Trade Support Specialist
3 weeks ago
We are seeking a highly skilled Financial Operations Manager to join our team at CA Financial Appointments. As a Settlements Expert, you will be responsible for managing and documenting business processes and standard operating procedures, liaising with compliance officers, and ensuring compliance with legislation, exchange rules, and directives.
About the RoleThe successful candidate will be responsible for running the settlement function of equity, derivative, and bond trades, following relevant exchange rules and directives. They will verify implemented procedures and action settlement of all transactions, advising relevant exchanges of potential issues that may impact settlement.
Liaising with settlement authorities, the successful candidate will ensure efficient and timely settlement of all transactions. They will also reconcile net settlements schedules with bank statements and BDA, solve external and internal queries relating to trades, and maintain solid client and stakeholder relationships.
Key Responsibilities:
- Run settlement function of Equity, Derivative and Bond Trades, follow relevant exchange Rules and Directives
- Verify implemented procedures and action settlement of all transactions follow relevant exchange Rules and Directives
- Advise relevant exchange of issue that potentially may impact on settlement of a transaction
- Liaise with Settlement Authority of relevant exchange, ensure efficient and timely settlement of all transactions
- Check processing of journals, cash payments and receipts
- Reconcile Net Settlements schedules to Bank Statements, and BDA
- Solve external and internal queries relating to trades from brokers, clients and custodians
- Maintain solid client and stakeholder relationships, ensure any issues are identified and resolved
- Liaise with trade support team,monitor daily post trade settlements for international equity trades and escalate
- Update metrics concerning settlements and post trade activities
- Check that trades are matched between client and stakeholder
- Trading Desk Allocations
- Manage Private Client trading instructions and reporting with trading desk
- Compile of incident reports
- Manage and document business processes and Standard Operating Procedures
- Liaise with Compliance Officer ensure Compliance with legislation, Exchange Rules and Directives, taxation
Requirements:
- Minimum of a completed BCom, B.Compt or similar equivalent
- Must have 3-5 years' experience in investments, stockbroking or financial markets operations
- Must have previous Settlements experience both local and international and a solid understanding of financial instruments
- Proficient in Excel, Accounting & Exchange Systems,Mecras, BDA
Estimated Salary: R600,000 - R800,000 per annum
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