Karabo Mokhomole
Transactor, Structured Cash Solutions
Phalaborwa,Gauteng
Summary
I am a finance professional who possesses a comprehensive skill set honed over 3 years of experience in client facing and middle office administration. A proficient transaction analyst with first-hand experience in foreign exchange transactions, deal closing, collateral management, reconciliation in managing more than $190 million in client funds. A sales trader with an understanding of both local and international financial markets, boasting substantial expertise in equities, treasuries and derivatives with expertise in client relationship management.
Overview
4
4
years of professional experience
4
4
years of post-secondary education
3
3
Certifications
Work History
ESG Partner
IG Group
Johannesburg
11.2023 - Current
- Volunteering through career days and skills-based sessions with our partner Teach the Nation
- We give presentations to develop students in their employability skills and leadership characteristics
- We also provide job shadowing to provide career guidance to unlock the potential of young people from previously disadvantaged communities
- Sit on the ESG local committee helping shape the direction of our programmes and implementation across the region
Payment Analyst
IG Group
Johannesburg
06.2022 - Current
- Part of the payment operations team which includes credit and client money that executes payment instructions, reconciles and segregates more than $190 million across the group’s platforms
- Lead efforts to ensure adherence to anti-money laundering (AML) and counter terrorism financing (CTF) risk management protocols through Foreign Exchange Policies and Procedures
- Payment execution for high net-worth and institutional clients ensuring we have all verification details, ensuring they have sufficient balance, diligence to ensure the payment instructions are correct and client receive the payments timely
- Experienced in SA Reserve Exchange Control Regulations, FINMA guidelines, SWIFT standards, message types and cut-off times for multiple regions including EMEA
- Innovate and optimise payment solutions to enhance the efficient allocation of client funds resulting in improved operational processes resulting in reduced fraud cases and regulatory breaches
- Worked to Introduce popular deposit options like PayPal and Apple Pay, expanding client choices and simplifying the deposit process
- Worked on credit card support to ensure client funds are withdrawn or allocated effectively
- Skilled in fraud and risk management to effectively identify, mitigate and reduce market credit and operational risk
Sales Trader
IG Group
10.2020 - 05.2022
- Part of sales trading team that provided execution, holistic relationship management and account planning for clients across the world
- Demonstrated expertise in global financial markets including financial FICC (Fixed Income, Currency and Commodity) derivatives markets
- Conducted in-depth discussions, market research and analysis with high-net worth and institutional clients, facilitating informed trade decisions on their behalf
- Calculated exposure, trade size, margin requirements and tracked profit and loss for clients to ensure optimal trade outcomes
- Voice and electronic trading execution
- This shows an understanding of basic pricing concepts and application to client transactions and accounts
- Provided meticulous key account management services encompassing corporate actions, payment processing and thorough market analysis
- Offered insightful opinions on general market conditions contributing to client’s decision-making process
Education
BBA - Accounting
Monash University
Johannesburg 01.2017 - 10.2020
Skills
- Electronic trade systems
- Communication
Business relationship management
- Conflict resolution
Customer service
- Data modelling
- Payment execution
- Power BI
- Execution trading
- MS Office
- Stakeholder management
- Operational risk management
- Cross team collaboration
- Strategy development
Customer relationship building
Certification
RE5, 2024, Moonstone Business School
Timeline
ESG Partner
IG Group
11.2023 - Current
Payment Analyst
IG Group
06.2022 - Current
Sales Trader
IG Group
10.2020 - 05.2022
BBA - Accounting
Monash University
01.2017 - 10.2020
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