Trade and Execution Operations Specialist at Rand Merchant Bank

Job Description

To perform complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing, ensuring timely escalation, to minimize risk

• 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
• Comply with and adhere to identified governance and compliance standards and escalate problems for investigation and resolution Identify and escalate risk as normal part of work
• Ensure adherence to the established procedures, ensures accuracy and validity of all details of each trade transaction executed by a trader
• Ensure transactions not executed by a trader are accurately reflected in the system
• Facilitate timely and accurate communication/notification of trades to the relevant parties.
• Ensure all trades executed in the trading system are processed in the company’s internal accounting system to prevent incorrect transaction or position data from being sent to various internal systems or reflected on reports which use data from the accounting system.
• 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
• Perform various daily reconciliation’s and investigate reconciliation breaks.
• Perform mapping needed in order to reconcile across systems.
• Responsible to reconcile positions daily and follow-up with Front Office if there are any issues.
• Understand process flows in order to identify which systems are causing mismatches and propose possible solutions
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
• Establish relationships with relevant individuals and departments to deliver on work expectations
• Adhere to relevant service level agreements to build trust in the relationship
• Compile reports that track progress and guide business to make informed decisions
• Partner and collaborate with team members to achieve team success
• Share information and knowledge that benefits the team
• Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement
• Ensure skills are transferred in specific functions
• Provide on the job coaching and guidance