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

Senior Manager: Investment Operations

A specialist South African-based investment management firm is looking for a Senior Manager: Investment Operations to join their team.

Role Description (In conjunction with the Management Team):

  • Developing the firm’s annual operating plan and budget which reflects the strategic plan and priorities approved annually by the firm’s board.
  • Oversee the liaison with all regulatory authorities and organizations on all matters relating to the Company.
  • Contribute to the development of the Company’s strategic goals and objectives as well as the overall management of the organization.
  • Development and application of appropriate tools to manage and predict cash flows, and to monitor projects.
  • Ensure optimal efficiency of Operations, IT, HR and Facilities.
  • Development, implementation and improvement of systems and processes for office management.
  • Ensure organizational process efficiency and sustainability by improving operational processes.
  • Reduce workload of the investment team by assisting where appropriate with investment administration matters.
  • Translating resource requirements into operational and sustainability risk identification
  • Act as additional Key Individual for FSCA purposes
  • Ensure that regulatory compliance matters are resolved timeously and in a manner that does not expose the company to undue risk.
  • Assist with corporate governance matters, including supporting the preparation of board materials, maintaining organisational records and minute books.

Qualifications/knowledge & experience

  • MBA / B. Comm and / or a relevant post-graduate qualification and a demonstrable track record of excellence.
  • Minimum of 5 to 7 years’ experience functioning as part of an operational or investment middle office team in a financial services company.
  • Must have a broad understanding and / or experience in:
    Total Business Management
    Implementing strategy
    Financial Management
    Organisational processes and systems (establish and design systems)
    Business process improvement
    Risk management
    Corporate governance
    Basic understanding of investment management