Senior Investment Operations Specialist
8 hours ago
The role of Senior Investment Operations Specialist is a crucial position in our organization, responsible for overseeing the end-to-end investment operations to ensure full compliance with regulatory requirements and timely, accurate transaction processing. The successful candidate will coordinate with the Investment Front Office to ensure investments align with regulatory limits, establish and maintain robust system controls to prevent active breaches, manage passive breaches, and ensure prompt escalation as needed.
Responsibilities:- Transaction Management: Coordinate investment transaction processing and activities with the Investment Front Office in Credence, ensuring timely execution and accuracy.
- Regulatory Compliance: Monitor investments to ensure compliance with IRDA regulations, implement system controls to prevent breaches, and escalate issues to the Chief Investment Officer (CIO) and Chief Financial Officer (CFO) as required.
- Policy and Risk Management: Review and update the Investment Policy in line with regulatory changes, identify risks, and implement effective control measures.
- Fund Accounting and Reconciliation: Maintain accurate fund accounting, perform daily reconciliations, and ensure proper integration of investment systems with financial accounting systems.
- Audit and Reporting: Facilitate system, concurrent, and statutory audits; ensure timely submission of IRDA returns, internal/external reports, and ad-hoc requirements.
- Custodian Coordination: Work with custodians to maintain securities, manage corporate actions, and handle settlement of investment deals and creation of entity/security masters.
- System Enhancements: Drive system changes, conduct User Acceptance Testing (UAT) for investment systems, and ensure Standard Operating Procedures (SOPs) are regularly updated to reflect compliant and controlled processes.
- End-to-End Operations: Oversee processes such as interest accrual, amortization, valuation, and reconciliation, and prepare investment portfolio reports as needed.
- Bachelor's degree in Finance, Commerce, Accounting, or a related field.
- Postgraduate degree or professional certifications such as CA, CFA, CMA, MBA (Finance) preferred.
- 4+ years of experience in Investment operations or fund management, preferably in the insurance or financial services sector.
- Strong understanding of IRDA investment regulations and compliance frameworks.
- Hands-on experience with investment accounting systems (e.g., Credence) and financial reporting.
- Experience in managing audits.
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