Settlement Officer
1 week ago
Purpose:
To perform settlement activities and internal controls in line with policies, operating procedures, SWIFT and JSE settlement requirements.
**Duties**:
Ensure trades are validated and settled correctly by performing all Treasury settlement activities whilst ensuring that adequate settlement information and supporting documentation are maintained.Upload settlements on swift so that all valid trades are settled.Prepare settlement instructions with counterparties to ensure that only valid trades and valid counterparties are settled.Ensure that only valid approved counterparties are used and accurate standards settlement instructions are in place at all times.Prepare settlement diaries to ensure that actual payments per settlement diaries agree to accounts so that only valid trades are settled, timeously.Maintain effective settlement procedures and controls including Critical-Financial-and Reporting Control (CFRCs) and Business Critical Controls (BCCs) so that only valid trades are settled, timeously.Ensure effective operations of settlement related systems including Quantum, SWIFT and others.Maintain complete and accurate settlement information at all times to aid management information and reporting. Facilitate enquiries and reporting so that counterparties and group reporting have valid and accurate information.Interact with the auditors.
Qualifications, Experience & Inherent Job Requirements:
A Financial Accounting or Banking Degree/ N.Diploma qualification/ NQF7 or equivalent.At least 5 years’ experience in a settlements role.JSE Settlement qualification or equivalent will be an added advantageRequirement of trust and honesty in the handling of finances as per the National Credit Act Amendment 19.
**Job Type**: Temporary
Contract length: 12 months
Ability to commute/relocate:
- Johannesburg, Gauteng: Reliably commute or planning to relocate before starting work (required)
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