Team Leader - Equity
Johannesburg, Gauteng, ZA
12h ago
source : Latest Jobs

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

  • Strategic planning
  • Budgeting
  • Financial Accounting Principles
  • Performance management
  • Business administration and management
  • Business principles
  • Business terms and definitions
  • Communication Strategies
  • Staff resource planning
  • Operations planning
  • Employee training / development
  • Diversity management
  • Relevant Nedbank product knowledge
  • Relevant regulatory knowledge
  • Governance, Risk and Controls
  • Change management
  • Principles of project management
  • Business writing skills
  • Management information and reporting principles, tools and mechanisms
  • Service level agreements
  • Consumer behaviour
  • Client Service Management
  • Client service principles
  • Organisational systems
  • Behavioural Competencies

  • Building Partnerships
  • Planning and Organizing
  • Building talent
  • Delegation and Empowerment
  • Coaching
  • Leading Change
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