Operations / Settlements Officer
4 days ago
A Multinational Fund Services Provider is seeking a Settlement Officer in the Operational team. This job’s main focus is to assist clients with the trade matching and settlement process.
DUTIES AND RESPONSIBILITIES
- Ensure all capturing / processing, matching and settlement of all trades to the accounting system timeously which include: Equities, Fixed Income, Derivatives, Unit Trusts / CIS investments, Call Transfers, SWAPs, FX deals
- Preparing manual instructions for any unlisted trade settlements where necessary: Physical MM, Private Placements, Off Market trades, Offshore investments, Fund of Fund investments, FX deals, complete BOP forms, validate account details on Swap agreements
- Ensure trades are matched between client notification and counterparty confirmation
- Ensure broker / counterparty account and trade details reconcile with our records
- Ensure that the managers notification reconciles with the counterparty confirmation
- Ensure Demat Money Market trades are reported and matched on Strate timeously within the required time frames
- Sending settlement instructions to custodian for all trades timeously via SWIFT, Omgeo or Workbench as necessary only once deals have been matched to the counterparty confirmations
- Managing status of trades and requirements
- Maintaining broker settlement details, contact details and brokerage rates
- Monitoring/processing of front office trades to ensure STP settlement into the accounting platform
- Compiling of incident reports and assist in implementing and maintaining process controls
- Resolving external and internal queries relating to all trades from brokers, clients and custodians
- You will need to build and maintain healthy client and counterparty relationships to ensure resolution of settlement issues identified
- Ad hoc queries and tasks
- Project related tasks: testing and implementing new solutions. Look to using online solutions instead of using existing manual forms and sending manual instructions
REQUIRED EXPERIENCE
- Relevant experience of at least 2-3 years + experience in a Settlements role in Fund Services / Investment / Wealth Management environment
- A solid understanding of the financial markets and instruments
- Ideally knowledge and experience on both local and international marketS
- Relevant tertiary financial qualification(s), Commerce, Investments, Economics
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