A professional who maintains current record of bank's funds on deposit (position) in foreign banks. Responsibilities include:

• Records bank's balances on deposit in foreign banks, outstanding (future) 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.