Trade Execution Operations Specialist

2 months ago

Johannesburg, South Africa FirstRand Full time

Job Description

To ensure that the Corporate Actions in RSO is performed efficiently and effectively. (Adhere to Standard Operating Procedures for Corporate Actions Procedure Document as well as JSE Rule 15 when dealing with any Corporate Event.). Perform the settlement functions for RST/RMS and in the event that the Settlement Officer is not available, resume duties as Alternate Settlement Officer and attend to the administration of the operational matters and all relating functions in the most efficient and expedient way. Ensure that all transactions in uncertificated securities are settled in terms of the JSE Rules and Directives. To attend to queries by the JSE in relation to settlement and to attend to settlement related administration.

Are you someone who can:

- Ensure all Corporate Actions are timeously and expediently delivered/ received and that receipt/payment of dividends is accurate and in accordance with acceptable procedures.
- Ensure that client elections are received prior to the earliest surrender/acceptance/ election/termination date where necessary.
- Ensure that BDA records (Nominee Register) is updated within 24 hours for shares that are in electronic format, and that have been terminated/converted.
- Ensure that confirmation is received from the CSDP via MT566 message confirming the holdings as well as payment/ election instructions.
- Ensure that any positions on stock accounts, client accounts & lenders accounts in all locations are consolidated, adjusted and confirmed with the relevant party, by close of business on LDT +3 (normally Wednesday before RD).
- Ensure that BDA positions are correctly reconciled to the MT 564 message received to confirm LDR holdings and that any differences are resolved at the very latest, by LDT+3.
- Ensure that elections against balanced BDA positions are accurately and correctly updated before 12 o’clock on the election day (normally Wednesday before RD) (TDFRZ -Entitlement Election screen in BDA).
- Ensure that Rights Take-up against balanced BDA positions are accurately and correctly updated before 12 o'clock on the election day (normally Wednesday before RD). (RTMNT - Rights maintenance screen in BDA).
- Ensure that all entitlements are correctly released on BDA on pay date.
- Ensure that any differences are resolved without delay.
- Ensure that all entitlements (due from open deals) are received within the time frames stipulated in the JSE rules.
- Ensure that all entitlements (due to open deals) are released within the time frame stipulated by the JSE Rules. (inward entitlements must fund outward entitlements where appropriate).
- Ensure that the correct nature of the cash entitlement is established (dividend or capital repayment).
- Ensuring that the entitlement is deposited to the correct bank account and that receipt of such cash entitlement is captured on the correct BDA account.
- Ensure that scrip entitlements are accurately and correctly allocated on BDA.
- View dividend control accounts and ensure that all new entries passed on the controlled accounts are correctly recorded & reconciling items on dividend control accounts are correctly resolved without delay.
- Ensure that the journal entries are prepared for authorisation with all relevant supporting documentation.
- Ensure that the journal entries are authorised, before input into the BDA system.
- Ensure that any dividend claim that may arise, is initiated, correctly recorded in the full and accurate register and persistently followed up until settled.
- Ensuring that dividend claims are correctly and promptly processed if received.
- Provide CM & R with a breakdown of any Non-resident accounts on who’s account any capital repayment / liquidation payment/ rights take up will take place, to ensure that funds are transferred to / from the correct account with the correct value date, so as to avoid use of other client funds.
- At least 6 years experience in a Stockbroking Operations environment.
- A broad knowledge of The JSE BDA System and the importance of segregation of duties.
- Knowledge of RMB Internal systems an advantage. Settlement Officer qualification a requirement.
- Fully computer literate in Excel, MS Word, PowerPoint.

You will have access to:

- Opportunities to network and collaborate
- Challenging Working
- Opportunities to innovate

We can be a match if you are:

- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
- Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it

Job Details

07/11/24

  • Technical Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Rand Merchant Bank Full time

    Job Title: Technical Specialist - Trade Execution OperationsAbout the Role:We are seeking a highly skilled Technical Specialist to join our Trade Execution Operations team at Rand Merchant Bank. As a key member of the team, you will play a pivotal role in ensuring the seamless operation of trade and execution processes.Key Responsibilities:To ensure the...

  • Trading Execution Operations Technical Specialist

    3 weeks ago

    Johannesburg, South Africa Rand Merchant Bank Full time

    Job title : Trading Execution Operations Technical Specialist Job Location : Gauteng, Johannesburg Deadline : December 25, 2024 Quick Recommended Links Jobs by Location Job by industries Job Description To play a pivotal role in ensuring the seamless operation of trade and execution processes by working closely with Trade and Execution...

  • Trading Execution Operations Technical Specialist

    3 weeks ago

    Johannesburg, South Africa Rand Merchant Bank Full time

    Job title : Trading Execution Operations Technical SpecialistJob Location : Gauteng, JohannesburgDeadline : December 25, 2024Quick Recommended Links Jobs by Location Job by industries Job Description To play a pivotal role in ensuring the seamless operation of trade and execution processes by working closely with Trade and Execution operations...

  • Trading and Execution Operations Specialist

    3 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To support front office teams by performing the processing functions of confirmations, settlements, and reconciliations across the various product sets - Monitor and follow-up outstanding confirmations in line with specific business requirements - Perform settlements - Display accuracy and attention to detail in ensuring settlements are...

