Custody Analyst

Absa Headquarters (ke)mid

OtherAnalyst

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Quick Summary

Overview

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise,

Technical Tools

OtherAnalyst

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

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.

Responsibilities

~1 min read

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 a 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 product family reviews
Criticality Process assessments
Controls testing
Regulatory reporting to CBK, CMA, RBA

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

Monthly fees accrual and reconciliation
Invoices generation
Custody fees collection
Reconciliation of custody fee GLs

Requirements

~1 min read

A Business-related degree professional qualification
Basic I.T & Accounting Qualification
CMA Securities Industry Certification (CISI).
CPA OR CFA

Minimum of at least 4-years’ experience in Custodial Services/Securities Services operations
Ability to analyse and/or interpret financial statements, and advice 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.

Education