Deputy Manager/Manager Mutual Fund Investment Operations and Cash Management, Mumbai

POSITION:

Deputy Manager/Manager

Reports to (Position):

Executive Vice President -Investment Operations

Business Unit:

Investment Service

FTE:

Location:

Mumbai

Education Background

Chartered Accountant

Principal Accountabilities:

Trade Operations:

·         Settlement of all trades in Equity, Gold ,SLR , Non SLR Securities and Money Market (Call, CBLO, Repo, LAF etc)

• Monitor the trade exception and to put efficient checks control for timely detection the error/deviation to ensure proper reconciliation of data

·         Corporate Action 

• Broker empanelment and review
• Managing back-office processes in front office system BLOOMBERG AIMS
• Trade outstanding review and a strong control over the same

·         Control over the Margin management for each type of security

• Liaising with Dealers, Fund managers, Registrar operations team, Custodian, Professional Clearing Member (PCM), Stock exchanges and Clearing corporations
• Liaising with the Statutory Auditors, Internal Auditors and SEBI Auditors pertaining to respective function
• Implementation of new projects and changes brought because of regulatory or business requirement.
• Support all new initiatives and new assets including system development.
• Benchmarking similar industry practices and work towards implementation of best practise
• Identifying risk and implementing effective controls for various processes

Trade Settlement:

·         Understanding and executing trade settlement of all trades in Equity, Gold, SLR, Non SLR Securities and Money Market

• Monitor the trade exception and to put efficient checks and control for timely detection the error/deviation to ensure proper reconciliation of data

·         Corporate Action execution

• New Broker empanelment and annual review controls
• Gaining knowledge about and managing back-office processes in front office system BLOOMBERG AIMS
• Control over outstanding position in various systems and regular review and of the same.

Knowledge, Skills, Competencies

Knowledge, Experience

§  Knowledge of securities market mechanism, operations, or Fund Accounting of local Funds  

§  MS office with special expertise in Excel, Bloomberg, and other related software

Competencies

§  Good communication & Interpersonal skills.

§  High degree of integrity

§  Ability to work autonomously but know when to escalate.

§  Ability to perform under pressure.

§  Resourcefulness and ability to use initiative.

§  Commercial approach

Attributes

§  To have an eye for detail is very important criteria.

§  Able to build strong working relationships with colleagues and external parties.

§  Capability to work in a collegial manner.

Preferred Industry Experience

§  Ideally the candidate should have experience in the mutual fund space though not a pre-condition.

§  If not from mutual fund space, the candidate could be drawn from the financial services space including insurance, commercial & investment banks, non-banking finance companies.

Internal Contacts

 §  Fund Management

§  Internal Team -Treasury Settlement and Cash Management

§  Banking Operations

§  Finance

§  Compliance

External Contacts

• Bankers & Custodian

§  Clearing members

§  Stock exchanges.

§  Clearing Corporations