Job Description

Responsible for the day-to-day management, reporting and operations of the JV Equity Swaps derivatives book. This person will additionally support and backup the RMB Morgan Stanley Treasurer (BRM) function.

Are you someone who has an interest / expereince in:

Book Management (Equity Swaps Local and Offshore)Daily Book Management for EDCS Products (Ensuring the book is sufficiently hedged, managing Corporate Actions, Stock Borrow, Funding Requirements, etc)Daily Reporting of Expected P&L on Trade Date and Sign-off of P&L on Trade Date +1Implement daily attributions down to component level of each product to give greater insight into the fundamentals of each book (e.g. stock borrow, interest and commission revenues)Identify and work with Trading Operations Manager to Implement Process EfficienciesAssists teams across Operations unit to meet deliverables, reduce re-runs and errors.Together with Trading Operations Manager, implement controls to track and monitoring the booking and allocation process to identify any errors.Interact with the Trade Support Team to ensure trades continue to be booked correctly and look to improve booking and allocation processes together with Trading Operations ManagerMonitor and Manage costs within the business (e.g. JSE costs, Funding Costs, Scrip Lending Costs)Client FocusEfficient and friendly customer serviceLow turnaround time on client queries and requestsDevelop and maintain strong relationships with clients, prime brokers, and operations (Internal and external)Ensure a smooth and efficient client take-on process.Identifying process gaps and implementation of solution to enhanced process and client experienceDetailed understanding of client allocations processes. Work with Trading Operations Manager to achieve ongoing improvement and efficiencies to the process.Work with clients to improve their experience with the desk.Treasury Support and Back-upSufficient understanding of the Treasury function to support and provide backup to the RMB Morgan Stanley Treasurer.Track and Manage the JV Borrow Book.Track and manage all positions on EDCS desk to optimise funding.Identify long positions for lending purposes.Develop and implement MIS dashboard reports with sufficient and appropriate detail to monitor funding.Scrip LendingTrack and Manage Borrow Book and ensure costs are charged correctly back to the relevant products and the products are priced correctly.Collateral monitoring to improve processes.Tracking all short positions and returns to reduce cost.Work with Sec Lending desk to optimise stock collateral (instead of cash)Tracking of lending rates to ensure best cost results.Monitoring monthly fees across the EDCS portfolioLook to implement pricing features to leverage and generate revenue from the ability to improve our scrip lending costs.Track the benefit to the JV from this function.Project WorkImplement controls and automation to improve products and booking processes.Identify, Drive and Specify projects to improve efficiencies for EDCS or development of new products.Identify Process and System issues and ensure projects are initiated and carried through to completion and controls are implemented to mitigate these issues.Monthly ReportingGenerate Reporting at the end of each month used for client billing, profit sharing agreements and EDCS statistics for management reporting

You will be an ideal candidate if you:

Type of Qualification: Graduate DegreeField of Study: Bachelors degree in Finance and/or Accounting and/or Mathematics and/or a relevant Commerce disciplineAdvantageous: Registered persons, JSE Exams, Technology and/or Data Analytics skills1-4 years’ experience and exposure to Market Risk, Global Markets or related Financial Risk functions would be beneficial. Quick learner especially on trading platforms and other tools; strong analytical skill. Basic coding and report building would be beneficial.Preferred Candidate: 1-4 years of front office experience

You will have access to:

Opportunities to network and collaborateChallenging workingOpportunities to innovate

We can be a match if you are:

Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough toObsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do itLove putting our clients at the forefront of what you do

Are you interested to take the step? We look forward to engaging with you further. Apply now!

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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

28/03/25

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.