Senior/Chief Manager

About Neo Group:

Neo group is a new age, focused Wealth and Asset Management Platform that aims to provide clients with transparent, cost-efficient, and unbiased solutions. Through its various business lines, Neo Group serves a vast diaspora of institutional and retail customers across India, with a view to empowering them to pursue their dreams.

The organization was founded by Nitin Jain (Ex CEO of Nuvama Wealth Management) and backed by Peak XV (earlier Sequioa), MUFG and Euclidean Capital as minority investors.

· Profitable from day 1

· Asset Management: AUM of ~ 13,500 Cr

· Neo Wealth Management: Asset Under Advisory of Rs ~ 60,000 Cr

Role Overview:

The Wealth Operations Associate will be responsible for handling critical operations related to wealth management, ensuring seamless data management, reconciliation, and transaction processing. The role requires a keen eye for detail, strong analytical skills, and the ability to coordinate with multiple stakeholders to ensure accuracy and efficiency in financial data management. Experience with Wealth Spectrum and BSE-Star platforms is essential for handling transactions and operational workflows effectively.

Key Responsibilities:

1. Client Creation on Systems

• Ensure timely and accurate creation of client profiles on internal systems.

• Verify and validate client data as per regulatory and compliance requirements.

• Maintain confidentiality and integrity of client information

1. Scheme Master Creation (All Products)

• Set up and maintain the scheme master for all financial products, including Mutual Funds, Alternative Investment Funds (AIFs), Bonds, Direct Equity, and other financial instruments.

• Regularly update and maintain scheme details to reflect market and regulatory changes.

1. Transaction Data Upload

• Process and upload daily transactions for Mutual Funds, AIFs, Bonds, Direct Equity, and other financial products.

• Ensure accuracy in transaction mapping and data entry.

• Troubleshoot and resolve any discrepancies in uploaded data

1. Daily Reconciliation of Clients and Transaction Data

• Identify, investigate, and resolve discrepancies in client and transaction data.

• Liaise with internal teams to ensure consistency and accuracy in reporting.

1. Coordination with Internal and External Stakeholders

• Engage with fund houses, custodians, and other financial institutions for transaction confirmations and data accuracy.

• Work closely with internal teams, including Relationship Managers and Compliance, to address data-related queries.

• Ensure prompt follow-ups for pending data requirements.

1. Management Information System (MIS) Reporting

• Generate and distribute periodic MIS reports to various stakeholders as per defined frequency.

• Develop dashboards and analytical reports to support business decision-making.

• Ensure reports are accurate, timely, and aligned with business needs.

1. Data Collection and Quality Assurance

• Ensure efficient data collection processes to maintain accuracy and legitimacy of financial records.

• Conduct periodic audits and checks to maintain high data integrity.

• Proactively identify and rectify data discrepancies.

1. Data Security and Compliance

• Implement secure procedures for data handling and analysis.

• Adhere to regulatory compliance and internal policies concerning data privacy and security.

• Stay updated on industry best practices and compliance requirements.

Skills & Competencies:

Experience with Wealth Spectrum and BSE-Star platforms (Must Have)

• Excellent organizational and analytical skills.

• Strong attention to detail and problem-solving abilities.

• Ability to work independently and as part of a team.

• Excellent communication and interpersonal skills.

• Establish data-sharing rules and support colleagues in the daily use of data systems.

• Knowledge of data privacy regulations and best practices.

• Proficiency in excel.