This section includes all our global custodian jobs.
As the name suggests, one of the primary functions of a job in global custody is keeping assets safe for customers, whether they are mutual fund managers, private equity firms, broker/dealers or hedge funds.
Traditionally, this meant physically keeping certificates of stock and bond ownership for clients, but now these are stored electronically. Globally, the value of assets administered by custodians reaches trillions of dollars.
Custodians also process and service financial products and portfolios on behalf of customers. This can be anything to the collection of income arising from a product - dividends or bond coupons, for example - or calculating the value of a fund.
Securities lending is another service provided by global custodians. Financial services companies need to borrow securities in order to hedge against failed trades, fulfil their settlements obligations or simply to use as collateral to pursue other investment opportunities. A custodian will usually act as an agent, matching clients to suitable borrowers and overseeing the administration of transaction, collecting a fee for their services.
Prime services is also another key function for most large custodians. This includes capital introduction - attempting to introduce funds to potential investors; business consulting - advice on market trends and education and training, among other services.
One of the most common global custody jobs, particularly in key centres of global custody such as Ireland and Luxembourg, is fund accounting and fund administration.
This involves running the books of the funds, ensuring income accruals are all validated and approved. Calculating a fund's assets versus its liabilities is referred to working out its Net Asset Valuation, which is a key skill in fund accounting.
There are a number of other functions within global custody careers related to post trade activity. These include settlements - ensuring the smooth delivery of the securities to the buyer and the money to the seller; reconciliations - looking for discrepancies (or exceptions) to trades in order to ensure that the securities purchased match the client accounts; and corporate actions - making sure dividends and coupons are delivered on time.
Global custody is a competitive market, and therefore firms offer sales jobs to bring in the business. These roles are a combination of sales and marketing and, depending on the organisation, can be called business development, client relationship management or, simply sales manager.
Technology is also very important to global custodians. For example, a lot of money is spent on systems to aid straight-through processing, where the whole transaction is conducted electronically without the need for re-keying or manual intervention. Some of the more simple NAV calculations can also be automated. Therefore custodians also hire a large number of IT professionals to develop these systems.
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|Senior Relationship Manager||Citifocus £Excellent Package||UK-London||23 May 13|
High profile opportunity offered by this leading global securities house. Key purpose of the role will be to ...
|Transitions New Business - Coordinator||Northern Trust £Competitive||UK-London||23 May 13|
To co-ordinate the successful transfer of clients'' assets to/from prior custodians to NT.
|Team Manager - Skelmersdale||The Co-operative £21,000 - £26,200||UK-North West||23 May 13|
At The Co-operative Bank, we believe in putting our customers at the heart of everything we do. It's that fres...
|Vice President Global Pricing||Eden Scott Depends On Experience||UK-Edinburgh||23 May 13|
Vice President - Global Pricing Specialist
|Trade Execution Analyst||Northern Trust £Competitive||UK-London||22 May 13|
The divisions Unitised Fund Services is responsible for the servicing of the Asset Class to meet our client's ...
|Senior Consultant, Change Management x2||Northern Trust £Competitive||UK-London||22 May 13|
Responsible for the execution of all change projects for the supported business function; with the application...
|Product Manager - Clearing & Collateral||Square Mile Connections Competetive||UK-London||22 May 13|
Excellent opportunity for an experienced Product Manager to join a leading International Bank. Based in office...
|Escrow Transaction Manager - 12 month contract||Square Mile Connections Competetive||UK-London||22 May 13|
Excellent opportunity for an experienced Transaction Manager, with solid knowledge of Escrow, to join a leadin...
|Jersey Based Corporate Services Administrator - Capital Markets/SPVs||Square Mile Connections Competetive||UK-London||22 May 13|
Excellent opportunity for a Corporate Services Specialist to join a leading International Bank. Based in offi...
|UK TA Application Manager||Northern Trust £Competitve||UK-London||22 May 13|
The role is to provide leadership and management oversight and control of the UK TA Application team. To enga...
