Foreign Exchange Specialist

Eqplus Technologies Pty Ltd; Gauteng; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player is looking for a detail-oriented Foreign Exchange Control & Cross-Border Payments Specialist. This role involves managing FX operations, ensuring compliance with regulations, and overseeing balance of payments reporting. You will collaborate with various internal teams to maintain adherence to local and international FX regulations. Your expertise will be crucial in conducting audits, providing training, and supporting strategic initiatives. If you have a strong background in foreign exchange and regulatory compliance, this is an exciting opportunity to make a significant impact in a dynamic environment.

Qualifications

• 3 years experience in FOREX and regulatory compliance.
• Strong knowledge of FX operations and balance of payments.

Responsibilities

• Manage cross-border payments and ensure compliance with regulations.
• Conduct audits and reconciliations of FX transactions.

Skills

Foreign Exchange Operations

Regulatory Compliance

Balance of Payments Reporting

Cross-Border Payments

FX Market Knowledge

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 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 compliance, and balance of payments.
• Strong FX market skills—cross-border payments, balance of payment exposure, and extensive knowledge of foreign exchange control.

For More Information

Please contact Lufuno Ramarumo.