Our client, a reputable banking institution based in Malta, is seeking a dedicated Securities / Custody Officer to join their team. The Securities Officer will be responsible for the handling of corporate actions of a wide range of securities which the Bank provides Custody safekeeping services for. The candidate will also be responsible for the upkeep of the Bank’s master database [if and as required] in line with the Bank’s procedures as well as the effective maintenance of the day-to-day asset servicing requirements. Moreover, the candidate will be required to be proactive in identifying means of improving the team’s operational efficiency and workflow whilst also coordinating and monitoring the team’s routine and ad-hoc tasks. Furthermore, the Securities Officer will be responsible for the daily booking of trade settlements instructions on the Bank’s core banking system. The job will entail the effective maintenance of the day-to-day settlements team’s requirements, including but not solely restricted to cash and trade reconciliations, instructing trade settlement instructions with various settlement counterparties, security setups, and general settlements-related administrative duties within the Securities & Custody Department. The candidate will work closely with the team so as to provide timely and critical administrative support. The job will also entail being the focal link between the team and the Bank’s Securities Operations and Finance/Treasury department in relation to the cash reconciliations of daily trade as well as the daily funding requirements necessary for settlement instructions.
DUTIES AND RESPONSIBILITIES
Settlements
-
Effecting the necessary trade bookings on customer portfolio accounts (including foreign exchange transactions);
-
Daily reconciliations of cash balances;
-
Reconcile operating/suspense account differences;
Asset Servicing
-
Reconciliation of corporate action payments;
-
Assisting in the daily corporate action notification process through data received from various counterparties and necessary record keeping in line with the policy and procedures of the Bank;
-
Analysing and interpreting of Corporate Action events and ensuring that instructions are adequately and timely captured with the Bank’s Sub-Custodians;
-
Effective communication with counterparties relating to the processing of corporate actions;
-
Resolving external and internal queries relating to corporate actions;
Overall
-
Assist the Securities Operations team in the securities reconciliations between bank’s core banking system and external custodians and timely resolution of reconciliation breaks [if and as required];
-
Assist the Securities Operations team in the setting up of securities in the Bank’s master database and effecting necessary updates [if and as required];
-
Attend monthly department meetings;
-
General administration tasks;
-
Ongoing initiative to identify processes which ensure more effective modus operandi of the Securities department;
-
Keep abreast of all banking rules, regulations and directives issued by the MFSA / ESMA and other related bodies which are relevant to daily duties, especially relating to CSDR and SRDII;
-
Take on any necessary training that is required from time to time, including training that is required due to change in internal processes and procedures;
-
Any ad hoc tasks which may be required from time to time
-
Reporting lines: Supervisor/Senior Manager
CANDIDATE PROFILE
-
A related College or University degree and/or relevant proven work experience;
-
Minimum 1 year of experience in a similar role;
-
Strong command of Microsoft Excel;
-
Good command of English, both written and oral;
-
Proactive, focused attitude towards work;
-
Ability to plan and consistently meet deadlines;
-
Demonstrate good written, verbal communication and analytical skills;
-
Excellent attention to detail.
SALARY AND BENEFITS
- €28,000 - €33,000 gross per annum.
-
Salary will be determined based on experience, qualifications, and skills. The advertised salary range is indicative, any offer will reflect the successful candidate’s suitability.
Due to the high volume of applications received at GRS Recruitment, only shortlisted candidates will be contacted.
To apply for this position, please email your CV to
Michelle Cooper, michellec@grsrecruitment.com quoting the above job reference or call +356 99998272 for further information.