One Recruitment Solutions - Foreign Exchange Officer

Cape Town 3 months ago Permanent Salary - Market Related

Foreign Exchange Officer

Cape Town
Date Created : 3 months ago
Job Type : Permanent
Salary : Market Related

Share this job

Responsibilities & Duties

  • Maintaining a record of the bank’s funds on deposit (position) in foreign banks
  • Monitoring outstanding (future) purchase and sales contracts
  • Listing cash totals in the holdover register, posting net balances to daily position reports and determining the revised position for the bank
  • Reviewing records to determine when balances need replenishing
  • Comparing current and previous balance sheets to eliminate double-posting to transactions and verification of limits
  • Assisting trading personnel with monthly revaluation of foreign currency accounts
  • Answering enquiries regarding foreign exchange trading regulations
  • Helping clients optimise their foreign exchange dealings
  • Managing the internal foreign exchange department and personnel
  • Advising clients and ensuring compliance with all regulatory requirements and the South African Reserve Bank stipulations


  • Minimum of 2 years’ experience in similar roles
  • Minimum Diploma in finance, accounting, risk, banking or business management