Securities Settlement Officer – Wealth Administrator (Port-Of-Spain)

Responsible for all settlement, and security registration functions for all security offerings inclusive of local and international trade for clients and proprietary accounts for JMMB Group Companies as assigned.

Job Summary:

Responsible for all settlement, and security registration functions for all security offerings inclusive of local and international trade for clients and proprietary accounts for JMMB Group Companies as assigned.

Key Responsibilities:

• Investment Management:
  • Provide balances in all cash accounts (Bond, EMMA etc) for Investment Management clients and Mutual Fund to the portfolio manager weekly or as requested.
  • Provide report of all unfilled orders for Investment Management clients and mutual Fund on a weekly basis or as requested by the Portfolio Manager.
  • Add & remove Investment Management clients to/from the Investment Management client register and ensure that records of all risk questionnaires are maintained.
  • Assist in the preparation of memos for internal transfers between mutual funds for payment of fees etc.
  • Enter/upload Investment Management transactions into AXYS (or other IM software).
  • Ensure that the dividend reinvestment sheet for discretionary clients is up to date.
• Operational:
  • Timely receipt of client funds from JMMB main and dealer accounts to their product account: particularly Wealth Management and mutual fund clients.
  • The liaison with JMMB Investments Frontline officers and External Agencies, Company Registrars and Other Brokers, in relation to status of security transfers, deposits, certificate and cheque replacements and any other security related transaction queries.
  • Supports internal and external audit processes through provision of information and liaison with auditors for areas of responsibility.
• Reporting:
  • Assist with the testing for the quarterly RCSA framework.
  • Provide statements (cash, equity, bonds, mutual funds, etc) for all Investment Management clients and Mutual Funds to the Portfolio Manager monthly.
  • Compile data of performance of JMMB’s mutual funds verses similar funds in the market (from MFATT Submissions) monthly.
  • Compile net subscription data per IA monthly for all Investment management products.
• Compliance
  • Ensure all transactions are executed according to the outlined procedures.
  • All transactions are filed and easily retrievable.
• Perform any other job-related responsibilities as requested.

Qualifications (Education & Certification):

• Bachelor’s degree in management/finance or equivalent professional qualification.

Experience:

• At least 5-years operations experience, preferably in a financial institution.
• Working knowledge of financial sector instruments, market operations, regulations, ethics, and professional jargon.
• Excellent knowledge of financial business operations and expected controls.

Other (Skills):

• Excellent oral communication skills. Proficiency in written communication
• High level of computer literacy
• Strong skills in time management and problems solving.