Financial Operations Manager
1 month ago
Exceptional opportunity for a dynamic Financial Operations Manager who has settlements experience in the financial markets. This role supports the dealing desks with local and global settlements, private client administration, and post-trade support activities. We are looking for a professional who has written and passed JSE and RPE exams, or is willing to consider candidates still pursuing these.
Responsibilities:
- Run the settlement function of Equity, Derivative, and Bond Trades, following relevant exchange rules and directives
- Verify implemented procedures and action the settlement of all transactions, following relevant exchange rules and directives
- Advise the relevant exchange of issues that may impact the settlement of a transaction
- Liaise with Settlement Authorities of the relevant exchange, ensuring efficient and timely settlement of all transactions
- Check the processing of journals, cash payments, and receipts
- Reconcile Net Settlements schedules to Bank Statements and BDA
- Solve external and internal queries relating to trades from brokers, clients, and custodians
- Maintain solid client and stakeholder relationships, ensuring any issues are identified and resolved
- Liaise with Trade Support Teams, monitoring daily post-trade settlements for international equity trades and escalating when necessary
- Update metrics concerning settlements and post-trade activities
- Verify that trades are matched between client and stakeholder
- Trading Desk Allocations
- Manage Private Client trading instructions and reporting with the Trading Desk
- Compile incident reports
- Manage and document business processes and Standard Operating Procedures
- Liaise with the Compliance Officer, ensuring compliance with legislation, Exchange Rules and Directives, taxation, and other regulatory requirements
Salary: The estimated salary range for this position is R800,000 - R1,200,000 per annum, depending on experience.
Job Requirements:
- Minimum of a completed BCom, B.Compt, or similar equivalent qualification
- At least 3-5 years' experience in investments, stockbroking, or financial markets operations
- Prior settlements experience, both local and international, with a solid understanding of financial instruments
- Proficient in Excel, Accounting & Exchange Systems, Mecras, and BDA
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