Settlement Officer (Encashment)

Job Purpose & Summary:
The Settlement Officer (Encashment) is responsible for the execution and settlement of client trades, encashment and provides support for other settlement functions as required and assigned. The position executes administrative and security documentation functions for Cash and Equity in accordance with JMMB's policy guidelines in order to mitigate financial exposure and adherence to set risk and operational standards. The position promotes the JMMB's Ethos, Vision of Love and its unique culture while engaging in the process for the continuous improvement.
Duties and Responsibilities:
Timely and Accurate Encashments
* Coupon payment disbursements
* Disbursement of USD Dividends
* Timely and accurate settlement of client encashment requests
* Movement of funds between company accounts
Client Trades and Letters
* Upload equity fills
* Follow through to ensure transaction completion
* Trustee Account Settlement Management (daily deposits and fills)
Reconciliation
* Coupons as scheduled
* JMMBITT Daily Bank Balances
* Assisting Finance with reconciling JMMBSL bank accounts
Queries
* Support with the resolution of client queries
* Support with the resolution of internal queries
* Any other related duties as may be assigned from time to time
Education, Training & Work Experience Required:
* Bachelor's Degree in Business, Finance, Economics or other Social Science.
* Minimum of five (5) years working experience in Investment operations and a client service environment within the financial sector
* Working knowledge of financial sector instruments, market operations, relevant laws, and regulations.
Skills:
* Good interpersonal skills
* Satisfactory level of computer literacy, such as Microsoft Office Suite - Word, Excel.
* Good written, oral and non-verbal communication skills.
* Good reporting and documentation skills
* Detail and results-oriented, organized, ability to manage multiple tasks with tight deadlines
Behavioural Competencies:
* Promotes the JMMB's philosophy of the Vision of Love and its unique culture.
* Promotes the Project Management culture for the transformation and continuous improvement of the JMMB and its associated companies.
* Solution oriented expert
* Actively live our core values as enshrined in the Vision of Love
* Extraordinary leader working in the best interest of all
* JMMB's defined Leadership competencies
Relationships:
* Finance/Operations Manager
* Compliance & Internal Audit
* Sales Team
* JMMB Investments Jamaica

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