About this role
Job Classification
Requisition - 146992 - Melissa Cloete
Business Unit - Nedbank Private and Wealth - Investment Management
Location - Cape Town or Johannesburg
Work Arrangement - Hybrid (3 days in office)
Closing Date - 8 October 2026
Employment Equity Statement - Preference will be given to Applicants from Underrepresented Groups
Please note: We reserve the right to close this vacancy advertisement before the advertised closing date should operational requirements or application volumes necessitate it.
Job Family
Investment Banking
## Career Stream
Ib Sales
## Leadership Pipeline
Manage Self: Professional
## FAIS Affected
FAIS Affected - Yes
## Job Purpose
As a Middle Office Analyst, you will act as the vital link between our front-office fund management and back-office settlement teams. You’ll be responsible for executing trades, ensuring the integrity of trade data, managing the post-trade lifecycle, and mitigating operational risk to keep our investment process running smoothly.
You will execute investment transactions efficiently across all asset classes (SA Equities; Offshore Equities; Bonds; Money Market; Instruments; Listed Property; FX; Futures; Options; Structured Products) while minimizing market impact, transaction costs, and operational risk. The dealer is responsible for implementing portfolio manager investment decisions and ensuring best execution for clients.
Job Responsibilities
Trade Execution
- Execute equity, fixed income, money market, FX, derivatives and ETF trades.
- Source liquidity from brokers and counterparties.
- Manage order books and trading priorities.
- Ensure compliance with investment mandates and regulatory requirements.
Best Execution
- Achieve best execution in accordance with:
- FSCA requirements
- CISCA regulations
- Internal Best Execution Policy
- Monitor broker performance and transaction costs.
- Analyse execution quality and slippage.
Market Intelligence
- Maintain relationships with:
- Stockbrokers
- Bond dealers
- Banks
- Market makers
- Communicate market colour and liquidity conditions to portfolio managers.
- Monitor economic and market developments.
Job Responsibilities Continue
Portfolio Implementation
- Implement:
- New investment ideas
- Asset allocation changes
- Rebalancing trades
- Cash flow investments
- Withdrawals and switches
Compliance & Risk
- Adhere to dealing mandates and approved broker lists.
- Identify pre-trade compliance breaches.
- Ensure trades are executed within client mandate restrictions.
- Support regulatory reporting requirements.
Trade Management
- Validate trade captures.
- Resolve exceptions with operations teams.
- Ensure accurate settlement instructions.
Trade Support
- Validate all executed transactions.
- Monitor settlements.
- Resolve trade exceptions.
- Liaise with custodians, brokers and administrators.
People Specification
Essential Qualifications - NQF Level
- Matric / Grade 12 / National Senior Certificate
- Advanced Diplomas/National 1st Degrees
Preferred Qualification
- Bachelor of Commerce in Finance / Economics / Investments
- Relevant market examinations
- CFA
- CAIA
- SAFEX Certification
- JSE Traders Examination
Minimum Experience Level
- 3-10 years asset management Dealing experience.
- Strong understanding of: Bloomberg; Reuters; OMS systems; EMS platforms
Technical / Professional Knowledge
- Data analysis
- Governance, Risk and Controls
- Industry trends
- Microsoft Office
- Principles of financial management
- Principles of project management
- Relevant regulatory knowledge
- Decision-making process
- Business Acumen
- Environmental Awareness
Behavioural Competencies
- Earning Trust
- Continuous Learning
- Collaborating
- Customer Focus
- Work Standards
- Advancing Sales Discussions
- High-Impact Communication
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Please contact the Nedbank Recruiting Team at +27 860 555 566