Foreign Exchange Position Clerk

Maintain current records of banks' funds on deposits in foreign banks.
picture of Foreign Exchange Position Clerk

Quick Stats


Outlook
Good

Salary Range
$21,000 – $51,000

Data from U.S. Department of Labor


What do Foreign Exchange Position Clerks do?

Maintains current record of bank’s funds on deposit in foreign banks: Records bank’s balances on deposit in foreign banks, outstanding purchase and sales contracts, and undelivered items, to maintain record, using computer. Lists totals in holdover register and posts net balances to daily position reports to determine new position. Reviews records to determine when balances need replenishing. Computes net balances and informs trading personnel. May compare current and previous balance sheets to eliminate double-posting to transactions and verification of limits. May assist trading personnel in preparing monthly revaluation of foreign currency accounts. May answer inquiries regarding foreign exchange trading regulations. May quote established conversion rates for bank branch staff and customers.


Should I be a Foreign Exchange Position Clerk?

You should have a certificate degree or higher and share these traits:
  • Team Player: You're able to listen, communicate, and work with tons of different people.
  • Logical Thinker: You take a step-by-step approach to analyze information and solve problems.
  • Detail Oriented: You pay close attention to all the little details.

  • Also known as: Expenditure-Requisition Clerk, Foreign-Collection Clerk, Position Clerk

    How to Become a
    Foreign Exchange Position Clerk

    Most Foreign Exchange Position Clerks have a Certificate or higher. Chart?chd=s:90tdaa&chl=no+college+%2838%25%29|certificate+%2832%25%29|associate%27s+%2812%25%29|bachelor%27s+%2818%25%29||&cht=p3&chs=466x180&chxr=0,38,38
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