14 Jul 2021

AVP in Settlements

Ref 33802

A private bank is seeking an AVP in Settlements to manage the day-to-day activities of the Custody Services Settlements team, to maximise its operational efficiency, and to identify and control operational risks. 

Job accountabilities:

  • Plan, organise and control the activities of the team, ensuring that time critical deadlines, dictated by internal and external service providers are met. 
  • Act as escalation point to team members for any onerous queries or problems, ensuring successful resolution.
  • Bring to the attention of the MLRO, any accounts or transactions causing the jobholder to be suspicious of money laundering activity on the part of any client.
  • Train, instruct and motivate staff on the day-to-day requirements regarding the processing and recording of custody records and transactions. 
  • Maintain ongoing in-job training for all Custody Operations personnel, where needs are identified.
  • Control the investigation of all queries so they are answered in an efficient and timely manner.
  • Identify and advise the department head of any clients with whom a wider relationship could be envisaged.

Know-how/competency requirements:

  • Sound knowledge and experience of the rules and workings of global stock exchange procedures, established practices adopted by brokers and overseas agents, world-wide banking practices.
  • Sound knowledge of the securities regulatory environment in Guernsey and internationally as relevant to the Guernsey Custody operations.
  • Good communication, presentation and interpersonal skills. Personal organisation, prioritisation, time management and delegation skills.


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