Manager

4 weeks ago


Johannesburg, South Africa CA Global Headhunters International Full time

**Job Description**:
Our banking client is currently seeking to employ a Manager - Forex to be based in Johannesburg, South Africa, reporting to the CFO. The incumbent will be responsible for establishing and growing our clients Forex Middle Office, through:

- Developing, establishing, and executing frameworks against the companies Forex Middle Office mandate and risk framework.
- Representing the bank in various forums where new regulations and reforms are debated by the market.
- Influencing the companies risk management strategy and policies, in so far as Forex is concerned.
- Developing policies and procedures for the business to enable the Bank to grow responsibly in the Forex Market.
- Growing and managing the Middle Office teams in line with operational and regulatory requirements in line with the vision of the Bank.

**Responsibilities**:
**FUNCTIONAL STRATEGY AND EXECUTION**
- Work with Divisional Executive: Business Bank Finance and Group Risk Officer and provide inputs towards the development of the Forex Middle Office strategy, business plan and budget (including metrics, and an operating model to ensure the optimal delivery).
- Remain up to date with advancements and developments, including technology, best practice, and legal/statutory requirements to optimise functional performance.
- Manage and control expenses and guide budgetary requirements when necessary.
- Develop, enhance and implement procedures for Forex internal processes to ensure the Group's strategic goals and objectives are ultimately met.

**FOREX RISK MANAGEMENT**
- Responsible for timely identification of potential risk, development of cost-effective controls, implementation and ongoing recommendations to monitor and manage Forex risk and ensure that it is escalated where necessary.
- Manage and oversee the measurement, monitoring and forecasting of Forex related risks including, but not limited to the impact on the Bank’s income of potential market price changes, settlement processes and risk processes relating to Forex intermediaries.
- Guide business analysis and oversee the implementation of technology-based solutions in Forex (not limited to the risk management function) and align the Forex risk management function to international best practice.
- Embed Forex risk management principles by analysing the existing processes and procedures using Risk Control Self-Assessment (RCSA) and Key Risk Indicators (KRI) in Forex to ensure that processes and procedures are effective, ultimately supporting and forming an intrinsic part of proper business planning and decision making.
- Identify and implement broad based risk related initiatives.

**EVALUATION - Assessment**
- Manage and guide the assessment of variances on all products per the system against the balance sheet on a daily basis and follow up with relevant parties to understand context and document this for purposes of preparing commentary.
- Manage and guide the assessment of day end position and level of liquid assets daily, and the identification of anomalies/variances. Follow up with relevant parties to ensure resolution and communicate outcomes to Finance, Risk and Group Forex.
- Ensure daily profit and loss verification and commentary is provided to Finance.
- Manage the execution of the dealer profitability assessment.
- Guide and oversee stress-testing and back-testing of Additional Monitoring Metrics on liquidity (“AMM”) and other Forex related assumptions.
- Ensure Forex activities (turnover, rolling trades, profitability, etc.) are being monitored.
- Responsible for daily forward exchange contracts margin management.
- Aggregate, validate and escalate normal and excessive exposures.
- Ensure the resolution of account executive and counterparty (intermediaries or clients) queries relating to margin policy /calculations.
- Manage the reconciliation of intermediary account balances with exposures covered and escalate shortfalls.
- Manage daily liquidity assessment against minimum regulatory and group requirements and communicate breaches, or near breaches, to the Divisional Executive: Forex, Finance, Risk and Treasurer.
- Manage and guide the Forex intermediary profit distributions, deal analysis and reconciliations.
- Investigate and identify trends for speculative trading, client behaviour and recommend controls to Front Office / Forex Operation.
- Collaborate with both the Divisional Executive: Forex and Divisional Executive: Finance to set measurement targets (including budgets) relating to the Forex Department.
- Liaise with Treasurer and Operational Risk to ensure processes and philosophies are aligned and rolled out / implemented in the Business Bank.
- Create and run simulations / scenarios to determine the effect of changes in the marketplace on the balance sheet and/or income statement.

