Faizle Jones
Settlement Officer or Collateral Specialist
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About
am a dedicated, people-focused professional who brings steady temperament, strong work habits, and a positive approach to every environment. I learn quickly, handle pressure well, and take on new responsibilities with confidence and enthusiasm. My experience across diverse settings has strengthened my ability to collaborate effectively, adapt with ease, and deliver reliable, detail-driven work
Experience
Collateral Specialist, ABSA Bank, Johannesburg
Identify and implement process improvements to enhance efficiency and control.
Ensure full adherence to operational risk, compliance, and internal control standards.
Support audit reviews and prepare monthly billing, deal summaries, and management reports
Trade Support
Support the business and its clients with trade allocations and confirmations.
Equity settlements – trade monitoring and Correction of erroneous trades
Capture, confirm, and settle all collateral transactions within agreed timelines.
Trade monitoring and Correction of erroneous trades on Front Arena
Resolve settlement discrepancies and liaise with custodians, traders, and counterparties.
Cash Management
Support the cash management (cash flow forecasting) and bank reconciliations. Cash Collateral management with Lenders.
The implementation of processes and controls to ensure that recons that reconciliations sent out to stakeholders are done so in accordance with service level agreements.
Contributing knowledge and experience to assess potential control weaknesses in new and existing products and processes on an ongoing basis.
Ensuring attention to detail when screening of position and cash reconciliations submitted to stakeholders and the timely escalation of any discrepancies as and when they are encountered.
Accurate and timely reporting of Daily, Weekly and Monthly Management Information to key stakeholders and Management.
Ongoing liaison with Information Technology business partners to assess opportunities for the implementation of technological enhancements.
Preparation of daily position and cash reconciliation and distribution of recons to relevant stakeholders. Advising settlements or relevant areas what entries needs to be processed for break resolution.
Collateral Specialist, ABSA Bank, Johannesburg
Identify and implement process improvements to enhance efficiency and control.
Ensure full adherence to operational risk, compliance, and internal control standards.
Support audit reviews and prepare monthly billing, deal summaries, and management reports
Trade Support
Support the business and its clients with trade allocations and confirmations.
Equity settlements – trade monitoring and Correction of erroneous trades
Capture, confirm, and settle all collateral transactions within agreed timelines.
Trade monitoring and Correction of erroneous trades on Front Arena
Resolve settlement discrepancies and liaise with custodians, traders, and counterparties.
Cash Management
Support the cash management (cash flow forecasting) and bank reconciliations. Cash Collateral management with Lenders.
The implementation of processes and controls to ensure that recons that reconciliations sent out to stakeholders are done so in accordance with service level agreements.
Contributing knowledge and experience to assess potential control weaknesses in new and existing products and processes on an ongoing basis.
Ensuring attention to detail when screening of position and cash reconciliations submitted to stakeholders and the timely escalation of any discrepancies as and when they are encountered.
Accurate and timely reporting of Daily, Weekly and Monthly Management Information to key stakeholders and Management.
Ongoing liaison with Information Technology business partners to assess opportunities for the implementation of technological enhancements.
Preparation of daily position and cash reconciliation and distribution of recons to relevant stakeholders. Advising settlements or relevant areas what entries needs to be processed for break resolution.
Education
- Institution: University of South Africa
- Qualification: Bcompt Accounting
- Completed: 2018
