(643) Associate Trade Settlement Officer – Foreign Markets - FMD at South African Reserve Bank

Detailed description 

The successful candidate will be responsible for the following key performance areas:

• Capture and monitor trade flows from trade execution to settlement, while ensuring that all controls to mitigate any risks are adhered to.
• Proactively monitor the flow of transactions throughout the integrated systems to ensure final settlement and escalate identified challenges where necessary. 
• Check and authorise all batches related to fixed income, futures, foreign exchange (FX) money market instruments and all other FX payments.
• Ensure that all the minimum balances are held in each Nostro account by end of day.
• Review and update all procedure manuals regularly.
• Open accounts for new portfolios with custodian(s).
• Participate in the transition of internal and external portfolios.
• Purchase gold coins from the public.
• Process claims related to late settlements.
• Handle ad hoc internal and external client queries, including requests for balances and statements.
• Maintain operational relationships with clients and counterparties.
• Participate in ad hoc projects and perform ad hoc tasks.
• Propose and implement refinements and continuous improvements to systems, tools, methods and processes.
• Interpret settlement reports and take appropriate actions when necessary.
• Ensure that work is performed within established practices, processes, rules and regulations, ensuring compliance with standards, policies and other guidelines.
• Keep abreast of market developments related to the settlement environment.

Qualifications

Job requirements

To be considered for this position, candidates must be in possession of:

• an NQF 5 level qualification in Finance, Banking or Commerce, or an equivalent qualification; and
• 2–5 years’ experience in investment risk management or a related field.

The following would be an added advantage:

• an ACI Operations Certificate.

Additional requirements include: 

• in-depth knowledge and understanding of foreign financial markets, instruments and stakeholders;
• working knowledge and understanding of foreign market systems (e.g. Calypso, FlexCube, SWIFT, Banker’s Almanac);
• a customer service orientation;
• proficiency in Microsoft Office;
• availability to work irregular hours on an ad hoc basis;
• proven ability to deliver results and to respond quickly and effectively to requests; and being a team player.