Posted:Dec 3
By:Hiring Kenya
Company Details
Industry:
Banking
Description:
I&M Bank is a wholly owned subsidiary of I&M Holdings Limited, a publicly quoted company at the Nairobi Securities Exchange (NSE). The bank possesses a rich heritage in banking. Started in 1974, it evolved from a community financial institution to a publicly listed major regional commercial bank offering a full range of corporate and retail banking services, 35 branches in Kenya and international operations in 3 other countries. I&M Bank is a dominant player in the Kenyan market that has been consistently growing, and is innovative in terms of the type and range of products and services it offers. CDC Group plc, a development finance institution wholly owned by the government of the United Kingdom owns approximately 10.68% of I&M Holdings, the holding company of I&M Bank Ltd. In addition, I&M Bank has a technical support agreement with International Finance Corporation for staff training, product development and risk management. I&M Bank also enjoys medium term foreign currency credit facilities from European Development Financial Institutions - Proparco, DEG and FMO. I&M Bank’s international correspondent banks include major multinational banks such as Bank One Ltd, Citibank NA, CommerzBank AG, Deutsche Bank AG, ICICI Limited Mumbai, Mashreq Bank PLC, Standard Bank of South Africa and Standard Chartered Bank NY. I&M Bank’s international network includes Bank One Limited (Mauritius), I&M Bank Tanzania Limited and I&M Bank Rwanda Specialties Banking Services, Commercial Banking, Asset Finance, Mobile Banking, Internet Banking, Investment Management Services, Diaspora Banking, Credit / Debit / Prepaid cards, Wealth Management
Job Description
PURPOSE:
- The Job holder will assist Manager – Wealth Management Operations in managing the day to day processing of transactions, account opening documentation checks and review and administrative responsibilities as assigned from time to time.
KEY RESPONSIBILITIES:
- Unit trust operations including; client account opening, client purchases and withdrawals.
- Offshore securities processing and update of transaction on I&M Capital’s transaction processing system.
- Management and archiving of client agreements and other documents
- Ensure unit trust statements and client reports are generated and delivered to clients within agreed frequency and in a timely manner.
- Management of client queries/ enquires and complaints with the assistance.
- Management of invoices and/ or income collection within stipulated timelines and credited to respective income accounts.
- Carry out daily bank account reconciliations and clearance of outstanding items within stipulated timelines.
- Ensure all system upgrades are managed in accordance with policy; all upgrades are tested and documented.
- Ensure compliance with risk management policies and procedures while processing transactions.
BASIC QUALIFICATIONS:
- A bachelor’s degree in any business related field
- At least three years’ Banking experience
- Good knowledge of KYC requirements and policies
- High level of accuracy and attention to detail
- Excellent time management skills & proactive in all aspects
- Good team management skills
- Must be able to perform optimally under pressure and with strict deadlines
- Ability to learn new systems fast
- Resilience and drive
- Experience in reconciliations will be an added advantage
SKILLS AND ATTRIBUTES:
- Excellent written and verbal communication skills
- Outstanding interpersonal skills and ability to work across functions
- Initiative - must be a self-starter, able to work independently with drive and motivation.
- High level of accuracy and attention to detail.
Deadline: 6th December 2024.
Education: Degree, Diploma
Employment Type: Full Time
