Avp - Operations

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**Job Purpose**

Operations function is a critical support activity for settlement of trades on time and reconciliation of Holding & Bank Accounts. This is a voluminous and high pressure function which needs knowledge of various security settlement modes, digitalization, new trends available in the Capital Market system. Recon experience, co-ordination with Sales RMs, ISCs, R&T, Recon Agency, custodians, and knowledge on Mutual Fund regulations. Ensuring that appropriate Mutual Fund regulations and controls are adhered to and best practice standards are maintained across all activities within the sphere of control particularly in the protection of client monies. Taking ownership and motivates the team to perform to the core to get the best possible results.

**Principle Accountabilities**

**The Operations personnel will be required for the following key activities**
- Strong Domain Understanding on Financial Instruments & Markets and regulations impacting Financial Markets;
- Strong numerical skills and analytical abilities;
- Ability to independently manage relationship with Fund Accountant and Custodians;
- Ability to drive process improvements, new initiatives, small to medium scale projects independently;
- Ability to Design and Produce MIS for Decision Support, Business Intelligence;
- High level of process orientation;
- Eye for Detail;
- Good Verbal & Written Communication Skills;
- Ability to independently handle audits.

**Activities**
- System updates Equity & Debt price update, AUM, Holding & Paid up capital update in dealing module
- Cash flow update with Redemption, Switch, Settlement, opening balance operating & custody accounts, corporate action etc.
- Equity Notional / FOF Notional Cash Flow to Fund Management team
- Equity trade settlement / corporate action booking / MF trade instruction preparation
- Debt trade reporting / settlement on Ftrac/ CBRICS/ BSE within 15 min & reporting on delays
- New master creation equity / Debt securities/ scheme in Dealing module
- Reporting to Custody / fund accounting team on various position & activates during day
- Daily Reporting to internal treasury team, other bank on bank activities
- Daily RBI holding recon / NDS om transaction & holding recon before EOD
- Weekly /Monthly operating & custody bank account, switch recon review
- Daily Switch transaction recon in CFMS
- NAV upload on NEAPS portal, transaction upload on AMFI & MF website
- Daily FOF TER monitoring
- Daily Bank account entries on switch, settlement & Inter account transfer
- Ensuring final deployment amount communicating to Debt FM team before TREPS cutoff
- Post TREPS closure scheme level allocation
- CCIL Margin related requirement adherence on daily basis - Cash & security
- Cash activity / Final trade blotter to FA team for NAV calculation
- EOD in dealing module / Cash flow system
- Daily EOD account balance checking operating & Custody accounts
- Co-coordinating Quarterly Internal, Compliance & Half yearly Risk Management Audit
- Various SEBI / AMFI / RBI monthly, quarterly, half yearly, annual reporting
- Scheme wise Fortnight debt portfolio / monthly debt & equity portfolio update on website
- Half yearly unaudited financials
- Adhoc SEBI reporting
- Quarterly Proxy report preparation
- Expenses processing, Custody & fund accounting invoice checking
- Weekly, Monthly factsheet checking
- Adhoc reporting requirement from client operation / FM / marketing teams
- RFQ monthly target to Debt FM team & interim review numbers on request
- Weekly / monthly group reporting / Regulatory reporting dashboard update on share point
- Monthly payments like AMC fees/ Investor education / CCIL charges /Gsec brokerage/ statutory payments etc. processing
- NFO related activities

**Asset Class ** Equity, Equity Derivatives, Fixed income, Fixed Income Derivatives, ETF, Index Funds, Mutual Funds, Overseas Mutual Funds

Requirements

**Qualification and Experience**
- Chartered Accountant / Post Graduate with good knowledge on accounting
- Minimum 4-5 years of Work experience, primarily in Mutual Fund operations / Insurance/ Alternatives/Hedge Fund / Audit firm

**Functional and Behavioral Skills**
- Preferable to have experience in Mutual Funds including Application, settlement cycle, system updates, recons and client reports
- Knowledge on various modes of collection / payment mode offered by Banks and new trend in payment mechanism
- Good Analytical skill and expert knowledge in Excel
- Good Communication and Team management skill
- Good at Time Management

**Useful Link**

Link to Careers Site: Click HERE

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