Job Description

Closing Date 2025/03/25
Reference Number MMH250319-4
Job Title Settlement And Securities Officer
Position Type Permanent
Role Family Administration
Cluster Momentum Securities
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Sandton
IntroductionThrough our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses.Momentum Securities provides a full range of stockbroking services supported by strong management and administrative capabilities. We pride ourselves on product innovation and client service. One of our key strengths is our ability to devise solutions for your individual needs, with all our expertise at your disposal. We provide a full range of stockbroking solutions, including traditional trade executions (non-discretionary/self-managed portfolio), an advisory portfolio, full-service stockbroking services, and specialist research integrating both a macro and micro market view.
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.
Role PurposeThe purpose of the Securities Officer role is to ensure the effective functioning of securities operations by monitoring and managing all securities-related processes. This role plays a crucial part in supporting the Team Leader: Securities in ensuring operational efficiency and compliance.
RequirementsQualifications:

• Matric (Grade 12) Essential
• Diploma in Finance, Investments, Economics, Business Administration, or a related field (preferred)

Experience:

• Minimum of 5 years experience in financial services, investments, asset management, or a related industry.
• Strong knowledge of stockbroking and financial markets.

Duties & ResponsibilitiesKey OutputsSettlements and Transfers

• Monitor all controls within JSE regulations to ensure compliance.
• Ensure settlements are completed accurately and within the appropriate settlement cycle.
• Monitor securities lending to prevent short positions in client transactions that may affect the settlement cycle.
• Process and monitor internal and external share transfers, ensuring correct instructions are received and processed.
• Ensure accurate details are captured on paper-based listed and unlisted securities receipts and recorded in relevant systems.
• Process reversals of settled trades (misdeals) post-settlement cycle.
• Perform daily checks on ERD (Electronic Report Download) reports for accuracy and sign-off.
• Reconcile differences between the JSE BDA and Momentum Securities custodian.
• Prepare and submit the monthly CSDP balancing report to the JSE.
• Ensure securities are in the correct location.

Corporate Actions & Asset Servicing

• Manage dividends and corporate events, ensuring Momentum Securities is up to date with ongoing developments.
• Monitor and manage the settlement and trading of bonds and unit trusts.
• Manually settle transactions related to Kruger Rands.
• Process dividend journals and update cost prices daily.
• Engage with clients regarding dividend queries, share sales, and other securities-related concerns.

Paper Scrip Management

• Dematerialize share certificates.
• Deliver and collect share certificates to and from the transfer secretary.
• Arrange withdrawals from transfer secretaries.
• Lodge lost scrip documentation and facilitate resolution.

Portfolio Management & Swift Administration

• Copy Swift messages for the Nutcracker reconciliation process.
• Obtain authorization from Portfolio Managers for portfolio movements.
• Arrange transfer details between brokers and Computershare.
• Ensure portfolio transfer instructions are settled accurately on the designated date.
• Update the BDA system with portfolio transfer details.

Leadership & Team Support

• Support the Team Leader: Securities in ensuring seamless operations and adherence to regulatory and internal policies.

CompetenciesCompetencies

• Attention to Detail: Ensures accuracy by meticulously checking details and producing high-quality work.
• Compliance & Risk Management: Adheres to regulations and minimizes risks through stringent adherence to processes.
• Task & Time Management: Plans and prioritizes activities systematically.
• Proactive Problem-Solving: Takes initiative, identifies issues, and resolves them effectively.
• Client Engagement: Communicates effectively with clients, ensuring their needs are met and queries resolved.
• Stress Management: Maintains composure under pressure and manages workload effectively.

PolicyWe are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Group