Securities Services Officer


Private Banking

The Private Banking Department is currently looking for a Securities Services Officer

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Job Purpose
Manage day-to-day operation of the Unit and responsible for delivery of service standards, trade settlement, corporate action management, custody billing among others.

Key Responsibilities:
  • Process and reconcile all trade instructions received from clients within processing cut-off & market deadlines.
  • Perform pre-processing checks for all trade instructions in line with established controls.
  • Monitor all trade allegements on CDS and ensure client confirmation/ instruction is received before market confirmation deadline Adhere to all Bank policies and controls and ensure all processes are correctly executed.
  • Reconcile all settled and unsettled trades on a daily basis.
  • To chase counterparty/ clients for all unsettled trade and escalate where required.
  • Liaise with local/Global sub-custodians to clarify/solve any open issue.
  • Setting-up of financial information into the Custody system
  • Client account opening on CDS and custody system.
  • Check eligible investment (ISIN) within the local/Global sub-custodian.
  • Monitor & process corporate action events announcements on Stock Exchange of Mauritius
  • Analyse the corporate action events in order to anticipate any reporting or processing issues.
  • Collect and relay any market update related to the corporate action event on an on-going basis.
  • Ensure that corporate action instructions sent to sub-custodian have been duly acknowledged.
  • Tracking of the corporate action events payment date and notify clients accordingly.
  • Process cash & stock dividend and coupons payment to client’s account upon receipt from local or global sub-custodian
  • Prepare MIS reports, assist departmental initiatives and interfacing with the different teams and the various Global sub-custodians to ensure timely and accurate processing of all activities on a daily basis within the given timelines.
  • Participate in self-assessment, quality reviews and audit and recommend solutions for potential risks and issues.
  • Escalating processing errors and potential risks to line manager upon discovery
  • Where relevant provide detail of exceptions and resolution date to line manager
  • Processing the securities reconciliation with sub-custodian’s client positions ensuring the timely resolution of all Cash and Stock Breaks
  • Participate in Contingency Testing
  • Develop and maintain strong working relationships between the Custody Operations department, clients, and internal stakeholders.
  • Extremely detail oriented, have strong analytical, problem-solving skills with a strong orientation towards client service
  • Accurate and timely processing of all tasks assigned Ensure zero/minimum client complaint.
  • Ensure all client queries are attended to on a priority basis.

Technical & Behavioural skills
  • Knowledge of Central Bank’s guidelines and other relevant local legislations
  • Basic knowledge of Trade Finance.
  • Basic knowledge of KYC principles.
  • Knowledge of offshore banking.
  • Ability to quickly pick up risk of Money Laundering.
  • Basic understanding of various financial market
  • Good communication and listening skills.
  • Fluency in English and French
  • Ability to use Microsoft Office tools (Excel, Word, PowerPoint)

Qualifications & Experience
  • Min HSC with Degree in Banking/ Finance/ Accounting or any related field
  • 1 year experience in a Banking environment with experience in securities services product

How to apply
Should you be interested in the above position, kindly send resume and motivation to: [email protected] by latest 23th of October 2023.

Please ensure all your personal, academic, and professional details are up to date. Any incomplete application will not be considered. Only the best candidates will be called for an interview.

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Management reserves the right not to make any appointment following this advertisement.

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