Markets and Treasury Post Trade Services (PTS) - Head

roomDar es Salaam

business_centerFull Time

book3 Direct Reports

bookmark Head of Department

directions_carDriving License Not Required

flagOnly Open to Tanzanian Nationals

businessBanking

Management

Summary

Direct, manage and execute post trade services in support of Markets and Treasury trading; ensuring that services are executed in accordance with the applicable policies, procedures and broader governance and control framework. Trading supported may include trading of Fixed Income, Currencies, Commodities (FICC) and/or Equities products both in principal and/or in an agency capacity, where approved for trading by the Markets/Treasury businesses.

Markets and Treasury are global businesses so the jobholder will have both In Country and Regional accountabilities.

Responsibilities

Key Accountabilities

Accurate, timely and complete post trade service execution excellence (40%)

  • Provide oversight and guidance to ensure accurate, timely and complete post trade service execution and related pre trade service activities. Relevant pre and post trade service activities include:

- New and amended product approval
- Client and account setup and maintenance
- Client reference data setup and maintenance
- Trade and life-cycle event affirmation, confirmation and settlement- Fee and tax operations
- Client asset servicing
- Secure custody of source document and securities/collateral
- Cash, securities/stock and other reconciliations
- Related third party payments
- Daily Reconciliation of Treasury and Markets product with Product Systems Vs BRIANS GL

  • Actively participate in execution of trade service activities as a Subject Matter Expert and / or in a supervisory capacity;

  • Ensure teams under management are aware of their responsibilities and are appropriately trained;

  • Take accountability for all operational losses, cooperate in root cause analysis and implement resulting actions;

  • Ensure mechanisms are in place to continuously monitor automated processes with well-defined issue escalation and resolution protocols;

  • Initiate and oversee system enhancements as applicable to the business ensuring that specifications, pre-implementation testing and sign off are completed in order to ensure that business and client servicing is not impacted;

  • Initiate and oversee further control and process re-engineering initiates which enable business, improve efficiency and allow for increased trade volume and complexity; and

  • Provide leadership and guidance to teams under management.

  • 100% Adherence to IFEM Code of Conduct, on Article 20 which says to send IFEM report by before 3:30pm to BOT

Together with risk teams implement and monitor adherence to governance and control framework (20%)

  • Provide input to, challenge and pre-approval of New and Amend Product Approvals prior to approval;

  • Ensure all processes are documented/updated and ensure controls have been updated to reflect any new controls introduced as a result of process/procedure change;

  • Carry out regular control self-assessments in collaboration with regional office and risk teams to ensure that controls are designed and operating effectively in line with Control Standard requirements;

  • Ensure key external risks /threats / changes which may have an impact on business and have been effectively identified and communicated /escalated to all relevant stakeholders and mitigating controls/process put in place (keep abreast of local and international market developments/sanctions etc.);

  • Work with risk functions to prepare for Internal and External Audits, know issues have been raised with action plans and all observations are remediated within agreed timelines; and

  • Ensure compliance to policies, legislation, & regulations & that team complete all mandatory training & attestations in timely manner.

Ensure that all internal and external business and regulatory reporting is accurate, complete and performed in a timely manner (10%)

  • Prepare and review all internal and external regulatory reporting as required by the market/business in a manner that ensures that the organisation is not subject to regulatory fines;

  • Ensure that business indicators (including risk, control, operational, performance, client metrics) and risk events are appropriately captured and reported on according with established risk appetites, business and regional requirements 

  • Ensure that threshold breaches are escalated, implementing strategic controls and process where required in order to mitigate risk; and

  • Actively participate in regional and business operational committees and infrastructure risk review forums.

Recruit and develop top talent (20%)

  • Perform people management functions including but not limited to:

    • workforce & recruitment demand planning

    • recruitment

    • Talent management & succession planning

    •  Mentoring and coaching

    • Management of discipline & grievances

    • Performance development

    •  Reward & recognition management

    • Training and development

  • Ensure teams & directs develop SMART objectives that develop the individuals & are in line with Regional goals and objectives job role requirements and organisational values;

  • Develop & retain top talent through mobility & training programmes; and

  • Lead by example.

Strategy & Planning (10%)

  • Build and maintain strong relationships with In Country and Regional business and infrastructure units;

  • Implement Pan-African strategy including short & medium term goals and objectives;

  • Provide direction to team members to ensure that the Pan-African strategy is embedded into team objectives

  • Drive & monitor all goals and objectives.

 
 

Education and Qualifications

  • Post Grad B-degree (NQF level 8)

Requirements

  • Minimum 6 years relevant professional experience

  •  4 years management experience

  • Treasury/Markets banking product knowledge

  • Business Risk and Control experience

  • Developing Deck for presentations
  • Analytical skills E.g Extensive usage of Excell skills to analyse data
  •  
  • Able to update process manuals and skills using Ms Visio and MS project

Characteristics

Key Competencies

  • Deciding and initiating action
  • Learning and researching
  • Entrepreneurial and commercial thinking
  • Relating and networking
  • Adapting and responding to change
  • Persuading and influencing
  • Creating and innovating
  • Planning and organising

Reporting To

Head of Enterprise Operations and Service Delivery

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Banking: 6 Years

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Management: 4 Years

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