Operations Analyst

at  Orbis Investment Management Limited

JOB DESCRIPTION:

The Operations Team manages day-to-day operations, focusing on clearing and settlement capabilities. It also provides operational support from a Risk & Treasury Operations perspective, collaborating closely with the Risk Management function.
The team ensures accurate reconciliation of trades, payments, and balances daily. They respond to customer queries promptly and ensure correct data reporting internally and to other service areas.
The area manages cash obligations, including margin calls, settling them promptly and escalating any issues. Additionally, it collaborates with management to address and rectify coordinated efforts for problem situations.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS REQUIRED:

• A good level of academic achievement is required with GCSE passes and A-Level calibre
• Could be a member/accredited by a professional body (e.g., Institute of Operational Risk)
• Could have a professional accounting or audit qualification

REQUIRED KNOWLEDGE AND LEVEL OF EXPERIENCE:

• Experience in exchange and clearing processing with an emphasis on clearing and settlement
• Good level of experience in an Operational capacity
• Overall (end-to-end) understanding and/or working experiences of clearing and CCP services
• Knowledge of UAT / Change

RESPONSIBILITIES:

• Clearing & Settlement
• Capturing matched trades
• Position management
• Managing the settlement process of trades, including contract expiry and settlement, option exercise, and assignment
• Managing the cash or physical delivery process
• Static data maintenance, including Member, Contract, and calendar management
• Managing the payment and collection of cash and non-cash collateral
• Treasury operations, including payment monitoring, concentration, and investment of monies
• Production of timely and accurate daily MIS
• Monitoring of pending trades
• Regulatory transaction reporting
• New code release testing

SKILLS SET AND CORE COMPETENCIES REQUIRED FOR ROLE:

• Knowledge of front-to-back clearing processes and operations
• Awareness of Regulatory environment and requirements in relation to a Clearing House
• Good verbal, written, and presentation communication skills
• Ability to follow procedures, identify problems, and follow up on resolution
• Good skills in working with PCs and online systems
• Internal and external customer service skills
• Business Analysis and Problem Solving
• Ability to perform Functional and User Acceptance Testing
• Analytical and problem-solving skill set
• Conceptual and practical knowledge of Clearing House operations.
• Knowledge of the financial markets (commodities, front-to-back processing, etc.)
• Excel knowledge applicable to financial markets
• Familiarity with Financial Services Vendor Systems
• Knowledge of SWIFT preferred but not essential (how to use SWIFT Alliance Access (SAA) and the processing of SWIFT messages)