevant treasury systems.

➢Monitor FEC maturities, outstanding positions and settlement requirements.

➢Coordinate the settlement of Spot and FEC transactions and follow up on any exceptions or discrepancies.

➢Maintain complete supporting documentation and an audit trail for all transactions.

•Coordinate the settlement of Spot and FEC transactions and follow up on any exceptions or discrepancies.

•Maintain complete supporting documentation and an audit trail for all transactions

•Ensure all dealing activity complies with client mandates, internal controls, counterparty limits and applicable regulatory requirements

•Communicate market related information

Transaction based advice

•Escalate transactions outside authorised limits, unusual activity, pricing discrepancies or other exceptions to the appropriate Treasury Manager

•Send timeous documentation to banks to settle transactions

•Follow up on queries

•Update of systems, data capturing

•Management of cash management systems

•Processing: Balance of payment forms

Client on-boarding

•Oversee the on boarding of new clients

•Oversee the updating of existing clients’ records

•Correspond with clients re their accounts, balances and payments

•Correspond with authorised dealers re new clients and changes to existing clients.

•Update and manage business mandates and agreements for all clients, authorised dealers and regulators

•Management information Systems, statistics relating to clients (new, dormant etc)

•Update and manage business mandates and agreements for all clients, authorised d dealers and regulators.

•Update internal systems with client records and changes i.e. Tyrus

Settlements

•Prepare and administer FX settlement instructions.

•Verify banking and beneficiary details in accordance with approved controls.

•Monitor settlement dates and payment cut-offs.

•Follow up on failed delayed or rejected settlements.

•Liaise with banks, brokers and clients to resolve settlement issues.

•Ensuring Exchange Control compliance (correctly classified, captured and reported)

Dealing

Execute and administer authorised foreign exchange transactions, including Spot and Forward Exchange Contracts (FECs) and FX options, in accordance with client mandates and approved dealing limits

➢Obtain and verify client instructions and ensure all required approvals are in place prior to dealing

➢Obtain competitive FX rates from approved banking counterparties and execute transactions within authorised parameters.

➢Advice clients on favourable rates for relevant trades/ business activities

Package & Remuneration

32 000