Manager Custody Operations – Favorite Hr Services

Job Description
On behalf of our client; Favorite HR Services is looking forward to recruit a

candidate with the following qualifications;

1. JOB TITLE AND DOMICILE
Job Title Manager, Custody Operations
Reports to (Title of Line Manager) Head of Operations
Function/Division Operations
Matrix Manager Director Corporate Banking
Job Level Manager MLC

2. JOB PURPOSE
 To provide top-tier execution of trades and Central Depository System (CDS) account
management services to existing Corporate and Retail customers of the bank and
overseas customers.
 To provide exceptional customer satisfaction to custody clients
 To support sales team in pitching for new custody customers

3. KEY RESPONSIBILITIES:
i. Ensure timely revenue collection of all trades
ii. Provide quality service and efficiency
iii. Maintain a close liaison with Branches and customers to ensure that local, regional and
international customers’ expectations are understood and accomplished
iv. Manage relationships with investment managers, fund managers, stockbrokers, CMSA
and DSE
v. Ensure accurate and timely execution of custodial transactions
vi. Manage reconciliation meetings with investment managers and fund managers and close
any variances for all accounts
vii. Ensure Corporate actions diary is updated daily and manage corporate actions for all
customers
viii. Support on boarding of new businesses
ix. Manage risk through monitoring and complying with internal operational procedures and
staying abreast with market risk trends
x. Ensure that annual audited and quarterly unaudited accounts are filed by custody
customers in compliance with requirement in order to maintain the settlement limits
xi. Responsible for maintenance of the lodgment registers and safe custody all documents
of title from clients investments
xii. Review SLAs with internal customers and external counterparties

4. DAILY RESPONSIBILITIES:
 Processing in the system all custody transactions and related fund transfers
 Process custody related (equity / securities) purchase and sale orders for trading by the
brokers
 Approve instructions relating to CDS account opening
 Manage CDS settlement limits & maintain custody settlement account at zero balance
daily
 Maintain good relationship with customers, investment managers and other service
providers
 Ensure preparation, validation and timely dispatch of customer’s daily, weekly, monthly,
quarterly holding reports
 Update corporate actions diary

OTHER DUTIES
 Review of key risks on custody operations/transactions and provide update in Risk
Register
 Attend/initiate reconciliation meetings with investment managers for all customers.
 Attend to IT systems issues on implementation of pending modules and alerting on
system gaps

I. Application Instructions:
Qualified and interested applicants should submit their CV in Word-formatted document to
fhs@favoritegroup.net with the subject “Custody Operations Manager.”The final deadline for
application is November 10, 2017.
Please identify the position for which you are applying in the subject line. Only applicants
meeting minimum qualifications will be considered or contacted. No phone calls please.

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