Prescient Fund Services Settlements Officer Internship Vacancy 2026
Prescient Fund Services
General / Other
Monthly stipend
Not stated
Closing date
08 Sept 2026
4 days left
- Opportunity
- Internship
- Minimum education
- Grade 12 / Matric
- Location
- Cape Town, Western Cape
- Posted
- 04 Sept 2026
Sourced via the Graduates24 portal, last confirmed there by our scraper on 4 September 2026.
The apply link goes directly to prescient.simplify.hr — applications never pass through SetaJobs.
We rewrite adverts for readability; the closing date, requirements and application method come from the source advert — confirm them there before you apply. How we source listings →
Opportunity Overview
Prescient Fund Services offers an exciting entry-level Internship Programme for recent graduates keen to launch a career in the investment and financial services industry. This opportunity focuses on the critical role of a Settlements Officer, providing hands-on experience in investment operations.
As an intern, you will gain valuable exposure by supporting the trade matching and settlement process across a wide array of financial instruments and asset classes. The programme is designed to build a strong foundation for a career within fund services, working alongside experienced professionals.
Minimum Requirements
To be considered for this internship, applicants must meet the following criteria:
- A completed tertiary qualification in Finance, Investments, Accounting, Economics, Mathematics, Commerce, or a related field.
- Be a recent graduate or have up to 1 year of relevant work experience.
- Demonstrate a strong academic record and a genuine interest in financial markets and investment operations.
- Be proficient in Microsoft Excel and other Microsoft Office applications.
Key Responsibilities
The successful intern will be involved in a range of duties, including:
- Assisting with the capture, processing, matching, and settlement of investment transactions on internal systems.
- Supporting the settlement of various financial instruments, such as equities, fixed income, collective investment schemes (unit trusts), derivatives, foreign exchange transactions, and other investment products.
- Assisting with the preparation and processing of manual settlement instructions where necessary.
- Verifying trade information received from investment managers, brokers, and counterparties for accuracy and completeness.
- Supporting the submission of settlement instructions to custodians within required deadlines.
- Maintaining and updating broker, counterparty, and settlement information.
- Investigating and assisting with the resolution of trade-related queries from clients, brokers, custodians, and internal stakeholders.
- Supporting the preparation of incident reports and operational documentation.
- Assisting with projects, process improvements, and new client onboarding activities.
- Ensuring all activities are completed accurately and in accordance with internal controls and operational procedures.
- Performing ad hoc administrative and operational duties as required.
What the Work Involves
As a Settlements Officer intern, you will be deeply involved in the day-to-day operations of trade matching and settlement within the financial services sector. Your work will primarily involve handling financial data and systems to ensure that investment transactions are processed accurately and efficiently.
You will regularly interact with various internal teams, as well as external stakeholders such as investment managers, brokers, and custodians. This role provides a detailed understanding of how a variety of financial instruments, from equities to derivatives, are handled post-trade, contributing to the smooth functioning of investment operations.
How to Apply
To apply for this opportunity, please visit the official application portal:
- Click here to apply:
This listing in context
What the 335 opportunities we currently hold say about this one.
- Live internships
- 63
- In Western Cape
- 5
- Closing within 7 days
- 2
10% of the 63 live internships we hold ask for Grade 12 / Matric. The commonest requirement is Degree (NQF 7), at 63%.
Live internships stay open for a median of 41 days between posting and closing date.
Calculated by SetaJobs from the 335 listings open on this site right now, and updated as they change. Browse all 34 opportunities in Western Cape.
What you'll need to apply
Internships usually ask for your completed qualification up front — that is the thing being checked.
- Your CV
- Certified copy of your ID
- Certified copies of any qualifications
- A short motivation letter
What an internship actually is
An internship is a fixed-term work-experience placement for someone who already holds a qualification. Unlike a learnership, it does not award a new qualification — its purpose is to convert a certificate, diploma or degree into the experience that entry-level adverts keep asking for. In the public service these run for a set term and are generally not renewable.
What the work actually looks like
- You are placed in a specific unit under a named supervisor and given the unit's ordinary work, at a junior level.
- Most of the learning is by assignment rather than instruction: you are handed a real task, given the file, and expected to ask.
- Many programmes require a workplace report or a supervisor evaluation at the end, which is what your certificate of service is based on.
What you leave with
Documented work experience and a certificate of service — the thing that lets you answer "experience required" on the next application. No new qualification is awarded.
Where this leads next
Junior or entry-level post
Completing the internship and applying as an experienced candidate rather than a graduate.
Fixed-term contract post
Often the realistic next step in government, where permanent posts are advertised less frequently.
Permanent appointment
Competing successfully for an advertised post — internships rarely convert automatically.
A typical route, not a guarantee — progression depends on vacancies, funding and your own performance.
Watch out for this
Government internships are usually once-only: having completed one, you may be ineligible for another. Check the advert's exclusion clause before applying if you have interned before.
About the General / Other sector
This is an entry-level opportunity. Browse SetaJobs by sector and province to find more roles that match your qualifications.
