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Derivatives Operations Specialist

Vacancy Details

Reference No.



Manage a team to ensure orderly markets and settlements of financial instruments listed on the company by monitoring and managing settlement and ensuring settlement takes place. In addition, protect the company’s reputation and integrity of the company as exchange for a Derivatives Operations Specialist, at a leading financial services provider.


  • Provide input into departmental / divisional budget to ensure appropriate resource allocation in achievement of departmental goals
  • Manage assigned budget through monitoring and seeking cost effective ways of achieving departmental goals
  • Track projects against project milestones and in accordance with performance agreement of each team member
  • Measure efficiency against project milestones, department milestones and performance agreement
  • Ensure efficient operation by making recommendations after looking at risks and issues in accordance to their performance agreements and ensure client service and satisfaction
  • Meet own and staffs agreed client service and satisfaction objectives by maintaining SLA’s, understanding impact and scheduling meetings to provide feedback to stakeholders
  • Work with different stakeholders within the company to meet the company’s Strategic Initiatives
  • Create and implement staff and resource plans clear work allocation accountability to deliver on the departmental / divisional strategy
  • Monitor KRA’s and SLA’s on a constant basis to ensure that timelines are met and work is executed in a timely manner and that prompt corrective action can be take should a timeline not be met
  • Oversee the operations desk by monitoring group emails addresses and responding to clients in a timely manner to ensure that daily procedures are completed effectively, timeously and accurately
  • Monitor and manage the monthly reporting to the SARB and relevant stakeholders
  • Assist with investigations on possible new systems, automation or upgrade of current systems to cater for integrated clearing strategy
  • Ensure adherence to Service Schedules and quality processes are in place by mapping and documenting current processes and making recommendations to make current processes more efficient
  • Assist with risk management by identifying and escalating risks that may have an effect on the clearing and settlement for Commodity, Equity and Currency Derivatives
  • Ensure that regulatory actions are consistent, appropriate, clear and cost-effective in the interests of maintaining efficient and well-functioning financial markets in South Africa
  • Conduct manual interventions when inaccuracies cause system failure or down time minimising a snowball effect managing on of the major challenges faced
  • Resolve related PTS operational problems in a determined manner using past experience to adapt and improve a situation
  • Take full accountability by making decisions and escalating appropriately
  • Identify risks to operational procedures and processes and implement solutions in order to ensure the best possible outcome to all stakeholders
  • Mitigate the impact of not meeting deadlines by understanding the full impact and escalate appropriately
  • Cross-skill staff to assist when there is a staff shortage to ensure there is no down time


  • Degree in Financial Markets
  • 10 years plus experience in a financial markets environment
  • Including 4 years having managed a team

Kindly note, if you have not heard from us within two weeks of your application please consider it unsuccessful

Position Type


Work Level



Market Related


Banking/Finance And Investment

Salary Type



Cost To Company

Affirmative Action


Geographic Location

Gauteng - JHB North