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Delta One Trader

2 months ago

Johannesburg, South Africa FirstRand Full time

About us, purpose, experience and qualifications

**about us**:
**purpose**:

- Responsible for the day-to-day management, reporting and operations of the JV Delta One derivatives book. This person will additionally support and backup the RMB Morgan Stanley Treasurer (BRM) function.**experience and qualifications**:

- Relevant Qualification (Degree in Finance / Mathematics / Engineering / Statistics / Technology discipline)
- 5+ years’ experience in the financial markets space with exposure to derivative trading, operations, platforms and risk management.**additional requirements**:
**responsibilities**:

- Client Focus
- Efficient and friendly customer service
- Low turnaround time on client queries and requests
- Touch base and frequent calls with clients
- Develop and maintain strong relationships with clients, prime brokers and operations (Internal and external)
- Ensure a smooth and efficient client take-on process
- Identifying process gaps and implementation of solution to enhanced process and client experience
- Detailed understanding of client allocations processes. Work with Trading Operations Manager in order to achieve ongoing improvement and efficiencies to the process
- Work with clients to improve their experience with the desk
- Book Management (SSFs, REPS, eCFDs, MS Basket Options)
- Daily Book Management for EDCS Products (Ensuring the book is sufficiently hedged, managing Corporate Actions, Stock Borrow, Funding Requirements, etc)
- Daily Reporting of Expected P& L on Trade Date and Sign-off of P& L on Trade Date +1
- Implement daily attributions down to component level of each product to give greater insight into the fundamentals of each book (e.g. stock borrow, interest and commission revenues)
- Identify and work with Trading Operations Manager to Implement Process Efficiencies
- Assists teams across Operations unit to meet deliverables, reduce re-runs and errors.
- Together with Trading Operations Manager, implement controls to track and monitoring the booking and allocation process to identify any errors.
- Interact with the Trade Support Team to ensure trades continue to be booked correctly and look to improve booking and allocation processes together with Trading Operations Manager
- Monitor and Manage costs within the business (e.g. JSE costs, Funding Costs, Scrip Lending Costs)
- Treasury Support and Back-up
- Sufficient understanding of the Treasury function to support and provide backup to the RMB Morgan Stanley Treasurer
- Track and Manage the JV Borrow Book
- Track and manage all positions on EDCS desk to optimise funding
- Identify long positions for lending purposes
- Develop and implement MIS dashboard reports with sufficient and appropriate detail to monitor funding
- Scrip Lending
- Track and Manage Borrow Book and ensure costs are charged correctly back to the relevant products and the products are priced correctly.
- Collateral monitoring to improve processes.
- Tracking all short positions and returns to reduce cost
- Work with Sec Lending desk to optimise stock collateral (instead of cash)
- Tracking of lending rates to ensure best cost results
- Monitoring monthly fees across the EDCS portfolio
- Look to implement pricing features in order to leverage and generate revenue from the ability to improve our scrip lending costs.
- Track the benefit to the JV from this function
- Project Work
- Implement controls and automation to improve products and booking processes (e.g. ECFDs)
- Identify, Drive and Specify projects to improve efficiencies for EDCS or development of new products.
- Identify Process and System issues and ensure projects are initiated and carried through to completion and controls are implemented to mitigate these issues
- Monthly Reporting
- Generate Reporting at the end of each month used for client billing, profit sharing agreements and EDCS statistics for management reporting.

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