Associate - Asset Reconciliation

About the Opportunity

**Job Type**: Permanent


Title: Associate - Asset Reconciliation

Department:India Product Ops and Control

Location: Gurgaon

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 India Product Ops and Control team and feel like you’re part of something bigger.

Department Description

Banking, Reconciliations & Control (BRC) 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 FundsNetwork fund supermarket business. In addition, BRC includes the processing of fund distributions, tax & interest accrual processing and various other control related activities for Customer Services.

Purpose of the Role

The objective of this role is to support ISC BRC by providing the best possible service to our customers by responding appropriately to the changing regulatory framework and business priorities. By virtue of having in-depth knowledge of all related aspects of the process within the team, an individual in this role, as Process Specialist, would be able to define and support customer centric solutions, with focus on protection of client monies and assets within the FCA’s (UK Regulator) prescribed rules and regulations, as well as meet all expected and defined deadlines within agreed service standards.

Key Responsibilities
- To be able to perform and support timely automated reconciliation of client assets along with Pricing reconciliation.
- Identify and address potential shortfalls / surpluses in client money bank reconciliations and ledgers to avoid client money breaches.
- To perform timely reconciliations of Third Party deals on a daily basis, in order to enable timely settlements to Fund Providers
- To update and maintain the ledgers, including recoding reasons for outstanding items over a set period.
- To create correcting journals / cashbook keyings for reconciliation purposes.
- To ensure regulatory knowledge is regularly updated and maintained. Work with Technical Support to build awareness around the protection of client money and assets per the FCA’s prescribed rules and regulations.
- To ensure knowledge of the products & procedures within Fidelity and also within the Financial Market is maintained and updated regularly. Understands, articulates and implements best practices related to their process / task. Communicates effectively across all levels.

Experience and Qualifications Required
- B.Com or an equivalent bachelor’s degree from a recognised university.
- 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. Sound knowledge of Autorek & AS 400 is required.
- A flexible approach with an ability to work with other departments in the organisation.
- 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 and the ability to multi-task.
- Energetic & enthusiastic and a supportive and proactive team player.
- A good understanding of the FCA Client Money regulations will be an added advantage.
- Energetic & enthusiastic and a supportive and proactive team player.
- Working knowledge of various teams within the Function / Department.

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