Vacancies

Settlements Officer (Prescient Fund Services)

Reporting line

Team Leader: Trade Management

Location

Westlake, Tokai

Business Unit

Prescient Fund Services
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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

REQUIRED QUALIFICATIONS

  • Relevant tertiary financial qualification(s), Commerce, Investments, Economics  

KEY COMPETENCIES

  • Self-starter
  • Ability to work under limited supervision
  • Positive team player
  • Hard working and deadline driven
  • High levels of honesty and integrity
  • Diligent and thorough
  • Strong written and verbal communication skills
  • Strong attention to detail

WHY THIS ROLE?

A fantastic opportunity to join the Trade Management team of Prescient Fund Services where you will experience excellent career exposure and growth. 

INTERESTED?
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