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    Officer, Asset Servicing - Nairobi, Kenya - Standard Bank Group

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    Full time
    Description

    ABOUT THE COMPANY

    Standard Bank Group is a financial institution that offers banking and financial services to individuals, businesses, institutions and corporations in Africa and abroad.

    JOB SUMMARY

    Job Purpose Responsible for actual accurate settlements of all securities (Equities, Fixed Income & Money Market trades) while ensuring that all trade settlements are settled in convention with the market rules and directives and proceduresResponsible for identifying and processing corporate actions and proxies on behalf of custody clients.Responsible for the overall functions of Reconciliation, Portfolio Valuations, Reporting and Billing in convention with the market rules, client directives and proceduresResponsible for securities and CSD account opening and maintenanceQualificationsMinimum QualificationsType of Qualification: First DegreeField of Study: Business Related Other qualifications, certifications or professional membershipsUnderstanding of Custodial and investor services.Knowledge of the Securities Market and related entities viz., NSE, Central Depository, Transfer Secretaries, etcBanking operations experience.Experience RequiredSettlementsOperations1-2 yearsBasic knowledge gained in a bank or securities environment. General payments / settlements experience advantageous. Basic knowledge of operating systems (basic SWIFT) and basic Financial Markets knowledge.Additional InformationBehavioral Competencies:Articulating InformationChecking DetailsDocumenting FactsEmbracing ChangeExamining InformationGenerating IdeasInteracting with PeopleManaging TasksMeeting TimescalesProducing OutputTeam WorkingUpholding StandardsTechnical Competencies:Client ServicingContinuous ImprovementManual Deal or Trade ProcessingProduct and Services KnowledgeQuery ResolutionSettlement ProcessSettlement Systems

    RESPONSIBILITIES

    Efficient and Effective Delivery in business unitUnderstanding the overall Bank Strategy and how Investor Services Operations fits into the Bank's strategy.Ensure that we meet clients' requirements, as stipulated in their 'Service Level agreements', by maintaining flexibility where necessary, but also taking risks into consideration, at all times.Set clearly defined standards based on KRA's, in conjunction with line Team Leader and continuously monitor, control, and update procedure manuals, Job Descriptions, process flows and Risk Framework.Keep abreast of best practices (locally and internationally) and make appropriate recommendations within the production areaCollaborates with other areas to ensure that best practices and a standard approach is followed.Getting the basics right always.Providing timely response to all the queries received in order to help meet client expectations. Optimise the risk profile in the business unitsLimit potential losses to the bank by ensuring that laid-down processes and procedures are adhered to;Reconciling all suspense and operational accounts under the assigned units at required frequencies and that reconciling items are dealt timely and correctly;Recovery of revenues in a timely manner for the services rendered.Provide relevant, accurate and timely reporting to the management, governance committees and the regulator as and when required.Participate in the periodic review of the Service Level Agreement between business units, Stanbic Bank Custody, Client and related Service providers to ensure that it portrays desired service realities.Highlight and discuss errors with Team Leader / Manager and identify problems i.e. lack controls and/or controls not performed.Ensure compliance with implemented controls and procedures.Eradicate operational losses/claims by complying with procedures to avoid / reduce penalties/ losses or claims to the bankProcess the transactions as per the approved procedures to avoid audit findings or operational risks relating the assigned area.Change Management and Continuous ImprovementSupport business process re-engineering to ensure that processes are lean, efficient and effective through the elimination of non-value adding activities and identification of opportunities that support/drive the migration of transactions to economically viable alternative electronic delivery channels.Aid in identifying high impact projects/programs/initiatives within the line of business with a view to continuous improvement. Compliance ManagementEnsure that service standards provided for in the Banking Sector Charter are adhered to.Adoption within assigned portfolio of all Compliance, Anti-Money Laundering and Sanctions related requirements contained in policies, procedures and processes. This includes identifying any material compliance related breaches and escalating them to line management and the Compliance Office.Personal Development Meet Overall performance in line with individual and departmental KRA'sIdentify and drive self-development needs, plans and arrange to attend training. Apply and share knowledgeAttend and participate in appraisal discussions. Initiate performance discussions on a regular basis and provide continuous feedback to the Team Leader.Take on additional Responsibility by making use of every opportunity to gain exposure/visibility.Cross-skill within Custody operations to enhance ability to handle multiple tasks / back up rolesStrive to reach full potential, this will ensure job satisfaction. Take on additional Responsibility by making use of every opportunity to gain exposure/visibility.Stakeholder EngagementBuilds and maintain credible and value adding relationships with both internal and external stakeholders.

    REQUIRED SKILLS

    Compliance, Change management, Collaboration

    REQUIRED EDUCATION

    Bachelor's degree



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