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Settlement Officer (Prescient Fund Services)

Reporting line

Team Leader: International

Location

Westlake, Cape Town

Business Unit

Prescient Fund Services
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To assist Prescient Fund Services (PFS) clients with the trade matching and settlement process.

DUTIES & RESPONSIBILITIES

  • Ensure all capturing / processing, matching and settlement of trades to the accounting system timeously for International markets namely Equities, FX’s and CIS investments
  • Ensure trades are matched between client notification and counterparty confirmation
    • Ensure trades are matched between client notification and 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.
  • Managing status of trades and requirements
  • Maintaining broker settlement details, contact details and brokerage rates
  • Monitoring/processing of front office trades to ensure STP settlement into the accounting platform
  • Compiling of incident reports and assist in implementing and maintaining process controls
  • 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.
  • Ensure all applicable reconciliation and exception reports are performed and /or reviewed on a daily/weekly/monthly basis
  • Project related tasks: testing and implementing new solutions. Look to using online solutions instead of using existing manual forms and sending manual instructions.

REQUIRED EXPERIENCE

  • Relevant experience of at least 2-3 years + experience in a Settlements role in Fund Services / Investment / Wealth Management environment required.
  • A solid understanding of the financial markets and instruments essential.
  • Ideally knowledge and experience on both local and international markets including experience working with Omgeo.

REQUIRED QUALIFICATIONS

Relevant tertiary financial qaulification(s), Commerce, Investments, Economics required

KEY COMPETENCIES

  • Self-starter
  • Ability to work under limited supervision
  • Positive team player
  • Hard working and deadline driven
  • High levels of honesty and integrity
  • Diligent and thorough
  • Strong written and verbal communication skills
  • Strong attention to detail

WHY THIS ROLE?

This is a great opportunity to join the Trade Management team of Prescient Fund Services (PFS) where you will experience excellent career exposure and growth. 

INTERESTED? APPLY NOW

Position

Settlement Officer (Prescient Fund Services)

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