Financial Operations Manager

1 month ago


Cape Town, Western Cape, South Africa CA Financial Appointments Full time

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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