Junior Specialist Operations

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Absa PTS is looking for a Junior Specialist Operation within the Trade Support area . This individual is required to have specific skill sets within Trade Support and or general stockbroking market knowledge; BDA processing knowledge/experience is essential. This individual must have a good understanding of the JSE rules , directives and failed trade procedures.

Job Description

In this role you will be required to :-

• Fulfil the role of a Trade Support analyst and to assist where required within the ACS area
• Settlement systems (BDA/FA/OBP/ Perfix/ Omgeo CTM/Mecras/Operational releases
• Resolve and investigate breaks ;allocations timeously/within standard times as documented by the JSE and our internal processes .
• Review of the daily recons and ensure that all breaks are actively managed .
• Assist in preparation of Weekly/Monthly KRIs and investigation/explanation of allocation corrections /late allocations and breaks .
• Recommend change to processes to enhance the operational process and preparation of a proposal for a new process which is presented and implemented once agreed.
• Assist the Head of Operations in developing and rolling out support processes and controls for new products Developing the business motivation and assisting the business analysts with new ops requirements for enhancements and straight through processing.
• Troubleshooting problems and trends with current issues/automation experienced with certain automation initiatives and liaising with IT development team to improve process.
  
  

Education and Experience Required:-

• Diploma/ Degree in finance advantages
• Minimum 3- 4 years recent experience of the ;BDA/FA/OBP/ Perfix/ Omgeo CTM/Mecras system (JSE Broker Dealing Accounting system)
• 3 years’ experience with the various JSE BDA dissemination files and use of Excel to extract/manipulate required data and assist the Business Analysts and IT developers in their automation enhancements of business processes.
  
  

Knowledge & Skills:

• (Maximum of 6) Up to date on STRATE Off-Market Rules and Regulations, JSE Rules and Directives regarding off-exchange and on-exchange equity trade settlements and penalties
• Sound understanding and working knowledge regarding internal control and operational risk management in a stockbroker environment and market interaction.
• The role requires the interaction with Operational Risk Management team and preparation of Risk Control Matrices and KRIs/OLIs. Sound financial background of stockbroking practices and the BDA General
• Ledger/Trial Balance module and accounting to support P+L query resolution from Product Control. Above average computer literacy (Windows, MS Office - Excel Intermediate Level required due to data manipulation and use of Excel reconciliation models with macros).
  
  

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised