Derivatives Clearing Specialist
3 weeks ago
Job Title: Derivatives Clearing Specialist
About the RoleWe are seeking a highly skilled Derivatives Clearing Specialist to join our team at Isilumko Staffing (JHB).
Responsibilities- Client Service and Query Management: Respond to client inquiries, resolve issues, and provide exceptional service.
- Risk Management: Monitor client exposure, manage collateral deficits, and ensure risk mitigants are applied.
- Process daily cash settlements and transfer instructions.
- Engage with clients and stakeholders to resolve queries and requests.
- Balance the daily JSE derivatives clearing markets and electronic reporting.
- Reconcile internal Derivatives Clearing cash account (house account).
- Attend to month-end processes.
- Prepare payment for physical deliveries on commodity market and email notices to clients.
- National Diploma in Financial Markets is a minimum requirement.
- PREFERRED qualification: Degree in Business Commerce Business Management or Economics or relevant qualification.
- Corporate Banking: 3-4 years' experience in Financial Markets and/or Derivatives Markets.
- Risk Management: 1-2 years' experience in understanding client exposures and ensuring risk mitigants are adequately applied.
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