Manager, Custody Operations at Ecobank Nigeria

Job ID: 1186

Job Purpose

• To supervise the settlement of all money market and capital market trades
• To ensure the accuracy of records of all assets under safekeeping
• To ensure all corporate action events are effectively processed by ensuring all income and entitlements on client’s assets are collected within agreed timelines, policies and regulatory guidelines
• To supervise all custody operations staff
• To ensure that regulatory reports are rendered within stipulated time frame
• To ensure compliance with all regulatory requirements.

Job Context

• This role reports directly to the Head, Global Custody.  He/she should have a minimum of 7 years of relevant experience, a substantial number of which should have been in a similar role. Must be self-driven with a strong work ethics and be a self-motivated professional.

Key Responsibilities
The core areas of focus will include but not limited to:

• Supervise the matching of trade instruction with counterparties’ advice, to ensure promptness and accuracy of settlements
• Supervise the processing of corporate actions events and ensure all customer requests and complaints are managed in an excellent/professional manner within agreed terms, policies, and regulatory guidelines
• Maintain an accurate database of all clients and counterparties, keeping it updated from time to time
• Manage the process of issuance of CCI and the repatriation of funds 
• Supervise the operations team which include the Settlements, Corporate Actions and Reconciliation sub-teams
• Provide technical leadership and support to staff through enhancing capabilities and coaching
• Escalate issues to the Head of Global Custody
• Ensure compliance with all regulatory rules and policies and render stipulated reports promptly and accurately to regulators.
• Liaise with financial market infrastructures relevant to the asset safekeeping and administration process.
• Represent the Custodian Bank at operations committees within the market.

Knowledge, Skills and Experience
Experience & Qualifications

• Bachelor’s degree
• 6 – 8 years banking experience in custody operations or treasury operations
• SEC Sponsored individual will be an added advantage

Skills, Capabilities & Direct attributes

• Prior knowledge of custody operations 
• Good understanding of the financial markets
• Good understanding of the various investment instruments (Bonds, Equities, Treasury bills, etc.), and their attributes
• Knowledge of CBN monetary policies & guidelines
• Conversant with the SEC Rules and ISA Act 2007
• Numeracy
• IT skills (Relevant software and PC skills)
• Integrity
• Communication
• Keen attention to detail
• Documents/Records Management
• Interpersonal relations
• Initiative
• Continuous learning mindset.