**Monitoring**
- Manage the daily total net open position monitoring (CFC / FCA / FX / Nostro / Vostro etc.) and ensure any breaches are escalates immediately to



  • Johannesburg, South Africa Investment Manager firm Full time

    **Job Title: Head of Middle Office Operations** **Job Overview**: As the Head of Middle Office Operations at an Investment Manager firm, you will lead a critical function that serves as the linchpin between the front office Investment team, Institutional and Retail Client Services teams, System Development team, and the firm's outsourced Fund...


  • Johannesburg, Gauteng, South Africa Investment Manager firm Full time

    Job Title: Head of Middle Office OperationsJob Overview:As the Head of Middle Office Operations at an Investment Manager firm, you will lead a critical function that serves as the linchpin between the front office Investment team, Institutional and Retail Client Services teams, System Development team, and the firm's outsourced Fund Administration. Your role...


  • Johannesburg, South Africa Six Sense Full time

    Gauteng, JHB - Western Suburbs - Annually Cost To Company (Market related) A well-established business is seeking Problem Management Manager for a 12 month contract position Problem Managers focuses on reducing the reoccurrence of major incidents and the number of recurring incidents by Implementing and delivering standard methodology, problem management...


  • Johannesburg, South Africa Secondments Recruitment Full time

    **Job Advert Summary**: The primary purpose of this position is to establish, facilitate implement, maintain and where necessary improve quality management for all key audit business processes. The incumbent must ensure adherence, through monitoring and oversight, to quality management standards and processes in all key audit business products. **Minimum...


  • Johannesburg, Gauteng, South Africa South African Bankers Services Company Pty Ltd Full time

    Job Description:This role forms part of the Systems Operations and Management Team. Incident management is responsible for optimally managing the end-to-end life cycle of all Incidents affecting BankservAfrica Services and customers.The focus of this role is to follow incident management protocols and restore IT services to normal operations as quickly as...

  • Manager

    2 weeks ago


    Johannesburg, South Africa FullStop Recruitment Full time

    GRANTS MANAGER, PERMANENT, JOHANNESBURG The Incumbement will coordinate the grant management process ensuring compliance with established financial policies and sound business practises and to provide direct support to project managers and subrecipients. Grants Management Act as the liaison between Project Managers, Funders and other internal support...


  • Johannesburg, South Africa FirstRand Full time

    Job Description To perform daily administrative tasks relating to the management of technology-related hardware, maintain and synchronize the asset systems ensuring data integrity adhering to the signed off processes of asset management in transferring, disposing and adding as documented and signed off by Risk - Resolve warehouse escalations and support. -...

  • IT Manager

    3 weeks ago


    Johannesburg, South Africa Primedia Recruiter Full time

    Key purpose of the role IT manager plays a crucial role in ensuring that the organization's IT infrastructure supports the business objectives effectively and efficiently. The IT Manager oversee the planning, implementation, and maintenance of an organization's information technology systems and infrastructure. Key outputs/accountability **IT strategic...

  • IT Manager

    5 days ago


    Johannesburg, South Africa Ingenious Personnel Full time

    **Key Responsibilities include**: - Network and Systems Management - IT Infrastructure Management - IT Applications - Security and Risk Management - Incident and Problem Management - Vendor and Service Provider Management - IT Operations Strategy and Planning - Budget Management - People Management - Ad Hoc **Must have qualifications**: - Minimum 10 years...

  • Manager

    4 weeks ago


    Johannesburg, South Africa Transnet Full time

    **_ Equity Statement :Preference will be given to suitably qualified Applicants who are members of the_** **_designated groups in line with the Employment Equity Plan and Targets of the Organisation/Operating_** **_Division._** **_ Alternative Application Methods: (Completed Curriculum Vitae to be submitted)_** Post: E-mail: Fax: before the closing date of...

