Specialist: Derivatives

About this role

Nedbank is hiring a Derivatives Specialist for its Client Services and Digital team in the Corporate and Investment Banking (CIB) division. The office is at Rivonia, Sandown, in Johannesburg. You would make sure derivatives trades are cleared efficiently and in line with the rules.

What you’ll do

• Run and oversee the clearing process for all derivatives transactions.
• Check that clearing follows regulations, internal policies and market standards.
• Work with trading, risk, compliance and IT colleagues so that daily operations run smoothly.
• Build and maintain good working relationships with clearinghouses, brokers and other outside partners.
• Spot and fix discrepancies or problems in derivatives clearing.
• Follow market trends and regulatory changes, and judge how they affect clearing work.
• Help improve processes so that work is faster and more accurate.
• Prepare reports and insights on clearing activity for senior management.

What you need

• Matric / Grade 12 or the National Senior Certificate (essential).
• A strong background in finance or accounting.
• An NQF Level 7 or higher qualification in finance, accounting or a related field (preferred).
• Honours or other higher qualifications (advantageous).
• A basic understanding of derivatives clearing, financial markets or a related role.
• Working knowledge of derivatives products, clearing processes and regulatory requirements.
• Skill with the financial systems and tools used in derivatives clearing.
• Strong analytical, problem-solving and communication skills.
• Ability to work under pressure in a fast-paced setting, with close attention to detail.
• Microsoft Office skills, business writing skills, and knowledge of risk and accounting.

Is this job for you?

This role suits someone with a finance or accounting background who likes detail and enjoys working with trades, markets and rules. You should be comfortable with reporting to senior managers and working with many different teams. You should also be keen to keep learning, as the market and regulations change often.

Tips before you apply

• Have your matric certificate and any finance or accounting qualifications ready to upload.
• On your CV, show any clearing, settlement or trade-processing work you have done, with clear examples.
• Give examples of times you solved a problem or fixed a discrepancy, and explain what you did and what changed.