Johannesburg: Recon Analyst Foreign Exchange (6 month contract) – Banking posted by Isilumko Staffing

January 15, 2026 Jobs in Central Johannesburg

Job Description

About the Role

Isilumko Staffing is seeking a highly skilled Recon Analyst Foreign Exchange to join our team for a 6-month contract-based position in Johannesburg. As a key member of our Banking division, you will be responsible for controlling a portfolio of foreign currency, domestic and internal accounts, ensuring all statements are received and available on the reconciliation system, and performing daily reconciliation of the accounts.

Key Responsibilities

Control a portfolio of foreign currency, domestic and internal accounts.
Ensure that all statements have been received and that these are available on the reconciliation system.
Check that all data required to perform the reconciliation has been imported into all relevant reconciliation systems.
Perform daily reconciliation of the accounts.
Conduct a complete and thorough investigation of exceptions by identifying the source of the problem and querying the correct party and follow up on all exceptions to ensure these are cleared within agreed SLAs.
Have a thorough knowledge of all foreign currency and domestic trading products as well as a sound understanding of how the settlement systems for each of these products operate.
Regularly follow up to ensure exceptions are resolved with escalations to senior management and directors of the responsible business units where necessary.
Be alert of the possibility of fraudulent transactions and ensure that any suspicious items are brought to the attention of senior management immediately.
Manage risk and costs to contribute to the overall effectiveness of the Bank.
Action control reports and checklists daily to ensure that all compliance standards are met.

Requirements

3+ years of experience in foreign exchange or a related field.
Strong analytical skills with the ability to identify exceptions and investigate issues thoroughly.
Excellent communication and problem-solving skills.
Proficiency in Microsoft Office applications and reconciliation software.
Ability to work independently and as part of a team.

View Job Cape Town: IT & Finance Recruiter posted by Isilumko Staffing

Qualifications

Bachelor’s degree in Finance, Economics, or a related field is preferred but not required.

How to Apply

Click the green “Go Apply” button below to apply directly online with the employer.

About Banking Jobs in Gauteng

The banking industry in Gauteng, South Africa is a dynamic and growing sector, with a strong demand for skilled professionals. Typically, job seekers in this field can expect to find opportunities across various sectors, including financial services, technology, and manufacturing. Generally, the industry outlook remains positive, with a common expectation of steady growth and expansion.

When it comes to salary expectations, banking positions in Gauteng typically fall within broad ranges, often influenced by factors such as experience, company size, and industry sector. For instance, entry-level positions may start around R400 000 per annum, while senior roles can exceed R800 000. However, please note that these figures are approximate and can vary significantly depending on individual circumstances.

Common skills required for banking roles in Gauteng include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and interpersonal skills, and a solid understanding of regulatory requirements. Other essential skills often include technical expertise in areas such as accounting, risk management, or compliance. Additionally, many employers place a high value on emotional intelligence, creativity, and adaptability.

The banking industry is commonly found in sectors such as financial services, technology, manufacturing, and corporate finance. Financial services companies, for example, are often major players in the industry, while technology firms may require banking professionals with technical expertise. Manufacturing sector banks also exist, catering to the needs of specific industries.

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Career development opportunities abound in the banking industry, with many positions offering clear career progression paths. Typically, entry-level roles can lead to senior management positions or specialized fields such as risk management or compliance. Opportunities for professional development, training, and mentorship are often available within organizations, allowing professionals to build expertise and advance their careers.

This information provides general career guidance. Actual salaries and requirements vary by employer.

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