Associate - Banking, Reconciliations & Control

1 week ago

Gurgaon, India Fidelity International Full time

About the Opportunity

**Job Type**: Permanent

Title: Associate, Controls & Settlements

Department: Banking & Settlements

Location: Gurgaon

Reports To: Manager

Grade: 1

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our : Banking & Settlements team and feel like you’re part of something bigger.

Department Description

Banking & Settlements is responsible for the receipt and payment of monies to / from investors / intermediaries and the reconciliation of cash and stock positions for Fidelity’s European based funds and Funds Network fund supermarket business. In addition, Banking & Settlements includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Business Operations.

Job Overview

Purpose of your role

Key Responsibilities
- Responsible for the daily investigation, reconciliation and settlement of all Onshore Special Dealing for GIA using information received from Deal Corrections and system generated reports.
- Be responsible for the ongoing investigation and clearance of outstanding items on ledgers to ensure that all items are cleared promptly
- Input JD Edwards keying generated within the department onto the One World System on a daily basis.
- Monitor and action items received via work hub queue on a daily basis.
- Processing of SIPP & Bond Payments to Standard Life. Investigation of exceptions & money movements between bank accounts.
- Monthly Profit & Loss reporting to Senior Management detailing operation P&L passed through the JD Edwards ledgers.
- Monitoring and recording of Deal Correction transaction from Sonata system on daily basis
- Investigation of exceptional dealing breaks in automated journey (On Sonata) and taking further action to resolve the same.

Other responsibilities include:
- To gain regulatory knowledge and ensure knowledge is maintained.
- To gain knowledge of the products & procedures within Fidelity and also within the Financial Market, and ensure knowledge is maintained and updated regularly.
- To suggest process improvements and drive them in collaboration with the team lead and other team members.

Experience and Qualifications Required
- B.Com or an equivalent bachelor’s degree from a recognised university. 1-3 year previous experience in finance or related areas is desirable.
- Strong analytical skills with attention to detail.
- To be able to prioritise and organise effectively to ensure deadlines are met.
- Demonstrates a high level of commitment to improving customer service / processes internally.
- Excellent communication skills.
- Good computer skills with knowledge of MS Word, Excel and Power Point.
- Ability to remain highly motivated and focused towards the key measurements.
- Team player who is also self-motivated and can work independently.
- Adaptable to changing business needs - a team player with a flexible approach.
- Energetic & enthusiastic and a supportive and proactive team player.
- A good understanding of the FCA Client Money regulations will be an added advantage.

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