Custody Operations Officer

Be #InGoodHands with Metrobank!

Here at Metrobank, we don't simply hire employees—we hone future leaders. We provide opportunities that enhance your skills and unlock your talents, helping you evolve into a well-rounded individual. We supply you with all the pieces you need to do your best work, unleashing your full potential to help you secure your future and lead a fulfilling career. And with Metrobank's strong heart for the community, you have the chance to give back and make worthwhile contributions to our nation's economic and social development. With Metrobank, a meaningful life is within your reach!

Position Title: Custody Operations Officer

Responsibilities:

• Ensures timely, complete and accurate implementation of all securities transaction of the Trust Banking Group (TBG) and ensures that they are adequately supported by the necessary documents.
• Ensures for the proper safekeeping of securities in the depository and movements are accounted for.

Settlement:

• Upload/encode and validate transactions for the day
• Ensure required documents are submitted prior to settlement
• Pre-match trades with counterparty/dealer
• Settle trades with the depository
• Process trades in the Custody and Registry System (CRS)
• Collection of trust fees and charges on coupon/interest/maturity

Corporate Action:

• Checks in the depository CA events for the day
• For involuntary CA (1) record date -notify dealer (2) check and reconcile records on ex -date (3) and confirm remittances on payment date
• Upon sight of funds, remit the proceeds of the CA (e.g. interest, coupon, maturity) to the dealer’s settlement account (Note: Dealer to further credit account of individual clients)
• For voluntary CA – notify dealers of the said event and required action and deadline. Upon receipt of instruction from dealer/client
• Process in depository
• Upon confirmation of depository, process in the CRS to reflect in the individual

Qualifications:

• Graduate of Bachelor’s degree or equivalent
• With at least 3-5 years of relevant experience in banking and financial industry, specifically in Treasury or Trust, and a background in custody operations
• With good understanding of banking operations and governing laws and regulations
• Well-organized, detail-oriented, ability to multi-task with great follow-up skills
• Amenable to work in a fast-paced, competitive environment
• Willing to work in BGC

Other Details

Location: Metrobank Center, BGC, Taguig