Officer, Settlements

  • Full-time
  • Business Segment: Corporate & Investment Banking

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

Securities Settlement for Equities, Fixed Income (NGN) and Eurobonds

  • Monitor settlement instructions received on BaNCS and ensure no instruction is missed.
  • Ensure proper matching of instructions received with Counter Party for fixed income and brokers contract notes for Equities.
  • Following up with Brokers and/or clients on missing instructions /contract notes
  • Sending of non-matching MT548 to swift enabled clients and emails to other clients for trades not matched.
  • Monitor settlement instructions received on BaNCS and ensure no instruction is missed
  • Loading trades manually on Bancs for non-swift enabled clients.
  • Repairing trades that do not come in STP.
  • Ensure that MT548 for late and failing trades are sent on Bancs.
  • Manually prepare cash projection report for requesting clients.

Qualifications

  • BSc in Economics or related field.
  • Relevant Professional certification can be an added advantage.

Experience:

  • Minimum 2years experience within the corporate financial service sector
  • Proficiency in MS Excel package will provide added advantage

Additional Information

Behavioural Competencies:

  • Checking Things
  • Developing Expertise
  • Embracing Change
  • Following Procedures
  • Interacting with People

Technical Competencies:

  • Client Servicing
  • Continuous Process Improvement
  • Deal or Trade Life Cycles
  • Local Market Knowledge
  • Settlement Process
  • Settlement Systems
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