Manager of Custody Services

POSITION DESCRIPTION: Main Duties and Responsibilities: Develop business relationships and dealings with Clients for Securities services (Debt and Equity) Manage relationship with clients, stakeholders and regulators to ensure enhanced customer services, maximum co-operations and safeguard interest of the Bank Ensure client trades, cash transactions and Corporate Actions are executed in accordance with the Clients instructions within agreed deadlines. Ensure clients' queries and reconciliations are turned around quickly. Prepare and review the Bank's Custody Services Manuals, Policies and Procedures to ensure the processes are up-to-date and aligned with risk management best practices, and conform to the regulations of Capital Market Securities Authority (CMSA, Dar es Salaam Stock Exchange (DSE) and Social Security RegUlatory Authorith (SSRA). Review client account opening processes by undertaking all precautions and measures to ensure compliance with Anti Money Laundering policy of the Bank and regulatory requirements Review Client applications for investments in stocks by conducting KYC to ensure compliance with Bank Procedures and regulatory requirements _ . Review client transactions with brokers to ensure timely delivery, clearing and settlement of clients order Review, develop, monitor and control client cash, and assets to ensure proper matching of accounts records and assets created in the custody system to avoid fraud and misappropriation of client assets/rights Review client service fees in line with the market to ensure that the bank remain competitive in offering of custody services Manage the performance of subordinate staff and develop and implement training and development plans to ensure their performance is aligned with business goals and objectives. Review, develop, monitor and control the budget for the unit and monitor the budget of the department to ensure budgets are aligned with the business plan and expenses are controlled within agreed limits. Review all unit reports and related processes and procedures to ensure sound quality control and recommend appropriate interventions in line with policy. Provide IPO and Share registration services to clients

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