Settlement Officer

Hire Resolve; Cape Town; On-site; ZAR 350,000 - 480,000; Full time

Job summary

Hire Resolve is seeking a Settlement Officer to join our client in Cape Town. The role focuses on managing and coordinating the settlement process for various financial transactions, ensuring timely settlements and regulatory compliance.

You will work with internal teams, counterparties, and regulatory bodies, performing due diligence, reconciling instructions, and resolving discrepancies in a fast-paced environment.

Qualifications

• Bachelor's degree in Finance, Economics, or a related field.
• Strong attention to detail and analytical skills.
• Excellent communication and interpersonal skills.
• Proficiency in using settlement systems and platforms.

Responsibilities

• Manage the settlement process for equities, bonds, and derivatives.
• Conduct due diligence on transaction details and documentation.
• Coordinate fund transfers and ensure timely settlement of trades.
• Monitor and reconcile settlement instructions with counterparties and clearinghouses.
• Resolve settlement-related issues, discrepancies, and failed trades.
• Communicate with internal teams, counterparties, and regulators to ensure compliance.
• Maintain accurate and up-to-date records of settlement activities.
• Stay current with industry regulations and market practices in settlement systems.
• Participate in development and implementation of new settlement processes and systems.

Skills

Attention to detail

Analytical skills

Communication

Interpersonal skills

Settlement systems

Education

Bachelor's degree in Finance/Economics or related field

Tools

Settlement platforms

Job description

Settlement Officer

Hire Resolve is currently seeking a Settlement Officer to join our client's team in Cape Town. As a Settlement Officer, you will be responsible for managing and coordinating the settlement process for various financial transactions. You will work closely with internal teams, external counterparties, and regulatory bodies to ensure the smooth and timely settlement of trades and transactions.

Your role will involve conducting due diligence, verifying transaction details and documentation, coordinating fund transfers, and resolving any settlement-related issues or discrepancies. Strong attention to detail, excellent communication skills, and the ability to work effectively in a fast-paced environment are essential for success in this role.

Responsibilities:

1. Manage the settlement process for various financial transactions, including equities, bonds, and derivatives.
2. Conduct due diligence on transaction details, documentation, and counterparties.
3. Coordinate fund transfers and ensure timely settlement of trades and transactions.
4. Monitor and reconcile settlement instructions with counterparties and clearinghouses.
5. Resolve settlement-related issues, discrepancies, and failed trades.
6. Communicate with internal teams, external counterparties, and regulatory bodies to ensure compliance and efficient settlement processes.
7. Maintain accurate and up-to-date records of settlement activities.
8. Stay current with industry regulations, market practices, and technological advancements in settlement systems.
9. Participate in the development and implementation of new settlement processes and systems.

Requirements:

1. Bachelor's degree in Finance, Economics, or a related field.
2. Minimum of 3 years of experience in settlement operations or a similar role within the financial services industry.
3. Strong understanding of settlement procedures, market practices, and regulatory requirements.
4. Excellent knowledge of securities and financial instruments.
5. Proficiency in using settlement systems and platforms.
6. Strong attention to detail and analytical skills.
7. Excellent communication and interpersonal skills.
8. Ability to work effectively in a fast-paced and dynamic environment.
9. Problem-solving and decision-making abilities.
10. Ability to work independently and as part of a team.
11. Flexibility to work outside of regular business hours, if required.

If you meet the above requirements and want to make a career-changing move, apply today by either filling in the online application form or by emailing your CV to [e-mail].

We will contact you telephonically in 3 days should you be suitable for this vacancy. If you are not suitable, we will put your CV on file and contact you regarding any future vacancies that arise.