Derivatives Clearing Specialist

3 weeks ago


Johannesburg, Gauteng, South Africa Isilumko Staffing (JHB) Full time
Job Title: Derivatives Clearing Specialist

Isilumko Staffing (JHB) is seeking a highly skilled Derivatives Clearing Specialist to join our team. The successful candidate will be responsible for clearing, settling, and reporting on Exchange Traded Derivative contracts traded on the JSE platform.

Key Responsibilities:
  • Client service and query management
  • Risk management
  • Settlement of daily JSE margin calls
  • Monitoring of client exposure against available funds
  • Clearing and understanding of products across different markets
  • Acceptance and allocation of derivative trades from interdealer brokers obo offshore clients
  • Shift rotation according to different market closing times
  • Operational duties as described in more detail below
Qualifications:
  • Minimum qualification: National Diploma in Financial Markets
  • Preferred qualification: Degree in Business Commerce Business Management or Economics or relevant qualification
Experience:
  • Corporate Banking (Transactional Products and Services) 3-4 years' experience in Financial Markets and/or Derivatives Markets
  • Risk Management (Transactional Products and Services)1-2 years' experience in understanding client exposures and ensuring risk mitigants are adequately applied, failing which appropriate action required to manage collateral deficits


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