Job Description
Job Description:
Our primary service offering to clients is to clear, settle and report on Exchange Traded Derivative contracts traded on the JSE platform. Derivatives Clearing Specialists are responsible for:
- Client service and query management
- Risk management
-
- Settlement of daily JSE margin calls
- Monitoring of client exposure against available funds
- Clearing and understanding of products across different markets
-
- Commodity Derivatives
- Equity Derivatives
- Interest Rate and Currency Derivatives
- Acceptance and allocation of derivative trades from interdealer brokers obo offshore clients
- Shift rotation according to different market closing times.
- Operational duties as described in more detail below.
Key Responsibilities:
- Process daily cash settlements and transfer instructions
- Engagement with clients and stakeholders
- Balancing the daily JSE derivatives clearing markets and electronic reporting.
- Reconciliation of daily trade data
- Position and deal management
- On boarding of clients
- Reconcile internal Derivatives Clearing cash account (house account)
- Month end processes
- Attend and resolve client queries, requests and instructions
- Prepare payment for physical deliveries on commodity market and email notices to clients
Qualifications:
- Minimum qualification: National Diploma in Financial Markets
- Preferred qualification: Degree in Business Commerce Business Management or Economics or relevant qualification
Other Preferred qualifications, certifications or professional memberships
- South African Institute of Financial Markets (SAIFM)
- Introduction to Financial Markets Regulation and Ethics of South African Financial Markets
- The Derivatives Market
- The Equity Market
- The Bond Market
- The South African Foreign Exchange Market
- The South African Money Markets
- Agricultural Products Dealers Exam Internal Training
Experience:
- Corporate Banking (Transactional Products and Services) 3-4 years experience in Financial Markets and/or Derivatives Markets
- Risk Management (Transactional Products and Services)1-2 years experience in understanding client exposures and ensuring risk mitigants are adequately applied, failing which appropriate action required to manage collateral deficits
Preferred Experience:
- Corporate Banking, 3-4 years in relative market experience specific to derivative markets offered by the JSE, general understanding and operationally driven
GO APPLY NOW
Safe & secure application process
Explore More Opportunities
Get Similar Job Alerts
Job Seeker Tip
Get references ready before you need them - keep in touch with past managers and colleagues.
How to Apply
Click “GO APPLY NOW” to visit the company’s application page.
Follow their instructions carefully.
JVR Jobs connects you with employers – we don’t process applications directly.
Latest Job Opportunities
Gauteng: Truck Diesel Mechanic posted by GAP Consulting
Minimum RequirementsMust have at least 3 to 6 years experience as a Qualified Diesel MechanicMust have relevant Trade Test qualifications…
View JobGauteng: Truck Sales Executive posted by GAP Consulting
Minimum Requirements:Must have at least 3 to 5 years’ experience in a Truck Parts Sales capacity within the Commercial Vehicle…
View JobGauteng: Truck Stock Controller posted by GAP Consulting
Minimum RequirementsMust have at least 3 to 5 years’ experience in a Truck Stock Controller capacityEvolve Dealer Management System literacy…
View JobGauteng: Truck Sales Manager posted by GAP Consulting
Minimum RequirementsMust have at least 3 years’ experience in a Truck Sales Manager capacity within the Automotive IndustryMust have a…
View JobLimpopo: Truck Sellings Sales Manager posted by GAP Consulting
Minimum RequirementsMust have at least 3 years’ experience in a Truck Selling Sales Manager capacity within the Automotive IndustryMust have…
View JobGauteng: Truck Workshop Foreman posted by GAP Consulting
Minimum RequirementsMust have a minimum of 2 years’ experience as a Productive Truck Workshop Foreman including a minimum of 5…
View Job
Browse Employers
Job Alerts