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ROLE PURPOSE

Responsible for the Operational and Trade settlement related support activities within the Balance sheet Management’s Back Office function for the timely and efficient document processing and implementation of operational procedures to support front office trading activity.  

RESPONSIBILITIES

To ensure transactions and settlements are validated and any exceptions are investigated and resolved with the Front Office and Middle Office on a timely basis

To ensure accurate and timely confirmation of Front Office transactions and settlements 

To perform control function over daily settlements movements, ensuring accuracy and completeness of all payments prior to release for automated settlement 

To verify that all payments and receipts have been accounted for on the bank and nostro accounts

Daily cash reconciliations and the investigation and resolution of any cash breaks

Daily Script and position reconciliations and the investigation and resolution of any breaks

Providing continuous input towards detecting defects and streamlining the system and control processes

Ensure effective risk management of operational functions to avoid financial losses

Maintain effective management of transactional costs

Effective settlement of trades and reconciliation of in-house bank accounts

Assisting with the annual Statutory Audits in the form of trade confirmations and existence testing requests

To effectively work with internal and external stakeholders in resolving issues and exceptions in confirmation, settlement or reconciliation of trades and positions

Ensure service excellence by providing guidance and support to internal clients (business units) Adhere to SLA agreements

REQUIREMENTS

Bachelors degree or Diploma in Banking or Finance

Back Office Experience in an Investment Banking or similar environment (The focus will be on Fixed Income and derivatives)

3 -5 years experience in Banking and Financial services Industry, with specific focus on complex derivatives / structured products, settlements and confirmation processes