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Custody Services Administrator
Apply now Job no: IO326
Work type: Full Time
Working with M&G Prudential as a Custody Services Administrator means becoming part of a brand with a global reputation and an exciting vision: to become the best loved and most successful savings & investments business.
The forthcoming planned de-merger of M&G Prudential from the Prudential Group PLC provides a terrific opportunity to create a truly international and integrated savings and investments firm. A firm built on a rich and long history and with a commitment to an innovative future centred on the needs of customers and clients. There is a genuine opportunity to drive competitive advantage with value creation through the formation of this new organisation.
If you’re inspired to join us, and have the necessary qualities, then this could be the opportunity you’ve been looking for.
Assist the management of Custodian Relationships. This will involve a range of accountabilities including monthly/ quarterly custodian service review meetings, operational and service benchmarking, preparation, maintenance and enhancement of operational service level agreements, supplier and regulatory change management and the promotion of the custody service functions within M&G.
Custody services administrators ensure the smooth running of new fund launches coordination of Custody/bank/GMM account maintenance including semi-annual reconciliation of the bank account database, Standing Instructions and MM deposit accounts, management and coordination of claims, losses and debit interest processes.
Coordination and diary management of external Custodian operational service review meetings
Preparation and analysis of feedback/ KPIs and issue logs for custodian review service meetings and post review management of ownership for subsequent actions and improvement initiatives
Assist manager to produce and maintain custodian governance profiles and service matrices
Preparation and maintenance of the operational service level agreements including validation of custody fees, interest rates and MIS packs
Coordinate the internal completion of control documents to facilitate Fund set up/ Custody and Bank account opening process across Investment Operations benchmarking and to identify improvements and best practice across Inv Ops.
Act as a support function to Investment Administration in the launch of new funds by acting as coordinator of the client control document which evidences operational readiness. CCDs to be monitored and signed off by all areas prior to fund launch date. Where possible enhancements to the existing process should be identified and implemented.
Coordinate Custody/bank/GMM account maintenance in a timely and accurate manner, communicating clearly with internal and external parties at all times. In addition, bi-annual reconciliation of the bank account database and MM deposit accounts and maintenance of the internal signatory panels.
Coordinate market opening, fund of fund account onboarding and the arrangement of restricted currency standing instructions.
Staff should know how to identify client money or the risk of it arising, and how to handle it (e.g. ensuring investment losses / client compensations are received by the fund / client within 24 hours of any amounts and calculations being authorised)
You will have:
People who work at M&G Prudential agree that ours is a great place to work with a brilliant team spirit. It’s also an innovative, high-performing, commercial environment that’s totally focused on customers. As an M&G Prudential colleague you’ll get all the support you’d expect, including full training and professional development. You’ll receive a competitive salary and reward package. And in a fast-changing world, you’ll join an organisation that’s leading the way in helping customers achieve their long-term financial goals.
M&G Prudential is committed to a diverse and inclusive workplace. Our role as an employer is very simple – to provide the right environment for talented people to do their best work, by respecting, understanding and valuing individual differences.
We welcome applications from individuals who have taken an extended career break, and we are willing to consider flexible working arrangements for all of our roles.
Advertised: GMT Daylight Time 15 Jul 2019
Applications close: GMT Daylight Time
30 Aug 2019
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