Job Overview
Business Segment: Corporate & Investment Banking
Location: ZA, Johannesburg
Job Type: Full-time
Job Ref ID: 80361830A-0001
Date Posted: 9/10/2024
Job Description
To monitor and manage the assigned solution(s) to achieve the solution plan (growth targets, performance indicators), enhance competitiveness and contribute to its growth.
Job Purpose
Our primary service offering to clients is to clear, settle and report on Exchange Traded Derivative contracts traded on the JSE platform. Derivatives Clearing Specialists are responsible for:
- Client service and query management
- Risk management
- Settlement of daily JSE margin calls
- Monitoring of client exposure against available funds
- Clearing and understanding of products across different markets:
- Commodity Derivatives
- Equity Derivatives
- Interest Rate and Currency Derivatives
Acceptance and allocation of derivative trades from interdealer brokers obo offshore clients Shift rotation according to different market closing times.
Operational duties:
- Process daily cash settlements and transfer instructions
- Engagement with clients and stakeholders
- Balancing the daily JSE derivatives clearing markets and electronic reporting.
- Reconciliation of daily trade data
- Position and deal management
- Onboarding of clients
- Reconcile internal Derivatives Clearing cash account (house account)
- Month end processes
- Attend and resolve client queries, requests and instructions
- Prepare payment for physical deliveries on commodity market and email notices to clients
Qualifications
Minimum Qualifications:
Type of Qualification: First Degree
Field of Study: Business Commerce
Experience Required:
3-4 years of Derivatives Clearing experience
3-4 years in Transaction Banking
3-4 years demonstrating understanding of single market trends and contributing to the identification and implementation of multiple market enhancing solutions.
3-4 years demonstrating knowledge of the macro landscape for the local market i.e. inflation/legislative impacts/triggers.
3-4 years with seasoned understanding of Transaction Banking and assigned solutioning area, and a basic understanding of the CIB business.
3-4 years working with and across teams to ensure that the client experience is realized.
Will be required to work shifts in line with the business requirements.
Additional Information
Behavioral Competencies:
Adopting Practical Approaches, Articulating Information, Checking Details, Embracing Change, Generating Ideas, Interpreting Data, Managing Tasks, Producing Output, Pursuing Goals, Seizing Opportunities, Showing Composure, Upholding Standards.
Technical Competencies:
Client Business Case, Market Analysis, Operational Planning, Product Development, Product Knowledge (Business Banking), Risk Management, Stakeholder Management.
Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or
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