Operations Specialist Lead
3 weeks ago
About The Recruitment Council:
The Recruitment Council is a leading recruitment agency in the financial sector, specializing in high-level positions. We are committed to providing top talent to our clients and unparalleled service to our candidates.
Salary Range: R750,000 - R1,200,000 per annum
Job Description:
The Operations Specialist Lead will be responsible for supporting the Head of Operations and Dealing desks in local and international settlements, as well as private client administration and post-trade activities. Key responsibilities include:
- Manage settlement obligations for equity, derivative, and bond trades in accordance with exchange rules.
- Ensure timely and accurate processing of journals, payments, receipts, and trade settlements.
- Reconcile Net Settlements with bank statements and BDA systems.
- Resolve trade-related queries from brokers, clients, and custodians, ensuring smooth client and counterparty relations.
- Assist the trade support team with post-trade settlements for international equities.
- Update settlement metrics and ensure timely matching of trades between clients and counterparties.
- Handle trading desk allocations and OMGEO uploads.
- Coordinate private client trading instructions and reporting.
- Compile incident reports and conduct root cause analysis to prevent future issues.
- Monitor and ensure compliance with JSE rules and directives, including testing and participating in projects.
- Assist with month-end brokerage reports and support ad hoc tasks as needed.
Qualifications and Experience:
To be successful in this role, you will need:
- A Bachelor's degree in Commerce or equivalent essential.
- 3-5 years' experience in financial services, particularly in investment, stockbroking, or financial markets operations.
- Solid understanding of financial instruments.
- Knowledge and experience with both local and international settlements.
- Proficiency in various IT systems, including advanced Excel, Accounting & Exchange Systems, Mecras, and BDA.
- Preference for candidates who have completed, or are willing to complete, JSE and RPE exams, such as Introduction to Financial Markets (RPE), Regulations and Ethics of the South African Financial Markets (RPE), Bond Settlement Officer Exams (JSE), and Equities Settlement Officer Exams (JSE).
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