Equity Settlements Specialist - CSDP

JSE Limited; Sandton; On-site; ZAR 350,000 - 520,000; Full time

Job summary

JSE Limited in Sandton seeks a detail-oriented professional to support CSDP operations in equity settlements and corporate actions. You will process funding obligations, capture equity instructions, and issue confirmations to internal teams and clients, while ensuring timely monthly reporting and accurate reconciliations.

Strong knowledge of regulatory obligations (FAIS, FICA, POPI, TCF) and risk controls is essential, as is the ability to liaise with banks, vendors, Strate, and Regulators to

Qualifications

• Matric and finance-related certificate/diploma required.
• Strate Module 1-3 Accreditation through SAIFM is essential.
• Sound understanding of FAIS, FICA, POPI and TCF obligations.

Responsibilities

• Process daily funding obligations to Clearing Bank within funding windows.
• Review daily reports and resolve balancing issues.
• Capture Equity Instructions (On-exchange and Off-exchange).
• Send settlement confirmations to internal departments and clients.

Skills

Attention to detail

Problem solving

Customer service

Education

Matric

Relevant Certificate/Diploma (Finance or equivalent)

Strate Module 1-3 Accreditation through SAIFM

Tools

Strate System

SAIFM Accreditation

Job description

Job category: Banking, Finance, Insurance. Stockbroking

Contract: Permanent

Remuneration: Market Related

EE position: Yes

About our company

WHY JOIN THE JSE? The JSE recognises that its success and strength depend on the quality of its employees. We are committed to fostering a culture of continuous learning and high standards of performance. Our employee wellness programme is designed to encourage work-life balance for employees. We naturally seek to empower staff and encourage diversity and opportunities for all.

Introduction

To provide support to team and head of CSDP, through the timely and accurate processing of work as received by various Departments, whilst ensuring strict compliance with policies and procedures.

Functional Operational Support:

• Daily funding obligations sent out to Clearing Bank to process within the funding windows.
• Review various daily reports and resolve any balancing issues.
• Capturing of all Equity Instructions (On-exchange and Off-exchange).
• Send settlement confirmation of all on-exchange and off-exchange trades that settled to internal departments and clients.
• Calculate monthly Securities Transfer Tax payable to SARS before the 14 th day of each month.
• Review and analyse market change requests and draft BRS to System vendor
• Market Testing
• Prepare and email transaction advice and contract notes to all own name clients.
• Monitor all status intimations and report on all unmatched trades.
• Prepare and submit monthly reports for all on-exchange and off-exchange transactions.
• Monthly accruals
• Upload Price feed
• Sharedealing MTN/SOL/SOLBE1

Compliance:

• Ensure all document and administration processes adhered to the necessary regulatory (Strate), and other processes and procedures, in accordance with transactional timelines to prevent risk exposure or monetary penalties.
• Ensure that all FAIS / FICA / POPI and TCF obligations as they relate to the CSDP, are adhered to.
• Maintain and improve quality results by adhering to standards and guidelines, recommending improved procedures.
• Operate within controls and procedures to ensure the integrity of the JSE.
• Identify and report risks or areas of concern to management within area of responsibility.
• Ensure compliance with all relevant regulations and procedures to prevent fruitless, wasteful and irregular expenditure

Customer Service:

• Maintain effective working relationships with customers (both internal and external) towards rendering highest quality of services.
• Identify and solves problems whilst demonstrating a high level of integrity in line with the JSE core values.
• Extract and send daily / monthly / bi-annual reports to clients
• Update client list for JSE.
• Liaise with Institutional / Individual clients, Strate and all other relevant parties / Regulators.
• Ensure that JIS CSDP provides a high-quality service to all external and internal clients
• Effectively attend to meeting requirements from all Issuers and external service providers.
• Keep abreast of market changes and keep clients informed.
• Liaise with vendors regarding system issues and enhancements

Ad Hoc Support:

• Provide back-up support services for other areas, as and when required.
• Assist with new projects as well as various ad hoc projects as required by management

Cost Control:

• Promote the effective and transparent use of financial and other resources.
• Monitor expenditure and ensure spending occurs within budgetary limits and the JSE financial guidelines, report deviations to direct Manager.
• Explore opportunitues to control and reduce costs

Qualifications:

• Matric
• Relevant Certificate/Diploma ( Finance or equivalent)
• Strate Module 1-3 Accreditation through SAIFM

Experience:

• 3-5 years experience operating in an Equity Settlements or Corporate Actions role

Additional Requirements:

• Code B drivers license or relicable transport
• Strate Module 1-3 Accreditation through SAIFM
• Understanding of regulatory environment, laws, acts and rules.
• Understanding of FICA, STRATE and legal documents.