An'yst, Fiduciary

**Job**: Operations

**Primary Location**: Asia-Malaysia-Bukit Jalil KL

**Schedule**: Full-time

**Employee Status**: Permanent

**Posting Date**: 01/Mar/2024, 2:49:25 AM

**Unposting Date**: Ongoing

The specific role, based in Malaysia, will be focused on Investment Guidelines Compliance and NAV Verification activities for all regions (i.e. APAC, MENA and HK). This role will report to the functional head of fund compliance in Malaysia and will be critical in supporting the global support function and the firm.

Strategy
- Awareness and understanding of the Group’s business strategy and model appropriate to the role.
- Contribute towards the future strategic direction and process innovation of Securities Services by keeping abreast of changes in customer needs, technology and business environment and taking pro-active steps to embrace and capitalize on these changes.
- Support the roll-out of appropriate quality management systems and other initiatives by the Company/Group.

Business
- To assist the Head Fiduciary Services to manage the operations of Fiduciary Services and NAV Verification processes (where applicable), in ensuring consistent delivery of high quality services to customers and meeting objectives set by the Group using available resources allocated while maintaining operational risk to an accepted level.
- To assist the Head Fiduciary Services in leading Fiduciary Services and NAV Verification Team (where applicable) to achieve service quality by meeting / exceeding and set service standards and achieving zero defect for the Bank customers.

Processes
- Ensure consistent delivery of high quality services to customers through meeting or exceeding customer expectation guided by the Service Level Agreement, efficiency/accuracy standards and good business processes/ judgment.
- Assist the Fiduciary Services Head to achieve quality service by meeting the prescribed objectives and goals. Assist the team management in overseeing the daily operations of the NAV Verification Team and contribute towards meeting the team’s objectives.
- Assist the Fiduciary Services Head on NAV Verification Team’s individual performance, against set objectives and providing the appropriate support, motivation and guidance to staff to achieve these objectives. Contribute to the development of associates by guiding, coaching, motivating, supporting and assisting selected number of associates.
- Ensure that the set productivity targets (efficiency, accuracy, etc.), defect management and processing turnaround standards are achieved (within own area of responsibility).
- Verify transactions processed by Associates and authorize those that fall within own-delegated release authority. Checking of and/or approving the necessary against the applicable systems.
- Establish and maintain close working relationship with appropriate persons in the Spoke countries, Chennai Counterparty, Group offices and within the Company itself to facilitate an open and direct communication of issues, needs, queries, etc. such that these may be responded to in an efficient, prompt and professional manner.
- Daily Review of Fund’s Net Asset Value using Mirror NAV. Verify if SCB’s calculated mirror Net Asset Value (NAV) and Client’s Primary NAV are the same or within the allowed threshold in the SLM/SLA. Investigate variances above the threshold and ensure that necessary rectifications are made. Track all variances until rectified and escalate internally for overdue items.
- Daily Review of Fund’s Net Asset Value using Risk Based Approach. Verify if variance between calculated current primary Net Asset Value (NAV) and previous NAV or benchmark are within the allowed threshold in the SLM/SLA.
- Perform daily reconciliation using Risk Based Approach (i.e. Unit, stock and cash verification, Verification of aged stock and cash breaks, Verification of price variance, Verification of outstanding derivatives, Verification of expense accruals, Verification of income accruals, Verification of stock lending (if any), Verification of dividend distribution). Track all errors and escalate to client.

People & Talent
- Ensure that all staff of the department continues to be equipped and developed with the necessary knowledge, skills and tools to achieve the required level of competency to facilitate them to perform their roles and responsiilities effectively, efficiently and accurately.

Risk Management
- Be guided accordingly and aware of the roles and responsibilities for money laundering prevention as stipulated in the Money Laundering Policy, Group Sanction Policy and Escalation Procedure.
- Be guided accordingly and aware of the roles and responsibilities for money laundering prevention as stipulated in the Money Laundering Prevention (MLP) Group Policy, Money Laundering & Suspicious Transaction Guidelines for Securities Services Management, Suspicious Money Laundering Transaction Reporting Procedures and / or Monitoring Checklist, and Escalatio