ASSISTANT MANAGER - SETTLEMENTS
Posted on :
20-07-2022
Employer Active
1 Vacancy
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Jobs by Experience
6 - 7 years
Monthly Salary
KWD 1 - 100
Nationality
Any Nationality
Gender
N/A
Vacancy
1 Vacancy
Posted on :
20-07-2022
Job Description
Req ID : 1257979
- Provide Settlement related inputs and recommendations to support the development of divisional strategy.
- Assist AVP/VP in day-to-day operations.
- Lead the development, implementation, and monitoring of Settlement processes pertaining to payments, settlements, collections, transfers, and follow-ups based on contracted schedules.
- Maintain the highest standards of professional conduct, ethics, and integrity in the provision of the services in the division.
- Develop procedures and controls within the department, ensuring that all management reporting transactions are in compliance with the set policies and procedures.
- Analyze and manage to process transactions related to company and portfolio clients on a timely basis.
- Verify daily cash balances for the portfolio client available for trading.
- Ensure investment dealings are carried out on behalf of clients and are processed accurately on a timely basis.
- Prepare and issue instructions to the custodians brokers for the settlements of transactions in Bond, Stocks, and Options.
- Ensure the incoming/outgoing payments are in accordance with credit guidelines.
- Review statements of banks, custodians, brokers, and stock exchange related to the company as well as the portfolio clients.
- Reconcile the Cash as well as safe custody accounts.
- Ensure that dividend payments, redemptions, etc. are received and distributed to clients accurately & on a timely basis.
- Process the Management fees I deductions on portfolio accounts on monthly basis.
- Reconcile the position client-wise, custody-wise, and currency-wise regularly.
- Provide relevant information to concerned departments/divisions for their analysis of performance and for the preparation of reports on funds management.
- Provide quick responsive service to requests and queries from the department/divisions or from banks and clients.
- Maintain all records and safekeeping of company's and client's documents.
- Ensure implementation of Anti-Money laundering policies and procedures.
- Supervise direct repartees and guide them in managing their performance by providing appropriate feedback.
Employment Type
Full Time
Company Industry
Department / Functional Area
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