With the rapid growth of the Prime and Synthetics businesses in South Africa, JPM Equities South Africa is restructuring our operating model in line with the strategic direction of the business. The new structure will enable us to continue to provide effective support to a growing business whilst maintaining a robust control environment. We are adding an Asset Servicing component – COAC specialist to the SA Equity Settlements function. With the addition of this role, SA Equity Settlements (responsible for the timely settlement of all equity and various post trade service transactions) will be composed of 4 primary functions – (i) Funding (ii) SBL (iii) Dual ARB Trading (iv) AS – COAC. The future expansion of this role is dependent on the continued growth of the franchise.

Key responsibilities

• Corporate Actions processing of mandatory and elective events
• Ensuring that all events are processed successfully from dissemination to reconciliation
• Dealing with all related queries in a quick and efficient manner that results in excellent service to our external clients and key internal stakeholders
• Post COAC event reconciliation for JPMESA (Hedge LE) & JPMSPLC (Client facing LE)
• Compile a Corporate Actions Procedures manual (updated regularly) and ensure that all standard operating procedures comply with the COAC Manual
• Responsibility to further develop the Asset Servicing (COAC) function – automate processes & related system migrations
• Monitoring and management with the daily equity settlement process
• Investigating and solving all queries reported by the settlement agent
• Calculation of daily settlement funding requirement
• Posting of cash receipts, payments and journals
• Daily reconciliation of bank accounts and other general nostro administration functions
• Preparing and reporting the daily Key Risk Indicators (KPI’S)
• SBL Settlement related Position management – short positions to be covered, to eliminate settlement risk, accurately and on time
• SBL Calculation of collateral and reporting of payments and receivables to securities lending desks
• SBL Reconciliations of all open positions on loan book to BDA
• SBL Confirmation of daily collateral cash movements with lenders
• SBL Assisting with the reconciliation of lender’s billing fees and interest calculations
• Assistance with the substantiation and reconciliation of the JSE monthly invoice
• Assistance with the substantiation and reconciliation of the monthly custody fees
• Preparation and requisition of the Monthly STT calculation
• Assistance with the preparation of the monthly GLRS (financial control) substantiation
• Preparation & Settlement of Removals across SA to other dual listed exchanges

Key Competencies

• Ability to interact effectively with clients, lenders, custodian and settlement authority
• Good appreciation of the necessity for a controlled operations environment
• Ability to develop and maintain sound working relationships with other areas in the bank
• Ability to prioritize and co-ordinate work flows effectively
• Ability to work well under pressure
• Attention to detail – high level of accuracy
• Strong analytical and numerical skills
• Good MS Office Skills
• Good communication skills – both written and verbal

Educational/Qualifications

• B. Com or similar qualification advantageous
• Qualified JSE Settlement Officer essential

Experience

• At least 5 years previous equity settlement experience
• A good understanding of the South African equity market
• Previous working experience with BDA (JSE system) essential
• Corporate Actions elective and processing experience essential
• Previous working experience with SLAMS (SBL) system advantageous
• Understanding the financial impact of posting any settlement related transactions

Key Personality Traits

• Self starter
• Strong team player
• Innovative
• Ability to work under pressure
• Deadline/control orientated
• Hardworking – strength of character
• Enthusiastic
• Assumes ownership
• Client / Stakeholder orientated

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.