Specialist: Derivatives Clearing (Contract)

Isilumko Staffing • Contract • Johannesburg, Gauteng, South Africa • 3w ago

Job Description:

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 as described in more detail below.

Key Responsibilities:

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
On boarding 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 qualification: National Diploma in Financial Markets
Preferred qualification: Degree in Business Commerce Business Management or Economics or relevant qualification

Other Preferred qualifications, certifications or professional memberships

South African Institute of Financial Markets (SAIFM)
Introduction to Financial Markets Regulation and Ethics of South African Financial Markets
The Derivatives Market
The Equity Market
The Bond Market
The South African Foreign Exchange Market
The South African Money Markets
Agricultural Products Dealers Exam Internal Training

Experience:

Corporate Banking (Transactional Products and Services) 3-4 years’ experience in Financial Markets and/or Derivatives Markets
Risk Management (Transactional Products and Services)1-2 years’ experience in understanding client exposures and ensuring risk mitigants are adequately applied, failing which appropriate action required to manage collateral deficits

Preferred Experience:

Corporate Banking, 3-4 years in relative market experience specific to derivative markets offered by the JSE, general understanding and operationally driven

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