Senior Role - Settlements - BPO/ITeS

Settlements

ESSENTIAL DUTIES AND RESPONSIBILITIES (Key Accountabilities):

- Is responsible for a team of professionals responsible for Transaction and Client Cash services

- Should have good knowledge of Mutual Fund / Hedge Fund products and Capital market & settlements

- Is responsible for team development and evaluations

- Is responsible for managing Day in Life of around 100 staff

- Is responsible for leading projects

- Should have in-depth knowledge of Corporate Actions, Asset servicing, Incomes, Transaction processing, reconciliation, etc.

- Should have knowledge of Capital Markets working in AMCs, Registrar/Transfer agents and Custodians

- Knowledge of Market Valuation of the portfolio for the calculation of NAV is preferred

- Should have relevant experience in Market Value Reconciliation, Expense Accounting postings, including Management Fee, Admin Fee and Incentive Fee, Dividend Accrual Reconciliation, Bond Coupon Accrual Reconciliation,

- Exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts, Credit Default Swaps (CDS) and Contract for Difference (CFD Swaps).

- Hands on experience in using Bloomberg Terminal for searching information on Corporate Actions, verifying coupon accruals for bonds and Price for securities.

- Bookings of Equities, Futures, Options, CFD, Fixed-Income, ABS, Spots & Forwards and settling the same in its due settlement into the accounting system as per broker.

- Exposure Accounting services of a Custodian Bank

MANAGEMENT RESPONSIBILITIES:

- To manage a team of 100-150 people

- Maintain a controlled operating environment that complies with operational standards

- Ensure team is escalating critical issues in timely manner

- Perform timely and regular reporting to management

- Act as technical and knowledge resource to the team. Should be a "go-to" person for the team

- Hold regular team meetings to encourage associate feedback on all issues

- Participate in the development and periodic review of training programs and facilitate training programs.

- Manage team assignments in conjunction with client deliverables.

- Ensure that any team-specific procedures conform and are shared with other team members and departments.

- Create & periodically update SOP's for the process

- Create and use quality service measurement tools to ensure compliance with operational standards.

- Monitor quality assurance

- Drive automation / value addition projects

- Hold routine feedback call with client.

EDUCATION/EXPERIENCE:

The minimum education requirements: University degree (B. Com, MBA) in Business majoring in Accounting, Finance, or another Financial-related program. Inter CA / Inter ICWAI or CFA (pursuing)will be preferred