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Specialist : Derivatives Clearing (Contract)

Specialist : Derivatives Clearing (Contract)

Isilumko StaffingJohannesburg, Gauteng, South Africa
30+ days ago
Job description

Overview

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 on behalf of 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

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    Specialist Contract • Johannesburg, Gauteng, South Africa