Operations Officer -AAML at Absa Bank Limited

Job Purpose:

The role holder is responsible for carrying out Operations, reconciliations and reporting for the Absa Asset Management business and ensuring all fund transactions are accurately captured, correctly priced and reconciled as per the investment policies and guidelines.

Key Accountabilities

Business Operations Processes

• Capturing of all client onboarding data and KYC items in the investment management system.
• Capturing of all front office investment transaction in the investment management system.
• Liaise with custodians, banks, stockbrokers, and security issuers in processing of instructions relating to purchase or sale of investments, inflow of new client funds from new contributions, interest income, dividends and outflow of funds to various stakeholders.
• Conducting client account reconciliations with custodians and the finance function.
• Production of accurate timely and complete reports for consumption by the investment team, clients, regulators and management.
• Ensure safe custody of client KYC documents in accordance with the bank’s information guidelines and regulations.
• Provide updates on the performance of client investment portfolios whenever required.
• Provide the necessary liaison and point of contact between the providers of the investment management system, the IT department and management.
• Any other duties allocated by the unit head from time to time.

Stakeholder Management

• Build strong relationships with both global and local internal and external stakeholders.
• Effectively communicate developments within areas of activity to all relevant stakeholders.
• Ensure impeccable and timeous service levels.

Rigour Compliance

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Absa Policies and Policy Standards. Understand and manage risks and risk events (incidents) relevant to the role.
• Ensure compliance/adherence to CMA regulations on investments management.
• Drive and own requirements for individual certification with relevant authorities.
• Ensure compliance with operations risk and rigor requirements e.g. KYC and anti-money laundering measures.

Other Duties

• Data steward
• Internal coordination champion 

Skills and experience required:

• A first degree in relevant subject which may include finance, commerce etc.
• A minimum three (3) years’ experience in Investment Operations or other relevant area.
• CISI and/or other relevant professional qualifications in fund management operations will be an added advantage
• Knowledge of the Kenya financial services industry, Capital Markets Authority (CMA) & Regulatory Benefits Authority (RBA) Guidelines.

Knowledge, Expertise & Experience

• Experience in use of Investment Management Systems.
• Knowledge of good practice in operations and related activities including risk and governance frameworks.
• Adaptability to change, proactive and responsive to challenges in a changing environment.
• Enthusiastic, pragmatic, and energetic hands-on individual with an entrepreneurial spirit and a bias towards action and resolving issues quickly
• Good communication and interpersonal skills, with the ability to build relationships, influence, motivate and encourage consensus amongst peers, managers, and partners at all levels and of different cultures and capacities,

Closing: 17 June 2022