Job category: Analysis and Economic Research
Contract: Permanent
Remuneration: Market Related
EE position: Yes
Introduction
To maintain the integrity of existing indices, while contributing to the ongoing development of new indices through ongoing research, resulting in cutting edge offerings to index users to ensure clients base decisions on accurate information and JSE client service is maintained at a high level to build and maintain JSE reputation and integrity.
Results Delivery
- Play a leading role in drawing up a team business plan for complex tasks as well as plans for longer periods (1 year and 3 year)
- Identify weaknesses in all existing index processes, including data, operational and analytic processes
- Provide specialist guidance to staff who need to escalate issues of complexity and assist with the work of the more junior roles if required
- Build an independent opinion on client and broader market needs, problems, opportunities and possibilities for implementation by acting on this opinion (e.g. recommends approaches which are new and different from those requested by the clients) contributing to the sustained relevance of the index service from the JSE
Stakeholder Relationship Management
- Build strategic JSE / Industry/ Global network of thought leaders and relationships, attending and presenting at conferences and training interventions
- Effectively communicate and educate clients at all levels (phone calls, emails and client visits) on index related concepts; interpreting and resolving index queries
- Maintain a positive relationship with clients by managing conflictive situations diplomatically, but firmly; strive for client satisfaction without compromising standards
- Ensure good vendor relationships by interacting and collaborating with third party data suppliers and partners (such as FTSE and other internal divisions) in a proficient manner
Process Management
- Ensure the FTSE/JSE End of Day Process is completed accurately by ensuring that all relevant end of day files from FTSE are received; verifying the structure and completeness of all received files; checking that all pre-agreed index changes are applied correctly
- Perform the valuations of all JSE-administrated indices by validating input data, calculating the index metrics and testing the reasonability of the result
- Verify end of day data products
- Have a professional understanding of all Bond Market operational processes to be able to drive resolutions in the event of process failure
- Determine and implement corrective action when any aspect of the Bond Market processes does not function correctly
- Ensure that timelines are adhered to by abiding to Bond Market processes SLA times contracted with clients
- Ensure the continuous accuracy of index inputs and published index metrics in protection of JSE reputation by conducting calculations independently
- Ensure that the data and information overseen by the team meets the measure of reasonableness and is finely checked post production and distribution focusing on timelines and data quality standards
- Analyse data discrepancies by understanding the various data inputs and their interactions as well as the necessary formulas and identify and take necessary steps to resolve issues
- Drive out process optimisation and enhancement, with the emphasis on providing improved results at a lower cost
- Maintain an in-depth understanding of the Index landscape, including knowledge of index users’ business, products and services offered by global index providers and local competitors
- Understand the importance of accurate indices to the capital markets and maintain this knowledge through continuous self-learning and interaction with market participants
- Demonstrate a detailed knowledge of the JSE index rules by knowing which rules to apply in specific situations
- Independently perform the free float review for JSE listed companies
- Identify upcoming corporate actions and determine the appropriate impact on the indices
- Play a meaningful and leading role in the Index Rebalance
- Take responsibility for the end-to-end index rebalancing process by supervising and mentoring junior colleagues
- Provide direction and training to junior colleagues
- Create insightful research papers by producing research outputs that meet independent Advisory Committee standards
- Identify opportunities to refine existing products and develop innovative new index products
- Contribute to implementation of product developments by creating development plans a year or more in advance
- Assist with the division of divisional action plans into smaller, allocable tasks
- Demonstrate professional conduct, concern for customers and a sense of urgency in dealing with them
- Take responsibility and have a complete view of the JSE structure
- Assist junior staff in the resolution of queries they are handling
- Independently present an overview of index related information to groups of people or clients
- Take a leading role in routine client meetings
- Provide data to the media within the parameters of JSE policies
- Assist in the preparation of brochures and marketing material
- Provide input and content to website layout and structure
Self-Management
- Improve personal capability and professional growth relating to field of expertise
- Keep abreast of changes in legislation or standards
- Upskill team and other professionals by sharing knowledge and research results
- Epitomise living the JSE values, displaying professional conduct
Transformation and Innovation Contribution
- Analyse, research, develop and implement improvement/innovative ideas
- BCom in Econometrics, Economy of Mathematics, Finance, Investments
- Honours in Mathematics, Investments, Finance, Financial Modelling, Econometrics
- 3 years in financial markets
Knowledge and Skills required
- Intermediate software applications (Outlook, Word, Excel, Access, Internet, Email)
- Divisional service offerings
- Business continuity standard
- Business principles
- Data analysis
- Decision-making process
- Challenging the status quo with a view to improving the environment
- Giving presentations
- Identifying trends
- Establishing and maintaining collaborative relationships
- Adapting behaviour to meet major changes at work
- Building and maintaining effective relationships with internal and external stakeholders
- Evaluating resource allocation
- Networking and building relationships
- Communicating complex information orally
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