Foreign Exchange Operations Specialist
2 days ago
The Recruitment Council seeks an accomplished Foreign Exchange Operations Specialist to manage the onboarding of new clients, settlement processes, and maintain accurate financial records within foreign exchange operations.
Key Responsibilities:
- Client Onboarding & Administration: Oversee the client onboarding process, ensuring compliance with regulatory requirements. Manage business mandates and agreements with authorized dealers and regulators.
- Transaction Settlements: Ensure timely and accurate settlement of foreign exchange transactions, including processing of Balance of Payment forms. Coordinate the sending of required documentation for transaction settlements and ensure correctness of client confirmations.
- Operational Support: Liaise with authorized dealers to resolve operational matters, facilitate exchange control applications, and assist with tax clearance processes. Manage reconciliations of bank and internal accounts.
- System & Data Management: Update and maintain internal systems (e.g., Tyrus) with client information, transaction records, and operational changes. Ensure accurate data capturing and reporting of foreign exchange statistics.
- Query Resolution: Address and follow up on any operational queries, ensuring that all issues are resolved efficiently and within set timelines.
- Profit Optimization: Contribute to optimizing profitability by quoting rates to suppliers and ensuring efficient execution of exchange transactions.
Required Skills & Competencies:
- Excellent administrative and organizational skills with a strong attention to detail.
- Ability to think conceptually and solve problems.
- High accuracy and precision in all tasks.
- Strong interpersonal and communication skills, with the ability to work collaboratively with internal teams.
- Proactive approach to managing tasks and anticipating needs.
- Strong adaptability and flexibility to handle changing priorities in a fast-paced environment.
Estimated Salary: $85,000 - $110,000 per annum
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