EFG Holding is a Universal Bank in Egypt with the leading Investment Bank in MENA
Securities Brokerage, Asset Managment, Private Equity, Research, Financial Leasing, Microfinance, Consumer Finance, Factoring, and Investment Banking
EFG Holding is a Universal Bank in Egypt with the leading Investment Bank in MENA
Securities Brokerage, Asset Managment, Private Equity, Research, Financial Leasing, Microfinance, Consumer Finance, Factoring, and Investment Banking
junior Settlements Officer
About the job
Responsibilities
- Prioritize work based on settlement cycles and custodian deadlines.
- Maintain database of custodian sub-agent settlement instructions, updating and adding accounts in a timely fashion.
- Advise management of potential risk items (failing trades; aged break items, etc.) which may involve a claim against EFGHIS.
- Maintain up-to-date files relating to settlement practices in each market in which EFGHIS is trading on behalf of the clients.
- Work on sending the daily Invoices to the custodian banks.
- Open account with the local brokers & custodian banks in the region.
- Work on providing the trade support team with the status of the outstanding trades which are in the process of having any related issues with the market.
- Handle the cash settlement of the trades related to EFGHIS custody and brokerage clients.
- Handle corporate action events in MENA markets.
- Ensure compliance with all applicable AML/CTF rules and regulations as required in the conduct of the role.
- Ensure timely completion of all relevant AML/CTF training provided by the Group.
- Ensure response to AML, CTF & sanctions inquiries in a timely manner.
Job Requirements
- Bachelor’s degree in Finance, Economics, Accounting, or any related field.
- 0-2 years of experience in trade settlement, back-office operations, or similar roles in a brokerage firm, investment bank, or financial institution.
- Basic understanding of settlement processes and market infrastructure (clearinghouses, custodians, etc.) is a plus.
- Good command of Arabic and English.
- Proficient user of Microsoft Word and PowerPoint.
- Good communication skills (written, verbal and listening).
- Able to build partnerships and work well in teams.
- Can identify problems and refer/escalate complex issues to a higher level.
- Flexible in taking on new tasks.
- Ensure deliverable are always of a high quality.
- Multi-tasker, with the ability to meet changing deadlines.
- Manage pressure and conflicting demands and priorities tasks and workload.
“Thank you for your interest in applying to EFG Holding. Due to the high volume of applications/interest, please note that we are only able to respond directly to applicants that are shortlisted for interviews.”