Manager: Local Trade Processing (Talent Pooling)

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Date: 16 Apr 2024

Location: GT, ZA

Company: Liberty Group Limited

Stanlib's success is driven by the success of its people.  We aim to keep our staff engaged in the right role at the right time. Talent mobility is key to our competitive edge.  

Purpose

Manage and review the daily trade transactions processed by the Trade Processing Administrators.

Minimum Experience

3 - 5 years experience in a similar environment, of which 1 - 2 years at junior management level

Minimum Qualifications

Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Finance Economics and Accounting

Additional Minimum Qualifications

Outputs

Process

  • Accountable for maintaining quality, service and outputs related to a work area, ensuring compliance with set policy, procedures and standards.
  • Proactively identify operational problems, determine cause and effect, select and implement the best solution to solve problems based on previous experience and understanding of the context.
  • Plan for and organise multiple work activities for team execution by assigning priorities against the set framework in light of the specific situational context.
  • Supporting the team Senior Manager and fellow Managers from respective teams within the greater Trade Processing Area.
  • manage the dealings with internal and external stakeholders, management turnaround times, and any complex or out-of-BAU transactions that may impact the team.
  • Ensure to have a full understanding of all the local trade processes in order to manage the staff effectively in getting trades processed accurately and timeously.
  • Have a sound understanding of the internal /external systems and applications in order to assist Trade Processing Administrators with any issues encountered and for resolution of queries.
  • Ensure bank recons are reviewed daily for all bank and scrip accounts to ensure accuracy of daily trade processing.
  • Ensure bank recons are reviewed daily for all bank and scrip accounts to ensure the accuracy of daily trade processing.
  • Ensure that all payments are processed, checked and released accurately and on time, in line with the banking cut off.
  • Ensure that all payments are processed, checked, and released accurately and on time, in line with the banking cut-off.
  • Ensure all manual out-of-BAU instructions are checked and instructed to the CSDP for processing.
  • Resolve any settlement issues relating to STANLIB trades
  • Oversee Processes relating to Initial Public Offering and Private placements or share swaps
  • Ensure all process documentation is kept up to date at all times
  • Instruct on bank account openings with custodians and on internal systems.
  • Maintain effective communication with internal and external parties, including custodians to ensure efficient and timeous resolution of queries.
  • Ensuring that all deals, particularly, those close to month end are monitored closely to ensure they are processed timeously prior to month-end close.
  • Ensure that details of any trade issues that occur (including the profit/loss) are communicated and recorded on the incident log for record keeping and control gap analysis.
  • Continually analyse the internal and external system processes and assist the Senior Manager in improving these systems through enhancements and projects. Utilize incident management process to facilitate improvements and identifying gaps.
  • Facilitate on the job training of new employees as well as training of existing employees to reinforce internal processes and procedures.
  • Facilitate on-the-job training of new employees as well as training of existing employees to reinforce internal processes and procedures.
  • To monitor all transaction out of BAU like Transitions / Share swaps / Terminations and Take-on’s or any new processes that may become part of the trade processing environment
  • To monitor all transactions out of BAU like Transitions / Share swaps / Terminations and Take-on or any new processes that may become part of the trade processing environment
  • Keep abreast of all processes, functions and issues within the team.
  • Maintain positive engagement with internal and external clients, team members and managers.
  • Be involved in new project initiatives and system improvements/upgrades and enhancements.
  • Ensure proper management of Stakeholder relations and attendance of all stakeholder meetings.

Customer

  • Manages to ensure service excellence in support of Treating the Customer Fairly (TCF) principles to build positive relationships and creates opportunities for exceptional service delivery.

Finance

  • Compile a budget aligned to the operational or area specific delivery of plans; monitor and report on variances and make sure that planned objectives are reported, escalating any deviations.

Learning and Growth

  • Schedule, allocate and effectively manage human resources within own area of responsibility in line with specified and specific constraints or parameters.

Governance

  • Implement and utilise risk, governance and compliance policies and processes effectively, to identify and manage risk exposure.

Competencies

Liberty Values

    Technical Competencies

    • Financial Management (Intermediate)
    • Financial Administration (Intermediate)
    • Reconciling Financial Records (Intermediate)
    • Product and/or Service Knowledge (Intermediate)
    • Product Related System Application (Intermediate)
    • Operations Risk Management (Intermediate)
    • Operations Management (Intermediate)
    • Business Administration Skills (Intermediate)
    • Administration (Intermediate)

    Behavioural Competencies

    • People Management and Empowerment (Intermediate)
    • Relationship Management and Networking (Intermediate)
    • Judgment and decision making (Intermediate)

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