Job category: Other: Banking, Finance, Insurance, Stockbroking
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
To execute and ensure clearing and settlement of transactions in centrally cleared instruments by monitoring and assisting members with the interpretation of regulation, policies and procedures to ensure that clearing and settlements take place and are aligned with the JSE Clear rules and regulations.
Results Delivery
- Apply cost effectiveness principles in everyday delivery to contribute to achievement of JSE Clear financial targets
- Provide input in the development of a post-trade service for the JSE Clear based on new, integrated vision for JSE Clear
- Examines materials, products, or work outputs for quality, accuracy, and completeness; responds quickly to correct quality problems
Stakeholder Relationship Management - Assist in clearing and settlement queries within the Derivatives Operations team
- Interact professionally with all internal and external stakeholders by being objective and fair in the approach to provide feedback and information regarding clearing and settlement of centrally cleared transactions
- Maintain a relationship of mutual respect with external and internal stakeholders by demonstrating informed consideration of issues to uphold the regulatory reputation of the JSE Clear
- Collaborate with internal stakeholders to enhance the efficiency of the systems to better the productivity of the clearing and settlement specialist
- Develop and sustain relationships with service provider/vendor/supplier administrative staff to facilitate the effective procurement to pay process with service providers/vendors/suppliers
Process Management - Manage own delivery against agreed deliverables and set timelines, identify obstacles to delivery and take appropriate action where required to ensure deadlines are met timeously
- Identify obstacles and major challenges through continuous evaluation of processes and standards in order to ensure effective operational alignment to strategic priorities
- Report on all clearing and settlement transactions daily to ensure that all issues have been identified and concluded so that all objectives are met
- Maintain a documentation management system so that references on all decisions made are accessible for clearing and settlement
- Make suggestions to change current processes which could enhance the effectiveness and efficiency of the clearing and settlement specialist's ability to achieve the goals and objectives of JSE Clear
- Communicate to members on clearing and settlement queries by providing correct information to them on the interpretation of clearing and settlement rules and regulations so that clearing, and settlements transactions take place within the required timeline
- Address all queries relating to clearing and settlements by analysing and researching the information provided in order to find solutions
- Escalate unresolved queries to senior management to ensure that all risk is mitigated and that market credibility for the JSE Clear is protected
- Manage the derivatives s clearing and settlement obligations of trading and Clearing members to ensure JSE Clear credibility in the market
- Ensure that appropriate procedures are implemented, and that necessary action is taken to facilitate the clearing and settlement of all transactions in centrally cleared instruments in accordance with the rules and directives to achieve the objectives of the JSE Clear
- Advise the trading and clearing members of any issue that may potentially impact on the clearing and settlement of the transactions to proactively act to ensure clearing and settlement
- Participate in testing of releases and enhancements on clearing solutions
Self-Management - Improve personal capability and professional growth in line with JSE Clear objectives by discussing development needs and proposed solutions with management
- Be an effective team member encouraging teamwork and freely sharing knowledge
- Visibly live the JSE values contributing to the achievement of divisional objectives
- Manage self in terms of development, delivery and act as a self-starter
Transformation and Innovation Contribution - Identify, share and implement value adding improvement/innovative ideas and solutions contributing to JSE Clear results
- Grade 12
- Certificate/Diploma in Financial Markets is preferred
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