Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

Are you passionate about the world of finance and trading operations? Standard Bank is seeking a highly skilled Trade Support (Middle Office) Specialist to join our Corporate and Investment Banking (CIB) Global Markets Operations team. If you have a passion for facilitating trade processing, understanding of financial markets, instruments(stocks, bonds, derivatives), knowledge of trade lifecycle management, order execution, clearing and settlement processes, ensuring compliance, and managing operational risk, this is the opportunity for you!

Qualifications

Minimum Qualifications

Bachelor’s Degree in Business Commerce (Required)Postgraduate Degree in Finance and Accounting (Preferred)

None Negotiable:

Proven knowledge of interest rate derivatives, money market trading, fixed income as well as markitwire.Experience in trade support or a similar role within a financial institution.Excellent analytical and problem-solving skills, with the ability to work collaboratively in a fast-paced environment.Strong attention to detail and the ability to manage multiple tasks simultaneously.

Experience Required
Trade Support Operations

1-2 years in team management, with the ability to prioritize tasks to meet specific targets (Required).3-4 years of proficient technology experience with quick adaptability to desk-specific systems and software (Required).5-7 years Advanced experience in the Trade Lifecycle in a Global Markets environment.5-7 years Seasoned knowledge and understanding of trading environment (end-to-end value chain) as well as manual process complexity and trading systems.

Additional Information

Key Responsibilities:

Lifecycle Management: Manage the structures necessary to administer deals throughout their lifecycle, from inception to settlement.Process Oversight: Understand and handle the operational aspects of products, ensuring timing and execution of process flows are optimized.Regulatory Compliance & Risk Mitigation: Collaborate with teams to ensure all trades comply with industry regulations and minimize operational risks associated with the Trade Lifecycle.Trade Booking and Allocation: Oversee the accurate booking and allocation of trades, ensuring they are tracked, validated, confirmed, and settled within market deadlines.Plan, Coordinate, and Monitor: Oversee day-to-day vanilla and manual intervention trades, ensuring smooth execution and settlement.Client Data Management: Provide guidance to teams for maintaining complete and accurate trade data, ensuring timely processing and settlement.Query Resolution: Address and remediate escalated issues and queries, ensuring compliance and enhancing the client experience.Market Data Management: Ensure accurate reporting and communication of market data to clients and Global Markets Desks, facilitating effective risk management.Trade Expiries Monitoring: Keep clients and desks informed of trade expiries and ensure timely payment and settlement processes.Operational Excellence: Monitor and escalate operational issues, utilizing root cause analysis for continuous improvement.Product Support: Provide subject matter expertise to stakeholders regarding trade support requirements in new product development and activations.Reporting: Contribute to the development of reports and management information, tracking performance and providing insights for informed decision-making.Stakeholder Engagement: Build strong relationships with internal and external stakeholders to resolve complex issues collaboratively.