CRDB Bank PLC is urgently looking for suitable person to fill a vacant position of Manager of Custody Services in the Department of Treasury at the Head Office, in Dar es salaam
The job purpose of this level will be to provide Custodial services to the local and off-shore Asset Owners and Managers; typically
Pension Funds, Investment Managers, Insurance companies, Banks, Mutual Funds, Charities and Endowments
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
The ideal candidate will be candidate with Bachelors degree in business or related discipline from any recognized University.
Masters degree in Economics / Msc – Finance, Chartered Financial Analyst (CFA) will be an added advantage. 7 years experience (minimum) in Capital Markets.
The ideal candidate must have proficiency knowledge in the following:
Extensive experience in the Securities industry (Debt and Equities)
Ability to manage Large client relationships
Proven Industry contacts and involvement
Build and foster relationships with key global and local client base and business partners
Ability to create strategic plan
Excellent understanding of Capital Markets and the Custody products
Strong analytical, numeric and organizational skills
Thorough knowledge of all Risk related to Banking, with understanding of Regional and International Business dynamics and market analysis.
Excellent verbal and written communications skills.
The ideal candidate must demonstrate the following skills:
Strong management skills
Organizational and administrative skills
Superior interpersonal communication and extremely strong presentation skills.
Analytical and problem solving skills.
Decision making skills
The candidate must also demonstrate the following personal attributes:
Strong commitment to diversify and educational equity.
Operate with integrity, confidence and humility.
Self reflective, ambitious and eager to learn.
Demonstrate sound work ethics.
Attractive remuneration package commensurate with the responsibilities of the position will be provided.
Interested candidates who meet the above criteria should submit an Application Letter accompanied with copies of academic transcript, certificates and with a detailed up to date CV with two work related referees addressed to the Director of Human
Director of Human Resources
CRDB Bank PLc
DAR ES SALAAAM
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