Coronation

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Operations Trainee - Law - Coronation Catapult Programme 2025

The Programme

Launch your career in Financial Markets! 

Are you a detail-oriented individual with exceptional accuracy? 

Do you thrive in fast-paced environments and handle pressure with ease? 

Join Afrifocus as an Operations Trainee in the exciting world of stockbroking! In this role, you will support critical back-office operations, where precision is key, and you will gain invaluable experience in financial markets. 

Flexibility with working hours is essential, as you will be playing a vital role in ensuring smooth operations based on market demands.

Still wondering why, you should choose this career?

Starting your career in this generalist operations role provides a unique opportunity to gain broad exposure to multiple facets of stockbroking. 

A financial markets career path offers competitive remuneration in one of the most resilient sectors of the economy, meaning you will be setting yourself up for a stable and secure future. By working in areas like corporate actions, settlements, compliance and general operations, you will develop a comprehensive understanding of the critical processes that keep this type of financial institution running smoothly. 

This diverse experience builds a strong foundation for various future career path options such as becoming a compliance officer, settlements officer, corporate actions specialist or even an operations manager, and these specialist skills are highly valued by financial services firms. 

The constant evolution of financial regulations and market activity ensures that no two days are the same, making this a challenging yet rewarding career with numerous opportunities for growth.

In addition to the required studies, you and other graduates participating in the Catapult Programme will be provided with skills training including but not limited to critical thinking, resilience, business communication skills and coaching.

What You Will Do

Rotation across the following areas in the business: 
 
Corporate Actions:

  • Bank reconciliations. 
  • Reconciling stock and cash positions. 
  • Communicating with the Portfolio Managers regarding their clients’ options for corporate action.

Compliance:

  • Conducting regulatory inspections of the stock market. 
  • Coordination and exchange submission, sending suitable replies to the regulatory authorities. 
  • Ensuring compliance with the provisions of the Financial Markets Act, the Rules and Directives of the JSE and Board decisions.

Settlements:

  • Daily allocations of institutional trades. 
  • Daily checks on committed trades. 
  • Counter party follow ups. 
  • Script lending.

Operations Management:

  • Supporting the company’s daily business operations and administration. 
  • Exposure to general HR duties when required. 
  • Assisting with company presentations when required.

General administration and support:

  • Opening new accounts. 
  • Conducting client verification checks. 
  • Handling of day-to-day client queries and requests.

Required Skills and Abilities

This is a graduate opportunity; thus, no experience is necessary. 

  • Any commerce degree majoring in accounting, economics, investments, finance, business management, law or the like.

Most Important Attribute:

  • Ability to be accurate and function positively under pressure. 
  • Attention to detail. 
  • Flexibility with working hours based on financial markets operational requirements.

System Knowledge:

  • Microsoft Office Suite. 

JSE and RPE Exams (willing to complete the following sponsored exams): 

  • Introduction to Financial Markets (RPE) 
  • Regulations and Ethics of the South African Financial Markets (RPE) 
  • Equity Market (RPE) 
  • JSE Equity Settlement Officer. 
  • Compliance Officer.

Application Closing Date – 31 October 2024 

About Us: 

Coronation was founded in Cape Town, South Africa in 1993 by a group of investment professionals who left an established institution to start a dedicated fund management business.  
 
With zero assets and zero clients, their objective was to build a world-class, investment-led and independent fund manager. Today, Coronation is 29% employee-owned and a leading brand in the South African investment industry. We are solely focused on asset management and have a track record of delivering competitive long-term returns to our clients for nearly three decades.  
 
An active investment manager with a long-term valuation-driven investment approach, Coronation currently manages R632 billion in client assets (as at end-June 2024).

Our investment expertise extends across asset classes and geographies, with our longest-running strategies focused on specialist equity and multi-asset portfolios in global emerging and frontier markets.

We believe we are one of the largest and most successful managers of institutional and retail assets in southern Africa and offer both segregated and pooled investment vehicles. Our clients include pension and provident funds, medical schemes, unit trusts, banks, insurers and other fund managers. We also manage assets for a growing number of international retirement funds, endowments and family offices.

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