Trade settlement - clearing, settlement and processing

2.1.6 Trade settlement – clearing, settlement and processing

Description of role

Responsible for the provision of settlement activities around the transfer of various financial products and instruments from the seller to the buyer and the transfer of funds from the buyer to the seller

Core skills

Ability to conduct deals settlement for various financial products and instruments through different types of domestic and international payment systems, taking into account netting arrangements with counterparties
Knowledge of the types of settlement risks, its impact on trading and investment processes
Knowledge of the complete process of transactions processing (including equity, money market and foreign exchange), the types of front-end systems and trade databases
Ability to provide on-going client management through quality, customer-oriented service to the front office
Ability to conduct validation of deals and outward confirmation through matching incoming confirmation, identify exceptions and generate chaser letters for unconfirmed deals
Ability to perform accounting housekeeping and reconciliation of nostros, positions and books

Qualification and/ or certification

QFSQF Level 2
Relevant experience

Industry knowledge

Knowledge of Sharia compliant capital markets products and services
Understand local market trends

Regulatory compliance of role

Knowledge of applicable laws, regulations, rules and codes of conduct

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