Correspondent Bank Network Manager

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

About the job

Correspondent Network Management are primarily responsible for the selection and management of the groups global network of banks and market infrastructures that facilitate all post trade flows.
The team are responsible for monitoring market developments and regulations to ensure Investec is at the forefront of changes.
They act as a control function ensuring regulatory adherence such as CASS and Third-Party Oversight.

What are we looking for?

We are looking for an individual to come and join the Correspondent Bank Network Management function. The individual must have prior back office / operations experience, some market / industry knowledge of custody and/or payments is advantageous.
This is an externally facing role, the individual will be expected to take on their own suite of correspondent relationships where they will act as the point person for Investec for all products that we utilise. The individual needs to be presentable, personable and articulate as they will be representing Investec. There will be extensive stakeholder engagement as the role is a central function.

Day to day the role involves facilitating all queries between Investec and the correspondent. This includes understanding and coordinating business and industry changes, monitoring service levels and escalating issues where needed, tracking spend and contractual updates plus any other ad hoc queries. Each day is different so managing multiple queries across product lines and businesses is a requirement.
The individual will also be responsible for acting as a control function, managing external account repository including opening and closing of accounts and completing regular due diligence; both remote and onsite. Attention to detail is the core of the role.
The role is varied covering multiple products across multiple relationships and entities, so strong organisational skills and the ability to manage multiple priorities are key.
There will be participation at industry events and performance of on-site due diligence visits so there will be some travel required.

What will I be doing?

• Management of correspondent bank relationships focusing on cash, custody and clearing
• Coordination of and attendance at external bank meetings, distribution of call reports
• Issue management and resolution across the group
• Development of market / industry knowledge, reviewing changes and analysing impacts to Investec; coordinating small changes
• Completion of regular due diligence on correspondent network; both remote and onsite
• Life cycle management of all external accounts
• Management of billing process; tracking key costs and spend
• Collation and distribution of NWM MI
• Participation at Correspondent events, this could be day and evening and could require travel

What do I need to bring?

• To always act with integrity and embrace the philosophy of treating our customers fairly (compulsory)
• Regulatory knowledge as applicable to role (compulsory)

Skills

• Self-starter with a diligent approach to work and can-do attitude
• Good communication skills; written and oral
• Organised and logical
• Good problem solver, analytical
• Personable and presentable
• Confidence to challenge and query incumbent processes with internal and external stakeholders
• Relationship Management skills; internal and external stakeholder management
• Ability to perform in a pressurised environment
• PC literate (not limited to Intermediate/Advanced Excel skills)
• Analytical
• Driven and motivated
• Team player
• Multi-tasking and detail orientated

Technical knowledge

• Understanding of payments processing
• Understanding of settlement and custody process
• Understanding of equities and derivatives clearing
• Changes in the market, products, legislation & regulation relevant to the business area
• MiFID II, CASS, PSD2, GDPR, EMIR

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Recite Me

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If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.