Career Opportunities at African Management Services Company (AMSCO)

The job holder will be responsible for managing all custodial operational activities of the unit efficiently and on time. The role will also be responsible for revenue and business development

KEY RESPONSIBILITIES:

Planning

• Continually monitor custodial services client relationships to ensure that clients are satisfied with BOA service/partnership.
• Identify other potential Institutions, Pension Fund owners, Industry service providers, Insurance companies and existing clients with whom we can partner/do business and who can benefit from our mix of products and services.  
• Prepare a calling program for the targeted Institutions/Individuals.
• Continually monitor operational processes to ensure they are in tandem with client needs.
• Continually monitor operations to ensure there is effectiveness and efficiency in client transactions.

Marketing

• Ensure an effective call program to new and assigned clients is maintained and executed, assessing possible needs of the targeted clients/Institutions and identify other cross selling opportunities.
• Identify and develop new business proposals efficiently and expeditiously to ensure that potential new business opportunities are not lost to competitors.
• Keep constantly in touch with Institutions, Pension Fund owners, Industry service providers, Insurance companies and existing clients ensuring that they are fully kept abreast of positive developments within the Bank thus increasing Bank visibility among these key Institutions and clients.

Customer Care / Portfolio Management

• Effectively manage relationships with the various clients and key internal and external stakeholders.
• Initiate and monitor custodial services customer contact at all levels and functions, ensuring that customers enjoy the highest standards of service.
• Monitor relationships on a day to day basis to ensure good customer service on the maintenance of SLA.

Risk & Control

• Ensure efficiency in all operations of the department.
• Manage and mitigate risks associated with Custodial Services
• Ensure efficiency in all operations of the department.
• Ensure compliance with internal controls and procedures and external requirements by regulators.
• Manage and mitigate risks associated with Custodial Services.
• Ensure eradication of operational losses/claims.
• Ensure satisfactory Audit and Risk assessment ratings.
• Ensure all revenue is collected timely and leakage eradicated through accurate and complete settlements to capture total AUC.

Competencies, Education and Experience:

• A degree in a business related field i.e. Bachelor of Commerce, Business Administration, Economics or Banking/Finance OR its equivalent.
• Training in custodial Services
• Previous experience in a successful bank with at least 5 years’ experience in custodial services
• Operations & relationship management.
• A good appreciation of risk and controls
• High level of accuracy and attention to detail
• Excellent time management skills
• Problem solving skills
• Good planning and organization skills
• Innovative and Proactive
• Selling/negotiation skills
• Good Interpersonal/ networking skills
• Good communication and presentation skills
• Articulate & Decisive
• Initiative/ self-motivated
• High Integrity
• Team player

The job holder will be responsible for monitoring, controlling and analyzing treasury activities in order to ensure efficiency and proper risk management.

Key Responsibilities: 

Control of limits

Maintaining and controlling trading limits in the various systems (dealer limits, end of day positions, intraday FX positions, stop loss limits, counterparty limits and broker limits).

Ensuring annual review of limits.

Reporting

Reporting on expired limits, daily risk exposures and limit excesses, utilization of limits and counterparty lines.

Revaluation data & deal control

Initial verification of trade details; Risk modelling and calculation of the counterparty risks.

Daily verification of End of Day rates as well as End of month Security (T/bonds & T/bills) and FX revaluation.

Updating of MTM sources that are reflective of market rates and prices.

Daily follow up of customer instructions related to FX trading.

Reconciliations

Performing an ageing analysis of Suspense and Sundry items and accounts

Reconciliation of FX position accounts.

Daily reporting on the CBK and Nostro closing balance to ascertain efficient placement of funds

Monitoring of Front Office P&L.

Conducting brokerage reconciliation to ensure correct fees are paid out and correct compensation interests paid or received

Product development

Support Front Office on product program development and budget preparation

Audit and financial control

Ensure that any audit issues highlighted in treasury front and back office are closed and not repeated in the next audit.

Competencies, Education and Experience

• Bachelor’s degree holder in either Business, Mathematics Statistics or Economics
• Certified Public accountant ACCA, CPA (K) is an added advantage
• ACI qualification and GARP/KESDEE certification are an added advantage.
• 3 years’ experience in a bank with at least 2years experience in middle office/finance role.
• Advanced technical skills in finance and risk analysis, in particular, risk quantification and portfolio management;
• Middle Office /Back Office experience would be useful;
• Must possess good understanding of market risk concepts and application,
• Ability to assess risk and appropriate levels of return,
• Good knowledge of Treasury products and support systems,
• Must possess good verbal and written communication skills.