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
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