Global Custody: currently 238 jobs.The latest job was posted on 28 Sep 16.
Traditionally, a global custodian was someone who kept physical copies of share certificates, proof of purchases, and any other paperwork relating to a company’s or individual’s wealth and portfolio of assets. Today, paperwork is stored electronically as a more secure method of safekeeping, but custodians are still a very much needed, and very much valued, part of the financial sector.
The custodian’s role has developed somewhat in recent years, but it’s still heavily based in organization and administration, making it ideal for those who are passionate about back office financial activities. The custodian is likely to record all ingoings and outgoings, such as traded stock and bonds, new investments, and ongoing income from existing investments and agreements. Custodians build strong relationships with their clients, and need to remain professional at all times. If any details of a portfolio do not add up, it’s vital that the reason is unraveled as soon as possible – you’ll need a keen eye and a problem-solving attitude to work out any discrepancies.
The Expanding Role
Due to advancing technologies, it was expected that the role of custodian would become redundant, but in recent years we’ve started to see the opposite happening. Rather than custodians surrendering to the machine, they have expanded their role to include many functions that a computer simply cannot complete. The role of the custodian is much more varied and diverse than it was 10 years ago, which has brought a bit of excitement back into the field. Since investments are commonly held internationally, custody has become global. You can now expect to get involved in areas such as securities lending and risk management, along with portfolio maintenance. This gives you a wealth of experience, which could be very useful if you decide to move away from custody in the future.
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