Settlement Officer (Port-of-Spain)

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

Key Responsibilities:

• Administer client request for:
  • Brokerage account updates for assigned territory.
  • Stock transfers locally and regionally
  • Share certificate deposits.
  • Dividend mandates
  • Indemnities and share certificate replacements.
  • Pledge forms for external lenders
  • Audit confirmations
  • Embassy letters
  • Client statements
  • Contract Notes

Responsible for the settlement of clients’ equity transactions for regular equity trades, credit orders and margin trading for JMMB SL and subsidiaries as assigned.

The liaison with JMMB Investments Frontline officers and External Agencies such as TTCD,

Company Registrars and Other Brokers, in relation to status of security transfers, deposits, certificate and cheque replacements and any other security related transaction queries.

Responsible for allocation and assignment of global securities used in classic repurchase agreements.

Responsible for receipt and monitoring of global securities received for classic reverse repurchase agreements.

Responsible for transfers of all global assets for and on behalf of retail clients

Responsible for the pledging of repos at the TTCD

Support Capital Market Initiatives of varied structure and complexity.

Prepares letters\ and ensures security is available for any Leverage Transactions.

Supports internal and external audit processes through provision of information and liaison with auditors for areas of responsibility.

Provides relief/ support for other middle office units as required and assigned.

• Reporting
  • Assist with the testing for the quarterly RCSA framework.
  • Daily update of Repo Register and Non-trade log.
  • Supports internal and external audit processes through provision of information and liaison with auditors for areas of responsibility.
• 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 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 problem solving.