Analyst Trade And Forex

Bidvest Bank; Gauteng; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading financial institution is seeking an experienced financial management professional who understands the local and international banking industry regulations. The role involves providing trade solutions, improving customer experience, and ensuring compliance with all regulatory standards. Candidates should possess strong financial acumen, excellent communication skills, and a proven track record in credit management.

Qualifications

• Minimum of 3-5 years experience in financial management.
• Excellent understanding of local and international banking regulations.
• Ability to analyze financial statements and credit applications.

Responsibilities

• Provide and manage customer experience across trade solutions and payments.
• Monitor operational costs and ensure compliance with regulatory standards.
• Support and train staff on product knowledge and processes.

Skills

Financial acumen

Attention to detail

Communication skills

Resourcefulness

Proficient in banking systems

Proficient in Microsoft Office

Advanced Excel skills

Education

B Com or equivalent degree in Accounting, Finance, Economics

Job description

TECHNICAL COMPETENCY REQUIREMENT Good understanding of Local and International Banking Industry regulationsGood understanding of South African Reserve Bank regulations and rulingsExcellent financial acumen – the ability to understand, navigate, analyze a client's financial statementsExcellent financial acumen – the ability to understand, navigate, analyze a client's debtors, creditors, insurance, and other documents in support of a credit application.Ability to operate effectively under pressureAttention to detailGood communication skillsResourcefulProficient in all relevant banking systemsThe ability to make a difference and leave a lasting, value-added impact on a client's business.Work in a dynamic, collaborative, progressive, and high-performing teamProgressive thinkerDiligentMeticulous with credit applications, legal documents, client agreements on behalf of the Trade SalespersonProficient in Microsoft Office, with advanced Excel skillsAbility to identify weaknesses in the control environment and implement changeREQUIRED MINIMUM EDUCATION AND TRAINING B Com or equivalent degree (NQF 6) in Accounting, Finance, Economics, etc.

REQUIRED MINIMUM WORK EXPERIENCE 3 – 5 years

KEY PERFORMANCE AREAS (KPA) Financial ManagementProvide and manage a seamless customer experience across trade solutions, payments, and forex for clients.Contribute to overall budgets and business plans for Trade Solutions, Foreign exchange, and Payments.Manage and control efficiencies to prevent losses.Monitor and manage operational costs monthly.Customer CentricityProvide expert advice on trade finance applications.Improve supply chain and product functionality to enhance client experience.Manage trade pricing / concessions and address revenue leakages, aiming for increased share of wallet.Collaborate with operational teams for streamlined client onboarding based on "onboard once" principle.Ensure clients follow best practices in risk and operational procedures.Ensure client satisfaction through responsiveness and proactive service.Guide marketing to increase product awareness internally and externally.Drive process simplification.Operational ExcellenceEnsure compliance with all regulatory and internal requirements.Perform monthly reconciliations and support sales in achieving targets.Maintain relationships with other firms to support business growth.Stay updated on economic indicators and discuss impacts on clients.Evaluate clients for viability and risk, articulating these in credit applications.Ensure adherence to controls and regulatory standards.Maintain accurate reporting, including call reports, sales pipelines, and client events.Identify and address system or process weaknesses.People LeadershipSupport and train staff on product knowledge and processes.Provide regular training to build confidence and sales skills.Encourage continuous learning and career development.Support sales teams nationally as backup.Learning and GrowthFocus on personal development and exposure to growth opportunities.Provide staff training and development throughout the year.Foster an environment for applying new skills and knowledge.Encourage career advancement.This position is advertised in line with our commitment to Employment Equity.