AddressNOTE: INCUMBENT from ASSET MANAGEMENT / SECURITIES / CAPITAL MARKET can apply.
Job Role:
- Oversee all aspects of the ETF process to ensure workflows and data are correct.
- ETF creation and redemption order processing and settlement for the primary market.
- Creates and maintains policies and procedures for secondary market activity.
- ETF creation and redemption settlement arrangements, both in-kind and cash.
- Maintaining positive relationships with sponsors and clients in the secondary market.
- Overseeing the settlement of secondary market trades when creating and redeeming on behalf of a client.
- Handling the settlement of ETF rebalancing. ETF collateral processing and P&L calculations.
- PCF (portfolio composite composition) file review, including reviewing relevant component stocks and prices and reconciling those stocks against the net asset value.
- Reconciliation is to be performed daily, and exceptions are researched and escalated accordingly for resolution.
- Ensure client service level agreement (SLA) and deadlines are met, as well as contractual agreements upheld.
- Provides and oversees daily reporting to Portfolio Managers and Analysts, acts as point of escalation on issue resolution.
- Monitor and research errors to ensure adherence to audit and control policies, identify issues where trade settlement is non-straight-through processing, and correct root cause.
- Work closely with Management in efforts to automate and integrate tasks.
- Funds' oversight utilizing exception reporting, metrics, and current staff.
- Work closely with outsourced accounting, custody, and administration teams as well as ETF support providers.
Addons:
- Settle the equity, debt, G-Sec and repo/CBLO trades through STP, FIMMDA reporting and inform DB custody & DB fund accountant for NAV calculation
- Check & provide regulatory reports received from DB-fund accounting to compliance
- Assist in handling audit - Regulatory / Statutory / Internal and Others .
- The incumbent will be responsible for smooth flow of information to the distributors and act as the solution provider for various queries with the sales team and their partners
- Translates strategic goals to operational plans to help in achieving the desired results of the business
- Continuous Process Improvement, designing and implementation of new systems
- Coordinating with Sales team and other departments of the group for new product launches
- Managing data authenticity on a day to day basis
- Ensure regularization of all pending discrepancies within committed timeline and adherence to Clean desk policy
- The candidate is required to assess the existing processes and bring in improvisation to bring in better stakeholder experience
- Train staff on functions to ensure coverage.
Preferred Candidate Profile:
- Post Graduate, Graduate or Post graduate in any disciple
- 8+ years' of experience in ETF Ops. BFSI space with major stint (at least 5 years) in ETF Ops.
- Direct experience with Exchange Traded Products required.
- Knowledge of the ETF industry.
- People's person with excellent communication skills and responsiveness
- Orientation to servicing and managing stakeholders.
