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CIB Markets - CEM Middle Office Trader Assistant - Johannesburg

Req #: 180018250
Location: Johannesburg, GT, ZA
Job Category: Operations
Potential Referral Amount: 12500 South African Rand (ZAR)
Job Title              Jhb Markets Trade Support Middle Office Manager
Level                    Associate
Division                CIB Operations - Johannesburg Branch Operations
Report to             Farhana Dangor
The Johannesburg CIB Operations team provides support to Currency and Emerging Markets (CEM); Corporate Treasury; Cash Equities and Delta 1 businesses as well as meeting the support of traditional Trade Finance products and ensuring that that the Bank meets all of it’s ZAR clearing obligations within the SA market
This position is within the Johannesburg CIB Operations team supporting the CEM and Equities Front Office and Sales & Marketing teams.  Products supported include Fixed Income; Casj Equities; FX; Interest Rate Derivatives; Equity Derivatives and Money Market products.
The successful applicant will be a highly motivated, self-driven individual who is capable of multi-tasking, analytically reviewing data and process to identify improvements, good time management, and communication skills. The position requires significant interaction with the traders; financial control and settlement teams.  A strong track record and equities operations experience is essential.
The role is suited to a motivated and innovative self-starter with the necessary skills and experience to drive change as well as to ensure an efficient and controlled operating model.  This includes managing the operating model, technology requirements and business processes needed to facilitate the business whilst maintaining a robust control environment. 
Key Responsibilities:
    • Supervision of the Middle Office team providing effective day to day support to the sales/trading desk on trade bookings; position management and risk reporting
    • Ensuring a well controlled and efficient operating model that includes the performance of all relevant control reconciliations including stock/cash positions and FOBO reconciliations
    • Liaising with sales/traders; clients; custodian and internal JPM colleagues and teams to ensure timely and accurate processing and settlement of all transactions
    • Appropriate escalation and reporting of any pertinent issues
    • Capturing of client  allocations in BDA
    • Capturing of trades in the JPM corporate systems
    • Proactive problem identification and query resolution
    • Setting up of new clients and maintenance of instrument reference data
    • Ensure Corporate Actions are correctly reflected in the corporate systems
    • Ensure all trades are correctly captured in the risk systems at the end of the day
    • Ownership and resolution of all daily tasks as well as any extraordinary issues that arise
    • Development and training of personnel
    • Project management
    • Meeting all MIS and reporting deadlines
    • Implementation of new processes and systems
    • Provide business support to other areas of the bank as necessary
    • Maintenance of standard operating procedures
    • Production and distribution of trade confirmations


Other Responsibilities
  • Involvement with project work arising from new system implementations, new products and general improvement and development of processes
Key Competencies
  • A thorough understanding of what constitutes a sound operations control environment
  • A thorough understanding of the trade lifecycle and market conventions for Fixed Income; FX; derivatives; Cash Equities and Money Market products
  • A thorough understanding of local Bond settlement flow i.e. how trades are settled via Strate and the JSE.
  • Understanding of international/cross- border Bond settlements via Euroclear would be advantageous
  • Strong analytical and numerical skills.
  • Ability to develop and maintain sound working relationships at all levels, with both internal and external clients
  • Ability to prioritise and work well under pressure
  • Attention to detail and a high level of accuracy
  • Good communication skills - both written and verbal


  • Degree or equivalent preferred with strong relevant banking experience 

Skills & Experience


  • Five years relevant Middle Office experience
  • Proficient Excel skills

Key Personality Traits

  • Client orientated
  • Leadership qualities
  • Self motivated
  • Team player
  • Deadline / control orientated
  • Hardworking / Fast learner - strength of character
  • Enthusiastic
  • Accountable


·         BCommerce / relevant financial qualification preferable

·         A thorough knowledge of Derivative and FX products.

·         A good understanding of the South African Financial Markets, including Exchange Control regulations.


Skills and Experience

·         3 years relevant market experience.

·         Proficient Excel skills


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