|Relationship Manager – Derivatives||Riversdale Consulting Competitive||UK-London||22 May 13|
This is an excellent opportunity for a Senior Relationship Manager with proven experience of managing high pro...
|Client Analyst - European Team||Randstad Financial & Professional Negotiable||UK-London||22 May 13|
Our client a leading investment management firm, currently seeks a Client Analyst, to be based in London.
|Product/Solutions Managers x4||SEI Investments (Europe) Ltd. Competitive with Excellent Benefits||UK-London||22 May 13|
Through extensive interaction with clients, prospect firms and the market, the Solution Manager will identify ...
|Sales Managers x 2||Hornby Chapman Competitive||UK-London||22 May 13|
Our client, the Fund Services arm of a major international bank, is looking for two sales managers to assist i...
|Senior PMO Analyst- Corporate Actions /Treasury -London £550p/d||Empiric GBP450 - GBP550 per day||UK-London||21 May 13|
Senior PMO Analyst- Corporate Actions /Treasury - London - £550 p/d 6 month contract (Initially)
|Product Manager, Regulatory Services||Meredith Brown Associates £Exc + Bens||UK-London||21 May 13|
Our client, a leading global Asset Services business is currently looking to build out their product solutions...
|Investment Services Analytical Associate||Eden Scott Depends on experience||UK-Edinburgh||21 May 13|
Investment Services Analytical Associate
|Relationship Manager, Institutional Trust (Part time)||Northern Trust £Competitive||UK-London||20 May 13|
This part time role will focus on a portfolio of consultant relationships.
|Client Relationship Manager - Alternatives||Argyll Scott International £70k - £85k + bons + bens||UK-London||20 May 13|
My client is a well known Global custody bank currently looking to expand the alternative client relationship ...
|CASS (Client Assets) SME||Hudson Banking £75,000 - £95,000||UK-London||19 May 13|
A major global bank is looking for a CASS (Client Assets) SME. The CASS SME will become single point of contac...
|IMPACT INVESTING SALES & BUSINESS DEVELOPMENT MANAGER / UK & NORTHERN EUROPE||Symbiotics SA competitive||UK-London||15 May 13|
One of the world's leading independent asset manager dedicated to sustainable and impact investments in emergi...
|Transfer Agency Relationship Manager||Change International Negotiable||UK-Edinburgh||14 May 13|
Our client, a leading investment management house, is seeking a Transfer Agency Relationship Manager to work w...
|Marketing Associate||Moodys Annual||UK-London||14 May 13|
Our views matter.
|Senior Account Manager, Institutional Trust||Northern Trust £Competitive||UK-London||14 May 13|
To act as an Account Manager within IIG Client Services
|Account Manager, Securities Lending||Northern Trust £Competitive||UK-London||10 May 13|
Reporting to the Manager of Account Managers, the core responsibility of this role is to act as an Account Man...
|Head of Finance and Investment Accounting||Finn Laurens Associates £six figure package||UK-London||09 May 13|
High profile Pension Scheme with £18bn AUM requires a Head of Finance and Investment Accounting. A genuinely c...
|Client Services Executive||Purchasing Index Ltd Competitive||UK-London||08 May 13|
PI Benchmark provide database-driven decision support software as a service to some of the world's leading f...
|Executive Assistant - UK Legal||State Street Not Specified||UK-London||06 May 13|
The role will provide support for the UK Legal team, based in Canary Wharf.
|Officer, Futures Operations, Deliveries Specialist||Bank of America Merrill Lynch UK Market Rate - Chester||UK-North West||02 May 13|
The European Delivery team handles a broad array of position maintaince tasks, including processing the subseq...
|IMS Change Manager; AVP||State Street Competitive + Bonus + Bens||UK-London||29 Apr 13|
Our Company State Street Corporation (NYSE: STT) is the world''s leading provider of financial services to i...