Associate

**Job Description - APAC** Job Title: Associate Date: Department: IFSO **Location**: Chennai/Mumbai Business Line / Function: Middle Office - Corporate Actions Reports to: (Direct) Team Leader /Assistant Manager / Deputy Manager Grade: (if applicable) (Functional) Number of Direct Reports: Directorship / Registration: **POSITION PURPOSE**: Associate joining the team should be valuable in facilitating Corporate Action event information from Custodian to Investment Manager/Client and facilitate client elections. Also we do record keeping activities to mitigate the risk that impacts fund valuation on back of a Corporate action event. **Responsibilities** **DIRECT RESPONSIBILITIES**: - Cross-checking information received with other data sources - Reverting to local sub-custodians to clarify/solve any open issue. - Analyzing the corporate event in order to anticipate any reporting or processing issues. - Setting-up of financial information into the Custody system - Collecting and relay any update related to the corporate event on an on-going basis. - Processing the securities reconciliation with sub-custodians client positions at the different steps of the event. - Checking eligible positions of accounts within the local sub-custodian - Checking that all eligible positions have been instructed at response deadline (for voluntary events only) - Consolidating client instructions (for voluntary events only) - Advising local market by sending instructions of participation to sub-custodian ((for voluntary events only) - Checking that instructions of participation have been duly acknowledged by sub-custodian. - Tracking of the payment date of the event in order to advise clients accordingly - Processing payment of the event on client’s account upon recovery of cash and/or securities from the local sub-custodian - Processing foreign exchange orders according to client’s set up. - Processing any manual adjustment related to cash or securities in order to finalize the recovery process - Justifying any cash or securities breaks to Control Teams - is happening on periodic basis. - Participate in Brain Storming Sessions and share the best practices and ideas with the peer groups and team members. - Consistently evaluate and update documented procedures to ensure they are complete, accurate and current. **TECHNICAL & BEHAVIORAL COMPETENCIES**: - Accounting knowledge and knowledge on Swift messages is an added advantage - Zeal to learn new thing - Working knowledge of MS Word, Excel will be useful - Must be prepared to work in flexible timings - Good communication skills **SPECIFIC QUALIFICATIONS (IF REQUIRED)**: **Client Focus** Complete commitment to provide professional, intelligent and timely responses to our clients’ needs and to changes in the market. **Communication** Oral: Expressing ideas effectively in individual and group situations. Adjusting communication style to match the needs of the audience. **Team Work** Work effectively with team members to accomplish goals, Respect the needs of others and displays integrity in dealing with team members. **Continuous Improvement and adaptation** Generate creative solutions to problems, Ability to plan work ahead and to prioritize workload in an organized manner. Always looks for ways to improve services and processes. **Skills Referential** Behavioural Skills: (Please select up to 4 skills) Client focused Adaptability Ability to collaborate / Teamwork Communication skills - oral & written Transversal Skills: (Please select up to 5 skills) Analytical Ability Ability to understand, explain and support change Choose an item. Choose an item. Choose an item. Education Level: Bachelor Degree or equivalent Experience Level Beginner **Other/Specific Qualifications **(if required) **PRIMARY LOCATION** **IN-MH-Mumbai** **JOB TYPE** **Standard / Permanent** **JOB** **OPERATION PROCESSING** **EDUCATION LEVEL** **Bachelor Degree or equivalent (>= 3 years)** **EXPERIENCE LEVEL** **Beginner** **SCHEDULE** **Full-time** **REFERENCE** **MO 001593** **APPLY** *** - (REF: MO 001593)