Derivatives Clearing Specialist

2 months 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 dynamic team. As a key member of our team, you will play a pivotal role in providing exceptional service to our clients by clearing, settling, and reporting on Exchange Traded Derivative contracts traded on the JSE platform.

Key Responsibilities:
  1. Daily Cash Settlements:
    • Process daily cash settlements and transfer instructions, ensuring accurate entries into our financial systems.
    • Manage JSE margin calls and client exposure, ensuring compliance with funding requirements.
  2. Client Engagement:
    • Maintain proactive communication with clients regarding queries, payment instructions, and trade discrepancies.
    • Collaborate with international clients for trade confirmations and reconciliations.
  3. Market Balancing and Reporting:
    • Execute end-of-day processes and reconcile daily trade data, ensuring all client positions and margin obligations are accurately updated.
    • Investigate discrepancies and coordinate with stakeholders for resolution.
  4. Position and Deal Management:
    • Handle booking, confirming, and accepting trades on behalf of international clients, ensuring compliance with risk management protocols.
  5. Client Onboarding:
    • Oversee the onboarding process, ensuring clients meet all compliance requirements and managing the necessary documentation.
  6. Month-End Processes:
    • Reconcile month-end interest allocations and prepare necessary payment files for client accounts.
  7. Query Resolution:
    • Address client queries and requests through our group clearing inbox, ensuring timely and effective communication.
  8. Physical Deliveries:
    • Prepare payments and email notices for physical deliveries in the commodity market.
Qualifications:
  • Minimum Qualification: National Diploma in Financial Markets or related field.
  • Preferred Qualification: Bachelor's Degree in Business Commerce, Business Management, Economics, or a relevant discipline.
  • Certifications: Membership or certifications from the South African Institute of Financial Markets (SAIFM) or relevant financial market courses are advantageous.
Experience:
  • Required:
    • 3-4 years in Corporate Banking or Transactional Products, with a focus on Financial Markets and/or Derivatives Markets.
    • 1-2 years in Risk Management, with experience in managing client exposures and collateral requirements.
  • Preferred:
    • Industry-specific experience in derivative markets offered by the JSE, with a strong operational understanding.
Skills:
  • Excellent analytical and problem-solving abilities.
  • Strong communication and interpersonal skills.
  • Proficiency in financial systems and reporting tools.


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