This roles’ focus is to assist Prescient Fund Services (PFS) clients with the trade matching and settlement process. This is a critical role within the team and offers the successful candidate an excellent opportunity to be part of a growing fund services business.
DUTIES & RESPONSIBILITIES
Ensure all capturing / processing, matching and settlement of all trades to the accounting system timeously which include Equities, Fixed Income, Derivatives, Unit Trusts / CIS investments, Call Transfers, SWAPs, FX deals
Preparing manual instructions for any unlisted trade settlements where necessary: Physical MM, Private Placements, Off Market trades, Offshore investments, Fund of Fund investments, FX deals, complete BOP forms, validate account details on Swap agreements
Ensure trades are matched between client notification and counterparty confirmation
Ensure broker / counterparty account and trade details reconcile with our records
Ensure that the managers notification reconciles with the counterparty confirmation
Ensure Demat Money Market trades are reported and matched on Strate timeously within the required time frames
Managing status of trades and requirements
Maintaining broker settlement details, contact details and brokerage rates
Monitoring/processing of front office trades to ensure STP settlement into the accounting platform
Compiling of incident reports and assist in implementing and maintaining process controls
Resolving external and internal queries relating to all trades from brokers, clients and custodians
You will need to build and maintain healthy client and counterparty relationships to ensure resolution of settlement issues identified
Ad hoc queries and tasks
Project related tasks: testing and implementing new solutions. Look to using online solutions instead of using existing manual forms and sending manual instructions
REQUIRED EXPERIENCE
Relevant experience of at least 2-3 years + experience in a Settlements role in Fund Services / Investment / Wealth Management environment
A solid understanding of the financial markets and instruments
Ideally knowledge and experience on both local and international markets
Prescient only conducts financial services with clients via formal processes and communication channels. Note that Prescient does not sell or advertise or solicit any business or investment opportunities via soft channels such as WhatsApp, Facebook, Instagram or Text Messaging.
Please be cautious of individuals fraudulently attempting to solicit business or investments by impersonating or claiming to be an associate or representative of Prescient, who are selling or advertising investment opportunities. Please ensure to contact Prescient directly in the event of someone soliciting or attempting to solicit investments from you.
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