Officer Futures Clearing at Absa Group Limited (Absa)

About the Job

Job Summary

• CIB Post Trade Services Team (PTS) is currently looking for a Futures Clearing Officer to perform key functions within the Futures Clearing Operations Team. The most important of these being daily balancing to the JSE also reconciliation and support between the JSE and other non-clearing members (brokers). The role also includes being the first line contact point for the clients of Futures Clearing.

Job Description

Accountability: Daily/Monthly balancing, Account setup and query management

• Daily balancing with the JSE on all three markets, Commodity, Financial and Yield-X (10%)
• Opening, closing and amending client accounts on the Global Clearing Management System and the FBSS cash management system
• Setup and amend commission structures and rating codes on client accounts
• Ensuring all client queries assigned to them are closed out asap
• Interacting with the JSE and the system vendor where necessary
• Reconciling accounts where necessary
• Performing daily and monthly settlement and operations activities/procedures
• Liaising with the relevant internal and external parties to resolve
• Gain proficiency on the clearing systems

Accountability: Customer Service

• Owning a sub-set of clients and performing a vital client relationship role that involves understanding their needs and structure and attending to their queries timeously as well as updating them on the status of any outstanding queries.
• Create a specialised service and unique experience by understanding each individual client.

Accountability: Reporting

• Report generation and sending through the GCMS Reporting tool
• Identify error on reports and resolve accordingly

Accountability: Project Work

• Process reengineering critical in improving the operations of the desk.
• Testing of upgrades, bug fixes and quarterly system updates.

Education

• Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)