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Job Introduction
Portfolio Management Services (PMS) Operations is one of the key functions responsible for various back and middle office deliverables, handling activities ranging from Investment operations, banking, fees and charges, reconciliations, client account opening, client data vault, client reporting, regulatory reporting, regulatory change implementations, audit management, vendor management, governance & MI reporting etc.
Principal Responsibilities
The role is to independently manage the operational activities in the PMS Operations team. The role also entails interaction with sales, investment and various other functions within AMIN to ensure that their requirements are understood and delivered accordingly. The candidate should also have a sound understanding of SEBI regulatory guidelines that governs the Portfolio Management business. The role requires a sound understanding of capital market and debt market operation/settlement cycle.
The role is supported by the PMS Operations team and reports to the Head of PMS operations and will be responsible for - .
- Client onboarding and activation in Order management system (OMS).
- Reporting of new Client activation to Fund Manager and custodian
- Cash Management and reporting available cash balances to Fund Manager
- Carry out daily reconciliation of the cash and stocks vis a vis bank and demat account accounts shared by custodian/Fund accountant.
- Resolve reconciliation breaks if any.
- Subscription and Redemption of liquid Mutual Funds for available cash balances.
- Trades reporting to Custodian.
- Corporate benefit updation in OMS as on when received from custodian/FA
- Prompt reporting of client queries and advise sales team on KYC related queries
- Managing PMS internal and statutory audits and sending audit statements to all the customers.
- Vendor management like oversight on vendors and review the vendor performance against the vendor deliverables.
The role also demands the following-
- Support Product and campaign launches in PMS
- Ensure adequate control and diligence while performing BAU activities independently
- Compliance - regulatory reporting and complying with internal guidelines
Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.
- Graduate with accounting/operations background and with at least 2 years of work experience preferably in Portfolio Management services.
- Candidate needs to be proficient in MS-Office and adapt to working with different systems
- Strong organizational and time management skills.
- Strong verbal and written communication skills
- Willingness to work in a high pressure environment and perform multi-tasking by prioritizing critical activities.
Useful Link
Link to Careers Site: Click HERE
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Issued by HSBC Global Asset Management (India) Private Ltd
