MONEY MARKET TEAM LEADER – FNB (First National Bank) 24 views

Key Responsibilities

• Oversee daily Money Market operational activities to ensure accurate and timely processing of transactions and settlements
• Supervise and review transaction processing, settlements, and system updates to ensure compliance with procedures and controls
• Control and monitor suspense accounts used for interbank settlement clearing to minimise interest exposure and reputational risk
• Review and authorise Money Market deals across systems to ensure accurate position management and data integrity
• Ensure the accuracy and completeness of databases capturing statistical deal information for both domestic and international transactions
• Support front office dealers by providing system assistance and resolving operational issues across applicable platforms and related systems
• Review and authorise manual journal entries to ensure accuracy, validity, and compliance with accounting standards
• Oversee the preparation and issuance of confirmations and account statements to customers and counterparties while resolving related queries
• Review daily operational reports, including batch proofs, general ledger balances, and control templates, to ensure accuracy and completeness
• Supervise and review daily reconciliations, ensuring the timely identification, investigation, and resolution of variances
• Control and monitor investment portfolios and settlement timelines to prevent delays, interest claims, and customer queries
• Ensure general ledger balances are accurate and aligned with supporting systems and reconciliations
• Oversee the safekeeping and custody of domestic assets and stock items, including script holdings
• Ensure the delivery of investment certificates to clients in line with service standards and regulatory requirements
• Provide guidance and support to team members to ensure adherence to processes, controls, and service level expectations
• Escalate material operational risks, control breaches, or unresolved issues to management in line with governance frameworks

Requirements

• Hold a Bachelor degree of Commerce, preferably in Financial Management, or a Diploma in Treasury Management
• 3 – 5 years Money Market or Investment related banking experience
• 1 – 2 years of Team Management Experience
• Have a knowledge and understanding of Treasury Bills, Government Bonds, Negotiable Certificate of Deposits (NCD), Promissory Notes, Deposits, Loans, and Investment accounts
• Be computer literate in Microsoft Excel, Word, Power Point and Outlook
• Knowledge: Money Market instruments and settlements
• Knowledge: General ledger management and reconciliations
• Knowledge: Financial transaction processing and controls
• Knowledge: Operational risk and compliance environments
• Knowledge: Banking systems including settlement and payment platforms
• Technical Skills: Money Market operations and settlements
• Technical Skills: Reconciliations and suspense account management
• Technical Skills: General ledger control and financial reporting
• Technical Skills: SWIFT and settlement systems
• Technical Skills: Operational risk and control procedures
• Technical Skills: Financial systems and transaction processing
• Technical Skills: Data validation and reporting

How to Apply

REF Code: R51467 | Job Code: R51467