Summary
Date Posted: Tuesday, January 16 2024, Base Salary: Not Disclosed

JOB DETAILS:
Job Description
Position function
To work hand in hand with the Treasury and Custodial Departments to perform the Treasury Back Office and custodial operations functions for all the products.

Key responsibilities
1. Carry out deal validation and settlement following deal payment procedures.
2. Perform the back office function of Treasury Bills, Bonds and other securities including reconciliation.
3. Receive offshore bank statements on a daily basis and forward balances to DTC and Treasury Department.
4. Follow up and resolve outstanding Nostro and BOU items.
5. Submit to supervisor monthly reconciliations for Treasury Bills, Money Markets, Bonds and any other securities that may be held in the Treasury Back Office.
6. Monitor counter party and dealer limits and ensure that there are no breaches.
7. Carry out routine reconciliation and update of static data for both Quantum and INNOVA systems
8. Confirm and process all custody payments/instructions as received from authorized parties.
9. Support clients’ Central Securities Depository (CSD) account opening prior to performing all the necessary KYC verifications.
10. Verify and process bank/customer securities (Government T-Bills & Bonds) instructions in CSD and the bank’s core banking system.
11. Match outgoing against incoming deal confirmations and raise discrepancies with counterparties.
12. Support the business function in custodial reporting
13. Ensure that both outgoing and incoming payments in respect of deals are settled on time
14. Claim interest from counter parties who delay to make good their obligations
15. Reconcile and update Forex rates in IGOR
16. Perform end of day reconciliations to ensure all the day’s transactions are correctly reflected in the core banking system.
17. Manage and resolve customer queries and complaints (both under Treasury and Custodial services)
18. Call waste
19. Perform any other duties that may be assigned from time to time by management.

Skills, knowledge and experience
• University degree in finance, business, commerce or economics
• 2 years’ banking experience
• ACI qualification or a postgraduate qualification in finance, banking or marketing or any related field is an added advantage.

Required Competencies
• Planning, coordination and follow up skills
• Good business acumen and financial skills
• Customer centricity
• Attention to details
• Solid operational acumen
• Good verbal and written communication skills
• Team player with strong interpersonal skills and the ability to build internal and external networks
• Ability to work under pressure, and exercise excellent judgment


Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure
Interested and qualified Click here to apply

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