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FirstRand Bank

Banking, corporate finance, and insurance group

Foreign Exchange Product House Lead

Product ManagementPosted on Nov 12
Full-timeEzulwini, EswatiniNo salary listedIn-person

About the Job

Requirements

  • A postgraduate degree in Finance, Economics, Accounting, Business Science, or a related field is required.
  • A Master's degree in Finance, Economics, Financial Markets, or Risk Management is advantageous.
  • An ACI Dealing Certificate or ACI Operations Certificate, CFA Level II or full CFA, or Exchange Control or Regulatory accreditation is advantageous.

Responsibilities

  • Define and execute the group-wide FX product strategy aligned to Markets and client strategy.
  • Own the complete FX product lifecycle, including design, enhancement, governance, rationalisation, and pricing.
  • Oversee Spot, Forwards, Swaps, FX Options and structured products where applicable, and cross-border payment and hedging solutions.
  • Lead digital innovation initiatives, including client-facing FX platforms, automation, and self-service capabilities.
  • Partner with relevant stakeholders to embed FX solutions into segment strategies.
  • Support complex institutional transactions, hedging strategies, and bespoke structuring.
  • Ensure differentiated value propositions across segments.
  • Act as the senior FX subject matter expert in strategic client engagements.
  • Own FX P&L, pricing frameworks, and margin optimisation.
  • Drive revenue growth through wallet share expansion, new client penetration, and cross-sell with Trade, Cash Management, and Lending.
  • Monitor market trends, competitor behaviour, and client usage to inform revenue strategies.
  • Ensure compliance with exchange control, market risk, liquidity risk, conduct standards, and suitability requirements.
  • Lead or contribute to product, pricing, and risk committees.
  • Partner with Risk, Compliance, Treasury, and Legal to ensure robust controls, governance frameworks, and regulatory readiness across all FX segments.
  • Maintain strict oversight of retail FX compliance and safeguards.
  • Lead and develop product managers, FX specialists, and support teams within the FX Product House.
  • Build a high-performance, client-centric culture focused on risk discipline, accountability, and innovation.
  • Represent the bank in regulatory meetings, industry forums, and market-related engagements.

About the Company

FirstRand Bank

Banking, corporate finance, and insurance group

FirstRand Bank is a large South African financial services group that combines three main divisions: FNB, RMB, and Momentum. FNB handles retail and commercial banking, RMB focuses on corporate and investment banking, and Momentum provides insurance. The company’s product lineup spans everyday banking and lending for individuals, corporate and investment banking services for businesses, and life and other insurance products. It differentiates itself by operating as a confederation of specialized divisions under one group, allowing each unit to focus on its core strengths while sharing the group’s financial backing. The goal is to deliver a broad, integrated set of financial services for retail customers, businesses, and insurers across the country and beyond.

Company size
1,001-5,000
Company stage
IPO
Headquarters
Johannesburg, South Africa
Founded
1838

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