Specialist: Derivatives at Nedbank

Job Purpose

• We are seeking a highly skilled Derivatives Clearing Specialist to join our team. This individual will play a critical role in ensuring the efficient and compliant clearing of derivatives trades. The successful candidate will have a strong background in finance or accounting, with additional qualifications being advantageous.

Job Responsibilities

• Manage and oversee the clearing process for all derivatives transactions.
• Ensure compliance with relevant regulations, internal policies, and market standards.
• Collaborate with internal stakeholders (e.g., trading, risk, compliance, and IT teams) to ensure seamless operations.
• Maintain and enhance relationships with clearinghouses, brokers, and other external stakeholders.
• Monitor and resolve discrepancies or issues related to derivatives clearing.
• Analyse market trends and regulatory developments to assess their impact on clearing processes.
• Contribute to process improvement initiatives to enhance efficiency and accuracy.
• Provide reporting and insights on derivatives clearing activities to senior management.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• A successfully compelted NQF Level 7 or Higher in Finance, Accounting, or a related field. 
• (Honors or complementary higher qualifications advantageous).

Minimum Experience Level

• Proven experience in derivatives clearing, financial markets, or a related role.
• Strong understanding of derivatives products, clearing processes, and regulatory requirements.
• Proficiency in financial systems and tools used in derivatives clearing.
• Exceptional analytical, problem-solving, and communication skills.
• Ability to work in a fast-paced, high-pressure environment with attention to detail.

Technical / Professional Knowledge

• Administrative procedures and systems
• Microsoft Office
• Relevant regulatory knowledge
• Business writing skills
• Financial Acumen
• Product Knowledge
• Analytical Skills
• Knowledge of risk
• Relevant system knowledge
• Accounting skills

Behavioural Competencies

• Communication
• Continuous Learning
• Collaborating
• Decision Making
• Initiating Action
• Innovation
• Work Standards
• Managing Work