Senior Manager/Manager - Operations - BFS (7-10 yrs)

The position would be responsible for monitoring the day-to-day requirements of the Gift City Operation & Allied activities for AMC-based organisation. From the Core operation perspective, the profile will require monitoring & reviewing breaks appearing in the reconciliation for various transaction types of the schemes, having a holistic view of the Expenses reconciliation and pool account reconciliation, handling ETF Trade Reporting and Settlements both Domestic as well as Offshore trades, Checking of Cash Components of the ETF scheme and Forex Handling. Further, the profile will also need to review the FA books and clear gaps appearing in the ledger/Trail Balance scrutiny or any outstanding expense entry. The profile will also require to liaise with the

Auditors (Both Internal as well as Statutory) for any first-hand information or queries that can come on Recons or aligned activities on the functionality.

JOB RESPONSIBILITIES:

- Managing a team of people responsible for a particular function.

- Managing ad-hoc data or report requirements from the Regulator with strict adherence to quality standards and expected delivery timelines

- Reviewing Bank and Holding reconciliations and resolving breaks, if any

- Periodic Trial Balance Scrutiny

- The position would primarily be responsible for monitoring the Reporting and Settlements of both Domestic as well as Offshore funds including ETF trades, Forex Handling right up to preparation of the ETF Trade settlement advice.

- From the other deliverable perspective, the role is required to monitor the functionality in terms of maker checker on the Trade Settlements, checking Cash Flow balances, monitoring of security master, information updation in the front office system, booking expenses, facilitating Audits up to Finalization of Accounts.

- Co-ordinate with RTA for seamless Processing of Transactions received. Further, also ensure smooth processing.

- To handle brokerage-related activities such as checking brokerage commission rates, and withheld of brokerage. Brokerage Funding with proper co-ordination with the BD team.

- Ensures Timely receipt of Unit Capital Files and proper accounting by the Fund Accountant (FA).

- This position would also require the individual to work closely with the Marketing, Product, Compliance team and externally with Auditors and service providers.

- Coordination with Fund managers, Fund Accountants and Custodians for Trade Settlements, timely NAV Declarations etc.

- Responsible for Audit on RTA & Banking Functionality, Compliance requirements, QRCs & MIS about FA-Custody Ops both internal as well as regulatory.

- Responsible for Checking information to the Regulator received either through RTA or Fund Administrators which is disseminated both internally as well as regulatory.

- Monitoring & reviewing the Fund Recurring Expense sheet which will impact on overall TER.

- Responsible for driving transformation and continuous improvement, leading programmes or projects.

- Continuously review and improve departmental processes and procedures regarding seamlessness.

- Handle other projects as delegated by the HOD. Perform related duties as assigned.

PERSONAL ATTRIBUTES:

- Knowledge of Indian and offshore Capital Markets, Different Security Segments on the Equity and Fixed Income side, and Background in the Banking and Financial services industry.

- Strong understanding of Mutual Fund products, processes, and industry regulations.

- Excellent analytical and problem-solving skills, with the ability to reconcile complex transactions and resolve discrepancies.

- Attention to detail and accuracy, especially when dealing with large volumes of data and financial information.

- IFSCA SEBI - Mutual Fund Accounting Standards & Reporting Requirements.

- IFSCA guidelines on Investment limits, Risk Management, Banking Operations, etc.

OTHER REQUIREMENTS:

- Ability to handle multi-functional processes relating to Transfer Agents, Custody Operations & Fund Accounting.

- Good inter and intra-personal relations for effective rapport building and functionality management.

- Hands-on experience with MS Office and aligned software.

- Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams and external stakeholders.

- High level of accuracy and eye for detail.

EDUCATIONAL QUALIFICATION & EXPERIENCE:

- Graduate/Post Graduate with overall 4 to 5 years of work experience.

- Bachelor's degree in finance, accounting or a related field with overall 3 years of work experience

- Should know of the concerning Gift City Jurisdiction. Can demonstrate an ability to work effectively as a team.

- Should have the latest knowledge of Regulatory guidelines.

Additional Information

The above statements are intended to describe the general nature and level of work being performed by the incumbent. They are not intended to be an exhaustive list of all responsibilities, duties and skills required by all incumbents. Management/HOD retains the right to add to or change the duties of the position at any time. This position may require extended hours or weekend work during peak periods, such as month-end or quarter-end reporting cycles