Responsibilities and Accountabilities.
Equity
Settlement
- Process client instructions promptly on receipt.
- Pre-matching of trade transactions ensuring that daily
reconciliation is completed before market deadlines and that negative
affirmations are sent to the exchange/brokers within stipulated deadlines.
- Escalate any transactions that may cause trade failures to the line
manager for resolution
- Ensure that all Client requirement/communication/ queries are
responded to in a timely manner
Money Market Settlement
- Confirming successful bids with the Central Bank of Kenya and
advising Clients
- Timely transfer of funds to the client’s cash account to avoid
failed equity or bond trade settlements and promptly escalating any
pre-funding issues to the respective supervisor.
- Ensuring prompt processing of clients’ term/ call deposit
instructions and dispatching deposit certificates to clients on receipt.
- Ensuring pro-active management of client trades to reduce the
chances of failure of client instructions.
- Ensuring correctness of entries with respect to funding, proceeds
and tax liabilities thereof to the Client(s) cash accounts.
Cooperate
Actions Processing
- Ensuring that information relating to all Corporate Action
announcement is captured accurately complete and timely in Innova and sent
to clients.
- Ensuring that all corporate action events particularly those related
to voluntary / with options, are processed in a timely, complete and
accurate manner and released to clients / depository respectively within
agreed SLA and before market deadlines.
- Monitor for receipt of Corporate Action entitlements and where
required pro-actively follow-up with the companies to ensure receipt of
client entitlements on or before due date.
- Ensuring all cash and securities proceed are reconciled and
processed in timely manner and cash proceeds are credited to client’s
account upon cheques clearance or receipt of RTGS.
Payments
and General Banking Activities
- Processing of payment instruction as per the internal SLA (cheques/
RTGS/ Book transfers)
- Banking of client cheques for clearing and uplifting to clients’
accounts on maturity.
Reconciliation
of accounts /Control and Admin Process/ Billing
- Reviewing all reconcilable accounts on a daily basis and complete
reconciliations ensuring timely resolution of outstanding items within the
agreed age limit.
- Carrying out monthly reconciliations of CBK and CDSC holdings.
- Receive client instructions and carry out call back where required
and distribute the same to the respective departments.
- Account opening process; Innova/Central Depositories (CDSC and CSD
DHOW).
- File and archive documents as per laid down guidelines.
- Reconfirm custody fees billing for each client at the end of every
month and sending invoices to the respective clients
- Pass all accounting entries for all fees received.
- Key end of day processes; Client account reconciliation and sharing
of statements.
Minimum Requirements;
Work Experience, Academic & Professional Qualifications.
- Minimum 4-year banking experience with a good understanding of Bank
policies, procedures, and external regulations.
- Business related Bachelor’s degree from a recognized accredited
University
- Certificate in Chartered Institute for securities and
Investment-CISI.
Competencies
& Attributes.
- Ability to perform set duties with minimal supervision to meet the
set targets and overall objective of The Bank.
- Good coordination skills to handle the various tasks assigned.
- Flexibility and willingness to go beyond the call of duty to achieve
the department`s deliverables.
- Ability to work with speed to meet cut offs with no errors.
- Ability to deconstruct information/critical thinking, to draw
conclusions for problem analysis, resolution and decisions making
- Non-disclosure of any confidential information
- Ability to provide accurate and reliable statements to the clients
and fund managers.
How to Apply
