Network Management

• Cash Correspondent Monitoring and Oversight : Manage the oversight of all cash correspondent banks in GNM s network aligned our control framework requirements, to measure & improve performance levels. Responsible for strategy, commercial negotiations with local market providers & for bringing the organization closer to the market; driving, anticipating & reacting in an agile way to change in the market via:
• Cyclical due diligence on cash correspondent network
• Due Diligence Questionnaires (DDQ) review, challenge, and follow-up
• Local market subject matter expertise
• Navigating changes in local market developments and challenges
• Source and deliver market intelligence
• Suitability assessment of new providers
• Development, production, and enhancement of existing Management Information.

• Change Management & Digital Expansion:

  Responsible for supporting strategic projects including digitization initiatives through to implementation. Aligns to & supports the implementation of the foundational data and digital agenda which aims to create a new ecosystem for GNM focused on three key pillars:
• Enhance / remove legacy applications.
• Partnering with 3rd Party for Digital DDQ & Service Level Agreements (SLA)
• Supporting development of performance related dashboards

DDR Accountabilities:

• Maintenance of the GNM s Golden Source & Due Diligence repositories, ensuring a robust control environment is always perpetuated with a continuous focus on the department, and the firm s, regulatory obligations.
• Monitor and analyse key milestones associated with the execution of GNM s cash and custody due diligence frameworks.
• Where necessary, provides analysis and support for the selection / monitoring of sub-custodians.
• Be the main point of contact with service providers related to the issuance of DDQs and administration of service provider s user profiles within the GNM s SubHub application.
• Work with service providers to ensure core due diligence records are collated and tracked in an accurate and timely manner.
• Works collaboratively with various internal stakeholders within and beyond the GNM function ensuring required approvals are collated and tracked accurately and timely.
• Usage, development and enhancement of DDR team s processes, procedures, tools, and applications - including Microsoft products such as Power Automate, Power Apps, Power BI, Office & Visio.
• Consults/interacts with internal business partners such as Operations, Legal, Risk and Compliance when required.
• Ensures completion of various daily/ weekly/ monthly tasks from a regulatory and compliance perspective. (CASS, credit ratings review etc.)
• Ensures an efficient and timely production of the regulatory/compliance internal and client quarterly/ end of year reporting for Global Network Management.
• Contributes to the subcustody relationships monitoring process and gathers documents for a selected number of markets.
• Develops plans, tracks, and reports on subcustody relationships monitoring.
• Creates and maintains regular communication with the Network Managers and third-party vendors.
• Advise management on risk / regulatory consequences in case of issues.
• Expected to gain a full understanding of Global Asset Safety and in particular the Client Asset Protection regimes that exist under CASS, CAP, MiFID, AIFMD, UCITS, MPFA, RG133, FCM 17f-5 & 17f-7.

To be successful in this role, we re seeking the following:

• Bachelor s Degree, or equivalent combination of education and experience.
• Advanced / graduate degree is preferred.
• 5-7 years of appropriate work experience, preferably banking industry experience in global custody network management, product management, risk, compliance, operations, or client service management.
• Strong written and verbal communication skills required, comfortable presenting to internal stakeholders and management.
• Strong analytical, process flow and operational mapping expertise.
• Self-motivated, takes ownership and pride in producing work of the highest calibre.
• Team player with a flexible attitude and ability to make extensive contributions to the overall success of the team.
• Ability to foster new relationships and work collaboratively with others.
• Ability to work independently and adapt to changing priorities.
• English required; additional foreign language skills would be an advantage.