Manager Custodial Services is accountable for growing custodial
business and to enable clients meet their investment objectives byefficiently executing trades domestically, regionally, and globally.The role holder will be responsible for efficient processing ofpooled funds including pension contributions
Requirements
Education & Training
1. A Business degree in finance, Commerce, Business
Administration, Economics, Statistics, management, or any
relevant field.
2. Possession of a Certified banking qualification in a relevant field
would be an added advantage.
3. Relevant practical training in banking custodial services and/or
Treasury operations.
Skills & Experience
1. A minimum of 3 years’ experience, two of which must have been
in custodial services and/or treasury role.
2. A high degree of accuracy is required
3. This position requires strong professional behaviour, excellent
communication, good attention to detail and willingness to learn.
4. Ability to work under pressure and manage deadlines
5. Ability to implement translate regulatory reporting requirements.
6. Knowledge of custodial services and/or Treasury Operations.
7. Sound knowledge of general banking law and practices including
AML & Financial Crimes practices.
Job Application Procedure
Interested candidates should submit their applications with a recent
CV, copies of all academic transcripts, certificates and testimonials,
daytime telephone contact, postal and email address and three
competent referees not later than Friday, 19th April 2024 by
Chief Human Resources Officer
Please take note that all applications should be sent by email to
DO NOT HAND DELIVER YOUR APPLICATION.
Guidelines for submitting Documents
1. Ensure that all your documents are scanned and submitted in 1
single batch using the following order:
• Academic Documents and Certificates
2. The maximum document size is 10 MB.
3. Please indicate the name of the position you are applying for
in the subject.
1. Process Trade Instructions in a wide range of asset classes such as
Equities, Bonds, Treasury bills, fixed deposit receipts, Forex, etc.
2. Process transfers and keep appropriate records regardless of
whether the securities have been issued in book-entry form or as
certificates.
3. Management of client’s asset portfolio in various asset-classes like
securities through various depositories.
4. Constantly review and ensure adherence to internal controls and
compliance to regulatory risk management teams.
5. 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.
6. Maintain a complete database of all corporate actions in
the market related mainly to a client’s assets using several
informational sources.
7. 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.
8. 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.
9. At the client’s instructions, manage & coordinate all income
proceeds payment collection such as dividend, interest, principal,
and redemption.
10. Inform HFB clients in good time of upcoming interest payment,
distributions and capital repayments relating to fund assets.
11. At the client’s instructions, manage & coordinate tax compliance
and processing for both local and foreign investors.
12. 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.
13. 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.
Financial Responsibility
1. 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.
2. Responsible for avoiding any regulatory penalties relating to
Custodial Services operations.
