Settlements Officer at Asset & Resource Management Holding Company

Asset & Resource Management Holding Company – Established in 1994 as an asset management firm, ARM offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. We enable businesses to thrive, and help our clients to maximize their returns and realise their most important goals.

We are recruiting to fill the position below:

Job Title: Settlements Officer

Location: Ikoyi, Lagos
Job type: Full time
Department: Treasury

Job Summary

To manage the role and operations of the fund account unit, updating and developing accounting concepts in recording business and financial transactions while complying with local and international professional and regulatory requirements

Principal Duties and Responsibilities

Execution of all Funds /Institutional Client’s transactions regarding placements and Liquidations in the Interbank Market by preparing instructions to transferring counterparty and the receiving counterparty
Interaction with both internal and external stakeholders as it relates to settlement i.e. Banks and other FIs to ensure transactions are settled in-line with agreed SLA
Daily review to make sure all funds movement as per bank placements, T.bills & Government and corporate Bond sale and purchase, Bank placements and liquidations and HYI/portfolio clients redemptions are duly executed.
Timely Recording of daily transactions i.e. T.bills/Bonds purchase, sale & Maturities, Bank placements & Liquidations, sale and maturities for all Funds, Institutional and private Clients and communicating same to internal stakeholders.
Bank Relationship Management Support.
Retrieval of contract notes from counterparties on T.bills, FGN Bond and Bank placements to ensure all parameters contained therein are as agreed.
Processing of all HYI/Portfolio payments transactions via RTGS, GAPS and other mode of transfers
Daily call over of transactions initiated to ensure that all instructions initiated are executed.
Preparing of circularization letters to banks for auditors to confirm holdings for all the companies, funds and portfolios and follow up to make sure they are received and treated accordingly.
Reconciliation of all outstanding transactions.

Daily Activities:

Daily review to make sure all funds movement as per bank placements, T.bills & Government and corporate Bond sale and purchase, Bank placements and liquidations and HYI/portfolio clients redemptions are duly executed.
Daily call over of transactions initiated to ensure that all instructions initiated are executed.

Requirements
Experience / Academic Requirements:

Minimum 5 years’ experience in related field
Bachelor / Master’s degree in Accounting
ICAN / ACCA (added advantage)

Required Knowledge, Skills and Abilities:

Knowledge of Asset & Investment Management and the Financial Services Industry at large.
Understanding of stock market operations
Prior Investment Management Operations experience
Sound understanding of trade flows and settlement processes
Previous experience in cash management or stock reconciliation functions
Strong statistics, data analysis and technical skills
Strong experience with automated financial systems, including a general ledger and financial reporting software
Good analytical and problem-solving skills
Issues Management ability
Good telephone manners
Proficiency in the use of Microsoft Word, PowerPoint, Excel and other spreadsheet applications