Settlement Specialist at FNB South Africa

Job Description

• To focus on the end to end settlement process to mitigate risk in terms of reporting to STRATE and to ensure that the process is enhanced for alignment to any legislative changes.
• Hello Future Settlements Specialist
• Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.
• As part of our team in FNB Wealth and Investments, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can: 

• Manage own costs and expenses associated with role to enhance cost effectiveness.
• Identify and escalate potential risks which may lead to increased costs
• Contribute to an effective client service delivery culture through adherence to approved organisational service delivery principles
• Resolve customer dissatisfaction/complaints by taking ownership of the problem
• Cultivate and manage objective working relationships with a variety of stakeholders, including end-users, SME’s, project managers and senior staff members
• Report on transactional activity progression within set guidelines to provide timely information for decision making in area of accountability
• Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution

You will be an ideal candidate if you:

• Plan and organise multiple work outputs by assigning priorities and continuously reviewing objectives and goals
• Are responsible for end-to end function of the Settlement lifecycle
• Ensure that there are no script imbalances
• Identify training/development needs and pro-actively identify effective solutions to address own and employee development gaps
• Ensure that all client and proprietary trades settle accurately and on time, complying with regulatory and industry standards
• Handle settlement discrepancies and failures proactively to reduce financial and reputational risk.
• Support the team’s ability to handle trade volume and transaction complexity, ensuring seamless workflow without delay or disruption

You will have access to: 

• Opportunities to network and collaborate across FirstRand Group
• A mentally stimulating working environment
• Opportunities to innovate

We can be a match if you:

• Have a Degree in Finance, Investments or equivalent (would be an added advantage)
• Have a JSE Equity Settlement Officer Qualification (would be an advantage)
• Have 2-4 years of experience in a securities or financial services role, particularly within a settlements or back-office department
• Have practical knowledge of the JSE trading and settlement process
• Confirm and reconcile trades daily across different asset classes
• Have experience in roles like trade support, financial control, or investment operations that involve managing securities trades
• Liaise with internal teams and external counterparties to resolve discrepancies
• Monitor regulatory compliance within trade settlements
• Ensure all settlements are executed accurately and efficiently to prevent client impact