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

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.

Job requirements

To be considered for this position, candidates must be in possession of: 

• an Honours degree (NQF8) in Economics or Finance or an equivalent combination of qualifications in the required field and job-related experience; and
• at least five to eight years’ work experience in specialist role in the financial markets and market analysis environment.
• ACI Dealing Certificate.

The following will be an added advantage:

• a Chartered Financial Analyst (CFA) qualification; and
• Sound knowledge of financial market regulations.