The client is an established investment bank focusing on doing business
on the African continent. Maintain full responsibility for the
operations team of the Stockbroking division. This includes monitoring
of all policies and procedures, their effectiveness as operating
controls in the relevant business environment and performance of staff.
Responsibilities:
- Manage all staff employed in the Stockbroking operations teams.
- Participate in all EXCO meetings and strategic planning initiatives.
- Monitor operational policies and procedures for effectiveness and implement changes to increase efficiency.
- Monitor daily cash flows to and from the exchange settlement accounts, client deposit accounts and daily DPR in all countries.
- Liaise with Country CEO’s and the
Investment Bank CFO to ensure that operations is performing in line with
expectations and any changes in the market and/or business strategy
have been appropriately carried forward into operations.
- Liaise with software providers
regarding day to day issues as well as system enhancements and roll out
of software to new offices.
- Maintain responsibility for rolling
out the operational procedures into all new Stockbroking businesses and
adapting to the new environment as required.
- Liaise with group finance regarding reconciliation of operations records to finance records.
- Collate accurate and timely reporting criteria.
- Define and manage factors that expose the business to operational risk.
- Conduct staff performance reviews for operations staff.
- Manage the maintenance of version updates of internal operating procedures.
- Improve levels of service to staff and customers and enhance internal operational efficiencies.
- Ensure sufficient and suitable training of all pertinent areas of the business is conducted.
- Maintain suitable and adequate documentation of all work performed.
Requirements: Qualification and Skill
- A relevant tertiary qualification is highly preferred.
- The company will only look at candidates who have no less than TEN years relevant working experience.
- South African
- Previous operations experience is essential.
- Previous stockbroking experience is essential.
- An operational or financial
background from within the relevant sector (investment banking or
stockbroking) will be highly advantageous.
- The successful candidate will have a strong understanding of finance (a finance background is therefore a necessity).
- An excellent command of English, both written and verbal, is a requirement of the job.
Key Competencies:
- The successful candidate will need to demonstrate the following:
- Strong financial accounting skills.
- Strong interpersonal, verbal and written communication skills.
- Self-assurance and a confident manner.
- Accuracy and strict attention to detail.
- Strong analytical skills, with the ability to assess complex situations and use creativity to solve problems.
- A self-starter who shows initiative and assumes responsibility for projects.
- High energy levels and a very strong work ethic.
- The ability to prioritise and handle multiple tasks within strict time frames within a fast paced, pressurised environment.
- A strong customer service orientation and a commitment to creating a culture of continuous improvement and excellence.
- The ability to build strong relationships with team members, company management and clients.
- Tenacity and a high degree of perseverance.
- The candidate should have the
ability to work in a thorough, logical and systematic manner giving
consistent performance in a highly structured environment.
- A strong competitive spirit balanced by a proven ability to work as part of a diverse team.
- Strong Excel knowledge.
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