Experience

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  Rand Merchant Bank

  • South Africa
  • Banking
  • 700 & Above Employee

  • CFD Specialist - Equities Administration (Contract for differences)

    • Aug 2007 - Present

    Position : Equities Administration – CFD’s (Contract For Differences)Period : August 2007 - CurrentDuties:Key task : My key task is to ensure that all aspects of the administration relating to the CFD deals and processes are carried out Checking rates Printing daily settlement reports Checking trades Checking corporate actions Checking close out positions If any of the above is not correct, find problem, find solution Ensure that margin balance of previous day is correct Ensure all amendments are done Re-run reports for all amendments Settlement process on Iprocess system for confirmation of reports and deals to clients Once all CFD’s have been confirmed, run settlement report in excel  Balance the reports to the settlements Settle clients CFD margin calls for the day Check all outstanding audits for the day Check all clients notional funding is correct on reports Client query resolution Send out all corporate action CFD confirmations to clients on a weekly basis Margin requirement changes for clients on a weekly basis Check and sign off on all clients corporate actions for CFD’s on a weekly basis New clients added to the portal  I am a B-signatory for RMB Equities Division

  • Equities Administration

    • Mar 2002 - Jul 2007

    Position : Equities AdministrationPeriod : March 2002 – July 2007Duties:Key task : My key task is to ensure that all aspects of administration relating to the following tasks and processes are carried outGuaranteed Products – processing of Settlements, Confirmations and ensure Maturity of Unit Trust- Unwinding of deals for trader and ensuring that the clients position balances with those held by RMB- Balancing of CMS (Capital Market System) to Oboe (an In-house system)- Ensuring that the positions held by the dealers are correspond ding to the back office system- Ensuring the “mark to market” on CMS balances to the “mark to Market” on Oboe- NB : Without downloads being processed they systems will not balance- Daily Downloads of;- All Future trades from Safex into the RMB CMS System- All Jet share trades, from the Jet System into CMS- All Agricultural trades from Safex into the CMS System- All Future closing prices from Safex into the CMS System-- Daily Uploads of;- All Future & Share trades into Oboe- All closing prices for Futures & Equities into Oboe- Closing prices loaded onto Global One (Scrip Lending System for the bank)- Confirming and capturing client deals on Safex Future System throughout the day for clients- Signatory responsibility held to sign cheques on Cams of up to R60 million rand for our Funding Account within Equities

  • Assistant Manager - Capital Markets

    • Feb 1990 - Feb 2002

    Position : Promoted to Assistant Manager - Capital MarketsPeriod : July 1994 – February 2002Duties:- Managing & controlling the Confirmation and Settlement Department- Responsible for three staff members- Processed staff appraisals on an annual basis to review their current achievements and to set goals for the year ahead- Responsible for downloads from Smart to CMS of all Gilt and Gilt related derivatives during the day- Reconciliation between Smart and CMS daily to ensure all trades currently downloaded and amendments processed- Ensuring that all deals are confirmed within 24 hours- Assist dealers where and when necessary- Balancing of all Internal Trades & ensuring positions for the bank are square- Balancing of Settlements on a daily basis with our Settlement agent, namely ABSA- Ensuring that The Bats System balances with the ABSA System on settlement day- Monthly duties;o Month end Validation and Curveso Balancing of brokerage for GiltsPosition : Dealers Assistant Period : February 1990 – June 1994Duties:- Inputting of all Trades into CMS system on a daily basis- Running of Curves & Valuations for dealers- Ensuring all Trades are booked- Running of Month End valuation and reports- Evening Runs, Curves & Valuations for dealers- Cheque Reports on Settlements on a weekly basis- Ensuring confirmation of all Trades on a manual basis & validated by sending out Brokers Notes on a daily basis

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  Credit Guarantee

  • Johannesburg Area, South Africa

  • Senior Assessor

    • Apr 1986 - Jan 1990
    • Johannesburg Area, South Africa

    Position : Promoted to Senior AssessorPeriod : July 1986 – January 1990Duties:- Managed a Business Unit of five claims assessors- Check and sign off all claims within my unit- Controlled business practices for my staff and provided stats to my superior, for all claims processedPosition : Claims AssessorPeriod : April 1986 – June 1986Duties:- Managing a Portfolio of approximately 200 Policy Holders- Ensuring that all claims are processed within a week of receiving them- Handling all Liquidations and Attorneys correspondence & updating the Policy Holder of status

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  French Bank

  • Johannesburg Area, South Africa

  • Managers Clerk – HP & Leasing Department

    • Apr 1982 - Dec 1985
    • Johannesburg Area, South Africa

    Duties:- Balance Sheet analysis- Overdraft facilities- To call on all clients who had overdrawn accounts to request that they deposit funds - Stand in for tellers as and when required- Assist tellers if they did not balance at day end

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  Barclays Bank

  • Johannesburg Area, South Africa

  • Teller One

    • Jan 1979 - Mar 1982
    • Johannesburg Area, South Africa

    Position : Promoted to Teller OnePeriod : March 1981 - March 1982Duties:- Planning for and ensure that our cash was sufficient for the week- Ensuring that pay rolls were processed in a swift and professional manner- Monitoring that all Tellers balanced on a daily basis- Overall balancing at day end on a daily basis- Motivating team Position : Cheque Returns Clerk – Ledgers DepartmentPeriod : January 1980 – February 1981Duties:- Returning all R/D cheques on a daily basis- Noting post-dated cheques and returning them to clients- Checking signatures & verification of funds available to process paymentsPosition : Waste Department ClerkPeriod : January 1979 – December 1979Waste Department- General inputting of all entries going through the ABS SystemLocal bills for collection- Processing of all bills due for collection- Processing of all Drafts- Balancing of bills