Vacancies

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. 

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