Operations Consultant: Transfers
Sygnia Asset Management
Overview
This position is for an Operations Consultant within our Transfer team. The role entails administration for the Linked Investment Services Provider (LISP) and its related retail products namely Tax-Free Savings Investments, Direct Investments, Retirement Annuity Fund, Preservation Funds and Living Annuity products.
Requirements
- BCom or equivalent undergraduate degree/diploma is preferable
- At least 3-5 years’ experience in the Linked Investment Service Provider (LISP) environment administration is preferable
- Experience in LISP, Collective Investment Schemes, Retirement Funds/Employee Benefit Funds, Linked Life Companies is an advantage
- A thorough understanding of Tax Free Savings transfers and Direct Investment transfers, including both cash and unit transfers
- A thorough understanding of the Section 14 (1), (8) and Section 50 (Directive 135) transfer process
- A thorough understanding of transfer from retirement (Recognition of transfer) process
- A thorough understanding of the benefit process including retirement, death claims and withdrawals
- A good understanding of the regulations governing retirement funds and living annuities
- Strong working knowledge of word processing and spreadsheets (MS Word, Excel)
Responsibilities
- Perform due diligence procedures on instructions in line with the relevant RMCP and verification tools
- Perform product validation procedures on the instruction in terms of laws and regulation
- Perform business validation procedures instructions in terms of the LISPs Terms and Conditions
- Request and manage all outstanding requirements by engaging with clients and business partners
- Undergo inspection and analysis of various bank accounts to match unallocated deposits to client instructions
- Report suspicious activities within the business structures
- Capture accepted and valid instructions in varying systems, completely and accurately
- Ensure daily management and updating of dashboards and duties
- Collaboration between the administration team and the Client Service Team
- Maintain strong internal departmental relationships
- Identify gaps in processes and report these to the line manager
- Understand and adhere to the appropriate policies, standards, and procedures
- Engage in risks and risk events relevant to the role and report findings
- Maintain a healthy team spirit by assisting peers and processing adhoc tasks as delegated
How to apply
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