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WHAT ARE WE?.
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A QUICK OVERVIEW. Core Values: Customer Commitment, Teamwork and Integrity.
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DEPARTMENTS IN ZENITH NOMINEES. [image] A person smiling at a computer.
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Customer Service Unit. [image] A person smiling at a computer.
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CUSTODY operations. Trade Settlement: This involves processing of transactions received via secured channel in line with the agreed custodial Service agreement. Income Collection: Entitlements due on assets under custody are accounted for. This includes interests, coupon, dividend and all other entitlements. Corporate Action: It refers to any action taken by a company that impacts on its shareholders. Examples of corporate action include Annual General Meeting(AGM), Court Ordered Meeting, Extraordinary General Meetings(EGM), dividend, right issues, Mergers and Acquisitions, share split, bonus issue, Change of name etc. Lien Administration: The term lien refers to a legal claim or legal right which is made against assets that are held as collaterals for satisfying a debt. Reconciliation: This is a procedure that compares two or more sets of records to check that the figures are correct and in agreement..
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FINANCE. [image] A person in a yellow shirt. Bookkeeping Investment and Liquidity Management Financial Reporting Payroll Management Tax Management Recording daily financial transactions to maintain accurate and up-to-date financial records. Managing funds to ensure optimal returns while maintaining enough cash for operational needs. Preparing periodic financial statements to reflect the company’s financial health and performance. Processing employee salaries, benefits, and deductions accurately and on time. Ensuring compliance with tax laws through proper calculation, filing, and payment of taxes..
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Internal Control. 7. Internal Control Activities in ZNL include the following: ◾ Ensuring Adherence to Management Policies ◾ Transaction Call-over ◾ S4/T24/CSCS/FMDQ Reconciliation Review ◾ Finance and Account Review ◾ Cash Count.
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Internal Audit. 8. Core Audit Focus Custody Operation Review Corporate Action Review Fixed Asset Verification Confirmation of Clients’ Assets under Custody to External Auditors Departmental Audit.
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RISK MANAGEMENT FUNCTIONS IN ZNL INCLUDE. Preparation and sending of Key Risk Indicators to Team Leads Rendition of monthly operational risk dashboard to Head office Basel III report Quarterly Group Board Risk report Quarterly report to the Managing Director Bi-annual Risk Control Self-Assessment Updating of the Risk Register Incident reporting.
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Compliance. Customer Due Diligence (CDD): On ZNL part, before onboarding any client, the CRM unit must collect the following documentations all in a bid to know our customer very well Ensuring that ZNL is not involved in recycling the proceeds of crime that could call into question its reputation, integrity. Implementation of anti-money laundering policy. Suspicious transaction reporting Quarterly AML/CFT Training for ZNL Staff Reports rendering to SEC & NFIU.
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Thank you. ZENITH NOMINEES LIMITED 0209 [email protected].