Bond Settlement Officer

2 weeks ago

Cape Town, South Africa Tracking Talent Full time

A Multinational Fund Services Provider is seeking a Bond Settlement Trader to join their team. As a key specialist in the Administration and operations team for the company this individual is responsible for managing the settlement of Bond Trades in the Interest Rate & Currency markets, in terms of the JSE Rules. As part of a broader dynamic operations team, you will also provide support to the Operations Team with other duties related to stockbroking administration and settlements.

**Qualifications & Experience**:

- Honours Degree in BComm Commerce or Finance
- Passed all the relevant JSE Exams as listed below:

- Introduction to Financial Markets (RPE)
- Regulations and Ethics of the South African Financial Markets (RPE)
- Bond Settlement Officer Exams (JSE EXAM) required
- 5 years’ experience in Settlements from a stockbroking/financial services environment with exposure to investment/financial markets.
- 2-3 years related experience in Bond Settlements
- A solid understanding of financial instruments, including Fixed Income and Derivative Instrument
- Knowledge and experience on local settlements.
- Able to work on various IT systems (strong Excel, Accounting & JSE Systems, including Nutron, BDA and Swordfish)

**Duties & Responsibilities**:

- Assist in managing the settlement obligations of Bond Trades in terms of JSE Rules and Directives
- Ensure appropriate procedures are implemented and necessary action is taken to facilitate settlement of all transactions in accordance with the JSE Rules and Directives
- Advise the JSE of any issue that may potentially impact on settlement of a transaction
- Co-operate with the Settlement Authority to ensure the efficient and timeous settlement of all transactions
- Deal with and follow up with Banks, Clients, and Custodians to ensure transactions are committed to within the specified timelines
- Deal with any client, bank or other queries as they arise
- Notification of problem transactions needs to be done immediately to affected members and clients.
- Constant monitoring and communication of trade statuses to clients, banks and the JSE where required
- Liaise with bank to ensure payment limits are appropriate
- Liaise with bank to temporarily lift intra-day limits (Lift Fating Process)
- Reconcile the Bond Net Settlements schedules to Bank Statements, and BDA
- Review Client Brokerage Figures for reasonability and update Database with Figures
- Follow JSE instructions regarding failed trades if required
- Monitor trade exclusions as required to ensure correctly dealt with
- Data Capture and Enquiries on the JSE’s Broker Dealer Accounting System (BDA)
- Ad-Hoc requests as and when required
- Assist with the processing and settlement of local and international trades for the Equity and Equity Derivatives Market when required
- Complete required JSE exams
- Taking note of relevant JSE Communications and participate in JSE User Acceptance Testing (UAT) Testing as required
- Compiling of incident reports analysing the root cause of any possible breaches and recommend preventative measures
- Be cognizant of JSE Compliance requirements

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