Vukani Eugene Sithole
Team Leader - Apex Group
Roodeport
Summary
Team Leader experienced in directing activities of workgroups. Develops strategies, provides training, sets goals and obtains team feedback. Excellent interpersonal and communication skills. Big picture focus with excellence in communicating goals and vision to succeed. Problem solver, networker, and consensus builder. Service excellence by always putting the client in the center of everything I do.
Overview
19
19
years of professional experience
5
5
Languages
Work History
Custody Reconciliations Team Leader
APEX GROUP
Johannesburg, South Africa
12.2021 - Current
- Lead and guide the team to achieve the goals set
- Make sure that there is an alignment between the team’s goals and the bigger company’s goals
- Build and maintain strong relationships with both internal and external clients
- Monitor the service delivery by the team in terms of SLA and managing client’s expectations regarding deliverables
- Supervising and ensuring that the required daily processes and deliverables are adhered and correctly executed by the team
- Providing key performance metrics to the custody reconciliations manager measuring individual output
- Managing the workload per individual to maximise the output by balancing monthly and daily deliverables
- Monitoring Cash and Scrip reconciliation breaks by identifying trends and addressing the root causes
- Monitor reconciliation breaks to ascertain whether current processes and controls are adequate
- Identifying training needs through training metrics and provide or arrange training
- Assist with audit requirements
- Liaising with project team on team projects planning and seeing it to completion
Global Reconciliations Operations Team Leader
Investec Bank Limited
Johannesburg, South Africa
10.2018 - 01.2021
- Lifecycle status monitoring – assesses and recommend improvements to the Recon Lifecycle
- Make use of current reports to analyse Recon Lifecycle with a view to manage and improve our stakeholder expectations
- Review and understand all stakeholder SLA’s that are not met
- Analyse and recommend ways to drive the number of outstanding items down
- Monthly preparation of management reporting information including SLA reports for our stakeholders
- Attend month end report meeting with relevant stakeholders
- Setup and manage regular Scrums with the team
- Ensure that all stakeholders are kept updated on the team’s strategic objectives
- Track analyses and trend incidents impacting our stakeholders
- Ensure KRI's are fit for Risk Managers review
- Ensure that the team is cross-skilled across the various functions they perform
- Ensure consistent performance of the team
- Mentor and coach members in the team
- Ensure all queries are dealt with in a timeous manner by the team
- Develop and maintain a close relationship with the Technical/IT team
- Involvement in scoping sessions for new Recon builds
- Manage teams capacity to assist with testing and sign off
SA Reconciliations Team Leader
Investec Bank Limited
Johannesburg, South Africa
07.2017 - 10.2018
- Involvement in scoping sessions
- Manage resource capacity
- Review test packs before sign offs on all test environments
- Ensure all action items on the team/ champion minutes are attended to
- Regular Scrums to be managed effectively
- Attend month end report meeting with relevant stakeholders
- Set up time to go through bi-weekly reports with team leaders
- Develop and maintain a close relationship with the Technical/IT team
- Conduct regular check in sessions with team members
- Ensure cross-skilling occurs within the team
- Manage swift handover of recons
- Efficiently manage recons rotations
- Trending on items older than 7 days
- Analysis of Incidents logged
- Lifecycle status tracking – review and understand SLA’s not met
- Analysis and trending on accounts not set up (OI Report)
- Unmatched and reallocations trending
- Review and approve the manual file loads
- Pick up trends and explore options of elimination
- Ensure query resolutions are dealt with in a timeous manner by the team
- Ensure email queries are managed accordingly by the team
- Matchings report to be reviewed to track the drastic movements in rates
- Exceptions and Item reasons Ageing review
- Financial reports for senior stakeholders
- Analyse and trend the incidents
- Ensure KRI's are fit for Risk Managers review
- Ensure consistent performance of the team
- Mentor and coach members in the team through constant catch-up sessions
Reconciliations Administrator
Investec Bank Limited
Johannesburg, South Africa
07.2011 - 07.2018
- Responsible for balancing of cash & position reconciliations
- Ensure that the cross accounts queries is run to check for Gap Records (Opening and Closing Balances are in sync)
- Update outstanding information such as account number of client name by searching in on Radar, Bops, Swift PMC report and Equation
- Check that opening and closing balances from Equation and Calypso are the same as Accurate
- Check that statements have fed in from Calypso, Equation and Swift
- Managing and following up on Collateral recon breaks
- Distribute completed recons to all Operational groups
- Distribute summary reports to check for overdrawn accounts
- Ensure that outstanding items are correctly assigned
- Handling both inward and outward queries timeously and correctly
- Distribute all outstanding items and prepare month end recons
- Document all procedure manuals in Recons area and making sure that these documents current and up to date
- Assist IBL branches and systems testing and/or enhancements
Securities Lending Trader
Investec Bank Limited
06.2009 - 11.2011
- Daily management of the securities lending book assist clients to get the best possible rate by keeping enough shares on our pool that we get from the market
- Assist with corporate actions and trending the behaviour of securities in when there is big announcements
Junior Interest Rate Trader
Investec Bank Limited
06.2006 - 06.2009
- Daily management of the desk’s interest rate exposure using derivatives instruments swaps, bonds, Fra’s and Options
- Assist with the pricing and hedging of deals coming from Financial Products desk (structuring team)
Skills
- Power BI
- Invest One
- Microsoft Office
- MS Word
- MS PowerPoint
- MS Excel
- MS Teams
Systems Used
- Power BI
- Invest One
- Card 400
- Equation
- Swift Alliance
- Smarstream
- Front Arena
- Slams
- Radar
- JDE
- Accurate
Recent Courses
- Developing Team Leaders
- Individual Development Journey
- Developing New Managers (Graduate School of Business - UCT)
Education
CIDA City Campus, Bachelor of Business Administration (BBA) Degree, International Finance Management and Marketing, 2004, 54 Commissioner Street, Johannesburg, Gauteng, 2004, Myeka High School, Metric, 2000, English, Zulu, Mathematics, Accounting, Economics, Business Economics
Personal Information
- ID Number: 8108286086080
- Citizenship: South African
- Date of Birth: 08/28/81
- Gender: Male
Timeline
Custody Reconciliations Team Leader
APEX GROUP
12.2021 - Current
Global Reconciliations Operations Team Leader
Investec Bank Limited
10.2018 - 01.2021
SA Reconciliations Team Leader
Investec Bank Limited
07.2017 - 10.2018
Reconciliations Administrator
Investec Bank Limited
07.2011 - 07.2018
Securities Lending Trader
Investec Bank Limited
06.2009 - 11.2011
Junior Interest Rate Trader
Investec Bank Limited
06.2006 - 06.2009