Senior Associate

2 weeks ago


Bengaluru, India Apex Group Ltd (India Branch) Full time

SENIOR ASSOCIATE - Middle Office

Australia Shift

The successful candidate will join the Middle Office team as a Senior Associate and will be closely working with Client Service Managers based in Middle East/Europe/Singapore/US regions in connection with the performance of duties related to the Middle Office Reconciliation process. Candidate should possess a good understanding about Capital Market, Derivatives, Corporate Actions, and Hedge/Mutual Funds. Good knowledge in Financial Products are required.

Reporting

The position reports to AVP – Middle Office

Key duties and responsibilities

  • Responsible to book daily trades into Middle office system.
  • Prepare Cash/Position/Market Value Reconciliations and resolving breaks. Notify Clients/CSMs of valid breaks. If any breaks are due to an erroneous or missing transaction in Accounting system, then make necessary adjustments.
  • Review Reconciliation and provide sign off to client.
  • Process Trade affirmation and confirmation.
  • Reviewing the corporate actions booked in the system and ensuring that the same is correctly reflected in the books. Dividends/Interest Reconciliation with Broker reports
  • Independently price the Investment positions on a daily & monthly basis.
  • Responsible for accruing/amortizing daily or monthly non-security related Fee accruals
  • Review the PNL before delivering the report to client.
  • Process non-automated transactions including OTC derivatives and their related cash movements.
  • Effective communication with clients on daily reporting of Reconciliation/Query resolutions.
  • Checking that all OTC products traded by the client have been booked correctly.
  • Support operations on projects related to Automations/Work migrations/Conversions etc.
  • Support global changes in Key operating procedures and implementation.
  • Coordinating with Internal/External Stake holders such as Securities/Trades and Pricing Team, Reporting Team, Client Service Managers and Clients.
  • Ensure to get cross trained within process and transfer the Knowledge between the team.

Skills Required

  • Experience working with an investment management or finance-related firm.
  • Good knowledge of the investment industry with 5+ Years in Hedge/Mutual Fund administration or related industry experience.
  • Familiarity with Calypso/Paxus will be an added advantage.
  • An ability to think critically and objectively.
  • Experience with reconciliation and break resolution and, with demonstrated attention to detail and accuracy, analytical, technical, organizational, and problem-solving skills.
  • Proficiency in advanced Excel functions.
  • Excellent communication and inter-personal skills.
  • Work additional hours as needed.

Qualification and Experience:

  • Post graduate in Commerce, MBA Finance, CA/CMA/CFA
  • Minimum 5-8 years of Hedge/Mutual Fund reconciliation, Trade Recon and break resolution experience.

What you will get in return:

  • A genuinely unique opportunity to be part of an expanding large global business
  • Exposure to all aspects of the business, cross-jurisdiction and to working with senior management directly


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