Settlements Professional for Fund Services

1 month ago


Cape Town, Western Cape, South Africa The Recruitment Council Full time
About The Recruitment Council

We are seeking a highly skilled Settlements Professional to join our dynamic team at The Recruitment Council. As a key player in our fund services environment, this role offers an exciting opportunity to grow and develop your career.

Job Summary

The successful candidate will be responsible for efficiently capturing, processing, matching, and settling trades on our accounting system. This includes Equities, Fixed Income, Derivatives, Unit Trusts/CIS investments, Call Transfers, SWAPs, and FX deals.

Key Responsibilities:
  • Trade Processing: Capture, process, match, and settle trades on the accounting system, ensuring accuracy and efficiency.
  • Manual Instructions: Prepare manual instructions for unlisted trade settlements when needed, such as Physical MM, Private Placements, Offshore investments, and Fund of Fund investments.
  • Trade Matching: Ensure trades are correctly matched between client notifications and counterparty confirmations.
  • Reconciliation: Reconcile broker/counterparty accounts and ensure trade details align with company records.
  • Reporting: Report and match Demat Money Market trades on Strate within required timeframes.
  • Trade Status Management: Manage trade statuses and handle all associated requirements.
  • Broker Settlement and Contact Details: Maintain accurate broker settlement and contact details, including brokerage rates.
  • Front Office Trade Monitoring: Monitor front office trades to ensure seamless STP settlement into the accounting system.
  • Incident Reporting and Process Control: Compile incident reports and assist in implementing and improving process controls.
  • Client and Counterparty Relationships: Address internal and external trade-related queries from brokers, clients, and custodians, building strong relationships to resolve settlement issues.
  • Ad-Hoc Tasks and Projects: Handle ad-hoc tasks and contribute to projects, particularly in testing and implementing new solutions for trade processing automation.
Requirements:
  • Experience: 2-3+ years of experience in a Settlements role within Fund Services, Investment, or Wealth Management.
  • Financial Markets Knowledge: Comprehensive understanding of financial markets and instruments.
  • International Markets Experience: Experience with both local and international markets is advantageous.
  • Qualifications: Relevant tertiary qualification in Finance, Commerce, Investments, or Economics.
Competencies:
  • Self-Motivation: Self-motivated and capable of working with minimal supervision.
  • Team Player: A positive team player who thrives in a collaborative environment.
  • Diligence and Attention to Detail: Diligent, detail-oriented, and deadline-driven.
  • Communication Skills: Strong communication skills, both written and verbal.
  • Integrity and Professionalism: High levels of integrity and professionalism.
Compensation and Benefits:

The estimated salary for this position is $65,000 - $85,000 per annum, depending on experience and qualifications.



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