Securities Custody & Settlement Manager

Below is the JD:

This Mexican prospect wants to offer custody service to their (retail) clients (that’s a couple of hundreds rather than millions of customers); ie sitting between them and the Mexican CSD, INDEVAL. They don´t really have much experience in this space, therefore expect us to guide them in the setup/implementation process

Rationale and Scope

The service will be provided in accordance with the applicable regulations (CNBV, Banxico and Indeval), covering:

• Custody of national and international securities (via SIC).
• DVP/FP settlement.
• Corporate Event Management and Rights.
• Information and statements.
• Reconciliations and exception handling.

Compliance Requirements

• Compliance with the Single Circular of Brokerage Firms and historical guidelines of custody on behalf of third parties.
• Observance of the Indeval Operating Manual for deposit, custody, admi...