Treasury Trader (HALF DAY) - Completed RE5 essential

SUMMARY:
Assist the Treasury Manager in managing all aspects of treasury department as prescribed in the treasury mandate of the company.
Facilitate group companies’ financial markets requests within individual mandates to ensure optimal returns on dealings within the financial markets.

POSITION INFO:
KNOWLEDGE/QUALIFICATIONS/SKILLS
➢ Successfully passed the Regulatory Exam for Representatives (RE5) – Essential.
➢ Worked as a Representative in the past and is no longer required to work under supervision.
➢ Relevant experienced and registered with the FSCA to provided intermediary services and non-automated advice in the approved products reflected under “Internal environment”.
➢ At least 5 years’ experience in the financial services industry.

DUTIES
- Liaise daily with financial institutions, gaining market knowledge/experience, build relationships – enabling companies to invest/buy/sell financial products to the advantage of the group as a whole.
- Build and maintain relationships with the financial institutions by attending economic events.
- Administrate daily transactions timely, correctly and in coherence to mandates that are in place with group companies, to ensure professional service.
- Responsible for input into the treasury system (IT2) ensuring correct reporting.
- Responsible for reports reaching all receiving parties accurate and in time.
- Interest reconciliation on a monthly basis.
- Co-responsible for all the filing ((electronically only) of treasury department.
- Assist with the FICA process of treasury clients.
- Distribution of market data on a daily / monthly basis by using CapIQ

ENVIRONMENT
External environment
The Bank Act, FICA, FAIS and Exchange Control regulation impact on the job. Technical developments that impact on the job are: CapIQ and any new financial products. The job is related to all changes in the financial industry, including new tax legislation.

Internal environment
The position operates closely with the financial department. Sufficient on the job training will be provided. It is a requirement that the incumbent is a registered representative for the Treasury related products listed below and if this requirement is not met, the company will register the incumbent and provide the required supervision until registration.

Products Approved – Category 1
✓ Structured Deposits
✓ Money Market Instruments
✓ Debentures & Securitized Debt
✓ Bonds
✓ Derivative Instruments
✓ Long-term Deposits
✓ Short-term Deposits

KEY SUCCESS FACTORS
- Accuracy, attention to detail, sense of urgency, willingness to assist companies are expected of the candidate.
- Excellent verbal / interpersonal skills.
- The position requires the ability to manage the daily treasury activities in the absence of the Treasury Manager.
- Solve challenging queries / tasks by exploring different avenues until it is resolved. Systems, policies and procedures: The job’s boundaries are the treasury policies and mandates of each of the companies for which the treasury department acts as agent. Procedures are determined by the procedure policy. Exchange Control, FICA and FAIS compliance are overriding.
- Decision making: The jobholder will make daily decisions regarding which financial institution it will be transacted with. The size of investments under management is of such, that active management daily ensures notable returns. The jobholder will be included in mandates to the financial institutions as an officer of the company who may deal on behalf of the group. It is important to understand the effect of incorrect decisions and mistakes. The jobholder is responsible for decision-making regarding cash between R5-15bn on behalf of ±20 companies.
- Other constraints: The job is constrained by daily deadlines. The jobholder must be able to work under pressure to meet these critical deadlines.

WORKING RELATIONSHIPS
Communicate mostly with financial officers of group companies and back-office personnel of financial institutions. The correctness of this communication will ensure timely and correct transactions and balances. Will have to act on behalf of the rest of the team from time to time and communicate directly with financial directors and CEO’s. These interactions are usually information required from Treasury. The jobholder must be able to understand and prioritise requests. Furthermore, the jobholder must offer a realistic time frame when requests will be responded to. Most of the communication will be with external role players – i.e. the financial institutions. It is important to understand the companies’ position in the market. It is expected to attend functions arranged by Financial Institutions, within reason. The jobholder must be able to project the companies’ image and uphold the Group’s principals.

* Only shortlisted candidates will be contacted *