Trading Operations Specialist

1 month ago

Sandton, South Africa FirstRand Bank Limited Full time
Description

As a Trading Operations Specialist at FirstRand Bank Limited, you will be part of a dynamic team that drives the processing of confirmations, settlements, and reconciliations across various product sets. This role is ideal for individuals who thrive in fast-paced environments and possess strong analytical skills to identify and escalate risk as a normal part of work.

Purpose:
Execute complex tasks that support front office teams in the processing functions of confirmations, settlements, and reconciliations, ensuring timely escalation to minimize risk.

Key Responsibilities:
  • Efficiently execute transactions consistently and accurately.
  • Perform all functions associated with trade confirmation, settlement, and monitoring in line with minimum standards.
  • Ensure segregation of duties between relevant processing functions.
  • Monitor system alerts to confirm successful settlements.
  • Accurately load, amend, or delete Cession and Pledges supported by necessary approvals.
  • Facilitate timely and accurate confirmations of trades to relevant parties.
  • Comply with and adhere to identified governance and compliance standards, escalating problems for investigation and resolution.
  • Ensure adherence to established procedures, ensuring accuracy and validity of all trade details and transactions.
  • Facilitate timely and accurate communication/notification of trades to relevant parties.
  • Ensure all trades executed in the trading system are processed in the company's internal accounting system.
  • Investigate and resolve open exception items, escalating to relevant stakeholders for resolution.
  • Perform daily reconciliations and investigate reconciliation breaks for appropriate resolution.
  • Reconcile positions daily and follow up with Front Office for any issues.
  • Understand process flows to identify system mismatches and propose possible solutions.
  • Review existing processes and suggest innovative ideas to improve and streamline processes.
  • Ensure all End of Day/Start of Day and Intraday checks are performed.
  • Follow correct process to unsettle and backdate trades with required approvals.
  • Promote teamwork and inclusivity, demonstrating behaviors that respect diversity.
  • Establish relationships with relevant individuals and departments to deliver work expectations.
  • Adhere to relevant service level agreements to build trust in relationships.
  • Compile reports to track progress and guide business decisions.
  • Partner and collaborate with team members to achieve success.
  • Share information and knowledge that benefits the team.
  • Participate in a development culture that shares successes, issues, trends, and ideas.
  • Build and sustain collaborative working relationships to achieve productivity synergies.
  • Participate in specialist communities of practice to contribute to organizational knowledge improvement.

You Will Be An Ideal Candidate If You:
  • Hold a Bachelor's degree in Finance, Economics, Business Administration, or a related field.
  • Have 3 to 5 years' experience in a similar environment, with 1 to 2 years ideally at a junior specialist level.


You Will Have Access To:
  • Opportunities to network and collaborate.
  • Challenging work.
  • Opportunities to innovate.


Are you interested in taking the step? We look forward to engaging with you further.

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