Securities Lending

4 months ago

Roodepoort, Gauteng, South Africa Nedbank Full time

Job Title

  • Securities Lending & Borrowing Administrator JR124376
    (6 months maternity cover contract)
  • Advert Closing Date 15 March 2023
  • Location
  • Lakeview Campus Phase I, Constantia Kloof, Roodepoort
  • Leadership Pipeline
  • Manage Self: Technical
    Job Purpose
  • Provide operational support for Securities Lending and Borrowing executed by Nedbank internal brokers. This includes operational risk management, ensuring processes and controls are maintained while providing exceptional service delivery to clients and counterparties.

Responsibilities:

  • Ensuring the accuracy of loans and returns and the smooth settlement thereof.
  • Adherence to processes and tight deadlines with regards to managing the settlement of trades related to loans and collateral trades.
  • Reconciling and reporting related to loan and collateral positions.
  • Investigate and resolve reconciliation breaks between systems or disputes in margin calls with counterparties.
  • Manage daily collateral movements to ensure the correct level of margin cover is in place at all times with all counterparties.
  • Ensure accurate payment and receipt instructions are sent to the payments department.
  • Run monthly interest payments on collateral, validating amounts and instructing payments and receipts to the payments department.
  • Run monthly fee billing and validate with each counterparty, resolve breaks and instruct payment and receipts to the payments department.
  • Monitor and execute corporate events as they relate to client loan or collateral positions.
  • Maintain existing controls, and implement new ones where required, to mitigate operational and reputational risk to Nedbank.
  • Ensure compliance to all relevant policies and procedures.
  • Maintain client trust through service excellence, positive client experience and brand alignment.
  • Participate in system projects including the testing sign off prior to implementation of system upgrades
  • Look for opportunities to digitize and automate processes.


 Essential Qualifications
  • NQF Level
  • Advanced Diplomas/National 1st Degrees


 Preferred Qualification
  • Bachelor's of Commerce in Financial Management, Economics or Investment Management
  • Minimum Experience Level
  • Minimum of 3 years of experience in settlements, securities lending or borrowing and collateral management
  • Minimum of 5 years senior admin level experience in financial services industry
  • Attention to detail (Essential)
  • Business Comminucation Skills (Essential)
  • Equity and Bond Settlement knowledge and experience (Advantage)
  • Securities Lending & Borrowing experience (Advantage)

Technical / Professional Knowledge

  • Administrative procedures and systems
  • Banking procedures
  • Business terms and definitions
  • Business writing
  • Cluster specific operations
  • Data analysis
  • Governance, Risk and Controls
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge


 Behavioural Competencies
  • Adaptability
  • Communication
  • Collaborating
  • Customer Focus
  • Decision Making
  • Managing Work

People Specification
- **_Please contact the Nedbank Recruiting Team at _