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Administrator OTC Opeartions

R 15.000,00 monthly City of Cape Town, Western Cape 1 June

Important company in the sector

  • Description


  • Job Advert Summary

    The successful candidate will be responsible for the end-to-end processing and oversight of OTC (over-the-counter) trades executed by Fund Services clients as well as day to day management of team members and processes.. The OTC Operations team sits within the Global Fund Operations department and is responsible for support and oversight of all operational activities of OTC trades including set-up, trade capture, valuations, cash settlement activities and closure of positions.
    Minimum Requirements

    • B.Com or similar tertiary business study and at least 2-5 years experience in TFS fund administration operations • Experience in or proven knowledge of OTC instruments • Previous experience in a client facing role.
    Duties and Responsibilities

    Daily Tasks • Accurate completion of requests in the OTC Operations Cherwell queue to ensure client requests and tasks are performed within SLA deadlines • Allocation of, as well as providing team members assistance with , the creation of new OTC instruments in line with Traditional and Hedge Fund clients’ day-to-day trading activity • Supporting clients’ trade capture into NXM where applicable or required • Ensuring trades and instruments are captured in line with the contracts’ term sheets and engaging with clients for amendments or corrections as required • Completing and checking of instrument creation control packs in accordance with audit requirements • Oversight of any cash settlement requirements relating to premiums, collateral, resets, etc. and engaging with clients and/or client counterparties to ensure alignment where required • Supporting all batch and outsourced valuation requirements for OTC instruments, managing and verifying exceptions flagged by the Security Valuations and/or Hedge Fund Accounting teams Projects • Providing support for new client implementations that require new OTC instrument set-ups and validations Risk Management: • Monitoring reconciliation breaks to ascertain whether processes and controls are adequate, ensuring breaks are kept to a minimum and zero breaks over 5 days where possible • Ensuring all procedures are in place and sufficient to perform all processes required to deliver the services defined in the SLA Relationship Management: • Build and maintain strong working relationships with internal and external clients • Ensure that an SLA is in place and adhered to by all clients in terms of service dependencies and service delivery expectations • Work closely with the Client Management and Service Delivery teams to ensure clients receive the optimal service levels
    Skills and Competencies

    • Strong Asset Management knowledge and experience • Candidate needs to possess very strong communication skills (written & verbal) • Confident & enthusiastic, and have a structured approach to work • Ability to work in a pressurized environment

  • Number of vacancies: 10
  • Requirements

  • Minumun level of education: Certificate
  • Availability for travel: No
  • Availability for change of residence: No

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Ad summary

  • Administrator OTC Opeartions

  • Province

    City of Cape Town, Western Cape

  • Work type

    Full Time

  • Type of contract

    Permanent contract

  • Salary

    R 15.000,00 monthly

  • Apply now

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