We have an exciting and challenging opportunity for a suitably qualified Corporate Foreign Exchange Trader to join CFAO Holdings South Africa's Treasury Department. This is a locally based permanent contract in Johannesburg South Africa.

PURPOSE OF THE JOB:

The Foreign Exchange Trader is responsible for buying and selling currencies on behalf of Subsidiaries & Head Office SA. They monitor market trends, monitor economic indicators, and execute trades to maximize profits and minimize risks. This role requires a deep understanding of global financial markets, strong analytical skills, and the ability to make quick decisions in a fast-paced environment

This role will also support with all aspects relating to foreign currency Management for all subsidiaries [Except CFAO Mobility]. It will ensure all Forex exposures are hedged & converted within minimal lead time. There will also be the management of interest impact & to ensure cash liquidity is available as and when required pertaining to Foreign Currency.

EXPERENTIAL AND EDUCATIONAL REQUIREMENTS

• Qualification: BCom / Banking degree / Treasury Diploma or Equivalent
• 10+ Years Bank and / or Corporate - Front and / or Middle office Treasury Experience
• Good understanding and knowledge of Economic Impacts, Domestic and foreign markets
• Intermediate Computer Literacy (MS Office, Excel a must and SAP)
• Banking electronic platforms (Corporate; SWIFT, TMS, SAP, Kyriba (a plus))

ESSENTIAL DUTIES AND RESPONSIBILITIES

DAILY PROCESSES

Foreign Currency Cash Management

• Daily reconciliation of Foreign Currency [CFC] bank accounts on Kyriba
• Update daily forecasting into Kyriba
• Management of liquidity for All subsidiaries [Except CMSA]
• Manage FX trading limits for All subsidiaries [Except CMSA]
• Hedging Foreign Currency requests
• Ensure daily rates are accurate and align in ERP's and sent to business accurately
• Ensure ED rates are updated and checked daily
• Manage daily Forex positions
• Ensure accurate import of open items daily into TMS system
• Ensure Exchange Control compliance on all hedging
  Bank Register Management (Each Deal has Pmnt / Extended / Surrender)
• Capture External FEC deals into TMS
  FEC Journal Posting (Validate)

Loans and CFC overdrafts

Update Foreign currency loans and overdrafts on Kyriba [Communicate completion with CCMD]

Domestic Cash Management

• Ensure funding for maturing Foreign exchange deals

AD-HOC PROCESSES

• Audit and PACI deliverables
• Update interest rates relating to CFC accounts
• Support with Treasury Management System and work together with Head of Treasury for System improvements
• Any other Ad-Hoc Treasury related duties
• Weekly feedback to Head of Treasury about all occurrences within the team
• Back-up for all Treasury team members
• Manage Banking platforms as and when required
• Update Dealing Mandates as and when required
• Electronic Platform Managment [Broadridge, TMS (New Users etc)

REPORTING REQUIREMENTS

• Complete all required reports on a weekly, monthly and quarterly basis as requested and specified by management

DAILY REPORTING

• Ensure updating of bank register maturing Foreign currency deals on Kyriba
  

MONTHLY REPORTING

• Compile and investigate information as required
• Check Month-end closing rates. Update schedules and submit to business
• Confirm month-end closing balances [Foreign Deposit & Borrowing]
• Reconcile, submit and recovery intercompany interest [Foreign loans]
• Check the reconciliation of FEC accounts [505901 / 10099999]
• Check the reconciliation MTM all Subsidiaries [Except CMSA] and Explanation
• Check the HFM MTM Reconciliation
• Check the reconciliation of Lead Days all Subsidiaries [Except CMSA] and Explanation
• Compile and analyse Month-End Position & Present monthly to teams
• Feedback on Position issues to Head of Treasury Monthly
• Check the reconciliation of Allocations of all Subsidiaries [Except CMSA] and Explanation
  

QUARTERLY REPORTING

• HFM reporting (Position, Spot [Foreign], loans [Foreign], Forex)