Equity Settlements Officer

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Overview of Citi:

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Cash Securities Team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Role Overview:

The Equities Settlement Officer, is an intermediate level position responsible for post trade activities within settlements/middle office operations, focusing on corporate actions, equities, and derivatives.  The Operations team is small and requires team members to be multi-functional in the full life cycle of post trade activities.

What you'll do:

Corporate Actions 

This role will manage all activities related to Corporate Action events and income processing on Cash Equities and Securities Lending activities.

Equity/Derivatives post-trade activities

• Process securities transactions, provide analytical support to traders, and review equity/derivative products.
• T1 to T3 trade monitoring, failed management
• Stock Borrowing to facilitate Shorts in the market
• Derivatives/OTC reconciliation
• General Ledger Reconciliation (local and global systems)

Cash Management

• Collateral/Margin calculations
• Reg IM Collateral/Pledge
• Month-end Fee and Interest
• Daily Cash Flow forecasting
• Funding
• Vendor Invoicing

What we'll need from you:

• Experience: Previous experience in equity office operations within a financial institution, with a preference for experience in Equity, Derivatives, or Corporate Actions.
• Qualifications - JSE Settlement Officer Exam, ACI, UJ Markets or equivalent Operations qualification an advantage. 
• Product Knowledge: Understanding of equity operations across cash equities, dual listed, equity conversions, corporate actions and equity futures.
• System Knowledge: multiple systems, both regional and global.

• JSE BDA and ECS systems, DTCC CTM/ALERT, SLAMS.
• PRIMO, FullSuite, GMI, an advantage
• Microsoft applications

• Interpersonal Skills: Experience interacting with settlement teams, middle office, clients,
•  financial institutions and service providers internal/external.
• Work Ethic: Ability to work under pressure, meet tight deadlines, and manage multiple tasks with strong attention to detail.  Rotational support for flexi-time roster will be required.
• Mindset: Control-oriented, problem-solving, and a team player.
• Communication: Clear and concise written and verbal communication skills, with the ability to work with diverse teams and geographical locations.
• Change Management: Experience or ability to drive process improvement and efficiency gains.
• Process Improvement & Problem Solving: Utilize data analysis to recommend process improvements, resolve settlement issues, and escalate complex problems.
• Project Participation: Contribute to projects involving new products, services, and platform upgrades.
• Policy & Risk Management: Identify policy gaps, formulate new policies to streamline trade flows, monitor errors to minimize risk, and ensure compliance with regulations and ethical practices.

What we can offer you:

By joining Citi South Africa, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well. Discover more HERE.  

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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