Custody Analyst

Job Summary

Reporting to the Head Operations & Service, the role holder will provide exemplary and effective service through timely processing of all instructions to custodial clients while ensuring compliance with all regulatory standards.

Key Responsibilities and Accountabilities

Operations & Internal Business Processes – 50%

• Instructions management
• Corporate actions processing and management
• Instruction execution including call backs and signature verifications
• Processing of Money Market investments instructions as per SLA’s while prioritizing those earmarked to fund other settlements and primaries
• Processing of all withdrawals/benefit payments while ensuring end to end processing of customer instructions
• Processing of fixed income investments in the primary and secondary market as per SLAs
• Processing equities investment instructions as per SLAs
• Client queries resolution in line with target TAT
• Account opening – Cash accounts, Safekeeping and Depository accounts
• Asset transfers – FOP

Risk and Compliance – 20%

• Risk and product family reviews
• Criticality Process assessments
• Controls testing
• Regulatory reporting to CBK, CMA, RBA

Reconciliation – 20%

• Daily reconciliation of the custodial nominee accounts against CASA accounts to ensure accuracy and resolve any discrepancies
• Daily reconciliation of processing GLs
• Asset reconciliations with depositories, clients and fund managers
• Cash and income reconciliation for coupons and dividends
• Monthly GL reconciliation
• Deposits reconciliation

Income Management – 10%

• Monthly fees accrual and reconciliation
• Invoices generation
• Custody fees collection
• Reconciliation of custody fee GLs

Knowledge & Expertise

Qualifications

• A Business-related degree professional qualification
• Basic I.T & Accounting Qualification
• CMA Securities Industry Certification (CISI)
• CPA OR CFA

Experience

• Minimum of at least 4 years’ experience in Custodial Services/Securities Services operations
• Ability to analyse and/or interpret financial statements, and advise accordingly
• Keen to details and able to interpret fund managers investment instructions and apply them appropriately
• Computer literate with proficiency in computerized applicable systems
• Candid knowledge of the financial sector and investment opportunities