Senior Manager

1 month ago


Mumbai, India iimjobs Full time

NOTE: INCUMBENT from ASSET MANAGEMENT / SECURITIES / CAPITAL MARKET can apply.

Job Role:

- Oversee all aspects of the ETF process to ensure workflows and data are correct.

- ETF creation and redemption order processing and settlement for the primary market.

- Creates and maintains policies and procedures for secondary market activity.

- ETF creation and redemption settlement arrangements, both in-kind and cash.

- Maintaining positive relationships with sponsors and clients in the secondary market.

- Overseeing the settlement of secondary market trades when creating and redeeming on behalf of a client.

- Handling the settlement of ETF rebalancing. ETF collateral processing and P&L calculations.

- PCF (portfolio composite composition) file review, including reviewing relevant component stocks and prices and reconciling those stocks against the net asset value.

- Reconciliation is to be performed daily, and exceptions are researched and escalated accordingly for resolution.

- Ensure client service level agreement (SLA) and deadlines are met, as well as contractual agreements upheld.

- Provides and oversees daily reporting to Portfolio Managers and Analysts, acts as point of escalation on issue resolution.

- Monitor and research errors to ensure adherence to audit and control policies, identify issues where trade settlement is non-straight-through processing, and correct root cause.

- Work closely with Management in efforts to automate and integrate tasks.

- Funds' oversight utilizing exception reporting, metrics, and current staff.

- Work closely with outsourced accounting, custody, and administration teams as well as ETF support providers.

Addons:

- Settle the equity, debt, G-Sec and repo/CBLO trades through STP, FIMMDA reporting and inform DB custody & DB fund accountant for NAV calculation

- Check & provide regulatory reports received from DB-fund accounting to compliance

- Assist in handling audit - Regulatory / Statutory / Internal and Others .

- The incumbent will be responsible for smooth flow of information to the distributors and act as the solution provider for various queries with the sales team and their partners

- Translates strategic goals to operational plans to help in achieving the desired results of the business

- Continuous Process Improvement, designing and implementation of new systems

- Coordinating with Sales team and other departments of the group for new product launches

- Managing data authenticity on a day to day basis

- Ensure regularization of all pending discrepancies within committed timeline and adherence to Clean desk policy

- The candidate is required to assess the existing processes and bring in improvisation to bring in better stakeholder experience

- Train staff on functions to ensure coverage.

Preferred Candidate Profile:

- Post Graduate, Graduate or Post graduate in any disciple

- 8+ years' of experience in ETF Ops. BFSI space with major stint (at least 5 years) in ETF Ops.

- Direct experience with Exchange Traded Products required.

- Knowledge of the ETF industry.

- People's person with excellent communication skills and responsiveness

- Orientation to servicing and managing stakeholders.


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