BDC Consultant-Standard Bank

Standard Bank is the largest bank in Africa and our highly visible brand, award-winning service, and strong global presence helps us maintain our market-leading position. We place huge value on the talent of our people to drive our continued success, and to support our plans for growth. We now need a talented and resourceful individual to help us fulfill our business objectives and build customer loyalty.

Job Purpose
To provide a quality foreign exchange transaction, information and sales/purchases product application service to customers.
To understand the risks associated with the handling of cash and maintain effective controls to manage these risks.
To maintain a high level of integrity and ethical standards.
Key Responsibilities/Accountabilities

Traveller’s cheques, foreign notes and drafts
Processes applications according to laid-down procedures as stipulated in the Group Reference Guide (GRG).
Refers all transactions exceeding laid-down limits to the Manager (Branch) for authorisation.
Supplies traveller’s cheques and foreign notes to the customer, ensuring that the sales advice and all traveller’s cheques are signed in his/her presence.
Purchases cheques and notes according to laid-down procedures as stipulated in GRG.
Ensures that encashment limits are adhered to.

Orders foreign notes and traveller’s cheques, when necessary.
Ensures that an adequate stock of drafts, traveller’s cheques and foreign notes are held and controlled according to laid down procedures as stipulated on GRG.
Ensures that stocks of drafts, traveller’s cheques and foreign notes are maintained within prescribed limits and cleared when necessary.
Attends to counting and locking away of new stock of traveller’s cheques, foreign notes and drafts received according to laid-down procedures as stipulated in the GRG.
Ensure adequate stocks of drafts, traveller’s cheques and foreign notes are held and controlled in terms of standing instructions.

Ensure that stocks of drafts, traveller’s cheques and foreign notes are maintained within prescribed limits and cleared when necessary.
Attend to counting and locking away of new stock of traveller’s cheques, foreign notes and drafts received according to laid-down instructions.
Processes applications according to laid-down procedures as stipulated in GRG.
Advises customers of stale drafts.
Stops payment of drafts according to laid-down procedures according to laid down procedures as stipulated in GRG.
Recovers charges for stop payment.
Applies for purchase against sale cover.
Issues replacement drafts or credit customers, as required.

Bills
Processes and deposits bills received according to laid-down procedure, if bill was authorised by Credit Direct.
Processes cheques according to laid-down procedures as stipulated in GRG.
Processes clearance vouchers on the Electronic Interbank Payment Function to local banks that have presented the cheques to Standard Bank of South Africa for payment.

Cover Applications
Processes Cover applications according to laid down procedures as stipulated by GRG.
Refers transactions exceeding cover limits to the supervisor for authorisation.
Refers telephonic requests for cover rate or cover quotes to the supervisor.

Accounts
Processes Foreign Currency Accounts (FCA) applications and open/close accounts according to laid-down procedures as stipulated by GRG.
Processes customer instructions for foreign exchange withdrawals according to laid-down procedures as stipulated by GRG.
Ensures that laid-down limits and Excon regulations are adhered to.
Processes applications according to laid-down procedures as stipulated in GRG.
Advises customers that additional foreign bank charges may be deducted.
Refers customer queries regarding funds expected but not yet received to the Inward Teletransmission Centre and trade-related queries to the International Business Centre.
Handles all Electronic Funds Transfer (EFT) requests immediately upon receipt according to laid-down policies and procedures as stipulated in GRG. (If applicable to position.

Preferred Qualification and Experience
Matric
2 – 3 Years Branch foreign exchange banking experience.
Extensive foreign exchange experience is crucial.
Institute of Bankers or related qualification would be an advantage
FAIS/RE05

Knowledge/Technical Skills/Expertise
Understanding of the basic interdependencies of international financial monetary systems, and the impact of exchange rates and EXCON regulations.
Knowledge of the Retail Forex and New deliver system (NDS) systems.
Detailed knowledge and understanding of retail and commercial exchange control rulings.
Working knowledge of retail and commercial foreign exchange products required for understanding the context of stated customer needs.
Comprehensive knowledge of foreign travel products and related banking procedures.
Ability to apply accounting principles when calculating interest (local and foreign banks) and exchange rates.
Awareness of the general procedures and the interdependencies of the various functions performed in the branch.
Knowledge of the Code of Banking Practice.
Knowledge of Managing Local Market sales principles.
Understanding and support of the bank’s multi-channel environment.


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