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 kyra@glass-house.co.za
Please allow two to three days for contact
Should you not hear from us within two weeks, please consider your application unsuccessful