  • Trade and Execution Operations Specialist

    6 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To support front office teams by performing the processing functions of confirmations, settlements, and reconciliations across the various product sets - Monitor and follow-up outstanding confirmations in line with specific business requirements - Perform settlements - Display accuracy and attention to detail in ensuring settlements are...

  • Trading Execution Operations Technical Specialist

    1 month ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To play a pivotal role in ensuring the seamless operation of trade and execution processes by working closely with Trade and Execution operations professionals to manage exceptions across the entire operations value chain, ensuring issues are resolved promptly and efficiently. - Identify, analyse, and resolve trade and execution exceptions...

  • Trade and Execution Operations Specialist

    6 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To perform complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing,...

  • Trade and Execution Operations Specialist

    7 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To perform complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing,...

  • Trade Execution Operations Specialist

    2 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description To perform complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing,...

  • Trade Finance Operations Specialist

    1 month ago

    Johannesburg, Gauteng, South Africa Isilumko Staffing Full time

    About the RoleWe are seeking a highly skilled Trade Finance Operations Specialist to join our team at Isilumko Staffing.Key Responsibilities:Analyze and prepare reports on trade operations, identifying areas for improvement and implementing changes as needed.Work with stakeholders to reduce operational risk and ensure seamless transaction...

  • Trade Operations Specialist

    1 day ago

    Johannesburg, Gauteng, South Africa Isilumko Staffing (JHB) Full time

    Job Title: Trade Operations SpecialistWe are seeking an experienced Trade Operations Specialist to join our team in Johannesburg.The estimated annual salary for this position is R950,000, depending on experience.Company ProfileIsilumko Staffing (JHB) is a leading financial services organization that delivers exceptional client experiences across Global...

  • Money Market Trading Operations Specialist

    2 months ago

    Johannesburg, South Africa FirstRand Full time

    Job Description Hello Future Money Market Trading Operations Specialist, RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact. United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that...

  • Trade Finance Sales Specialist

    4 months ago

    Johannesburg, South Africa Bidvest Bank Full time

    **Primary Purpose** Trade Specialist is responsible for developing and executing sales strategies in collaboration with the Head of Trade to achieve revenue and asset growth targets. Manage and enhance relationships with existing and target clients, tailoring solutions to meet their needs while identifying opportunities for increased income. Identify...

  • Sales Executive

    7 months ago

    Johannesburg, South Africa Trade Shield Full time

    **JOB TITLE**: Sales Executive - New Business Development **EMPLOYMENT TYPE**: Full-Time **COMPANY OVERVIEW**: Trade Shield is an innovative tech startup leveraging AI to provide cutting-edge insights into business credit for our clients. With a focus on enhancing trade credit decisions globally, we're on a mission to become the premier choice for trade...

  • Sales and Trade Specialist

    3 months ago

    Johannesburg, South Africa Palesa Mbali Group Full time

    **JOB PROFILE OF SALES & MARKETING SPECIALIST** *** **The Sales and Trade Specialist - Mining and Commodities,** reporting directly to the Operations Manager, is responsible for executing the physical marketing, sales and trading strategies locally and internationally in a manner that advances the company’s vision to become a global African commodities...

  • Network Infrastructure Specialist

    3 weeks ago

    Johannesburg, Gauteng, South Africa Trade Intelligence Full time

    Job Title: Network Infrastructure SpecialistWe are seeking a highly skilled Network Infrastructure Specialist to join our team at Trade Intelligence. This role will be responsible for designing, implementing, and maintaining the company's network infrastructure.About Us:Trade Intelligence is a dynamic company that provides innovative solutions to clients...

  • Sales and Trade Specialist – Mining and Commodities

    3 weeks ago

    Johannesburg, South Africa Palesa Mbali Group Full time

    JOB PROFILE OF SALES & MARKETING SPECIALISTThe Sales and Trade Specialist – Mining and Commodities,reporting directly to the Operations Manager, is responsible for executing the physical marketing, sales and trading strategies locally and internationally in a manner that advances the company’s vision to become a global African commodities partner. This...

  • International Trade Finance Specialist

    2 weeks ago

    Johannesburg, Gauteng, South Africa Absa Group Limited Full time

    About the RoleWe are seeking a skilled International Trade Finance Specialist to join our team at Absa Group Limited. The successful candidate will have 5 to 8 years of experience in Trade Finance and hold a degree or diploma in Business, Commerce and Management Studies.The estimated salary for this role is R1,200,000 - R1,800,000 per annum, depending on...

  • Trading and Investment Specialist

    1 day ago

    Johannesburg, Gauteng, South Africa Isilumko Staffing (JHB) Full time

    Job Overview:We are seeking a skilled Trading and Investment Specialist to join our team at Isilumko Staffing in Johannesburg. The ideal candidate will have extensive experience in client service and trading, with a strong understanding of FICA, broker business, and related trading instruments.Key Responsibilities:Trade Execution: Execute trades and...

  • Sales and Trade Specialist – Mining and Commodities

    3 months ago

    Johannesburg, South Africa Palesa Mbali Group Full time

    JOB PROFILE OF SALES & MARKETING SPECIALIST The Sales and Trade Specialist – Mining and Commodities, reporting directly to the Operations Manager, is responsible for executing the physical marketing, sales and trading strategies locally and internationally in a manner that advances the company’s vision to become a global African commodities partner. This...