Banking Officer (Custodial Services) at AMSCO (African Management Services Company)

Job description

This role is fully responsible for processing and settlement of client and fund managers’ instructions, and acts as a vault custodian for custodial securities. The position holder will interact often with other units of the Bank, such as Institutional banking, and Treasury.

• Authorising processing of client’s and fund manager’s instructions in line with documented custodial services procedures, SLAs and custody agreements.
• Signature verification of the outgoing instructions and letters
• Authorises instructions on the custody system after trades are matched and loaded by custodial officers
• Supervises and controls all aspects relating to matching and settlement.
• Processes deposit placements and maturities as per client and fund managers’ instructions.
• Processes tender documents for government securities.
• Processes corporate action announcements and entitlements
• Responsible for income collection on corporate actions and maturities
• Responsible as a custodian for the vault/safe to ensure efficient management of the vault.
• Consistently identifies areas of risk and ensures controls are in place to eliminate / minimise risk and losses. Must take responsibility for the risk management framework and ensure that this is updated regularly by implementing appropriate controls.
• Be responsible for own development, by keeping up to date with developments in the custodial and banking fields.

Education and Professional Qualifications

• Professional Qualifications
• Bachelor's Degree in Accounting, Finance, Economics or Business Administration from a recognized University.
• Accounting professional qualifications such as CPA or ACCA an added advantage.
• CIA, CISA, CFE an added advantage.

Competencies and Experience

Minimum 3 years’ banking experience with a good understanding of Bank policies, procedures and external regulations. ï‚· Knowledge and Experience in branch operations in a Bank.