(825) Financial Markets Specialist - FMD

at  South African Reserve Bank

BRIEF DESCRIPTION

The main purpose of this position is to conduct foreign exchange transactions on behalf of the South African Reserve Bank’s (SARB) as well as providing analysis and interpretation of developments in the foreign exchange (FX) markets. Furthermore, this role also entails monitoring of FX markets and gathering of market information and market intelligence which serve as inputs towards various internal publications and presentations for Monetary Policy Committee (MPC) and the Financial Stability Committee (FSC) meetings.

DETAILED DESCRIPTION

The successful candidate will be responsible for the following key performance areas:

• Conduct foreign exchange trading operations, which include execution of FX transactions (spot, forwards and FX swaps).
• Quoting exchange rates for the Bank’s clients.
• Managing the working capital of the Bank, which involves investing FX funds in international money markets (cash management).
• Provides oversight and supervise the transactions of junior Financial Market Specialist.
• Provide analysis and interpretation of developments in FX markets.
• Monitoring of FX markets (on the desk) for purpose of gathering of market information and market intelligence.
• Reporting and presenting on FX markets developments in Departmental forums and other Departments in the Bank.
• Co-ordinates, consolidates and finalize regular market analysis reports.
• Make proposals towards the improvement of workflow and the application of processes or standard operating procedures and systems.
• Prepare periodic reports to enable managers/senior managers to provide oversight function on the deliverables of the South African Foreign Exchange Committee (SAFXC) and Global Foreign Exchange Committee (GFXC).
• Contribute to designing and reviewing of internal controls and, operating procedures as well as implementing governance frameworks that relate to Codes of conduct in the FX market.
• Contribute to the development and execution of strategic initiatives of the unit and the Financial Markets Department (FMD), including through involvement in strategic projects.
• Collaborate with other specialists within the SARB (business analysts, data management specialists and IT specialist) to enable the design and implementation of IT infrastructure for the FX operations business.
• Build and maintain relationships with stakeholders such as, but not limited to, local analysts, fund managers, strategists, and dealers for the gathering of market intelligence.
• Perform ad hoc tasks as required.

• Conduct foreign exchange trading operations, which include execution of FX transactions (spot, forwards and FX swaps).
• Quoting exchange rates for the Bank’s clients.
• Managing the working capital of the Bank, which involves investing FX funds in international money markets (cash management).
• Provides oversight and supervise the transactions of junior Financial Market Specialist.
• Provide analysis and interpretation of developments in FX markets.
• Monitoring of FX markets (on the desk) for purpose of gathering of market information and market intelligence.
• Reporting and presenting on FX markets developments in Departmental forums and other Departments in the Bank.
• Co-ordinates, consolidates and finalize regular market analysis reports.
• Make proposals towards the improvement of workflow and the application of processes or standard operating procedures and systems.
• Prepare periodic reports to enable managers/senior managers to provide oversight function on the deliverables of the South African Foreign Exchange Committee (SAFXC) and Global Foreign Exchange Committee (GFXC).
• Contribute to designing and reviewing of internal controls and, operating procedures as well as implementing governance frameworks that relate to Codes of conduct in the FX market.
• Contribute to the development and execution of strategic initiatives of the unit and the Financial Markets Department (FMD), including through involvement in strategic projects.
• Collaborate with other specialists within the SARB (business analysts, data management specialists and IT specialist) to enable the design and implementation of IT infrastructure for the FX operations business.
• Build and maintain relationships with stakeholders such as, but not limited to, local analysts, fund managers, strategists, and dealers for the gathering of market intelligence.
• Perform ad hoc tasks as required