Prepares the strategic and business development plans for the Group Custody clearing and settlement.
Manages the implementation of the strategy and business plan of Group Custody services function to achieve the set volume, revenue, and profit targets.
Establishes and leads various committees which will (a) plan and execute the expansion of the Global Custody business, (b) monitor performance against Group Custody KPIs and (c) have risk-management oversight over all Custody-related activity, across all Group entities, worldwide.
Develops Key Performance Indicators (KPIs), for the purpose of performance monitoring, quality measurement and monitor staff achievements on a periodic basis.
Manages the implementation of Group Custody Clearing and settlement best practices across all activities business / operations, worldwide, to promote efficiencies in work processes, ultimately resulting in increased customer satisfaction.
Recommends appropriate pricing structures/ policies for the different Group Custody products and services, across the Group.
Identifies new business opportunities, worldwide, and thereby facilitates global growth.
Fulfill the commitments as per QE custody agreement i.e. (i) using its reasonable efforts to advertise, market and promote securities trading on the Qatar Exchange in order to maximize market liquidity and quality. Marketing commitment; (a) to support client awareness sessions in major financial centres; (b) to include references to the Qatar Exchange and the Qatari financial markets in relevant publications to their clients on an international level; and (ii) supporting the development of a delivery versus payment (DVP) securities settlement system, the migration of cash settlement of Trades to central bank money settlement (CeBM) and, ultimately, to central counterparty clearing (CCP)
Ensure all the custody records are maintained as per QE / QFMA / respective market/ sub custodian rules and regulations.
Ensure that all trades are settled on time and that no penalties are imposed for unsettled / late-settled trades.
Support the selection process for the optimal IT system(s) for Group Custody services and participate in system implementation, straight-through processing by using interface with core banking, Swift systems.
Ensures the provision of value added products and services to existing/new potential client who seek Custody services relationships with the Group and meeting/ exceeding their service expectations.
Maintains relationships with the existing customer base as well as originating new ones. .
Maintains strong and effective relationships with all key external entities (such as Custodians, Auditors, Trustees, Fund Managers, clients, sub-custodians, brokers …etc to achieve Group Custody’s functional goals/objectives.
Ensures that Group Custody provides timely and accurate information to the external and internal auditors, the Group Compliance function, and Group Risk as and when required.
Chairs various other risk-monitoring committees, whereby appropriate risk controls are to be applied to all Custody-related activity, worldwide, across all Group entities.
Develops custody proposals for new institutional / HNI clients
Manages the process pertaining to Custody, clearing, settlement & customer reporting
Manages the process of selection of sub-custodian in consultation with GM AWM.
Monitors and controls the worldwide Group Custody function periodically to ensure targets are met, corrective measures implemented on a timely basis and to gauge the delivery of quality and performance. .
Reviews periodic MIS reports/information to appraise the Group Custody function’s performance.
Develops the overall policies and procedures pertaining to Group Custody business.
Bachelors Degree in Business, Commerce, Finance, Mathematics, or Economics.
10 years diverse Custody clearing and settlement experience, of which 3 years must have been in a leading role in a similar department.