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  • Posted: Oct 10, 2019
    Deadline: Not specified
  • Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. As the corporate and investment banking arm of Firs...
    Read more about this company

    Operations Specialist - Equities

    To support Dealers with confirmations, settlements and reconciliations across the various product sets.


    • Display attention to detail in checking instructions and ensuring trades are booked correctly on source systems
    • Monitor exceptions on confirmations that have been electronically generated
    • Ensure confirmation processing is within KRI deadlines
    • Monitor and follow-up outstanding confirmations in line with specific business requirements
    • Following stakeholder confirmation, perform settlements
    • Display accuracy and attention to detail in ensuring settlements are correctly processed in line with minimum standards
    • Monitor system alerts to confirm that settlements occurred successfully
    • Analyse previous day’s Exception Report and attend to any open items
    • Investigate and resolve open exception items and escalate to relevant stakeholder(s) for resolution
    • Understand process flows in order to identify which systems are causing mismatches
    • Liaise with clients, BT and/or Dealers to resolve discrepancies, bugs and general issues

    Qualifications and Experience:

    • Strong product and operational knowledge in Equity Trading, Equity Derivatives, Corporation Actions and Stock Broking
    • Strong knowledge and understanding of the Equities Structuring business including Operational Processing and Controls
    • Strong knowledge and understanding on various types of Vanilla and Structured Equity Confirmations (structure, format, contents)
    • Understanding of legal wording on confirmations
    • Effective Stakeholder Engagement in a range of Business and Functional situations
    • Operational Risk Management in an environment of constant change and integration
    • Business Transformation – Experience in streamlining processes and driving effective change and integration within teams
    • Strong communication (written and verbal)

    Key Competencies:

    • Analysis and Attention to Detail
    • Excellence/Quality Orientation;
    • Building Relationships;
    • Verbal and Written Communication
    • Business Insight and Risk Awareness
    • Monitoring and Measuring
    • Judgment and Decision Making;
    • Rule Orientation

    Method of Application

    Interested and qualified? Go to Rand Merchant Bank on to applyInterested and qualified candidates should apply using the Apply Now button below.
  • Send your application

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