To support business objectives by managing fulfilment of requests from clients and staff in order to achieve business results with effective level of client satisfaction and risk management.
The role of team leader settlements is responsible for the day-to-day management of the administration team based in Johannesburg, reporting to the head of operations stockbroking.
The team is responsible for the settlement and reporting of equities (listed and unlisted), bonds, derivatives, offshore investments, unit trusts and cash.
All client transactions and positions are maintained on the single investment platform (SIP) which are reconciled and balanced daily to the source systems.
The team provides support to the retail stockbroking and wealth businesses. Job Responsibilities The successful applicant will be a highly motivated, self-driven individual who functions well in a high pressured environment, has good communication skills, is capable of multi-tasking and skilled in resolving reconciliation differences.
The position requires interaction with branch managers; wealth managers, portfolio managers, admin assistants, finance, and IT.
A strong track record of settlement experience (including BDA) is essential with the necessary skills to ensure an efficient operating model. Job Spec :
SIP reconciliation and balancing.
Overseeing all aspects of equities settlements, including scrip lending and borrowing, share and BEE schemes and resolution of queries.
Bonds, EDM and IRC administration and settlements.
Unit trust, currency trades and offshore investments
Responsible for the reconciliation of the general ledger accounts such as custody holdings of equities and bonds, managing the relationships with the JSE settlement authority, various BEE share schemes, SSA and NSS outsourcing, loading and control over partner codes, month-end client statements and tax reporting.
Further to the above, the Head of Settlements oversees the branch helpdesk, timeous processing of service requests and updating of master data records
Manage the administration team ensuring timeous outputs whilst maintaining a high quality standard, driving continuous improvement.
Developing a talent pool through career conversation and retention. Ensure that transformation targets are met.
People Specification Essential Qualifications - NQF Level
Matric / Grade 12 / National Senior Certificate
Advanced Diplomas / National 1st Degrees
Preferred Qualification Commerce Degree / National Diploma or equivalent Matric JSE equity settlement officer exam JSE bonds settlement officer exam Essential Certifications Preferred Certifications ACI, registered Persons Exam (RPE) Type of Exposure
Managing a team of managers
Developing succession plans
Formulating and implementing communication strategies to cascade functional strategies
Building a community of leaders
Conducting benchmarking and analysis to investigate improvement opportunities
Identifying / selecting talent
Executing major organisational change
Developing a divisional strategy plan
Networking and building relationships
Developing a stakeholder management grid for the business
Establishing and maintaining collaborative relationships with peers / managers
Assisting / Developing resource plans to execute functional strategies
Managing a department or area
Making financial decisions
Minimum Experience Level 7 years in fnancial markets and 3 years in a managerial role. Technical / Professional Knowledge
Financial Accounting Principles
Business administration and management
Business terms and definitions
Staff resource planning
Employee training / development
Relevant Nedbank product knowledge
Relevant regulatory knowledge
Governance, Risk and Controls
Principles of project management
Business writing skills
Management information and reporting principles, tools and mechanisms
Service level agreements
Client Service Management
Client service principles
Planning and Organizing
Delegation and Empowerment