Business Segment: Corporate & Investment Banking
To monitor and manage the assigned solution(s) to achieve the solution plan (growth targets, performance indicators), enhance competitiveness and contribute to its growth.
Custodians play a crucial role in the financial industry by safeguarding assets and ensuring smooth settlement of transactions. Their functions can be categorized into domestic custodians and global custodians, each serving different scopes of asset management and operational needs.
Domestic Custodians:
- Focus on managing and safeguarding assets within one country.
- Handle local trade settlements, corporate actions, and regulatory reporting.
- Provide client support and tax services specific to the domestic market.
Global Custodians:
- Offer a broader range of services across multiple countries.
- Manage cross-border trades, international corporate actions, and global regulatory compliance.
- Provide comprehensive global reporting, investment services, and international tax solutions.
Considerations for the role :
1. Technical Experience
- Knowledge of Custody Services: Deep understanding of global custody operations, including asset servicing, trade settlement, and corporate actions.
- Financial Products Knowledge: Familiarity with a wide range of financial products including equities, bonds, money market instruments.
- Regulatory Awareness: Awareness of global regulatory environments and compliance requirements affecting custodians and financial markets.
- Technology Proficiency: Experience with custody platforms, financial software, and data management systems.
2. Analytical Skills
- Problem-Solving Ability: Capacity to identify, analyze, and resolve complex issues related to custody services and client needs.
- Attention to Detail: Strong focus on accuracy and thoroughness in managing financial transactions, documentation, and client reporting.
3. Client Management Skills
- Client Relationship Management: Experience in building and maintaining strong relationships with institutional clients, understanding their needs, and providing tailored solutions.
- Communication Skills: Excellent verbal and written communication skills to convey information clearly and effectively to clients, colleagues, and stakeholders.
4. Project Management Skills
- Project Management Experience: Ability to manage projects from inception to completion, including defining project scope, setting objectives, and managing timelines and resources.
- Organizational Skills: Strong organizational skills to manage multiple tasks, prioritize responsibilities, and meet deadlines.
5. Strategic Thinking
- Visionary Approach: Ability to develop and implement strategies for growth, efficiency, and innovation in custody services.
- Market Awareness: Understanding of market trends, competitive landscape, and emerging technologies in the custody and financial services sector.
6. Leadership and Teamwork
- Leadership Skills: Capability to lead and mentor team members, fostering a collaborative and productive work environment.
- Team Collaboration: Ability to work effectively as part of a team, cooperating with different departments and international colleagues.
- Risk Assessment Skills: Expertise in identifying, assessing, and managing risks related to custody services and financial transactions.
- Crisis Management: Ability to handle crises and unexpected issues in a calm and effective manner.
7. Cultural Sensitivity
- Global Perspective: Understanding of different cultures and international business practices, especially relevant for a role that operates across multiple countries and regions.
- Flexibility: Ability to adapt to changing market conditions, client demands, and technological advancements.
- Continuous Learning: Willingness to stay updated on industry developments and pursue ongoing professional development.
Minimum Qualifications
Type of Qualification: First Degree
Field of Study:
- Finance, business, economics, or a related field
- Advanced degrees (like an MBA) or professional certifications (like CFA or CPA) are advantageous
Significant experience in the financial services industry, particularly in roles related to global custody or institutional asset management.
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