Vice President – Custody and Trustee Services

The role involves in leading the strategic direction and operational excellence of the Custody and Trustee Services with the objective of ensuring regulatory compliance, client satisfaction and optimal asset protection in order to achieve sustainable growth and continued market leadership in alignment with relevant laws, regulations, and standards, and bank’s business objectives and mission.Duties & Responsibilities:Following are the key areas of the duties and responsibilities for Vice President – Custody and Trustee Services. Formal JD covering all areas will be shared with successful applicants.Functional Strategy and Planning− Develop and implement the strategic roadmap for custody and trustee services, aligning with the bank’s overall objective and market trends− Lead the development and implementation is the unit’s digital roadmap and technology adoption strategies to drive innovation, efficiency, and competitivenessPolicies, Processes and Procedures− Create custody and trustee services operations’ policies, processes, and procedures covering all areas of activity− Ensure adherence to relevant procedural/legislative requirements while delivering high quality and cost-effective resultsRegulatory Compliance and Audit− Ensure compliance with all relevant regulatory requirements, including depository regulations, securities laws, and reporting obligations− Facilitate the timely and accurate preparation and submission of regulatory and internal management/board reports, aiding informed decision-making and regulatory complianceRisk and Internal Control− Review the adequacy and effectiveness of internal controls, risk management processes, and governance frameworks− Implement robust measures to mitigate operational loss and error, thereby fostering a culture of excellence and achieving the goal of zero incidents and optimal operational efficiencyPeople Management− Promote the organization’s culture across the team to ensure its alignment with the required and desired behaviors− Instill a culture of continuous development and performance within the functionPreferred Educational Qualifications− Part Banking qualification or passed finalist of any Academic qualification (i.e Degree from a recognized University in the fields of Banking, Finance, Business Administration or related field)− A Master’s Degree in Banking, Finance, Business Administration or related field OR a Professional certification such as Chartered Wealth Management, Diploma in Capital Markets, CISI, CIMA, ACCA, CFA or a relevant field will be an added advantagePreferred Experience− A minimum of 14 years of work experience in the banking industry.Competencies− Expertise in Custody and Trustee Services− Regulatory knowledge− Operational excellence− Financial acumen− Strategic planning− Bank and wealth management exposure− Client relationship management− Technology and process optimization− Cross functional collaboration