Administrator – Dealing & Settlement needed at Apex Group

Description

• The Administrator – Dealing and Settlements will be responsible for performing daily and monthly tasks of the dealing and settlement desk.

Job specification

Responsibilities include, but are not limited to performing and coordinating a variety of administrative duties and tasks including:

• To perform the duties of the dealing and settlement function as outlined by the operating processes around dealing and settlement of cash and off-market trade instructions.
• For cash instructions, prepare and ensure accurate and timely execution and authorization of:
• Cash related transactions for investor fund of fund subscriptions.
• Cash related transactions for daily unit trust investments.
• Transfer of cash to flow with trading instructions.
• Payment of expenses.
• Third party cash transfers.
• All other Cash Administration payments (for example Capital Withdrawals/Deposits, Margin payments, Collateral payments, Expense payments, Forex payments, Fee payments, Swap interest payments)
• (Cash transactions are done both manually and on on-line banking platforms) 
• For trading transactions, on receipt of appropriate instructions; prepare, capture, and confirm trades and trade instructions. Ensuring accurate and timely execution and authorization of:
• Unit Trust investments and redemptions through Finswitch;
• Hedge fund of fund subscriptions and redemptions.
• To run an order book to ensure the above trades are done as well as to ensure appropriate follow up for confirmation legs of transactions.
• To ensure Apex Trust Services Operations is aware of risks and issues arising from the activities of the division through the appropriate Risk reporting framework.

Skills Required:

• Tertiary qualification and minimum 1-year applicable experience or 4 years operational experience.
• Excellent financial services process & product knowledge.
• Excellent knowledge of financial instruments.
• Experience on dealing activities.
• Good understanding of cash and trade instruction cycles.
• Good knowledge of systems and systems control environments.
• Good accounting and audit experience.
• Knowledge of risk management processes an advantage.
• Good communication, documentation and presentation skills.
• Be able to “think outside the box” and adapt to changing requirements.
• Be meticulous and have a high attention to detail.
• Be calm and stay focused in stressful/high pressured situations.