Settlement & Operations Officer

6 months ago

Cape Town, South Africa RPO Recruitment Full time

A dynamic Fixed Income Brokerage is in search of a Settlement & Operations Officer to manage the settlement of all Fx Derivative and Bond Trades in terms of the JSE Rules, and to support the Operations Team with other duties.

**Responsibilities**:
Manage the settlement obligations of all Fx, Derivative and Bond Trades in terms of the relevant exchange Rules and Directives
Ensure appropriate procedures are implemented and necessary action is taken to facilitate settlement of all transactions in accordance with the relevant exchange Rules and Directives
Advise the relevant exchange of any issue that may potentially impact on settlement of a transaction
Co-operate with the Settlement Authority of the relevant exchange to ensure the efficient and timeous settlement of all transactions
Deal with and follow up with the relevant stakeholders, including Banks, Clients, and Custodians to ensure transactions are committed to within the specified timelines
Effectively resolve queries as they arise
Notification of problem transactions needs to be done immediately to affected members and clients.
Constant monitoring and communication of trade statuses to clients, banks and the relevant exchange where required
Liaise with bank to ensure payment limits are appropriate
Liaise with bank to temporarily lift intra-day limits (Lift Fating Process)
Reconcile Net Settlements schedules to Bank Statements, and BDA
Review Client Brokerage Figures for reasonability and update Database with Figures
Follow exchange instructions regarding failed trades if required
Monitor trade exclusions as required to ensure correctly dealt with
Data Capture and Enquiries on the JSE’s Broker Dealer Accounting System (BDA)
Ad-Hoc requests as and when required
Assist with the processing and settlement of local and international trades for the FX Derivatives Market when required
Taking note of relevant Exchange Communications and participate in User Acceptance Testing (UAT) Testing as required
Compiling of incident reports analysing the root cause of any possible breaches and recommend preventative measures
Be cognizant of the relevant Compliance requirements
Support the Compliance Officer to ensure Compliance with applicable legislation including Exhange Rules and Directives, taxation, etc.

**Requirements**:
JSE EXAM BCom, B.Compt or equivalent would be advantageous.

Strong preferrence for completion of, or studies towards, JSE Exams as listed below:
**JSE AND RPE Exams**:

- Introduction to Financial Markets (RPE)
- Regulations and Ethics of the South African Financial Markets (RPE)
- Bond Settlement Officer Exams (JSE EXAM)

Minimum 2 years related experience a stockbroking environment (or a Fund Services Asset Management Administration environment with exposure to investment/financial markets).
A solid understanding of financial instruments, including Fixed Income and Derivative Instruments
Knowledge and experience on local and international settlements.
Able to work on various IT systems (advanced Excel, Accounting Exchange Systems, including Nutron, MecrasBDA and Swordfish)

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