Title:  Senior: Forex Dealer (D3)

Job Classification

1x Senior Forex Dealer (D3)

Reporting to Head: Treasury

Closing Date: 06 November 2026

Career Stream

Treasury

Job Purpose

To generate profit from foreign exchange (FX) turnover from flows received from the FX sales desk and high volume clients while managing liquidity and funding that supports the FX sales desk in order to achieve Nedbank’s strategic objectives.

Job Responsibilities

• Achieve revenue targets by analyzing FX markets to determine trends and opportunities and by demonstrating understanding of Global Market products through provision of solutions in line with client requirement.
• In-depth knowledge of Treasury products, as well as regulatory and compliance requirements in order to accurately advise clients and ensure both the client and bank fully comply with all laws and regulations e.g. AML and Exchange Control.
• Grow market share by seeking opportunities to cross-sell Global Market and Global Trade products and services. 
• Assist relationship managers in building and maintaining the bank's client portfolio.
• Keep corporate clients aware of market conditions, activities, and other changes in the FX market as and when required.
• Assist in providing solutions to corporate clients in the scope of current market conditions and expectations to add value to the client's business.
• Manage the banks’ FX exposure limits, maintain all positions within predetermined limits by clearing these excess/short positions on the interbank market as soon as relevant limits dictate.
• Generate revenue from dealing/funding and trading activities within the defined portfolio. 
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Job Responsibilities Continue

• Manage operating risks at targeted levels by ensuring compliance with internal and external controls; regulatory and governance requirements as well as ACI Code of Conduct.  (ACI- Governing Body)
• Report all operational issues that result in loss/profit or reputational damage through submission of incident reports.
• Continuous liaison and co-operation with Back and Middle office to ensure proper reconciliation of daily positions, effective settlements, and all associated risks are competently managed.
• Contribute to foreign exchange sales strategy development by making recommendations.

• Identify training courses and career progression for self through input and feedback from management.
• Uplift the skills of the funding and liquidity team by mentoring and training others.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g., operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

People Specification

(Previously Disadvantaged Candidates are encouraged to apply)

Valid Police Clearance

Preferred Qualification

B. Comm. Degree or equivalent

Essential Certifications

Minimum Experience Level

• 8-10 years' experience in money markets within a dealing room environment, including sound knowledge of interest rate hedging, derivatives, and fixed income products.
• Proven experience in a Global Markets environment, with exposure to foreign exchange, interest rate products, derivatives, commodities, and related financial instruments.
• Demonstrated understanding of credit risk, market/trading risk, and operational risk management principles.
• Valid driver's licence and willingness to travel as required.
• Proficient in Microsoft Office applications, particularly Word, Excel, and PowerPoint.

Technical / Professional Knowledge

Behavioural Competencies