Custody Operations Officer
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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