  • Manager

    2 weeks ago


    Johannesburg, Gauteng, South Africa FullStop Recruitment Full time

    GRANTS MANAGER, PERMANENT, JOHANNESBURGThe Incumbement will coordinate the grant management process ensuring compliance with established financial policies and sound business practises and to provide direct support to project managers and subrecipients.Grants ManagementAct as the liaison between Project Managers, Funders and other internal support...

  • IT Risk Manager

    4 weeks ago


    Johannesburg, South Africa Elite Search and Selection Full time

    Gauteng, JHB - Northern Suburbs - R 75 000 - R 85 000 Monthly Cost To Company- Role: IT Risk Manager / IT Manager Location: Sandton, Johannesburg Our client is a leader in the fast-growing and in-demand data, analytics and technology services market, delivering credible, unique and cutting-edge insights and solutions through their integrated fields of...


  • Johannesburg, South Africa Elite Search Full time

    **Requirements**: - Postgraduate Qualification - Bachelors degree or higher diploma with qualifications in computer science, electrical engineering, telecommunication engineering, information technology and related fields. - Certificates, Licenses, Registrations: ITIL, Prince2 - ITIL & eTOM understanding - Process Mapping Methodology - 8+ years experience...


  • Johannesburg, Gauteng, South Africa Secondments Recruitment Full time

    Job Advert Summary:The primary purpose of this position is to establish, facilitate implement, maintain and where necessary improve quality management for all key audit business processes. The incumbent must ensure adherence, through monitoring and oversight, to quality management standards and processes in all key audit business products.Minimum...

  • IT Manager

    2 weeks ago


    Johannesburg, Gauteng, South Africa West Coast Personnel Full time

    Published May 30, 202 Location Westrand, Johannesburg, South Africa Category Technology Job Type Fulltime Salary Type Monthly SalaryDescription:The IT Technical Manager is responsible for managing and providing 3rd party IT Support Services to external clients and managing the internal team of IT Technicians.The IT Technical Manager serves as the link...


  • Johannesburg, Gauteng, South Africa FirstRand Full time

    Job DescriptionTo perform daily administrative tasks relating to the management of technology-related hardware, maintain and synchronize the asset systems ensuring data integrity adhering to the signed off processes of asset management in transferring, disposing and adding as documented and signed off by Risk Resolve warehouse escalations and support....

  • IT Manager

    2 weeks ago


    Johannesburg, Gauteng, South Africa Ingenious Personnel Full time

    Key Responsibilities include: Network and Systems Management IT Infrastructure Management IT Applications Security and Risk Management Incident and Problem Management Vendor and Service Provider Management IT Operations Strategy and Planning Budget Management People Management Ad HocMust have qualifications: Minimum 10 years Information Technology industry...

  • IT Manager

    4 weeks ago


    Johannesburg, South Africa Freedom Won (Pty) Ltd Full time

    The **IT Manager** will be responsible for overseeing and ensuring that computing systems and equipment are operating effectively and efficiently. The successful incumbent will demonstrate a detailed knowledge of the industrys best practices and evidence a professional track record of effective technical management, information analysis, and a thorough...

  • IT Manager

    2 weeks ago


    Johannesburg, Gauteng, South Africa Medecins Sans Frontieres South Africa Full time

    About MSF SADoctors Without Borders (MSF) is an independent international medical humanitarian organisation that delivers aid to people affected by armed conflict, epidemics, natural or man-made disasters, or to people that are excluded from access to health care. The organisation has health projects in more than 70 countries. MSF South Africa is located in...


  • Johannesburg, South Africa Six Sense Consulting Full time

    **QUALIFICATIONS**: - Minimum relevant tertiary qualification (diploma/degree) - ITIL certified or similar **EXPERIENCE**: - A minimum of 5 years experience in Problem management - Demonstrable customer management / service skills - Previous experience of working in a highly pressured environment - Strong written/verbal English communication skills - An...