Job Description

Job Summary New opportunity - Foreign Exchange Specialist - 6 Month contract - Strong FX markets skills - Cross border payments, Balance of payment exposure etc. but very strong overall Foreign Exchange control skills/knowledge. For top tier banking / financial services company. Hybrid work model followed.Job Title: Foreign Exchange Specialist
Location: Sandton, Johannesburg, South Africa
Division: Treasury and Trade Solutions
Level: Mid to Senior Level
Role Overview:
We are seeking a highly skilled Foreign Exchange Specialist with strong FX market knowledge, in-depth understanding of cross-border payments, balance of payments (BoP) exposure, and advanced expertise in South African Exchange Control regulations. This role plays a critical part in ensuring regulatory compliance, supporting complex FX transactions, and advising on optimal structures for cross-border flows across client portfolios.
Key Responsibilities:

• Provide specialist input on foreign exchange transactions, cross-border flows, and exchange control regulations.
• Advise internal stakeholders and clients on FX controls, regulatory implications, and structuring of cross-border payments in compliance with SARB regulations.
• Support the execution of FX trades aligned to risk, liquidity, and client requirements.
• Ensure accurate interpretation and application of BoP reporting standards across relevant transactions.
• Engage with the South African Reserve Bank (SARB) when required, ensuring timely submission and resolution of complex exchange control queries.
• Collaborate with Global Markets, Legal, Treasury, and Operations teams to deliver seamless FX and payment solutions.
• Monitor regulatory developments and drive internal awareness and readiness for changes in the exchange control environment.
• Support audits, internal risk reviews, and compliance initiatives related to FX transactions.

Key Requirements:

• Strong working knowledge of FX markets and financial instruments.
• Deep understanding of South African Exchange Control regulations, including Circulars and the Currency & Exchanges Manual.
• Experience handling cross-border transactions and BoP classifications.
• Prior experience in banking, corporate treasury, or regulatory advisory with an FX or Exchange Control focus.
• Strong analytical, communication, and stakeholder engagement skills.
• Relevant degree in Finance, Economics, Law, or related field.
• Experience interacting with SARB and navigating FX approval processes is a strong advantage.

Contact me at the detail below should you wish to apply.Thank you,Theresa Steenkamp.
Key Account Manager - Network Contracting Solutions
tsteenkamp at networkcontracting c.o.z.a.Network ContractingRecruiter

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