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  • Posted: Oct 23, 2024
    Deadline: Not specified
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  • Capitec Bank is a South African commercial bank. As of February 2017 the bank was the third largest in South Africa with 120,000 customer opening new accounts per month. To simplify banking, we’ve developed an all-inclusive banking solution. Global One is the one solution that enables you to transact, save and access credit in realtime. We also believe in ...
    Read more about this company

     

    Specialist: Forex Middle Office

    About the role

    • You will be responsible for establishing and growing the Capitec Forex Middle Office by developing, implementing, and executing frameworks aligned with the Capitec Forex Middle Office mandate and risk framework. Your work will directly influence Capitec Bank’s risk management strategy and policies concerning Forex.
    • You will also be tasked with developing policies and procedures that enable the bank to grow responsibly in the Forex market.
    • Additionally, you will design and implement financial and operational controls within the Forex Middle Office in accordance with operational, regulatory requirements, and the bank's overall vision.

    About the Candidate

    • Degree in Finance; CFA, FRM or CA(SA) qualification preferred
    • 5 to 7 years’ Forex Middle Office experience, capable of independently running and establishing the function.
    • 5 to 7 years' experience in foreign exchange, commodities trading, or derivatives trading at one of the large traditional banks in SA.

    Knowledge

    • Accounting principles
    • Current Basel principles
    • Regulations aligned with the Banks Act
    • SARB (Prudential Authority) requirements
    • FSCA Market Conduct Standards 1, 2, and 3
    • Assets and liquidity management
    • IFRS accounting
    • Financial systems and procedures
    • Analytical and financial modeling methods
    • Basel III Standardized Approach
    • Regulation 43 reporting requirements (Capital Adequacy Ratio, Liquidity Coverage Ratio, Net Stable Funding Ratio)
    • Risk weighting of exposures in secured and unsecured loan industries
    • Managing third-party risk with intermediaries

    Check how your CV aligns with this job

    Method of Application

    Interested and qualified? Go to Capitec Bank on careers.capitecbank.co.za to apply

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