Job Description

The Operations Specialist role is responsible for ensuring correct and effective management of daily operations of Investment banking transactions within the framework of the Bank's policies and legal documentation.Supports front office teams with the processing of confirmations, settlements and reconciliations across the various product sets. And performs daily operations to fulfil investment banking transactions and mitigate associated operational risks.
RESPONSIBILITIES:

• Calculate and collect all settlements related to the transaction.
• Generate and send Bond settlement letters to corporate clients.
• Confirm interest, capital, redemptions, partial redemptions, early maturities, top and reductions for corporate clients
• Assign Standard Settlement instructions for various payments.
• Track and complete recoverable expenses.
• Track and complete Fee invoices.
• Generate and upload audit confirmations.
• Ensure reconciliations and exception reports are cleared within SLA timeframes.
• Optimize processes to mitigate operational risk and reduce operational breakdowns.
• Continually look for ways to enhance efficiencies through standardization and/or automation.
• Produce accurate, timely, and relevant operational reports.
• Deal with operational queries on transactions and maintain good working relationships with all clients, auditors, etc.
• Maintain relationships with other business units and support areas in the Bank to ensure transparency and delivery of the transaction requirements.
• Participate in (and/or drive) ad hoc projects as required around the operations function.
• Effective teamwork, self-management, and alignment with group values
• Work on process engineering and business optimization initiatives to ensure effective and efficient operation of IBD deals and reporting.
• Liaise with auditors, prepare audit certificates, and deal with operational audit queries.
• Liaise with Operations, Credit, Compliance, Tax, Accounting, IT, Excon and Legal

ADDITIONAL REQUIREMENTS:

• Ability to lead self and has shown that they can lead or supervise others.
• A passion for operations.
• Motivation to take on multiple tasks, prioritizing their own tasks and can cope with deadlines.
• Be thorough and meticulous with a strong interest in figure-oriented work. Be procedure and process oriented.
• Candidate must be able to problem-solve tasks.
• The candidate must have a service excellence orientation.
• Ability to work well both in a team and independently.
• With a good understanding of operational processes with a view to mitigate operational risk.
• Must have knowledge of Investment banking deals and processes.
• Have the ability to develop and maintain professional relationships with major corporate customers as well as external and internal auditors.
• Experience with swift and capturing payments.
• And show proactiveness and willingness to go the extra mile.

Job Details

Application Closing Date

13/08/24

All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.