Professionals - Trade Settlement - AMC/Mutual Fund

Intellectual Capital
  • Mumbai
  • Confidential
  • 3-7 years
  • 29 May 2015

  • Finance/ Accounts

  • Financial Services/ Capital Markets
Job Description

Candidates only from mutual fund industry should apply

- Job involves settlement of trades across all asset classes and over 20 geographies based on the respective settlement cycles. Confirming trades with counter-parties, settling the trades in internal as well as on stand alone platforms like NDS.

- Liaison with Custodian for receipt and delivery of securities / payments according to the deal executed by the fund management.

- Liaison with Fund accountant for timely accounting of trades, valuation to enable timely computation of NAV.

- All the above activities are critical and needs to be hundred percent accurate. These need to be carried out within pre defined time limits.

- Ensuring proper receipt of funds on due date of corporate actions.

- Monitoring the deliverables of fund accountant, custodian, ensuring proper accounting is carried out by the business partners. Special emphasis on accounting and valuation of corporate actions, mergers & demergers, capital reduction etc.

- Liaison with auditors for carrying out smooth audit. To ensure completion of audit without any observations.

- To ensure no interest loss or loss of image on account of non-execution of trades or for operational lapses.

- Preparation of MIS reports for top management

- Coordinate with vendors in automating the existing activities.

Key challenges:

- To handle higher volume of trades within the pre-defined timelines with accuracy

- Ensure that there are no income losses due to operational inefficiencies

- Adapting to the market changes and gearing up the entire team to meet these challenges

- Constantly reviewing deliverables of business partners. Devise fair valuation methods of various corporate actions which can be extremely complex.

Competencies/Skill sets for this job

Accounting Mutual Fund Trade Settlement Audit Fund Management Mergers

Job Posted By

About Organisation

Intellectual Capital