About the opportunity
Job Overview
<p>An Assistant Manager, Wealth Operations at a bank will be responsible for managing the entire WMS Operations, including Customer Transactions, Reporting, MIS, Reconciliation, and Servicing Pre & Post sales.</p> <p>Responsibilities:</p>
<ul>
<li>Managing the daily Operations across various products such as Mutual Funds, PMS, AIF, Structured Products, Gift city, & Other Products.</li>
<li>Monitoring The BOD & EOD process for MFs, PMS, AIFs, etc.</li>
<li>Mutual funds data updating i.e., is transaction Updating in NAV Updating, Brokerage feeds Updating, Bank statement reconciliation, Brokerage reconciliation & Aum Reconciliation MF Transactions feeds reconciliation</li>
<li>PMS Operation function saleable holding reconciliation, Equity Transaction Feeds updating, P & L statement verification, TDS calculation, passing journal entries, new client KYC verification & record updating in software.</li>
<li>Bonds & FD’s NFO presentation and brokerage reconciliation.</li>
<li>Mutual funds & PMS AUM reports regarding the gaps in funds Transfer reports</li>
<li>Reporting of Clients Report, with coordination with RM,</li>
<li>Resolving the query raised by client & RM</li>
<li>Coordinating with RM & SRM for the client data.</li>
<li>Mutual Funds online queries related software, Dividend & redemption payout, funds statement.</li>
<li>Review suspense entries in the Back-office system, Check BSE rejections reports, </li>
<li>RTA interaction with Cams & Karvy for transaction, Nav & Brokerage Feeds, AUM.</li>
<li>Tax related queries resolution for product like Mutual funds, PMS, Bonds & Fixed Deposits</li>
<li>Branch, Region & Sub brokers queries resolution</li>
<li>Handling queries related to NFO’s of Bonds, Mutual funds & Fixed Deposits</li>
<li>Interaction with AMC’s.</li>
<li>Resolving Queries with Vendors.</li>
<li> Handling End to End audit functions.</li>
<li>Ensuring various regulatory reports in a timely manner</li>
</ul>
<p>
Technical Competencies: </p>
<ul>
<li> Extensive knowledge of BSE Star MF. </li>
<li>Preferable experience on DION MF Back-office platform.</li>
<li>Extensive knowledge of managing the Operations processes for the WM business.</li>
<li>Strong understanding of regulatory requirement and regulations related to mutual funds, private equity funds, portfolio management services, Alternate Investments Funds etc. along with global regulations such as FATCA.</li>
<li>Understanding of custodial services, Settlement of financial products in the industry.</li>
<li>Understanding of Regulatory reporting and Audit process for MFD distributors.</li>
</ul> <p>Looking for candidates with ample experience working with a bank's central Wealth Operations team. Strong understanding and work experience in AUM reconciliation, and regulatory requirements and regulations related to mutual funds, private equity funds, portfolio management services, Alternative Investment Funds etc., along with global regulations such as FATCA.</p>