FirstRand Corporate Centre

Prime Broking Client Service Specialist

FirstRand Corporate Centre  •  Johannesburg, ZA (Onsite)  •  3 days ago
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Job Description

The purpose of the role is as follows:

An opportunity is available within RMB’s Global Markets, Prime Services division for an Equities Prime Broking Client Service Specialist, working in the Sandton office.

The position is an outstanding opportunity for a strong and ambitious individual to gain exposure to multi product, multi asset class instruments (equities, equity derivatives, futures, currencies (spot and derivative), commodities and fixed income ) and to assist in developing the businesses of Equities Prime. The role requires sound technical knowledge and interaction with internal and external stakeholders on a number of fronts.

Are you someone who can do the following:

  • Building and maintain strong relationships with external clients.
  • Identifying strategic opportunities for the prime broking business in different jurisdictions.
  • Evaluating and recommending continual improvement of processes and procedures.
  • Processing settlements over client accounts through SMART and replicating this into Geneva.
  • Liaising with key ops reconciliation personnel regarding bookings, unallocated deposits etc.
  • Running of daily client admin reports off Geneva (Knowledge of this system not essential).
  • Running daily client P& L reports and regular liaison with other product houses regarding these reports.
  • Confirming and reconciling trades booked versus the various underlying systems.
  • Monitoring of collateral on all equity products.
  • Strong corporate action knowledge
  • Reconciling of daily margin calls (Equity Swaps, Futures and Sec Lending collateral calls) into the relevant client accounts on Geneva.
  • Reconciling daily transfer to / from money market accounts to futures accounts.
  • Processing foreign settlements within sub-Saharan Africa and Internationally (USA, AUS, London etc).
  • Daily cash reconciliations between SMART and Geneva for equity related products.
  • Assist with the KYC and FICA of new clients / segregated portfolios.
  • Maintain strong relationships with other service providers – administrators, fund of funds, etc.
  • Assist with and ultimately take ownership of the Dividend Withholding tax reclaim process – work closely with client, administrator and RMB Custody.
  • Work closely with the Fixed Income Prime Broking, Futures Clearing RMB Custody and Securities lending teams.
  • Continuous evaluation of processes and provision of recommendations to enhance operational efficiency.
  • Tackle various projects within the Prime Broking and assist in developing enhancements to this solution.

You will be an ideal candidate if you have the following:

  • Qualifications such as BCom or courses attended in Financial Market instruments would be a distinct advantage. S/he must have a good understanding of financial markets.

#Post

#RMB

#LI-ZM1

Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

02/06/26

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

FirstRand Corporate Centre

About FirstRand Corporate Centre

The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The Corporate Centre’s stakeholders are external, such as regulators, shareholders, global developmental institutions and government; and also internal, mainly the market-leading businesses that service the group’s customers. These critical functions cover risk, compliance, governance, internal audit, treasury, finance and tax amongst many others. They require deep specialist and technical skills and ultimately represent the custodianship of the FirstRand group’s licence to operate.

Employees of the Corporate Centre develop a very unique perspective of the group because nowhere else can you own or be part of a mandate that operates across the portfolio. This allows for both big picture thinking and operational learning. It is also a great place to drive collaboration and a place to have a significant impact.

The Corporate Centre has adopted a blended approach to working, with a focus on balancing remote working and connections with colleagues in the workplace. Face-to-face interactions remain important to its way of working as these connections protect the business’s social capital, which is key to ensuring that FirstRand’s unique culture stays alive and continues to thrive.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Sandton, ZA
Year Founded
Unknown
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