Job Description
About the Role
Hire Resolve is seeking a Settlement Officer to join our client’s team in Cape Town. As a key member of the team, you will be responsible for managing and coordinating the settlement process for various financial transactions, working closely with internal teams, external counterparties, and regulatory bodies to ensure the smooth and timely settlement of trades and transactions.
Key Responsibilities
- Manage the settlement process for various financial transactions, including equities, bonds, and derivatives.
- Conduct due diligence on transaction details, documentation, and counterparties.
- Coordinate fund transfers and ensure timely settlement of trades and transactions.
- Monitor and reconcile settlement instructions with counterparties and clearinghouses.
- Resolve settlement-related issues, discrepancies, and failed trades.
- Communicate with internal teams, external counterparties, and regulatory bodies to ensure compliance and efficient settlement processes.
- Maintain accurate and up-to-date records of settlement activities.
- Stay current with industry regulations, market practices, and technological advancements in settlement systems.
- Participate in the development and implementation of new settlement processes and systems.
Requirements
- Bachelor’s degree in Finance, Economics, or a related field.
- Minimum of 3 years of experience in settlement operations or a similar role within the financial services industry.
- Strong understanding of settlement procedures, market practices, and regulatory requirements.
- Excellent knowledge of securities and financial instruments.
- Proficiency in using settlement systems and platforms.
- Strong attention to detail and analytical skills.
- Excellent communication and interpersonal skills.
- Ability to work effectively in a fast-paced and dynamic environment.
- Problem-solving and decision-making abilities.
- Ability to work independently and as part of a team.
- Flexibility to work outside of regular business hours, if required.
Qualifications
No formal education or certifications are specified.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Western Cape
In the Western Cape, the finance and accounting profession is a thriving industry with a strong demand for skilled professionals. Typically, the job market trends indicate a steady growth in the need for finance and accounting expertise across various sectors. This is often driven by the increasing importance of financial management, regulatory compliance, and data-driven decision-making in businesses.
When it comes to salaries, it’s common to see broad ranges varying depending on factors like experience, company size, and industry sector. Generally, entry-level positions can expect salaries ranging from R250 000 to R400 000 per annum, while senior roles may command salaries between R600 000 and R1 200 000 or more, depending on the individual’s qualifications and level of expertise.
Common skills required for finance and accounting roles in Western Cape include proficiency in financial software such as QuickBooks, Xero, or SAP; strong analytical and problem-solving skills; excellent communication and interpersonal skills; attention to detail and organisational abilities; knowledge of tax laws and regulations; and experience with budgeting and forecasting tools. Typically, a degree in commerce, accounting, or a related field is also essential.
Industry sectors commonly employing finance and accounting professionals include the financial services sector, technology industry, manufacturing sector, and corporate organisations. These roles often involve providing financial guidance, managing budgets, preparing financial reports, and ensuring compliance with regulatory requirements.
For those looking to advance their careers in finance and accounting, career development opportunities abound. Typically, experienced professionals can move into senior management positions or pursue specialisations like forensic accounting, audit, or financial planning. Others may choose to transition into related fields like business consulting, investment banking, or entrepreneurial ventures. With continuous learning and professional development, finance and accounting professionals in Western Cape can enjoy a rewarding and challenging career with opportunities for growth and advancement.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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