Market Operations Coordinator

5 days ago


Cape Town, Western Cape, South Africa Prescient Limited Full time

About the Position: We are seeking a highly skilled Market Operations Coordinator to join our Trade Management team. As a key member of our operations team, you will be responsible for ensuring the efficient and accurate settlement of trades across international markets.

Responsibilities:

  • Trade Settlement: Ensure timely and accurate settlement of trades for international markets, including equities, FX, and CIS investments.
  • Deal Confirmation: Verify trades are matched between client notifications and counterparty confirmations.
  • Settlement Instructions: Send settlement instructions to custodians via SWIFT, Omgeo, or Workbench once deals have been matched with counterparty confirmations.
  • Trade Status Management: Monitor and manage the status of trades and requirements.
  • Broker Settlement Details: Maintain up-to-date broker settlement details, contact information, and brokerage rates.
  • Front Office Trades: Process front office trades to ensure seamless STP settlement into the accounting platform.
  • Incident Reporting: Compile incident reports and assist in implementing and maintaining process controls.
  • Query Resolution: Resolve external and internal queries related to trades from brokers, clients, and custodians, while building and maintaining healthy relationships with clients and counterparties.
  • Reconciliation Reports: Perform and/or review applicable reconciliation and exception reports on a daily, weekly, and monthly basis.
  • Project Tasks: Participate in project-related tasks, such as testing and implementing new solutions, to optimize trade settlement processes and reduce manual interventions.

Requirements:

  • A minimum of 2-3 years of experience in a settlements role within fund services, investment, or wealth management environments.
  • A solid understanding of financial markets and instruments is essential.
  • Ideal candidates will have knowledge and experience working with both local and international markets, including experience with Omgeo.


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