Specialist : Derivatives Clearing (Contract)

2 weeks ago


Randburg, Gauteng, South Africa Isilumko Staffing (Jhb) Full time

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:
  1. Client service and query management
  2. Settlement of daily JSE margin calls: Monitoring of client exposure against available funds
  3. 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 clientsShift rotation according to different market closing timesKey Responsibilities:
  1. Process daily cash settlements and transfer instructions
  2. Engagement with clients and stakeholders
  3. Balancing the daily JSE derivatives clearing markets and electronic reporting
  4. Reconciliation of daily trade data
  5. Position and deal management
  6. Onboarding of clients
  7. Reconcile internal Derivatives Clearing cash account (house account)
  8. Month end processes
  9. Attend and resolve client queries, requests and instructions
  10. Prepare payment for physical deliveries on commodity market and email notices to clients
Qualifications:

Preferred qualification: Degree in Business Commerce, Business Management, 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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