(307) Associate Financial Markets Specialist - FMD at South African Reserve Bank

Brief description

• The main purpose of this position is to conduct foreign exchange transactions and manage the foreign exchange working capital of the South African Reserve Bank (SARB). Furthermore, the incumbent will be expected to assist in gathering of market intelligence and to provide analysis and interpretation of foreign exchange developments with the objective of providing input towards various internal publications and presentations for Monetary Policy Committee (MPC) and Financial Stability Committee (FSC) meetings.

Detailed description

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

• Conduct and process foreign exchange transactions (spot, forward and swap transactions) on behalf of the SARB.
• Invest funds in global money markets and process these transactions.
• Evaluate risks of all transactions against applicable risk tolerance prior to execution.
• Quote exchange rates for the SARB clients.
• Monitor developments in the foreign exchange markets (on-the-desk monitoring) and produce regular market reports and contribute towards market intelligence.
• Conduct quantitative and qualitative analysis on foreign exchange markets, including operations.
• Build relationships with market counterparts in order to gather market information.
• Assist Financial Markets Specialists with committee administrative duties and ad hoc tasks, as required.
• Coordinate the collection of financial market data and maintain a database.
• Make proposals towards the improvement of workflows and the application of processes or standard operating procedures and systems. 
• Prepare briefings and presentations on operations and market analysis, and present in internal meetings. 

QUALIFICATIONS

To be considered for this position, candidates must have: 

• an Honours degree (NQF8) in Economics, Investment Management or Financial Management as a major subject or an equivalent qualification; and 
• at least three to five years’ work experience in foreign exchange trading, financial market analysis, and money and capital markets trading. 

Additional requirements include:

• an ACI Dealing Certificate and Registered Persons Examination (will be a strong recommendation);
• sound knowledge of financial markets;
• experience in producing high-frequency market analysis reports (daily, weekly and monthly reports);
• be a self-driven team player with initiative, and analytical and conceptual abilities;
• be proficient in English, both written and spoken;
• report-writing and presentation skills;
• show willingness to work irregular hours on an ad hoc basis;
• be proficient in the Microsoft (MS) Office suit, with a thorough knowledge of MS Excel; and 
• knowledge of Bloomberg and Reuters.