Exceptional opportunity for a dynamic Operations Specialist who has settlements experience. This role supports the dealing desks with local and global settlements, private client administration, and post-trade support activities. Preference for candidates who have written and passed JSE and RPE exams, but willing to consider candidates still pursuing these.
Responsibilities:
- Run settlement function of Equity, Derivative, and Bond Trades, following relevant exchange Rules and Directives.
- Verify implemented procedures and ensure the action settlement of all transactions follows relevant exchange Rules and Directives.
- Advise the relevant exchange of issues that may potentially impact the settlement of a transaction.
- Liaise with the Settlement Authority of the relevant exchange, ensuring efficient and timely settlement of all transactions.
- Check processing of journals, cash payments, and receipts.
- Reconcile Net Settlements schedules to Bank Statements and BDA.
- Solve external and internal queries relating to trades from brokers, clients, and custodians.
- Maintain solid client and stakeholder relationships, ensuring any issues are identified and resolved.
- Liaise with the trade support team to monitor daily post-trade settlements for international equity trades and escalate as necessary.
- Update metrics concerning settlements and post-trade activities.
- Check that trades are matched between client and stakeholder.
- Manage Trading Desk Allocations, including OMGEO uploads.
- Manage Private Client trading instructions and reporting with the trading desk.
- Compile incident reports.
- Manage and document business processes and Standard Operating Procedures.
- Liaise with the Compliance Officer to ensure compliance with legislation, Exchange Rules and Directives, and taxation.
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