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Settlements Officer

A vacancy exists for a Settlements Officer to join a leading Fund Services firm and to assist their clients with the trade matching and settlement process. This is a critical role within the team.

Duties will include:

  • 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 etc
  • 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, etc
  • Ensure trades are matched between client notification and counterparty confirmation
  • You will ensure broker / counterparty account and trade details reconcile with our records
  • You will ensure that the managers notification reconciles with the counterparty confirmation
  • 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
  • Maintaining broker settlement details, contact details and brokerage rates
  • Compiling of incident reports
  • 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
  • Capturing and processing of payments and transfers on electronic banking platforms.
  • Daily interest and maturity entitlement confirmations across all Fixed income assets

Ad hoc queries and tasks

  • Relevant experience of at least 2 years in a Trade Settlements role is essential
  • A solid understanding of the financial markets and instruments

Ideally knowledge and experience on both local and international markets