Vacancies

Settlement Officer: Night Shift (Prescient Fund Services)

Reporting line

Team Leader: International Trade Settlements

Location

Westlake, Cape Town

Business Unit

Prescient Fund Services
Apply Now

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

DUTIES & RESPONSIBILITIES

  • Working hours: 7pm – 3am daily
  • Ensure all capturing / processing, matching and settlement of trades to the accounting system timeously.
  • Ensure trades are matched between client notification and counterparty confirmation
    • 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
  • Managing status of trades and requirements 
  • 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.
  • Maintaining broker settlement details, contact details and brokerage rates
  • Ensure all applicable reconciliation and exception reports are performed and /or reviewed on a daily/weekly/monthly basis- refer to Key Responsibilities list.
  • 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 qualification(s), Commerce, Investments, Economics required

KEY COMPETENCIES

  • Self-starter
  • Ability to work under limited supervision and able to work the night shift hours (&pm – 3am)
  • 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?

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

INTERESTED? APPLY NOW

Thank you for your application.

We will review and get back to you as soon as possible.

There has been an error

Please try sending this message again

PRESCIENT GLOBAL

WE ARE A MULTINATIONAL BUSINESS.

South Africa

  • South Africa
  • China
  • Ireland

Enquiries

+27 21 700 3600

Please enter to search or esc to cancel

SUGGESTED TERMS

  • Investor Application
  • Stockbroker
  • Factsheet
  • Retirement Fund Solutions