PURPOSE:
The incumbent will be tasked with providing support in the operations segment of the Custody and Investment Services Unit of I&M Bank. In general, the officer will be required to;
Co-ordinate with all internal and external stakeholders in onboarding investment clients and processing transactions in line with the bank’s policies and procedures.
Process securities settlements and carry out general banking activities in line with the capital markets regulatory requirements.
Perform the day-to-day corporate actions including the timely dissemination of information to internal and external stakeholders.
Perform reconciliation of accounts and accurate reporting of all cash and non-cash securities.
Carry out the billing process and income collection as per the custody and banks tariff.
Support the growth and implementation of the Custody & Investment Services strategy
Any other duties as may be assigned.
KEY RESPONSIBILITIES:
CDS Operations
Client onboarding- Opening of all investment accounts; Innova/Central Depositories (CDSC/ Central Bank of Kenya).
Pre-matching of trade transactions with brokers & the exchange, ensuring a daily reconciliation before market deadlines.
Escalation of any settlement transactions that may cause trade failure.
Ensuring that all client requirement/communication/ queries are responded to or processed within the set TAT.
Immobilisation, private transfer of securities, lien processing and other CDS account operations.
Settlements
Settlement and reconciliation of all securities traded.
Accurate processing of interest payments and maturities on the date of receipt.
Monitoring funds received and ensuring that this are credited to the relevant accounts in a timely manner.
Pro-active management of all client trades from start to end to ensure timely settlement.
Correctness of entries with respect to funding, proceeds and tax liabilities thereof to the Client(s) cash accounts.
Corporate Actions Processing
Information relating to all corporate action announcements are communicated and captured accurately and within set deadlines.
Pro-active monitoring of Corporate Action entitlements and where required follow-up with the shares registrars to ensure receipt of client entitlements on or before due date.
Reconciliation and processing of all cash and securities proceeds in a timely manner.
General Custody and Banking activities
Processing of payment instructions on timely manner.
Income collection of all fees and charges related to the department.
Dispatch of custody reports on time as per the department reporting schedule.
Maintenance of the common folder and custody assets register, ensuring correct records are maintained.
Initiating process improvements to ensure accuracy and efficiency.
Reconciliation
Review of all reconcilable accounts on a daily basis, ensuring timely resolution of outstanding items within the agreed age limit.
Monthly reconciliations of all custody assets.
Proper filing of documents and archival as per the procedure’s manual.
PERSON SPECIFICATIONS
Academic Qualifications
Bachelor’s degree in any discipline from a recognized institution
Professional Qualifications
Part completion of CISI/ACCA/CFA or its equivalent.
Experience
At least three-years investments, banking or other relevant experience
Good working knowledge the capital markets regulatory requirements, operations, and products
Have a good understanding of all settlement related functions
Experience in reconciliations will be an added advantage
Generic Competencies
Technical skills
Ability to communicate
Report writing skills; and
Numeric skills
Skills and Attributes
Excellent communication and interpersonal skills
Good marketing skills
High level of accuracy and attention to detail
Excellent time management skills & proactive in all aspects
Must be able to perform optimally under pressure and with strict deadlines
Ability to learn new systems fast
Resilience and drive
Ability to work with and in a team
Apply via :
imbank.bamboohr.com
