AmbitionBox
Search
Jobs
- Reviews
- Salaries
- Interview Questions
- About Company
- Benefits
- Jobs
- Office Photos
- Community
Add office photos
All Filters
30 Fidelity International Jobs
Assocaite - Reconciliations - GPS Delivery
2-3 years
₹ 3 - 6.5L/yr (AmbitionBox estimate)
This is an estimate of the average salary range for this
position. It has not been reviewed by the company, and
the actual salary may differ.
Gurgaon / Gurugram
1 vacancy
Assocaite - Reconciliations - GPS Delivery
Fidelity International
posted 9d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Banking, Reconciliations Control (BRC) is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity s European based funds and FundsNetwork fund supermarket business. In addition, BRC includes the processing of fund distributions, tax interest accrual processing and various other control related activities for Customer Services.
The successful candidate, as a member of the BRC team will be responsible for supporting the growth of the BRC activities based in the India Service Centre. This role is responsible for ensuring that appropriate client money regulations and controls on customer assets are adhered to and best practice standards are maintained across all activities, particularly in the protection of customer assets and client monies.
Purpose of your role
The Bank reconciliations department is a part of the Banking, Reconciliations Controls (BRC) group. The department is responsible for daily reconciliations of client money settlement bank accounts. They are also responsible for daily reconciliation of client money as well as various corporate ledgers. Reconciliation activities are performed on client money strategic system - Autorek, GFAS and spreadsheet. A delay in the reconciliations may lead to regulatory incidents and may not reflect a true and fair view of the financial statements of the company. The team plays a key role in the delivery of month end and financial year ends from a reconciliation s perspective. The team is also involved in liaising with multiple teams across various locations for resolution of reconciliation discrepancies.
Key Responsibilities
Bank Reconciliations is responsible for the daily reconciliation of the Client Money and Settlement Bank Accounts within the regulatory timeframe. They are also responsible for the daily reconciliation of the client money and corporate ledgers. A delay in the reconciliations may lead to regulatory breaches and may not reflect a true and fair view of the financial statements of the company. The team plays a key role in the delivery of month end and financial year ends from a reconciliation s perspective. The role of an associate will also include ensuring integrity between various systems on which client data/postings are generated stored i.e. Autorek, GFAS, Sonata CFP.
Daily Reconciliations of all bank accounts and control ledgers, including Automated and Manual reconciliations.
Identification and addressing potential shortfalls / surpluses in client money accounts and ledgers to avoid Client money issues.
Ensuring timely money movements across client and settlement bank accounts to address any shortfalls /surpluses and thus avoiding client money incidents.
To maintain and update ledgers, including recording of appropriate reasons for outstanding items over a set of period including ongoing investigations and clearance of ageing items.
To create correcting journals / cashbook keyings for reconciliation purposes.
To investigate follow up on outstanding items with other departments within BRC (Cashmatch, CBU, Controls Settlements etc) as well as other departments in UK, Luxembourg, Germany, Hong Kong, etc.
Produce reconciliation reports of outstanding items and their aging, also including action steps for resolution.
To gain regulatory knowledge and ensure knowledge is regularly updated and maintained across the team.
To be flexible enough to work beyond the normal working hours as per the business requirements for cent percent achievement of the deliverables.
To provide various month end reports and reconciliation summary to assist Finance with their month end reconciliations and preparation of Financial statements.
Experience and Qualifications Required
B.Com or an equivalent bachelor s degree from a recognised university. 2-3 year previous experience in finance or related areas is desirable. Multi-departmental exposure will be an added advantage.
Strong analytical skills with attention to detail.
To be able to prioritise and organise effectively to ensure deadlines are met.
Demonstrates a high level of commitment to improving customer service / processes internally.
Excellent communication skills.
Good computer skills with knowledge of MS Word, Excel and Power Point. Sound knowledge of AS400/AutoRek is required.
A flexible approach with an ability to work with other departments in the organisation.
Ability to remain highly motivated and focused towards the key measurements.
Team player who is also self-motivated and can work independently.
Adaptable to changing business needs - a team player with a flexible approach and the ability to multi-task.
Energetic enthusiastic and a supportive and proactive team player.
A strong understanding of the FCA Client Money regulations is required.
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Associate roles with real interview advice
Top Fidelity International Associate Interview Questions
Q1. Longest Increasing Subsequence Problem Statement Given an array of integers with 'N' elements, determine the length of the longest subseque ... read more
Q2. Sorted Matrix Problem Statement You are provided with an N x N matrix MAT consisting of positive integers, where each row and column is sor ... read more
Q3. Longest Palindromic Subsequence Problem Statement Given a string A consisting of lowercase English letters, determine the length of the lon ... read more
asked in
Software Developer Intern interview
What people at Fidelity International are saying
Rating based on 24 Associate
reviews
Anonymous · BFSI, Investments & Trading
in Gurgaon / Gurugram
Likes
Great company with many benefits
- Salary - Good
+4 more
Dislikes
Work culture depends on the team and manager you go under.
Associate salary at Fidelity International
reported by
184
employees
₹3
L/yr - ₹7
L/yr
33%
less
than the average Associate Salary in India
View more details
What Fidelity International employees are saying about work life
based on 576 employees
Flexible timing
Monday to Friday
No travel
Day Shift
Fidelity International Benefits
Submitted by Company
We’ll help you find the perfect balance We’re welcoming We’re flexible
Submitted by Employees
View more benefits 
Compare Fidelity International with
Fidelity Investments
Compare
Blackrock
Compare
Vanguard
Compare
State Street Global Advisors
Compare
Goldman Sachs
Compare
Morgan Stanley
Compare
Invesco
Compare
Franklin Templeton Investments
Compare
Axis Direct
Compare
Kotak Securities
Compare
FactSet
Compare
Sharekhan
Compare
Morningstar
Compare
Synchrony
Compare
Ocwen Financial Solutions
Compare
Northern Trust Operating Services
Compare
Apex Group
Compare
Better.com
Compare
Sun Life Financial
Compare
TIAA Global Business Services
Compare
Similar Jobs for you
Fidelity International Gurgaon / Gurugram Office Location
Gurgaon/Gurugram, Haryana Office
FIL India Business and Research Services Private Limited, Building No. 9, Candor TechSpace, Sector- 48, Gurugram, Haryana
Gurgaon/Gurugram, Haryana
122018
122018
Fixed Term Contract (9 Months) - Process Specialist
0-3 Yrs
Gurgaon / Gurugram, Delhi/Ncr
Share an Interview