Foreign Exchange Specialist

University Of Fort Hare; Gauteng; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player is on the lookout for a detail-oriented Foreign Exchange Control & Cross-Border Payments Specialist. This pivotal role involves managing FX operations, ensuring compliance with exchange control regulations, and overseeing balance of payments reporting. You will act as a subject matter expert, liaising with various internal teams to ensure adherence to both local and international FX regulations. If you possess strong skills in foreign exchange control and are passionate about compliance and regulatory frameworks, this opportunity is perfect for you.

Qualifications

• Experience in FOREX, regulatory, and balance of payments.
• Strong knowledge of foreign exchange control policies.

Responsibilities

• Manage and process all cross-border payments according to regulations.
• Ensure accurate and timely completion of Balance of Payments reporting.

Skills

Foreign Exchange Control

Cross-Border Payments

Balance of Payments Reporting

Regulatory Compliance

Documentation Review

Education

3-year tertiary qualification in IT

3-year tertiary qualification in Mathematics

3-year tertiary qualification in Informatics

Job description

Overview

We are seeking an experienced and detail-oriented Foreign Exchange (FX) Control & Cross-Border Payments Specialist to manage and oversee all activities related to FX operations, exchange control compliance, and balance of payments reporting.

Key Responsibilities

1. Manage and process all cross-border payments in accordance with the exchange control regulations.
2. Ensure accurate and timely completion of Balance of Payments (BoP) reporting.
3. Act as a subject matter expert on foreign exchange control policies, regulatory changes, and operational procedures.
4. Liaise with internal teams (Finance, Legal, Compliance, Treasury) to ensure adherence to local and international FX regulations.
5. Review and verify documentation for inward and outward foreign currency transfers.
6. Conduct periodic audits and reconciliations of FX transactions and cross-border settlements.
7. Maintain up-to-date knowledge of exchange control circulars, rulings, and policy updates issued.
8. Support strategic initiatives including FX hedging, risk mitigation, and foreign currency funding activities.
9. Resolve queries from regulators and internal stakeholders regarding FX-related transactions and compliance.
10. Provide training and guidance on FX processes and regulatory obligations to relevant business units.

Requirements

• 3-year tertiary qualifications in IT, Mathematics, or Informatics.
• Experience in FOREX, regulatory, and balance of payments.
• Strong FX markets skills - Cross border payments, Balance of payment exposure, with very strong foreign exchange control skills / knowledge.