Settlements Manager (Financial Firm) – Cape Town

The Settlements Manager sits within Operations department and reports directly to the Head of Operations

This role also works closely with the Corporate Actions & Events and Banking & Cash Settlements teams

This role is responsible for managing the Settlements team (Securities & Non- Cash) to ensure correct and effective settlement of all securities and non-cash settlements

This role is also responsible to ensure mitigating risk of erroneous capturing and processing of all Settlements

Key Performance Areas will include but not limited to:

  • Ensuring to process all investments and redemptions into funds, fund of funds, etc.
  • Ensuring to develop a process for all new products, services and relationships
  • Ensuring team adhere to JSE regulations, Companies Act, the FMA and STRATE rules
  • Identify areas of risk and ensure that proper controls are in place to eliminate / minimize risks and losses
  • Ensuring to action and control all aspects relating to funds and non-cash settlements
  • Ensuring a cost effective and efficient service is provided to all clients (internal/external) and that it is in line with clients Service Level Agreements/Special standing instructions
  • Management of all daily resolution of any settlement exception or discrepancy
  • Management to ensure team maintains frequent interaction with depositories and counter parties to be able to respond effectively to problems with trade settlements to avoid fails
  • Resolution of problems associated with settlement activity and escalate issues/concerns to Head of Operations
  • Management of all monthly reporting requirements
  • Managing a small settlements team (day-to-day management of responsibilities, as well as performance management, leave approvals, etc)
  • Ensuring coverage of team members for the core tasks of the settlements function (some tasks may need coverage outside of SA business hours)
  • Other Ad hoc tasks relevant to the role

Job-Related Skills & Education

  • Tertiary qualification
  • 5+ years’ experience in Settlements
  • 3+ years’ experience in a Settlements managerial role
  • Proficient in MS Office with proficiency in MS Excel
  • Knowledge of Strate, JSE and international markets in respect of settlements
  • Core Technical Skills
  • Must be proficient in gathering and analysing business requirements and data while applying problem solving techniques
  • Able to work well independently and in a team
  • Able to manage various tasks simultaneously, being excellent at efficient prioritizing
  • Excellent verbal and written communication skills
  • Planning and organizing skills
  • Customer service
  • Lateral thinking
  • Conflict resolution skills
  • Informed decision making
  • Results orientated
  • Financial acumen


Applications can also be emailed to 

Please allow two to three days for contact 

Should you not hear from us within two weeks, please consider your application unsuccessful 

Only candidates can apply for this job.
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Unit 3 Sunningdale Suites
12 Wild Wood Close
Cape Town
+27 21 554 5309 / +27 21 200 6629