Head of Custody Job at Absa Bank

Job Title:
Custody Business Strategic Manager

Location:
Jobs in Uganda 2023 – 2024

Work Hours:
Full-time, 08 hours per day

Salary:
UGX

Number of Vacancies:
01

Application Deadline:
June 20, 2024

Hiring Organization:
Absa Bank

Job Summary:
Drive the overall strategic direction of the custody business, ensuring annual revenue targets are met. Enhance Absa’s market reputation through active participation in market development and client engagement.

Key Responsibilities:

• Strategic Leadership (15%):
  • Develop and execute product development strategies aligned with the Business Unit’s overarching strategy and market regulations.
  • Oversee the processing and execution of all securities settlement transactions.
  • Identify client acquisition opportunities in line with market developments.
  • Lead and evaluate the performance of direct reports based on business development and revenue targets.
  • Ensure daily transactions align with business goals.
  • Stay updated on market movements and report findings to the Director, Corporate Banking.
  • Provide guidance on focus areas, opportunities, and key targets.
  • Build and maintain effective stakeholder relationships to manage risks and deliver shareholder value.
• Marketing and Visibility (20%):
  • Represent Custody at industry forums and governance structures.
  • Act as the local point of contact for international institutional relationships.
  • Represent the bank at industry events and committees.
  • Market the custody business to stakeholders locally and internationally.
  • Enhance visibility with global financial institutions and through partnerships with international custody associations.
• Drive Business Performance (35%):
  • Implement performance controls to measure achievement against strategic targets.
  • Lead quality sales pitches, manage pipeline, and ensure conversion.
  • Participate in internal client reviews from a service perspective.
  • Negotiate service level contracts with business unit heads and clients.
  • Monitor service levels and implement measures to improve customer satisfaction and profitability.
  • Implement governance structures for effective customer management.
  • Ensure rigorous cost management within the Custody unit.
• Risk Management (20%):
  • Identify and manage principal risks relevant to the Coverage Business.
  • Monitor business risk activities and provide guidance for tactical plans.
  • Promote a culture of proactive compliance and risk management.
  • Manage KYC/AML risks for the business unit.
  • Review risk management practices and highlight areas for improvement.
  • Evaluate Operational and Principal Risks quarterly and complete required attestations.
  • Ensure full compliance with regulatory requirements, the Enterprise-Wide Risk Management Framework, and internal policies.
• Team Management (10%):
  • Create a high-performance culture and foster effective working relationships.
  • Coach and develop the team to embed a culture of excellence.
  • Maintain open communication with team members.
  • Manage day-to-day operations, drive out inefficiency, and maximize productivity.
  • Use Performance Management to set and monitor individual and team targets.
  • Manage key stakeholder relationships and build strategic relationships with decision-makers.
  • Proactively develop personal and team expertise through relevant training.
  • Develop knowledge of clients’ strategies and market trends.

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Education and Professional Qualifications:

• Bachelor’s Degree in Business, Commerce, or related fields.
• Professional qualifications in Business, Commerce, and Management Studies (required).

Application Procedure:

Interested and qualified candidates can click here to apply.