- Durban
- Salary: R54 167.00 - R58 333.00 Per Month
- Job Type: Permanent
- Sectors: Accounting
- Reference: NFP014209/Roby
Vacancy Details
Employer: Network Recruitment
You will be part of the team that oversees back office operations and provides support for trade settlement and confirmation activities within Balance Sheet Management. You will assist front office trading by managing trades, cash flows, and instruments on the Murex trading platform. This support is crucial for the portfolio managers of the Liability Driven Investments trading desk, which focuses on fixed income and derivative trading.
Some of the duties include:
- Confirm all new and existing Front Office trades and cash flow transactions with external clients accurately and promptly each day.
- Upload confirmations to Docusign and secure the necessary signatures.
- Confirm all new and existing trades and cash flow transactions with internal clients accurately and promptly each day.
- Confirm Treasury forex trades daily, resolving any exceptions before settlement.
- Validate all settlements daily, investigating and resolving exceptions with the Front Office, Middle Office, and external clients before settlement.
- Oversee daily settlements, ensuring the accuracy and completeness of all payments before they are released for automated settlement.
- Perform daily cash reconciliations, investigating and resolving any discrepancies.
- Verify that all payments and receipts are recorded correctly on bank and nostro accounts.
- Conduct daily script and position reconciliations, investigating and resolving any discrepancies.
- Manage operational functions effectively to minimize financial losses.
- Manage transactional costs efficiently.
- Post cash transactions to the general ledger.
Education and Job Requirements:
- A Bachelor's degree or Diploma in Banking or Finance is beneficial.
- Over 7 years of back-office experience, preferably in the banking and financial services industry, with a focus on settlement and confirmation processes for complex OTC derivatives, structured products, and bonds.
- Strong knowledge and understanding of financial instruments, including interest rate derivatives, structured notes, equity derivatives, credit derivatives, option derivatives, exchange-traded futures, FX, and Money Market instruments.
- Familiarity with the Murex Trading platform or other fixed-income trading platforms is advantageous.
Apply now!
For more Finance jobs, please visit www.networkrecruitment.co.za
If you have not had any response in two weeks, please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles/positions.
For more information contact:
Robyn Peskin
Recruitment Researcher: Chartered Accountants & General Finance
rpeskin@networkfinance.co.za
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About Network Recruitment
Network Recruitment
Network Recruitment is a leading specialist recruitment company in the fields of IT, Finance and Engineering.
Since our establishment in 1987, we have been at the forefront of the specialist recruitment industry. Network Recruitment’s key to success is the focus on delivering superior quality service by developing and maintaining an exclusive focus on sourcing high-calibre skills for medium-sized to JSE-listed companies operating in these three niche sectors across South Africa.
Our experience in permanent and contract-based recruitment enables us to provide you with recruitment solutions that meet your long- and short-term needs.
Network Recruitment is a division of ADvTECH Resourcing, the recruitment arm of the national JSE-listed ADvTECH Limited Group a leader in quality education, training, skills development and placement services.
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