Operations Specialist at Rand Merchant Bank

To support Dealers with confirmations, settlements and reconciliations across the various product sets.

Responsibilities:

• Display attention to detail in checking instructions and ensuring trades are booked correctly on source systems
• Monitor exceptions on confirmations that have been electronically generated
• Ensure confirmation processing is within KRI deadlines
• Monitor and follow-up outstanding confirmations in line with specific business requirements
• Following stakeholder confirmation, perform settlements
• 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
• 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
• Understand process flows in order to identify which systems are causing mismatches
• Liaise with clients, BT and/or Dealers to resolve discrepancies, bugs and general issues

Qualifications and Experience:

• Strong product and operational knowledge in Equity Trading, Equity Derivatives, Corporation Actions and Stock Broking
• Strong knowledge and understanding of the Equities Structuring business including Operational Processing and Controls
• Strong knowledge and understanding on various types of Vanilla and Structured Equity Confirmations (structure, format, contents)
• Understanding of legal wording on confirmations
• Effective Stakeholder Engagement in a range of Business and Functional situations
• Operational Risk Management in an environment of constant change and integration
• Business Transformation – Experience in streamlining processes and driving effective change and integration within teams
• Strong communication (written and verbal)

Key Competencies:

• Analysis and Attention to Detail
• Excellence/Quality Orientation;
• Building Relationships;
• Verbal and Written Communication
• Business Insight and Risk Awareness
• Monitoring and Measuring
• Judgment and Decision Making;
• Rule Orientation