Senior Scrip Settlements Administrator

CMC are hiring! We have a brand new permanent opportunity for a Senior Scrip Settlements Administrator to join our Business Operations department, based in our Barangaroo, Sydney office.
Please note that we operate onsite working and would need someone to come into our Barangaroo office 5 days per week.
This position is only open to Sydney based candidates with full working rights (e.g. Permanent Resident/Citizen).
CMC Markets is a global leader in CFD trading and share investing. Our vision is to provide the ultimate online trading experience so everyone can achieve their financial potential. Since our launch in London in 1989, we’ve expanded globally with offices across Europe and Asia Pacific. Over 1.2 million clients make 67 million trades with us every year, and we’re still growing.
CMC Markets Stockbroking provides retail and wholesale stockbroking services including trading, clearing and settlement of transactions. Services are provided to a large base of retail clients, as well as customers of several banking and financial partners through a white label service offering.
ROLE PURPOSE
The Stockbroking Scrip team is responsible for settlement of domestic equity transactions, DVP’s, processing of CHESS related tasks and corporate actions. The role is primarily administration focussed as well providing support to the wider business. Accuracy and attention to detail and the ability to pick up new concepts quickly are critical to this role. International cross training will be encouraged at a later stage.
ROLE RESPONSIBILITIES
This role is team based, where the successful applicant can expect to be working on the following tasks, subject to the direction/requirements of the team on a day-to-day basis:

• Covering CHESS market obligations: Ensure compliance with CHESS market obligations and regulations.
• Broker-to-Broker transfer of CHESS Holdings and HINs: Facilitate the secure transfer of CHESS holdings and Holder Identification Number (HINs) between brokers.
• CHESS Conversions: Process conversions from Issuer-sponsored to/from CHESS sponsored securities.
• DVP Settlements/Margin Lending Settlements: Process Delivery Verses Payment (DVP) settlements and margin lending settlements.
• Corporate Actions and Takeovers/Buy Backs: Coordinate and process corporate actions, takeovers, and buybacks, including market protections.
• Off Market Transfers: Process off-market transfers efficiently and accurately.
• Sponsored CHESS Holdings Management: Process sponsored CHESS holdings and ensure their smooth operation.
• Options Collateral Management: Process options collateral and ensure accurate management.
• MFunds on ASX: Process Mutual Funds (MFunds) on the ASX platform.
• Monitoring of Trades and Suspense Accounts: Keep a vigilant eye on trade bookings and suspense accounts, taking action as needed.
• ASX Bookbuild and IPO Lead Technical Manager: Processing ASX Bookbuilds and IPOS
• Testing and Implementing New Products and Software Upgrades: Assist with the testing and implementation of new products and software upgrades, including ASX/CHESS upgrades and GBST upgrades.
• Review and Release of System Applications: Assist with the review and releasing of system applications.
• Writing and Implementing Procedures: Maintain and update operational procedures to ensure efficiency and accuracy.
• Seeking Process Improvements through Automation: Proactively seek opportunities to streamline and automate processes, potentially using robotics.
• Assist the Scrip Manager and Operations Manager to ensure team members can perform their roles by providing them with training for efficient delivery of the team’s process.
• Implementing plans, developed with management, to ensure performance of the team is at necessary levels and take action to address unsatisfactory performance if required.
• Provide pro-active input and expertise to team’s procedures.
• Contribute to the development, coaching and mentoring of more junior members of the team.
• Act as a point of contact for addressing and resolving issues related to Scrip Settlements operations.

KEY SKILLS AND EXPERIENCE
Essential:

• Prior Stockbroking industry experience with equity and /or options processing.
• Familiar with ASX rules and compliance requirements for CHESS sponsored and processes.
• Knowledge of CHESS market obligations and regulations.
• Proficiency in handling corporate actions and other post-trade activities.
• Ability to work with various stakeholders and interfaces.
• Strong problem-solving and communication skills.
• Familiarity with software and system upgrades.
• Experience with GBST Shares™
• Experience with Microsoft office products

Desirable:

• RG-146 certification
• Experience with GBST Shares™
• Experience with GBST DCA™ or a similar options back-office system
• Minimum 3 years’ experience in a stockbroking back-office role
• Detailed knowledge of CHESS, Settlements, Options and Corporate Actions

COMPETENCIES

• Excellent written and spoken communication.
• Excellent numeracy skills
• Demonstrate accuracy and attention to detail.
• Must be well-organised and able to prioritise daily tasks to meet deadlines.
• Ability to multi-task and work autonomously whilst working to strict deadlines.
• Ability to quickly grasp new concepts.
• Able to communicate effectively with both internal and external stakeholders and customers where required.
• Provide strong leadership within the Scrip Settlements team, guiding members towards common goals.
• Demonstrate a good understanding of the business environment and industry trends related to Scrip Settlements.
• Evaluate potential risks and benefits to make sound decisions for the team and organization.
• Actively contribute to the development of team members through coaching and mentoring.

BENEFITS

• Charity give-back days.
• 1 extra annual day of leave for your birthday.
• A dedicated benefits & wellbeing hub, for you to save on groceries, access retailer discounts and enjoy various resources to enhance your physical & mental wellbeing.
• Receive an extra day of annual leave after each year of service (max 25 days of annual leave after 5 years of service).
• Social Club, Women@CMC, LinkedIn Learning and more.

CMC Markets is powered by our people. We are an equal opportunities employer and are committed to creating a diverse and inclusive workplace, where our people feel confident to be themselves, feel valued and are able to do their best work. We don’t just value differences and unique perspectives, we seek them out and we invite them in, because we know it will lead to better outcomes for everyone.