Job Summary:
Job Responsibilities:
- Monitor and assist with the daily settlement process.
- Investigate and resolve queries reported by the settlement agent.
- Calculate and verify daily settlement funding requirements.
- Manage and report short positions accurately and on time.
- Prepare and process cash receipts, payments, and journals.
- Reconcile bank accounts daily and resolve nostro outstanding items.
- Perform control reconciliations, including stock/cash positions.
- Support the transaction life cycle, identifying risks and implementing controls.
- Liaise with stakeholders for timely and accurate transaction processing.
- Capture trades in corporate systems and ensure correct risk system capture.
- Identify and execute process improvements and support key initiatives.
Required Qualifications, Capabilities, and Skills
- 5+ years of relevant market experience.
- Proficient Excel skills.
- Strong analytical and numerical skills.
- Good communication skills, both written and verbal.
- Ability to interact effectively with clients, custodians, and settlement authorities.
- Ability to develop and maintain sound working relationships with other areas in the bank.
- Ability to prioritize and coordinate workflows effectively.
- Ability to work well under pressure.
- Attention to detail with a high level of accuracy.
Preferred Qualifications, Capabilities, and Skills:
- B. Comm or similar qualification preferred.
- Qualified JSE Settlement Officer is an advantage.
- Thorough understanding of the trade lifecycle and market conventions for Fixed Income and Money Market products.
- Understanding of international/cross-border Bond settlements via Euroclear is advantageous.
- Cash Management experience is an advantage.
- Good understanding of South African Financial Markets products.
Key Personality Traits:
- Self-starter and self-motivated with initiative.
- Strong team player.
- Innovative.
- Ability to work under pressure.
- Deadline/control oriented.
- Hardworking and fast learner with strength of character.
- Enthusiastic.
- Assumes ownership.
- Client-oriented.
- Leadership qualities.
- Accountable.