Trade Settlement Officer
2 weeks ago
-The main purpose of this position is to provide day-to-day operational supervision in the trade settlement field within the Financial Markets Department (FMD) of the South African Reserve Bank (SARB).
-Detailed Description
Lead the team and reinforce positive working relationships with team members.
- Carry out people management responsibilities, including the performance management of staff.
- Monitor and supervise trade flows from trade execution to settlement, while ensuring that all controls to mitigate any risks are followed.
- Check and authorise all instructions related to government bonds and money market instruments.
- Support the team with committing to trades timeously in order to meet bond settlement runs.
- Assist with the lodging of collateral.
- Assume full responsibility for formalised and day-to-day operational risk management as well as internal control in the trade settlement field.
- Ensure that (Strate) rules and directives are adhered to.
- Review all the procedure manuals and ensure that they are updated annually.
- Oversee ad hoc internal and external client queries.
- Prepare reports and assist with streamlining the work of the Domestic Markets team.
- Maintain operational relationships with clients and counterparties.
- Participate in ad hoc projects.
- Encourage collaboration.
Job Requirements
a degree in Commerce or Finance (NQF 7), or an equivalent qualification; and
- the minimum of 5-8 years of job-related experience in settlements and/or accounting.
Additional requirements include:
- in-depth knowledge and understanding of domestic financial markets, instruments and stakeholders;
- working knowledge and understanding of FX and domestic systems, for example Calypso, Flexcube, (SWIFT) and the (SAMOS) system;
- customer service orientation;
- proficiency in Microsoft Office products;
- the willingness to occasionally work overtime in the event of a settlement issue or query; and
- the proven ability to multitask, deliver results, and respond quickly and effectively to requests.
The following would be an added advantage:
- excellent interpersonal skills;
- excellent communication skills (verbal and written); and
- a high degree of self-motivation.
How To Apply
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The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her experience and competence.
Ms Sarah Molomo
Senior Manager: Recruitment and Selection
Human Resources Department
Currency
-ZAR
-Amount of Travel
-Work At Home
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