Operations Specialist | Cape Town

Recruiter:

The Recruitment Council

Job Ref:

Operations Specialis..

Date posted:

Friday, October 25, 2024

Location:

CapeTown, South Africa

Salary:

Market-Related

SUMMARY:
Operations Specialist | Cape Town

POSITION INFO:

Our client is seeking an agile and driven individual to support the Head of Operations and Dealing desks. The primary focus of this role is on local and international settlements, as well as private client administration and post-trade activities. You will have the opportunity to cross-train and provide backup support to the trade support team when required.

Key Responsibilities:

Manage settlement obligations for equity, derivative, and bond trades in accordance with exchange rules
Ensure timely and accurate processing of journals, payments, receipts, and trade settlements
Reconcile Net Settlements with bank statements and BDA systems
Resolve trade-related queries from brokers, clients, and custodians, ensuring smooth client and counterparty relations
Assist the trade support team with post-trade settlements for international equities
Update settlement metrics and ensure timely matching of trades between clients and counterparties
Handle trading desk allocations and OMGEO uploads
Coordinate private client trading instructions and reporting
Compile incident reports and conduct root cause analysis to prevent future issues
Monitor and ensure compliance with JSE rules and directives, including testing and participating in projects
Assist with month-end brokerage reports and support ad hoc tasks as needed

Qualifications and Experience:

BCom, B.Compt, or equivalent essential
3-5 years’ experience in financial services, particularly in investment, stockbroking, or financial markets operations
Solid understanding of financial instruments
Knowledge and experience with both local and international settlements
Proficiency in various IT systems, including advanced Excel, Accounting & Exchange Systems, Mecras, and BDA
Preference for candidates who have completed, or are willing to complete, JSE and RPE exams, such as:

Introduction to Financial Markets (RPE)
Regulations and Ethics of the South African Financial Markets (RPE)
Bond Settlement Officer Exams (JSE)
Equities Settlement Officer Exams (JSE)

Key Competencies:

Self-starter with the ability to take ownership and solve problems
Highly organised and meticulous, with strong attention to detail under pressure
Flexible and adaptable to changing business needs
Strong team player, able to work independently when needed
Growth mindset and willingness to work extended hours when required
Registered Persons or Financial Market qualifications (or willingness to obtain them)
This role offers an exciting opportunity to grow in a fast-paced and dynamic environment, contributing to both local and international trading operations.

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