Manager: Post Trade Services at Nedbank

Job Purpose
To provide manage collateral margining for over-the-counter (OTC) derivatives where corporate clients receive cutting-edge, timely custodial service in order to maximise the relationship between Nedbank and its clients and effectively manage risk.

Job Responsibilities

• Ensure the static data of each agreement is at all times correctly recorded in the collateral management.
• Issue margin calls daily and confirm responses timeously.
• Manage daily collateral movements to ensure the bank is sufficiently covered to mitigate counterparty credit risk that arises from OTC derivative trading.  
• Ensure accurate payment and receipt instructions are sent to the payments department.
• Investigate and resolve disputes in margin calls with counterparties.
• Validate collateral balances daily through reconciliation.
• Run monthly interest payments on collateral, validating amounts and instructing payments and receipts to the payments department.
• Build/develop succession and contingency plans.
• Manage people, cross-skill and encourage continuous development.
• Maintain existing controls and implement revised controls where required, to mitigate operational and reputational risk to Nedbank.
• Keep process documents for the department updated on a regular basis.
• Ensure compliance to all relevant policies and procedures.
• Maintain client trust through service excellence, positive client experience and brand alignment.
• Participate in system projects including the testing and sign off prior to implementation of system upgrades.
• Look for opportunities to digitize and automate processes.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Post Graduate Qualification in Finance, Investment Management or Economics; or
• Financial Industry related qualification for example South Africa's Central Securities Depository (STRATE) or Johannesburg Stock Exchange (JSE) compliance and settlement examinations.

Minimum Experience Level

• 2 - 5 years experience in OTC derivatives 
• 3+ years experience working in Accounting, Financial Service or Capital Markets
• Experience working on MS Office, TriOptima Software and Power BI (advantage)
• Securities Lending and/or borrowing experience will be an advantage
• Global Markets Experience will be an advantage

Type of Exposure

• Communicating job requirements and performance standards to others
• Checking performance data to measure employee performance
• Investigating and reviewing processes to improve client satisfaction
• Enforcing disciplinary actions against employees
• Coaching and mentoring of others
• Assuming a key leadership role
• Providing constructive feedback to employees
• Recruiting and staffing
• Managing business risks

Technical / Professional Knowledge

• Financial Accounting Principles
• Change management
• Principles of project management
• Business administration and management
• Management information and reporting principles, tools and mechanisms
• Service level agreements
• Consumer behaviour
• Client service management
• Diversity management

Behavioural Competencies

• Customer Focus
• Communication
• Earning Trust
• Coaching
• Delegation and Empowerment
• Building Partnerships

Closing Date: 1st, April 2022