Manager Custodial Services

Manager Custodial Services is accountable for growing custodial business and to enable clients meet their investment objectives by efficiently executing trades domestically, regionally, and globally. The role holder will be responsible for efficient processing of pooled funds including pension contributions.

• A Business degree in finance, Commerce, Business Administration, Economics, Statistics, management, or any relevant field.

• Possession of a Certified banking qualification in a relevant field would be an added advantage.

• Relevant practical training in banking custodial services and/or Treasury operations.

• A minimum of 3 years’ experience, two of which must have been in custodial services and/or treasury role.

• A high degree of accuracy is required

• This position requires strong professional behaviour, excellent communication, good attention to detail and willingness to learn.

• Ability to work under pressure and manage deadlines

• Ability to implement translate regulatory reporting requirements.

• Knowledge of custodial services and/or Treasury Operations.

• Sound knowledge of general banking law and practices including AML & Financial Crimes practices.

Manager Custodial Services is accountable for growing custodial business and to enable clients meet their investment objectives by efficiently executing trades domestically, regionally, and globally. The role holder will be responsible for efficient processing of pooled funds including pension contributions.

• A Business degree in finance, Commerce, Business Administration, Economics, Statistics, management, or any relevant field.

• Possession of a Certified banking qualification in a relevant field would be an added advantage.

• Relevant practical training in banking custodial services and/or Treasury operations.

• A minimum of 3 years’ experience, two of which must have been in custodial services and/or treasury role.

• A high degree of accuracy is required

• This position requires strong professional behaviour, excellent communication, good attention to detail and willingness to learn.

• Ability to work under pressure and manage deadlines

• Ability to implement translate regulatory reporting requirements.

• Knowledge of custodial services and/or Treasury Operations.

• Sound knowledge of general banking law and practices including AML & Financial Crimes practices.

• Process Trade Instructions in a wide range of asset classes such as Equities, Bonds, Treasury bills, fixed deposit receipts, Forex, etc.

• Process transfers and keep appropriate records regardless of whether the securities have been issued in book-entry form or as certificates.

• Management of client’s asset portfolio in various asset-classes like securities through various depositories.

• Constantly review and ensure adherence to internal controls and compliance to regulatory risk management teams.

• Manage and coordinate all services related to securities in custody such as dividend/interest proceeds collection and related tax treatment, redemptions, splits, subscriptions, conversions, AGM announcements, and proxy voting besides many others.

• Maintain a complete database of all corporate actions in the market related mainly to a client’s assets using several informational sources.

• At the client’s instructions, manage & coordinate proxy voting in companies where HFB clients hold stocks, and to act in accordance with the principles of good corporate governance.

• At the client’s instructions, coordinate HFB’s representatives to attend the General Meeting and cast votes on behalf of the client according to their instructions either on a case-by-case basis or on a standing instruction basis.

• At the client’s instructions, manage & coordinate all income proceeds payment collection such as dividend, interest, principal, and redemption.

• Inform HFB clients in good time of upcoming interest payment, distributions and capital repayments relating to fund assets.

• At the client’s instructions, manage & coordinate tax compliance and processing for both local and foreign investors.

• Process tax withholding and reclaims and provides clients with comprehensive information on all applicable tax laws and regulations, double taxation treatment, and tax documentation and reported any amendments as soon as available.

• At the client’s instructions, manage & coordinate cash management services for both local and foreign-based investors including reconciliation, transactions in the Foreign Exchange Marketplace, Spot and Forward transactions execution etc. 14. Carry out any other duties as may be duly assigned.

• Responsible for delivering the custodial services business & financial targets as will be agreed using different parameters esp. on product mix, customer numbers, Balance sheet and revenue growth.

• Responsible for avoiding any regulatory penalties relating to Custodial Services operations.