The role entails playing a crucial role in ensuring accurate deal booking and adherence to established processes within the organisation\u2019s Transaction Management function. This role is pivotal in mitigating operational and reputational risk by validating the quality and accuracy of transaction data, ensuring alignment with regulatory requirements, and supporting effective risk management practices.\u00a0
\n\tCollaborate with various stakeholders, including traders, risk management teams, and back-office processing functions, to uphold data integrity, streamline processes, and enhance the overall efficiency and accuracy of transaction management.<\/p>\n
Are you someone who can:<\/p>\n
\tEnsure all transactions are booked accurately in line with client instructions and regulatory requirements to minimise booking errors and reduce operational risk.
\n\tConduct detailed reviews of transaction data to identify discrepancies, verify completeness, and ensure data integrity within transaction systems, thus supporting reliable financial reporting.
\n\tCheck that all transactions follow the appropriate processing steps and comply with the organisation\u2019s operational standards, enhancing process efficiency and control.
\n\tValidate that transactions meet applicable regulatory standards (e.g., FICA, Basel III), ensuring the organisation\u2019s compliance and avoiding regulatory penalties.
\n\tIdentify and flag any inconsistencies or irregularities in transaction data, escalating issues promptly to mitigate financial and reputational risk.
\n\tAssure that all relevant transaction documentation is complete, accurate, and stored per organisational policies, supporting accurate audit trails.
\n\tReconcile transaction records across different systems (e.g., trade capture and accounting) to confirm data consistency and integrity across platforms.
\n\tMonitor and test data feeds to ensure automated processes are functioning correctly, improving system reliability and reducing the need for manual intervention.
\n\tTrack recurring data quality issues, compiles detailed reports, and collaborates with IT and business teams to implement corrective measures, enhancing system robustness.
\n\tParticipate in projects aimed at improving transaction management processes, focusing on automation, accuracy, and efficiency to enhance data quality standards.
\n\tCommunicate transaction data quality insights to internal stakeholders, including traders and risk managers, ensuring transparency and promoting proactive issue resolution.
\n\tBecome involved in testing system upgrades or new transaction management tools to confirm they meet quality and accuracy standards before deployment.
\n\tDevelop and monitor key metrics for data quality within the transaction management function, ensuring consistent and quantifiable improvement.
\n\tProvide training and guidance to junior team members or new hires on data quality standards and best practices, fostering a culture of accuracy and accountability.
\n\tPrepare detailed records and documentation in anticipation of audits, ensuring transparency and accuracy in line with internal and external audit requirements.
\n\tWork effectively with team members across departments, fostering a collaborative environment to support transaction accuracy and data quality objectives.
\n\tActively promote a risk-aware culture by adhering to risk management policies and contributing to initiatives aimed at mitigating data-related risks.
\n\tSeek opportunities to enhance transaction management processes through innovation, continuously improving data quality and system efficiency.
\n\tTake personal accountability for the quality and accuracy of work outputs, demonstrating attention to detail and commitment to high-quality results.
\n\tAdheres strictly to the organisation\u2019s ethical standards, ensuring that all work complies with legal and regulatory guidelines to protect the bank\u2019s integrity and reputation.<\/p>\n
You will be the ideal candidate if you have:<\/p>\n
\t5 to 8 years\u2019 experience in a similar environment, of which 3 years ideally at specialist level.
\n\tPreferred: Postgraduate Degree in a related field, enhancing knowledge of finance and risk; Certification in Data Quality Management or related field is a plus.
\n\tMinimum: Bachelor\u2019s Degree in Finance, Accounting, Business, or a related field.
\n\tFamiliarity with corporate and investment banking products, systems, and processes, specifically trade capture and reconciliation.
\n\tProficient in using transaction management and reconciliation systems (e.g., Calypso, Murex, or similar platforms).
\n\tAdvanced skills in Microsoft Excel and experience with data analysis tools (e.g., SQL, Tableau) for effective data validation and quality checks.
\n\tKnowledge of regulatory requirements (e.g., Basel III, FICA) as they relate to transaction accuracy and data integrity.
\n\tAbility to develop and interpret data quality metrics, tracking trends and areas for improvement.
\n\tEffective communication skills to collaborate with stakeholders and explain complex data quality issues clearly and concisely.
\n\tUnderstanding of risk management frameworks and their application within transaction management functions to support risk mitigation efforts.<\/p>\n
go to method of application \u00bb<\/p>\n
Apply via company website ( http:\/\/www.rmb.co.za ) or<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"","_company_name":"Rand Merchant Bank","_company_website":"http:\/\/www.rmb.co.za","_company_tagline":"Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing so... read morelutions. As the corporate and investment banking arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), RMB has access to a network of retail banks in 25 African countries, as well as branches and representative offices in Namibia, Botswana, Nigeria, Angola, Kenya, the UK, India, China and the Middle East. In the business of corporate and investment banking, it\u2019s not just the thought, but the quality and inventiveness of the thinking that counts. Our ability to think differently, and our collaborative spirit is what sets us apart and enables us to deliver on our brand promise Traditional values. Innovative ideas. Making the most of Africa as an investment destination requires specialist skills, innovation and an entrepreneurial spirit. We have funded several projects and advised on a number of mergers and acquisitions in more than 35 African countries over the past decade. We are one of the biggest market makers in the South African financial market. Our innovative hedging solutions protect our clients against: interest rate, currency, liquidity, commodity, equity and credit risks. Think precinct 1 Merchant Place Cnr Fredman Drive & Rivonia Road Sandton 2196 South Africa","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[12],"class_list":{"0":"post-37379","1":"job_listing","2":"type-job_listing","3":"status-publish","4":"hentry","5":"job_listing_region-gauteng","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/37379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=37379"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=37379"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=37379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}