Settlement Officer: Night Shift - Western Cape, Cape Town, South Africa - Prescient

    Prescient
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    Full time
    Description

    Prescient's job vacancy, Career and Recruitment

    Job title : Settlement Officer: Night Shift (Prescient Fund Services) jobs in Western Cape

    Job Location : Western Cape, Cape Town

    Deadline : May 03, 2024

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    DUTIES & RESPONSIBILITIES

  • Working hours: 7pm – 3am daily
  • Ensure all capturing / processing, matching and settlement of trades to the accounting system timeously.
  • Ensure trades are matched between client notification and counterparty confirmation
  • Ensure that the managers notification reconciles with the counterparty confirmation

  • Sending settlement instructions to custodian for all trades timeously via SWIFT, Omgeo or Workbench as necessary only once deals have been matched to the counterparty confirmations
  • Managing status of trades and requirements
  • Managing status of trades and requirements
  • Maintaining broker settlement details, contact details and brokerage rates
  • Monitoring/processing of front office trades to ensure STP settlement into the accounting platform
  • Compiling of incident reports and assist in implementing and maintaining process controls
  • Resolving external and internal queries relating to all trades from brokers, clients and custodians
  • You will need to build and maintain healthy client and counterparty relationships to ensure resolution of settlement issues identified.

  • Maintaining broker settlement details, contact details and brokerage rates
  • Ensure all applicable reconciliation and exception reports are performed and /or reviewed on a daily/weekly/monthly basis- refer to Key Responsibilities list.
  • Project related tasks: testing and implementing new solutions. Look to using online solutions instead of using existing manual forms and sending manual instructions.

    REQUIRED EXPERIENCE
  • Relevant experience of at least 2-3 years + experience in a Settlements role in Fund Services / Investment / Wealth Management environment required.
  • A solid understanding of the financial markets and instruments essential.
  • Ideally knowledge and experience on both local and international markets including experience working with Omgeo.

    REQUIRED QUALIFICATIONS
  • Relevant tertiary financial qualification(s), Commerce, Investments, Economics required

    KEY COMPETENCIES
  • Self-starter
  • Ability to work under limited supervision and able to work the night shift hours (&pm – 3am)
  • Positive team player
  • Hard working and deadline driven
  • High levels of honesty and integrity
  • Diligent and thorough
  • Strong written and verbal communication skills
  • Strong attention to detail

    *Accounting / Financial Services jobs in south africa
    *Settlement Officer: Night Shift (Prescient Fund Services) in Cape Town