Equity Settlements Officer at Citi

Role Overview:

• The Equities Settlement Officer, is an intermediate level position responsible for post trade activities within settlements/middle office operations, focusing on corporate actions, equities, and derivatives.  The Operations team is small and requires team members to be multi-functional in the full life cycle of post trade activities.

What you'll do:

Corporate Actions 

• This role will manage all activities related to Corporate Action events and income processing on Cash Equities and Securities Lending activities.

Equity/Derivatives post-trade activities

• Process securities transactions, provide analytical support to traders, and review equity/derivative products.
• T1 to T3 trade monitoring, failed management
• Stock Borrowing to facilitate Shorts in the market
• Derivatives/OTC reconciliation
• General Ledger Reconciliation (local and global systems)

Cash Management

• Collateral/Margin calculations
• Reg IM Collateral/Pledge
• Month-end Fee and Interest
• Daily Cash Flow forecasting
• Funding
• Vendor Invoicing

What we'll need from you:

• Experience: Previous experience in equity office operations within a financial institution, with a preference for experience in Equity, Derivatives, or Corporate Actions.
• Qualifications - JSE Settlement Officer Exam, ACI, UJ Markets or equivalent Operations qualification an advantage. 
• Product Knowledge: Understanding of equity operations across cash equities, dual listed, equity conversions, corporate actions and equity futures.
• System Knowledge: multiple systems, both regional and global.
• JSE BDA and ECS systems, DTCC CTM/ALERT, SLAMS.
• PRIMO, FullSuite, GMI, an advantage
• Microsoft applications
• Interpersonal Skills: Experience interacting with settlement teams, middle office, clients,
•  financial institutions and service providers internal/external.
• Work Ethic: Ability to work under pressure, meet tight deadlines, and manage multiple tasks with strong attention to detail.  Rotational support for flexi-time roster will be required.
• Mindset: Control-oriented, problem-solving, and a team player.
• Communication: Clear and concise written and verbal communication skills, with the ability to work with diverse teams and geographical locations.
• Change Management: Experience or ability to drive process improvement and efficiency gains.
• Process Improvement & Problem Solving: Utilize data analysis to recommend process improvements, resolve settlement issues, and escalate complex problems.
• Project Participation: Contribute to projects involving new products, services, and platform upgrades.
• Policy & Risk Management: Identify policy gaps, formulate new policies to streamline trade flows, monitor errors to minimize risk, and ensure compliance with regulations and ethical practices.