Global Custody: currently 190 jobs.The latest job was posted on 02 Mar 21.
Global custody is where a custodian bank holds assets for a client across multiple countries. Global custody careers typically involve the administration and management of those assets on behalf of the client.
Who Uses Global Custody?
A wide variety of clients use global custody services in today's interconnected world. Institutional investors, brokers and dealers will make up the majority of clients. Assets kept for these clients may include equities, bonds, mutual funds, derivatives and warrants, which are stored electronically.
What Does a Global Custody Job Involve?
Global custody professionals process and service a client's assets in accordance with the client's wishes. This may involve day to day transactions, the collection of income due, or handling international tax affairs. Corporate actions such as takeovers or mergers are also a key part of the global custody professional's job.
Global custody jobs may also involve fund accounting, capital introduction and business consulting. Global custodian banks also offer securities lending, to enable clients to hedge against failed trades or to use as collateral.
Types of Global Custody Career
Available roles within global custody are many and varied. A business analyst will be charged with analysing and reviewing the custody processes, in order to recommend service improvements.
A consultant in securities services will typically advise custodian clients on how best to use securities in order to meet their individual needs.
Global custody sales jobs blend both sales and marketing, in a bid to attract new business in this highly competitive market.
Global custody banks also employ large numbers of IT specialists. Since so much of the asset handling is performed electronically, there is a constant need for professionals to design, develop and maintain robust and secure IT systems.