Manager - Custody

1 week ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Adcouncil Full time

Job Description - Manager - Custody (250007)

Purpose of the Role

The Manager of the AFS Custody unit is responsible for managing the processes and workflows associated within the Custody Division operations and accountable for achieving agreed Department strategic business objectives. Responsibility over direct report of Team Leader(s) and other staff for work oversight, staffing resources and unit performance for all operational deliverables of the Custody and Investment Administration units operations in support of the Council investment teams:

  1. Custody: The onboarding of new accounts, the production and review of daily/periodic/ad hoc reporting and recordkeeping responsibilities for all primary custody / contingency custody and related safekeeping accounts.
  2. Investment Administration: Support to all Council investment teams and legal with new investment onboarding, K2 memo creation for capital calls/distributions, SPV corporate governance and operational controls in support of all fund/comingled investments, unadvised cash receipts and SWIFT transaction processing.

The Manager Custody will manage resources, custodian securities/cash processes, and the unit needs through effective controlling, monitoring, directing, evaluating, and support of staff and 3rd party service providers. The Manager Custody will minimize risk by ensuring the accurate and timely completion of operational control functions for all investments. They will also participate in the development and maintenance of relationships with external custodians/correspondent banks, domiciliary and paying agents, and internal Council groups, including upkeep of contractual legal service agreements and SLAs/KPIs. The Manager supports the Council investment teams, Legal/Tax SPVs and their 3rd party managers in all strategic and operational aspects.

Primary Location

Al Bahr Towers 1 Al Bahr Towers, Shaikh Zayed bin Sultan Street Abu Dhabi 61999

Job

Manager - Business Solutions

Organization

Abu Dhabi Investment Council Company PJSC

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