Money Market Trading Operations Specialist

FirstRand Bank Limited; Sandton; In loco; ZAR 600.000 - 900.000; Tempo pieno

Descrizione del lavoro

FirstRand Bank Limited is seeking a Money Market Trading Operations Specialist to support front office trade confirmations, settlements and reconciliations across product sets.

The role emphasizes governance, timely escalation, and proactive risk management to ensure accurate processing and data integrity within internal systems.

Competenze

• Bachelor of Commerce in related field.
• 4 to 5 years' experience in Operations.

Mansioni

• Support front office with confirmations, settlements and reconciliations across product sets.
• Ensure timely escalation to minimise risk and resolve issues.
• Monitor system alerts and ensure settlements occurred successfully.
• Load/amend/delete trades with required approvals and backdated actions where appropriate.
• Reconcile positions daily and investigate discrepancies with Front Office.

Conoscenze

Operations experience

Trade confirmations

Settlement processing

Reconciliation

Governance & compliance

Risk awareness

Process improvement

Team collaboration

Formazione

Bachelor of Commerce

Strumenti

Trading systems

Descrizione del lavoro

Job Description Dear Money Market Trading Operations Specialist, RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact. United by our proud heritage and strong ethics. Innovative ideas, it’s the magic of our people and culture that sets us apart. Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

This role entails performing complex work tasks that support front office teams with the fulfilment of the processing functions of confirmations, settlements, and reconciliations across the various product sets and in understanding the processes support with the management of query remediation in the trade life-cycling and other day-to-day processing, ensuring timely escalation, to minimise risk.

Are You Someone Who Can:

• Execute transactions consistently, efficiently, and accurately.
• Perform all functions associated with the trade confirmation, settlement, and monitoring in line with minimum standards.
• Ensure segregation of duties are always maintained between relevant processing functions.
• Monitor system alerts to confirm that settlements occurred successfully.
• Accurately load/amend/delete Cession and Pledges which is supported by the necessary approvals.
• Facilitate timely and accurate confirmations of trades to relevant parties.
• Comply with and adhere to identified governance and compliance standards and expedite problems for investigation and resolution Identify and escalation risk as normal part of work.
• Ensure adherence to the established procedures, ensures accuracy and validity of all details of each trade and that each transaction reflects appropriately.
• Facilitate timely and accurate communication/notification of trades to the relevant parties.
• Ensure all trades executed in the trading system are processed in the company’s internal accounting system to prevent incorrect transaction or position data from being sent to various internal systems or reflected on reports which use data from the accounting system.
• Investigate and resolve open exception items and escalated to relevant stakeholder(s) for resolution.
• Perform various daily reconciliation’s and investigate reconciliation breaks for appropriate resolution.
• Responsible to reconcile positions daily and follow-up with Front Office if there are any issues.
• Understand process flows to identify which systems are causing mismatches and propose possible solutions.
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy.
• Ensure all End of Day/Start of day and Intraday checks are performed.
• Follow correct process to unsettle and backdate trades, corrections, early redemptions (where appropriate) are actioned with required approvals in place.
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity.
• Establish relationships with relevant individuals and departments to deliver on work expectations.
• Adhere to relevant service level agreements to build trust in the relationship.
• Compile reports that track progress and guide business to make informed decisions.
• Partner and collaborate with team members to achieve team success.
• Share information and knowledge that benefits the team.
• Participate and contribute to a development culture where information regarding successes, issues, trends and ideas are actively shared.
• Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies.
• Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement.

You Will Be An Ideal Candidate If You Have:

• a Bachelor of Commerce in related field
• 4 to 5 years' experience in Operations

You Will Have Access To:

• Opportunities to network and collaborate
• Challenging Work
• Opportunities to innovate

Are you interested to take the step? We look forward to engaging with you further.

Important Closing Date Note Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 24/10/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group’s track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.