Manager, Custody Operations at Ecobank Nigeria

Job Title: Manager, Custody Operations
Job ID: 1186
Location: Victoria Island, Lagos
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About the Company

Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS).

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 ethic and be a self-motivated professional.

Key Responsibilities

The core areas of focus will include, but not be limited to:

Supervise the matching of trade instructions 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.