Specialist, Derivatives Clearing at Standard Bank Group

Job Description

• We are seeking a detail-oriented and analytical Specialist, Derivatives Clearing to join our team in Johannesburg, South Africa.
• In this role, you will be responsible for managing and optimising our derivatives clearing processes, ensuring compliance with regulatory requirements, and mitigating risks associated with derivative transactions.
• Execute and monitor daily clearing and settlement processes for various derivative products
• Analyse and resolve clearing-related issues, ensuring timely and accurate settlement
• Perform risk assessments and implement risk mitigation strategies for derivative positions
• Liaise with clearing houses, counterparties, and internal stakeholders to manage clearing relationships
• Ensure compliance with local and international regulatory requirements (e.g., EMIR, Dodd-Frank)
• Develop and maintain documentation for clearing processes and procedures
• Contribute to the continuous improvement of clearing systems and workflows
• Prepare and analyse reports on clearing activities, risk exposures, and performance metrics
• Stay abreast of market trends and regulatory changes affecting derivatives clearing

Qualifications

• Bachelor's degree in Finance, Economics, or a related field
• Minimum of 3-5 years of experience in derivatives clearing or a similar role within financial services
• In-depth knowledge of derivatives markets, clearing processes, and settlement procedures
• Strong understanding of risk management principles and practices in derivatives trading
• Proficiency in using clearing house platforms and advanced Excel skills
• Excellent analytical and problem-solving abilities, with keen attention to detail
• Strong communication skills and ability to work effectively in a team environment
• Experience with various types of derivative products (e.g., futures, options, swaps)
• Thorough understanding of financial regulations related to derivatives clearing
• Professional certifications such as CFA or FRM are desirable
• Ability to work under pressure and meet tight deadlines in a fast-paced environment