Bond Trade Settlements Officer

2 weeks ago

Cape Town, South Africa Talent ID Full time

You will be responsible for managing the settlement of Bond Trades in the Interest Rate & Currency markets, in terms of the JSE Rules.

**Required Qualifications**

Relevant Commercial / Finance degree/Hons or equivalent is essential, along with JSE/RPE 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 experience**
- 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)

**Some Duties**:

- Assist in managing the settlement obligations of Bond Trades in terms of 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
- 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
- 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
- Data Capture and Enquiries on the JSE’s Broker Dealer Accounting System (BDA)
- Assist with the processing and settlement of local and international trades for the Equity and Equity Derivatives Market when required
- Compiling of incident reports analysing the root cause of any possible breaches and recommend preventative measures
- Support the Compliance Officer to ensure Compliance with applicable legislation including JSE Rules and Directives, taxation, etc.

**Key competencies**
- Self-Starter
- Highly meticulous and thorough
- Take ownership and problem solve when required
- Extremely organised
- Able to work in a team and/or on their own
- Attention to detail and accuracy
- Strong attention to detail under pressure

**Job Types**: Full-time, Permanent

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