Settlement Officer Cape Town

Ca Financial Appointments; Cape Town; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A financial services firm seeks a Settlement Officer in Cape Town. The role requires a minimum of 2-3 years' experience in a settlements role within fund services or wealth management, and a solid understanding of financial markets and instruments. Responsibilities include capturing and settling trades, ensuring trade accuracy, and maintaining broker details. This position is ideal for candidates knowledgeable in both local and international markets.

Qualifications

• Minimum 2-3 years' experience in a Settlements role within fund services.
• Solid understanding of financial markets and instruments.
• Knowledge of local and international markets.

Responsibilities

• Capture and settle trades to the accounting system.
• Match trades between client notification and counterparty confirmation.
• Reconcile manager notifications with counterparty confirmations.
• Send settlement instructions to custodian for trades.
• Manage trade statuses and requirements.
• Maintain broker settlement details and brokerage rates.
• Monitor front office trades for STP settlement.
• Compile incident reports and maintain process controls.

Skills

Experience with international markets

Knowledge of equities

Understanding of FX

Experience with collective investment schemes

Education

Tertiary qualification in Commerce, Investments, or Economics

Job description

Settlement Officer Established fund services team seeks a Settlement Officer to join them.

This is a strong and stable team, looking for suitable candidates with no less than 2 years' experience in a similar role within fund services, wealth or similar with experience with international markets, and specifically equities, FX and collective investment schemes.

Responsibilities

• Capturing / processing, matching and settlement of trades to the accounting system
• Ensure trades are matched between client notification and counterparty confirmation
• Ensure reconciliation of the managers notification and counterparty confirmation
• Sending settlement instructions to custodian for all trades
• Managing status of trades and requirements
• Maintaining broker settlement details, contact details and brokerage rates
• Monitoring of front office trades to ensure STP settlement into the accounting platform
• Compiling of incident reports and assist in implementing and maintaining process controls

Requirements

• Minimum of a completed tertiary qualification either Commerce / Investments / Economics or similar
• Minimum of 2-3 years' experience in a Settlements role in Fund Services / Investment / Wealth Management environment
• Solid understanding of the financial markets and instruments essential
• Knowledge and experience on both local and international markets

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