ETF Operations Associate

Ninety One; Cape Town; On-site; ZAR 1,200,000 - 2,400,000; Full time

Job summary

Ninety One is seeking an ETF Operations professional to help build and embed the operational foundation for its growing ETF product range. You will work closely with Fund Accounting, Compliance and external administrators to define processes, ensure accurate intraday NAVs and portfolio files, and support onboarding of new market maker relationships as ETF launches continue.

The role requires a finance qualification such as CA(SA) or equivalent, with hands-on ETF/CIS operations experience and a

Qualifications

• CA(SA) or equivalent professional qualification or hands-on ETF/CIS operations experience.
• Experience with CIS or ETF administration, reconciliations or audit is a strong advantage.
• Comfort working in a fluid environment where you help define the process, not just follow it.

Responsibilities

• Build and stabilise the cash movement process for ETF flows (inflows, outflows, distributions).
• Establish AMETF rebate calculations as a repeatable monthly process.
• Support onboarding of new market maker relationships as ETFs launch.
• Assist with daily NAV/IPCF validation and pricing oversight.
• Collaborate with Fund Accounting, Compliance and admins to embed controls in the operating model.
• Document processes and hand over to BAU where appropriate.
• Review related invoices, prepare budgets and analyze variances.

Skills

Attention to detail

Change management

Client focus

Education

CA(SA) or equivalent qualification

Job description

About us:

Ninety One is an independent, active global asset manager withR4 trillion* of assets under management.

Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One.

Our distinctive capabilities sit within differentiated fixed income and credit as well as specialist equities, and we have a unique perspective and approach to investment opportunities presented by emerging markets and the energy transition.

*as at30 June 2026

Ninety One is an equal opportunities employer. Our imperative is to attract and retain the best talent by providing a corporate environment where people from varying backgrounds can develop professionally and build a rewarding career.

About the team:

Ninety One’s ETF product offering is growing. This role sits within Fund Accounting — the team responsible for monitoring and providing oversight of all fund accounting related services from third-party administrators across Ninety One’s global fund ranges. This role is central to building the operational foundation for that growth, working closely with the incoming ETF Operations Director to design and embed the processes that will support the range as it scales.

In this role you will:

• Build and stabilise the cash movement process related to ETF flows — inflows, outflows and distributions
• Establish AMETF rebate calculations as a repeatable, controlled monthly process
• Support onboarding of new market maker relationships as further ETFs launch
• Assist with daily S&P iNAV/PCF and Pricing oversight — validating intraday NAV and portfolio composition files
• Work closely with Fund Accounting, Compliance and external administrators to embed controls into a new operating model
• Document processes and procedures as the operating model is built, ready to hand over into business‑as‑usual
• Responsible for the review of related invoices, preparation of budgets, and analysis of variances

You should consider applying if you have:

• CA(SA) or equivalent professional qualification, or demonstrable hands‑on experience in ETF or CIS operations
• Experience with CIS or ETF administration, reconciliations, or audit — direct ETF exposure a strong advantage
• Comfort working in a fluid, still‑forming environment where you’re helping define the process, not just following one

Some of the attributes we look for in a person are:

• Ability to recognise and embrace change
• The ability to ‘approach and own’ and continuously look for opportunities to develop
• Intellectual curiosity
• A client focused and collaborative approach

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