Axis Bank - Team Lead - Overseas Fund Services - International Banking

About the Department: Wholesale Banking Product - Fund Services

The Wholesale Banking Products Department focuses on the gamut of corporate products viz. Current Account, CMS, Trade (Domestic & Cross Boarder) & Supply Chain Finance, Sector Solutions, Capital Account and Custody & Capital Markets; IPO & Escrows. Provides digital solutions with advanced technology. Manages business strategy and Sales & solutions. Gujarat International Financial Tech City (GIFT).

Fund Services is a niche segment focus on Domestic - PMS, AIF, MF, Insurance etc and offering Fund Accounting Services for Portfolio Managers (PMS), Alternative Investment Funds (AIFs) & MF/Insurance in India and Gujarat International Financial Tec-City (GIFT).

About the Role: Fund Accounting & Reporting

The role is to execute and manage fund accounting activities for Funds setup in Gift city and warrants relevant operational and regulatory knowledge, experience and fund accounting background. The role involves ensuring daily execution of NAV of Mutual AIF/Fund/Insurance fund schemes, ensuring complete and accurate daily/weekly/monthly client reporting as per SLA plus regulatory reporting, Allocation of work to team members and ensuring timely execution of assigned task, various MIS reporting to management, Handling client's for regular and adhoc requirements and operational concerns, handling client's and other audit, active participation in and driving system developments and digital adoption.

Responsible for Fund Services Products & Middle office in GIFT City

- Implement Fund Accounting new systems, completion of UAT

- Developing SoPs, documents, SLAs, BRD, Reports as required by the institutional clients or regulators.

- Automation of generation of Regulatory reporting of Custody clients

- Ensuring Regulatory Compliance/Controls in process, timelines etc.

- Day to Day NAV and reporting support for Client

Key Responsibilities:

o Preparing CMC documents, taking necessary approvals from the stakeholders and implementing the processes under new growth areas - Mutual Funds; Insurance; FPI & AIF

o Requirement discussion with Operations and coverage and preparing Business Requirement Documents (BRD) to enhance / implement it in custody and Fund accounting systems to suite the needs.

o Responsible to ensure completion of UAT and implementing the process in the prescribed timeline

o NAV Computation and related activities

o Servicing and client Query Management

o Preparation of Annual Financial statement

o Supporting clients in all types of Audits - Internal and External

o MIS and Regulatory Reporting Support

o To ensure transaction processing and client deliverables as per agreed SLA, monitoring and ensuring implementation of all relevant regulatory changes

o To handle escalations if any and ensuring high customer satisfactions score

o To manage client's operational review meetings, obtaining feedback and addressing client's concerns/recommendation

Role Proficiencies:

- Experience in Fund Accounting and have good knowledge of MF, AIF & Insurance Regulations in India and GIFT city.

- Experience in handling different asset class (alternative asset classes)

- Ability to support product and system rollout, including system UAT and updating product guides.

- Support and Manage Daily production activities.

- Experience on extended services such as mid office .