Job description
This role is fully responsible for processing and settlement of client and fund managers’ instructions, and acts as a vault custodian for custodial securities. The position holder will interact often with other units of the Bank, such as Institutional banking, and Treasury.
Authorising processing of client’s and fund manager’s instructions in line with documented custodial services procedures, SLAs and custody agreements.
Signature verification of the outgoing instructions and letters
Authorises instructions on the custody system after trades are matched and loaded by custodial officers
Supervises and controls all aspects relating to matching and settlement.
Processes deposit placements and maturities as per client and fund managers’ instructions.
Processes tender documents for government securities.
Processes corporate action announcements and entitlements
Responsible for income collection on corporate actions and maturities
Responsible as a custodian for the vault/safe to ensure efficient management of the vault.
Consistently identifies areas of risk and ensures controls are in place to eliminate / minimise risk and losses. Must take responsibility for the risk management framework and ensure that this is updated regularly by implementing appropriate controls.
Be responsible for own development, by keeping up to date with developments in the custodial and banking fields.
Education and Professional Qualifications
Professional Qualifications
Bachelor’s Degree in Accounting, Finance, Economics or Business Administration from a recognized University.
Accounting professional qualifications such as CPA or ACCA an added advantage.
CIA, CISA, CFE an added advantage.
Competencies and Experience
Minimum 3 years’ banking experience with a good understanding of Bank policies, procedures and external regulations. ï‚· Knowledge and Experience in branch operations in a Bank.
