Settlement & Confirmation Specialist at Nedbank

Job Purpose

Control: To assist the manager in ensuring product control by managing the validation and running of rates; trade amendments; market valuations; profiles and portfolios in order to achieve Nedbanks strategic objectives.Settlement: To minimise losses and reduce overall cost of operations in order by ensuring all trades are confirmed and settled according to timelines in order to achieve Nedbanks strategic objectives.

Job Responsibilities

• Control daily rate resets, trade amendments, user access, portfolio creation, market to market valuations by confirming Reuters feed into trading systems.
• Contribute to system projects by running test cases and confirming systems validity.
• Provide advice on system products by solving queries timeously.
• Ensure trades are settled by making sure there is sufficient script to settle the trades.
• Minimise losses and reduce overall cost to business by ensuring all trades are confirmed and settled as per agreed timelines.
• Deal with queries by liaising with stakeholders and internal clients to avoid failed trades and penalties (reputational risk).
• Manage internal and external client satisfaction by building and maintaining relationships,  understanding client needs and delivering services to meet client requirements.
• Collaborate with internal and external stakeholders by building  and maintaining relationships and giving and receiving feedback.
• Monitor own performance by tracking against performance goals and taking corrective actions.
• Manage staff and resource plans by ensuring accountability in task  and/or project allocation.
• Manage operating risks at targeted levels by driving  compliance  to internal and external guidelines, policies, procedures, business rules, regulatory needs, defined parameters and compliance/governance requirements.
• Manage risk in business area by analysing and  taking action regarding regulatory  and audit reports.
• Resolve work obstacles by putting contingency plans in place and taking corrective action.
• Contribute to policy, procedures and standards development by making recommendations for improvement.  
• Support the achievement of the  business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.. Green Strategy).
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

Job Responsibilities Continue

People Specification

• Essential Qualifications - NQF Level
• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• Bachelor of Commerce

Essential Certifications

• ACI certification (ACI - Governing Body)
• Preferred Certifications

Minimum Experience Level

• 5 years experience in financial markets

Technical / Professional Knowledge

• Business writing
• Communication Strategies
• Data analysis
• Industry trends
• Principles of project management
• Relevant software and systems knowledge
• Research methodology
• Decision-making process
• Cluster Specific Operational Knowledge
• Asset Risk Management

Behavioural Competencies

• Coaching
• Communication
• Continuous Learning
• Decision Making
• Planning and Organizing
• Technical/Professional Knowledge and Skills