Equities Settlement Officer - Associate

About the role

The Johannesburg CIB Operations team supports the Equities and Currency and Emerging Markets businesses. This Equities Settlement Officer position is based in Johannesburg and supervises a small team in the equities settlements space. It suits a motivated, self-driven person who can multi-task, analyse data and processes, manage time well and communicate effectively, with significant interaction with traders, financial control, Trade Assistants and the Middle Office.

Key responsibilities

• Provide day-to-day support to the sales/trading desk on trade bookings, position management and risk reporting
• Run the securities settlement function, including stock borrowing/lending and the Euroclear settlement process
• Ensure a controlled, efficient operating model with control reconciliations such as stock/cash positions and FOBO
• Keep funding positions accurate and make efficient use of the bank's capital
• Liaise with sales/traders, clients, custodians and internal colleagues to ensure timely, accurate processing and settlement
• Ensure compliance with local and international rules and alignment with internal policies
• Resolve daily tasks and extraordinary issues, meet MIS and reporting deadlines, implement new processes and systems, maintain SOPs, manage reference data, support structured trades, new listings and private placements, and convert and settle dual-listed securities

Required profile

• 7+ years of relevant equity operations experience, preferably including institutional activity in South Africa
• Degree or equivalent preferred with strong relevant banking experience
• Equities Settlement Officer qualification
• Cash equities operations experience

Required skills

• Strong logical and analytical skills and understanding of control frameworks, with immediate escalation of control concerns
• Experience implementing new processes and systems
• Solid understanding of the South African equities market and conventions
• Strong communication, leadership and interpersonal skills, and ability to work under pressure