Trade Support at Absa in South Africa

Trade Support Location: Sandton Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. Job Summary The Sales and Trading Assistant will provide front office support to Absa’s Global Markets Sales and Trading teams in London and South Africa. The primary responsibility will be to support the offshore clients. The role focuses on trade execution support, booking accuracy, lifecycle management, and coordination across Risk, Operations, Finance, and Compliance, enabling Sales and Traders to focus on client coverage and market activity. Job Description Key Accountabilities Capture and book trades into internal systems Support the sales team during primary auctions and during secondary market business hours Resolve and investigate breaks and allocations timeously done within standard times as documented by the JSE Reconcile trades with back-office systems Ensure compliance with internal policies and regulations Support trade settlements and confirmations Assist with initial onboarding and ongoing maintenance of onboarded clients, working closely with sales teams covering the clients Handling the data in Front Arena and MyMI to ensure the trade data is captured correctly to represent client volumes, sales credits across different trading books Ensure client revenue and client feedback are accurately captured in reporting systems and Salesforce respectively Perform trade allocations timeously in line with market standards Work with the Sales teams to ensure that onboarding, credit and legal requests are dealt with efficiently through the relevant areas. Ensure that all client queries and desk queries are dealt with as efficiently as possible Education and Experience Required Bachelor’s Degree in either of the following areas Finance, Financial Mathematics, Mathematics,  Statistics, Accounting or  Economics Postgraduate would be an advantage CFA / FRM would be an advantage. At least 3 years of relevant experience Competencies: Solid understanding of most / all asset classes (Equity, Commodity, Fixed Income, FX, Credit and MM) Proficiency in Excel (often advanced) Familiarity with Absa trading and risk system, such as Front Arena Familiarity with trading platforms (e.g., Bloomberg) Strong numerical and analytical ability Multi tasking Other Competencies:  (Maximum of 8 competencies) ·       Appetite for change ·       High attention to detail (minimal errors in trade booking and communication) ·       Self Confidence ·       Ability to communicate effectively at all levels ·       Ability to work under pressure ·       Ability to coordinate activities across various departments ·       Ability to work accurately and independently ·       Ability to maintain and build good working relationships ·       Team Player ·       Good problem-solving ability ·       Ability to adapt to a changing working environment and changing deadlines Education Bachelor`s Degrees and Advanced Diplomas: Physical, Mathematical, Computer and Life Sciences (Required) Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised