Reference : 12492
Date Added: 2011-12-13

Job Description

This good career opportunity is open to South African citizens only. To apply for this position you will need experience working in a financial services environment and preferably a tertiary qualification that is industry relevant.

The main duties of the position include:

To perform the duties of the dealing and settlement function as outlined by the operating processes around dealing and settlement of cash and trade instructions;

Be responsible for the set-up of dealing bank accounts and signatory requirements for authorisations;

Be responsible for all tasks involved with opening new investment accounts with underlying mancos;

For cash instructions, prepare and ensure accurate and timely execution and authorisation of:

Transfer of Investor subscriptions and redemptions;

Placing and recalling cash from deposits;

Transfer of cash to flow with trading instructions;

Payment of expenses;

Third party cash transfers;

For trading transactions, on receipt of appropriate instructions prepare and ensure accurate and timely execution and authorisation of:

Unit Trust investments through Finswitch;

Fund of Hedge Fund investments through administrators;

Other OTC deals as agreed by Dealing desk;

To run an order book to ensure the above trades are done as well as to ensure appropriate follow up for confirmation legs of transactions;

To ensure the companyis aware of risks and issues arising from the activities of the division through the appropriate Risk reporting framework;

Skills and experience required:

Tertiary qualification and 2 years applicable experience or 5 years operational experience;

Excellent financial services process & product knowledge;

Excellent knowledge of financial instruments;

Experience on dealing activities;

Good understanding of cash and trade instruction cycles;

Good knowledge of systems and systems control environments;

Good accounting and audit experience;

Knowledge of risk management processes an advantage;

Good communication, documentation and presentation skills;

Be able to “think outside the box” and adapt to changing requirements;

Be meticulous and have a high attention to detail;

Be calm and stay focussed in stressful/high pressured situations;

Salary:  R151 800 per annum

Consultant: Ryan De Stadler

Send To A Friend

Recommend a friend to us and simply receive a gift voucher.

To claim your free voucher recommend a friend or colleague to us and if they get placed in a job you'll receive your gift voucher. All we need from you is to complete the information below. If you are registered Candidate on Contract Accountant’s Database, and you refer an individual who we then successfully place into a job, we will offer you a token of our sincere appreciation in the form of a R200.00 gift voucher.