Financial Officer Manager

Time left to apply End Date: March 28, (6 days left to apply)

Job Requisition ID: R

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.

Key Responsibilities

1. Book Management (Equity Swaps Local and Offshore)
2. Daily Book Management for EDCS Products (Ensuring the book is sufficiently hedged, managing Corporate Actions, Stock Borrow, Funding Requirements, etc.)
3. Daily Reporting of Expected P&L on Trade Date and Sign-off of P&L on Trade Date
4. Implement 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)
5. Identify and work with Trading Operations Manager to implement process efficiencies.
6. Assist teams across Operations unit to meet deliverables, reduce re-runs, and errors.
7. Together with Trading Operations Manager, implement controls to track and monitor the booking and allocation process to identify any errors.
8. Interact with the Trade Support Team to ensure trades continue to be booked correctly and improve booking and allocation processes.
9. Monitor and manage costs within the business (e.g., JSE costs, Funding Costs, Scrip Lending Costs).
10. Develop and maintain strong relationships with clients, prime brokers, and operations (Internal and external).
11. Ensure a smooth and efficient client take-on process.
12. Identify process gaps and implement solutions to enhance process and client experience.
13. Track and manage the JV Borrow Book.
14. Track and manage all positions on EDCS desk to optimize funding.
15. Develop and implement MIS dashboard reports with sufficient and appropriate detail to monitor funding.
16. Implement controls and automation to improve products and booking processes.
17. Generate reporting at the end of each month used for client billing, profit sharing agreements, and EDCS statistics for management reporting.

Qualifications

Type of Qualification: Graduate Degree

Field of Study: Bachelors degree in Finance and/or Accounting and/or Mathematics and/or a relevant Commerce discipline.

Advantageous: Registered persons, JSE Exams, Technology and/or Data Analytics skills.

1-4 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 skills. Basic coding and report building would be beneficial.

Preferred Candidate

1-4 years of front office experience.

Opportunities

You will have access to opportunities to network and collaborate, challenging work, and opportunities 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 to take risks.
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it.
• Client-focused - you love putting our clients at the forefront of what you do.

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

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.